WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

Online loans £50 To £2000

The Best Loans In Then Market

How much?

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Why Choose MoneyFall

Quick and Easy Process to the money you need. The most reliable lenders from across all the UK

Loan amount
1,500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Excellent
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Loans for Bad Credit with No Guarantor: Finding the Best Loan Solutions

As both households and businesses continue to rely heavily on loan services, the consequent increase in the demands for loans as well as the ensuing rise in the number of delinquent accounts have prompted traditional lending firms and institutions to come up with long term solutions that would help address these problems. As a result, a credit scoring system was devised and developed specifically to work towards the lending firms’ plans. Under this credit scoring system, the lending firms were easily able to classify borrowers according to their finances. The borrowers whom the lending firms perceived to be likely incapable of paying off their loans in the future were easily segregated from the borrowers whom they thought were likely to be capable of paying of their debts without any problem at all. With this credit scoring system in place, the borrowers who were earning less than what the lending firms have decided as the acceptable minimum were automatically given poor credit scores, while the borrowers who either repeatedly or frequently missed their recurring payments automatically had records that reflected their bad payment histories. Because of this, borrowers with poor credit scores and bad payment histories were automatically disqualified from procuring any kinds of bad credit loans from any of the standard lending institutions. And while this credit scoring system has been proven to be highly effective in helping the lending firms address persistent problems, it had repercussions that proved to be extremely harmful to the borrowers’ finances in the long term.

Because borrowers with poor credit scores and bad payment histories were no longer qualified to secure loans from any of the legitimate lending firms, they were often left with very few and impractical choices in times of unexpected financial crises. Since selling properties and borrowing from members of the family may not always be plausible nor easy, many borrowers are often left to resort to underground loans whenever faced with urgent financial situations. And although these types of payday loans do provide borrowers the temporary monetary relief that they urgently need, the long term consequences often associated with these kinds of loan services leave many borrowers in even worse financial crises. With the excessively high interest rates inherent to underground loan services, borrowers often struggle with their finances — which leave them in a never-ending cycle of much more difficult financial circumstances.

How to Find The Best Loans for Bad Credit with No Guarantor

Getting Loans for Bad Credit with No Guarantor

As more and more borrowers with poor credit scores and bad payment histories found themselves in similar cycles of difficult financial crises, an entire new market composed entirely of borrowers with bad credit was inevitably eventually created. And with the rising demands for more affordable, more secure, and more flexible loan services, lending firms, lenders and institutions have later on came up with innovative new loan solutions like loans for bad credit with no guarantor. Through loans for bad credit with no guarantor, borrowers now finally have easy access to innovative new loan services, even despite their bad credit circumstances. With innovative new financial services like loans for bad credit with no guarantor, borrowers can now easily avail of financial solutions that they can rely on in times of urgent financial situations. And unlike application procedures for many of the conventional loans that are typically being offered at traditional lending firms, applications for loans for bad credit with no guarantor do not involve waiting for long hours in long lines just to submit applications, nor do they involve impossibly hard to find requirements’ submission.

How to Get Loans for Bad Credit with No Guarantor

Through the continuing evolution of the lending industry, paired with the latest advancements in technology and online security, borrowers finally have easy access to innovative new loan services, even despite their bad credit circumstances. By availing of loans for bad credit with no guarantor, borrowers have the convenient option of being able to submit their loan applications without even having to leave the comfort of their own homes. And since loan applications can now be accomplished entirely online, borrowers may now enjoy the convenience of being able to submit their loan applications from anywhere and at any given time. Because everything can now be completed entirely over the internet, the processing of loan applications begins as soon as they are submitted. As a consequence, approvals of applications for loans for bad credit with no guarantor as well as other innovative new loan services can now be expected as early as just minutes after the loan applications’ processing has been completed. The release of funds for approved loans for bad credit with no guarantor, on the other hand, can now be completed in as early as just hours after the loan applications have been submitted. With these highly convenient features of innovative financial services such as loans for bad credit with no guarantor, these options make good solutions to urgent financial situations. But because loans for bad credit with no guarantor are usually merely small loans that borrowers are supposed to repay over short payment terms, these loan options do not make good solutions to much more complicated financial situations. In addressing more complex financial conditions that require bigger loans and more extensive payment terms, borrowers can always rely on secured loan options, which allows loans in higher amounts and a lot longer payment terms.

Getting Loans for Bad Credit with No Guarantor from Direct Lenders

A lot of borrowers mistakenly believe that just because borrowing from the lenders directly saves them from having to pay for loan brokers’ fees, it automatically follows that this option provides them with more savings. Many borrowers fail to see that because loan brokers maintain a network of connections to different lenders in different regions, they also have comprehensive access to all these lenders’ various discounted lending services. Consequently, the borrowers who opt to avail of loans through loan brokering firms actually enjoy so much more savings and a lot more benefits in the long term.

How Loans for Bad Credit with No Guarantor Actually Works

5 most recent personal loan reviews

Review of Bridge Finance

This is my second loan with Bridge Finance and both times they have been very helpful and informative. Explained everything to me and made sure I understood the process and what would happen. I would recommend Bridge to anyone.

Review posted by Charlotte Ashton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wesleyan Bank

Wesleyan loans are a financial institute which is excellent for applying for loans. It looks at all your circumstances and provide loans to people who are refused elsewhere. They are fast and honest. I would recommend Wesleyan loans to anybody who needs a loan.

Review posted by Zafrullah Khan, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Logbook Loans

Really happy with my experience with Logbook. Most of the process was done online from the convenience of my own home. Really friendly customer services too! Highly recommended.

Review posted by Bethany Holcombe, Cirencester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews are sourced from Trustpilot.com for authenticity.