Very Bad Credit Loans Direct Lenders UK

Do you want to apply for a loan with bad credit scores? You’re at the right place. This article features Very Bad Credit Loans Direct Lenders in UK who are willing to offer you loans irrespective of your credit scores. Read on!

Credit scores are numbers based on a level analysis of someone’s credit history. Your credit history will be evaluated, then you’ll be assigned a number, the number assigned to you will be your numeric credit score. Your credit score represents your credit worthiness.

What Is A Bad Credit Loan?

A bad credit loan is a short term loan, lenders generally offer small amounts to people with bad credit scores. Also, there is a lesser risk involved for the lender or credit broker than loans like credit cards or mortgages.

Bad credit loans are designed to help people with low credit scores and bad credit history, most bad credit loans are “no guarantor loans” so you don’t need to own a home before you apply.

Everyone’s credit score in the UK is tracked by the Credit Reference Agency (CRA), This makes it easier for lenders to access your credit scores first before accepting your application. When you have a low credit score your application might likely be rejected.


Different Agencies have their system of assessing your credit scores, but they all check the same factors. However, different agencies have different range of credit score they consider poor. For example; Experian considers 0 – 560 credit score very poor while Equifax considers 0 -278 credit score very poor.

Here’s A List Of Very Bad Credit Loans Direct Lenders In UK

  • Likely Loans

This is one of the few lenders that offer loans starting at £500, and there are no additional charges to pay.

Whether you’re looking for car loans or home maintenance loans, they offer all types of loans suitable for people with bad credit, they run a soft credit search and as such, you can get a quote for loan and it won’t affect your credit score.

  • Lending Stream

It’s difficult to get loans for bad credit with lending stream, but not impossible. Your credit score isn’t the only thing they access. They also look at your current finances and your credit history to see what you can afford before accepting your application.

  • Dot Dot Loans

Dot Dot Loans believes that a poor credit rating doesn’t always tell the full story. Dot Dot credit does not only access your credit score, they also access other factors such as employment status to see if you can meet up with repayment.


Dot Dot offer loans from £100 to £5000 to be repaid over a period of 3 to 48 months, depending on how much you borrow. Their loans for a bad credit history comes with different terms and conditions, which are based on your eligibility status.

  • PM Loans

PM Loans offers poor credit payday loan from £50 – £1,500 over a minimum of 2 months and maximum of 12 months loan tenor. Payment is very fast once your application ia approved, you’ll recieve payment within 15mins.

  • New Horizons Loans

New Horizons offers very poor credit score loan from £50 – £5,000 over a minimum of 3 months and a maximum of 36 months loan tenor.

New horizons receive thousands of loan request daily and they accept at least 92% of all loan applications they process, including those with poor credit scores.

Final Words On Very Bad Credit Loans Direct Lenders

Having a bad credit scores might not be intentional, that’s why there are now lenders willing to offer you very poor credit score loans, and some lender will still consider you even if you have missed payment in the past or a default.


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