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Representative 305.9% APR. Representative example: £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% pa (variable)
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. moneybolt Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd. for the purposes of obtaining a loan. LoanLoad does not provide any loan or consumer credit products directly.

Unsecured Loans

Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.
Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Why people choose us

Low Representative APR

APR takes into account the amount of interest that will be charged to you for borrowing a certain amount of money.

Fair, Fixed Interest Rates

We won’t try and fool you by luring you in on a low-interest rate only for it to change later.

Potential to Payoff Your Loan Early

Some lenders and brokers arrange loans with flexibility at the centre of what they do.

We can Arrange Loans up to £25,000

Apply today and the loan you are looking for could be arranged by our lenders or brokers within a few minutes.

5 solid tips to obtain poor credit loans in the UK

With a tough economy and an unstable market, it’s not at all difficult to suffer from bad credit in the UK. And when you are someone who has a problematic credit history, obtaining a loan seems like an impossible to succeed on. Luckily, there are poor credit loans in the country that can help you obtain the financing that you need despite your adverse credit rating.

Poor Credit Loans in the UK

Banks, credit unions, and other traditional financing institutions tend to shy away from borrowers who have poor credit histories. These are individuals whose credit cards have been closed because they failed to pay back their balances or those who have mismanaged debt in the past.

While the borrower certainly has the option to hide any in information pertaining to their past credit failures when they apply for a loan, banks and other lending companies will still be able to discover an applicant‘s credit history with ease They can go about this through a method known as credit check wherein they will uncover a person’s financial history through a simple click of the mouse. Once they realize that a certain applicant’s credit history is full of negative marks and red flags, a rejection is almost always automatic.

facts on poor credit loans

If you are someone who has a problematic credit history, you can follow these 5 proven tips to obtain poor credit loans in the UK.

1.) Offer collateral

The easiest and most effective way to obtain poor credit loans in the UK is through the use of collateral. All you need to do is show the lender legal documents that will prove your ownership of certain assets like a property or vehicle. The asset which will serve as security in your loan deal is known as collateral and its presence will help you access large amounts of credit for long repayment periods and competitively low interest rates even if you have an adverse credit rating.

Bear in mind however, that when you apply for poor credit loans that have collateral, you will need to pay back the loan according to the agreed terms and conditions. If you don’t, the lender has the legal power to size the collateral and sell it to recover the money that it lost.

The type of financing is the best way to mitigate a bad credit rating although it does have its own risk. It would be wise to opt with poor credit loans with collateral only if you are 100% sure that you have the financial capacity to pay back the money that you owe.

2.) Provide a guarantor

This is also an effective tip that you can use to obtain poor credit loans with adequate borrowing amounts and flexible borrowing terms. The process works with you, the primary borrower, finding a suitable guarantor who will co-sign the loan agreement for you. The guarantor must be someone who holds a solid credit rating and a reliable source of income and must not also be financially linked to you e.g. a spouse. This is because the guarantor will be the one to cover the loan’s repayments in the event that you are unable to.

Obviously, you will need to hold a close relationship with your guarantor so he or she will agree to carry its serious responsibilities. It also has the potential to damage the relationship that you share with the person if you fail to keep up with your payment duties.

3.) Deal with your past credit issues

If you can’t source out a guarantor or secure collateral to give you the best chances of obtaining poor credit loans in the UK, dealing with your past credit problems is the only way to enjoy a greater chance of getting approved for funding. There is simply no way around it.

You can consider asking your lender to construct a new payment term that would be suitable to your present needs and circumstances. This way, it would be easier for you to settle your past and existing debts. If you manage to resolve this, then obtaining poor credit loans and other financing options would be a whole lot easier in the future.

4.) Seek out online lenders

Banks, credit unions, and other traditional financing institutions might not be the ideal places to shop for poor credit loans. After all, conventional lenders are quite stringent when it comes to lending money to applicants and they will always favour those that have strong credit ratings.

With that being said, the best place to shop around for poor credit loans in the UK is through online lenders. These new, alternative lenders are willing and able to provide financing to people who have had credit issues in the past. In fact, there is almost every kind of financing option and solution that you can enjoy from online lenders regardless of your qualifications. Whether you are unemployed, have bad credit, or even both, there is always an online lender with its own loan package that will cater your need.

5.) Weigh your options carefully

If you scour the web for potential online lenders and poor credit loans, always focus your search on the ones that provide the best deals. Make sure that the kind of loan deal you are applying for provides:

The best available terms that is perfectly suited to your needs and present circumstances

The lowest APR so you can enjoy the least possible cost

Easy qualifications so it would be easier for you to get approved

Normally, poor credit loans tend to have higher interest rates than other forms of credit especially those offered by banks and credit unions. However, it may only be the financing options you can consider if you are someone who has bad credit.

Try to consider unemployed loans as a viable means for you to enjoy the kind of funding that you are looking for and an opportunity to rebuild your credit rating as well. So long as you manage to make the proper repayments on time, it will help you obtain a much more favourable credit standing that will allow you to access other loan financial products in the future.

obtaining poor credit loans today



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You will need to be over 18 and a UK resident with a valid UK address. You must also have a monthly income (from benefits or a job) and a UK bank account.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

3 most recent personal loan reviews

Review of Avant

The online application is fast and efficient! I was hesitant about "linking in" to my online bank account......However this made the whole application process far quicker! I can honestly recommend Avant - especially if you are worried about being judged on any previous credit history problems......Avant didn't do that! Just a thorough and fair service with good APR.

Review posted by Trevor Donahue, Derry

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

Review of Lending Works

Seamless and fluent from application to funds available. Outstanding rate, not match-able anywhere! I can't recommend any higher! Thank you, greatly appreciated and very happy customer.

Review posted by Mark Phillips, Portchester

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

Review of Zopa

I do have to say one of the best loan sites i have come across, they make everything so easy, with not very good credit history i did't think i had a chance but they accepted me and i can get my life back on track. Thank you again amigo loans.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.


MONEYBOLT IS A CREDIT BROKER AND NOT A LENDER. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.

YOU MUST MAKE ALL AGREED PAYMENTS TO AVOID LEGAL ACTION. If for any reason you will be unable to pay the agreed instalment then contact us immediately. Do not ignore the issue as a default payment will not solve itself.

NEVER BORROW MORE THAN YOU CAN AFFORD. Defaulting on payments can lead to serious and life changing financial issues. Make sure you only accept an agreement that is within your ability to repay.

MoneyBolt.co.uk is a registered trading style of Serpable Ltd, which is an Introducer Appointed Representative of Quint Group Limited and is entered on the financial services register under the reference number 780328. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Serpable Ltd is registered in England and Wales (Company number: 10699069), Registered Office, 17 Collingbourne Avenue, Bournemouth, Dorset. BH6 5QR.

Scam Alert – Beware of impersonators, we will NEVER EVER ask for upfront payments, transfer fees or vouchers to guarantee a loan