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

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best for people with

Bad Credit?

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Personal Loans

The best unsecured loans on the market.

Payday Loans

Payday Loans

Short term loans at their finest and easiest.

Payday Loans

Logbook Loans

Great when you want to change your vehicle.

Payday Loans

Guarantor Loans

A helping hand is always appreciated.

Improving Credit Scores With Bad Credit Direct Lenders

Getting a “yes” from a lender can be difficult and frustrating especially if you’re dealing with a bad credit. Furthermore, the repeated rejections acquired from banks and traditional institutions can result in low self-esteem and humiliation. Therefore, before you decide which loan you’d like to apply for, it’s important to know the necessary things about it and research your options to help you make the best decision in your financial aspect.

For those who are having bad credits, there are still plenty of convenient lending options available with bad credit direct lenders. The majority might think about applying for cash advances or payday loans, however, they should be warned that this type of loan comes with a high cost. Although they are beneficial especially during emergencies, they should only think of it as a last resort. Lenders can provide small, short-term loans or even larger amounts, however, this will require better to good credit score.

How To Avoid Bad Credit

Despite the presence of bad credit direct lenders, borrowers should take note that it is still favourable to have good credit remarks as this is helpful in a number of ways. To improve your financial health, the first step that you should take is by responsibly managing your debt. This will not only help you avoid and decrease your debts but also, it will affect you and your family’s future positively. If you own a property, let’s say, a home, you can use your home’s equity to consolidate your debts and other high-interest items. This will also help you save money. On the other hand, non-homeowners or tenants can consolidate debts in a number of ways such as counselings, negotiating, and of course, through settlement. Meanwhile, you can also improve your financial aspect by creating a realistic budget that you will religiously follow.

As much as possible, administer a rule that will limit the use of credit cards, instead use cash only. In addition, find out your priorities and make sure to include paying loan and credit card balances to it. This may require a tough, strict discipline but sooner or later, you will see promising results. As soon as you know how to manage your finances wisely, you can see your bank balance and credit remarks increase. Over time, you can rebuild your credit history and get another chance that you deserve.

Beware Of Scams

Aside from focusing on financial improvements, you should also learn about protecting yourself from scams and fake bad credit direct lenders. There will always be “fake companies” claiming to be “real bad credit direct lenders” but in the end, you’ll find out that they are nothing but selfish scammers. Therefore, you need to make yourself aware of the possibilities of their attack, and you can start it by taking the time to read scam techniques to conceal their illegal activities. Next, you need to know things such as identity theft, advance fee loan scams, and foreclosure fraud. By knowing these, you will be able to determine the red flags in case you have actually seen them.

See How We Compare to Some of Our Competitors

Loan amount
£100 - £5,000
Loan term
3 - 36 Months
CUSTOMERSCORES
Very fast decisions every time
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Loan amount
£100 - £1,250
Loan term
3 - 12 Months
CUSTOMERSCORES
New and upcoming lender that will go far.
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5 most recent personal loan reviews

Review of Danske Bank

Responsible, Trustworthy and Thorough Boy are they everything I've mentioned in the title. These people have a very thorough process of money lending and repayment from the start to throughout the process on repayment. I'm a guarantor and I'm always told if there are any problems with the repayment. If not, I don't hear from them. They are very professional in the approach of lending money. They will advice a budget plan is completed so you know exactly how much needs repaid. Staff are very friendly and helpful. Things are pretty straight forward with Danske.

Review posted by Justin Browne, Burnley

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

Review of Albemarle Bond

Applying for a loan from Albemarle; the process was very easy, filling a form out online and then phoning Albemarle. A very nice young lady took the call and dealt with the application in a quick and efficient manner, after supplying the relevant information, and having it checked the loan was approved and the money was in the bank within a couple of hours. All in all an excellent company, the staff were very helpful polite and very efficient.

Review posted by Barbara Valkeith, London

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

Review of 3 Month Payday Loans U

Amazingly quick, just 24 hours. They check to make sure you can really afford the repayments. My guarantor wasn't a home owner just had a good credit history. Very pleased with every aspect of the service they have provided. Would definitely recommend to anyone.

Review posted by Tracy Egerton, Rushden

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
For authentic reviews that are entirely unbiased we have sourced all of our above reviews from Trust Pilot.

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% (variable)

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

 

FinanceJar 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.