Your poor credit situation, along with a financial crisis, can trouble you in many ways. First of all, it affects your financial confidence negatively. In such situations, if you do not get timely support, it becomes difficult for you to manage your circumstances. Like you, many people around the UK are victims of financial stress and depression.
Still, the good thing is that in the modern era, many financial products have come into the market that offer practical solutions. Poor credit loans are one of them, and they are available through new-aged direct lending solutions. With these loan products, you can fulfil your temporary or short-term financial requirements. For example, a medical emergency, an unplanned urgent trip, or educational expenses.
Bargainloans offers loans for bad credit through personalised and predictable deals. However, bad credit borrowers get a higher interest rate as it is risky to lend them money. However, due to customised deals, the loan amount and repayment plan are approved based on the borrower's affordability.
If you are struggling with financial issues, stop thinking and apply now without a guarantor and collateral. Whether you apply for a small amount of 3000 pound loans for poor credit or a larger amount of 25000 pounds, only your payback capacity is needed to support the loan request.
Why wait for more? See your loan options - No obligations.
Poor credit loans are short-term loans designed for fund seekers who are struggling with bad credit situations. Often, in such circumstances, it is impossible to get loan approval from mainstream lenders due to stringent lending policies. Hence, fund seekers need a dependable alternative from which they can get loans for poor credit and get back their balance of life.
By making funds available to such people, we inspire a liberal borrowing atmosphere. You can raise funds for any purpose. However, you need to prove a basic repayment capacity. For that, your financial reports for the last six months come under scrutiny.
Your finances should show improvement in your financial behaviour. If you prove credit purchase power through regular earnings, loan approval comes hassle-free. Apart from this, due to the speedy loan procedure, your funds are disbursed on the same day.
This helps you deal with your money crisis in time. Besides, your credit score rises with every timely payment. We report your timely payments to credit reference agencies, thereby showing an impressive increase in your credit score.
You can say loans for people with poor credit history play a dual role. With attained financial stability through these loans, you can receive better deals on all financial products in the near future.
Besides the benefit of getting poor credit loans with no guarantor, keep counting other good things about these loans. This is the reason that people all across the UK choose bad credit loans during their struggle with money crisis. Let's know the advantages these loans offer you in multiple ways.
Access and availability
Credit building and financial improvement
Speed and convenience
Flexible terms and conditions
Security and peace of mind
You can easily get a loan even with a poor credit situation. For that, you have to take care of a few things. Follow some rules before and during applying for a loan. Once the funds are approved, use them as Christmas loans, car repair help, or any other type with no constraint of purpose.
Like any direct lender, Bargainloans is also committed to providing the best lending services to its borrowers. Hence, we never ignore certain essential factors in our services.
Free loan quote through soft check - A bad credit borrower is always anxious due to the fear of hefty instalments. However, this is not the case with individualised loan offers. But knowing whether the instalments are affordable or not helps plan a budget. We provide free loan quotes through soft credit checks. This also does not create a credit search footprint on your financial records. Apart from this, you will learn about the upfront monthly instalment and rate of interest on the loan.
Dispute resolution is simpler - Our borrowers' time is precious to us. Hence, in case of any dispute situation, we resolve it as quickly as possible in the easiest possible way. We offer timely solutions through transparent loan terms, dependable customer service channels, precise record-keeping, and internal dispute resolution policies. This helps make the right decision about borrowing funds.
Option to refinance - If at any time during the loan tenure, you feel that you need to refinance the loan, it is possible. This ensures a reduced debt cost and stable overall finances, downsizing the debt. After all, poor credit loans are specifically designed to support not only during a money crisis but also to improve overall finances. It is an excellent feature that is equally applicable to the benefits of a £1000 loan or any loan amount.
Self-employed can apply - It is often believed that it is difficult for self-employed people to get funds due to their poor credit situation. However, we easily approve funds for self-employed people based on their repayment capacity. By showing a regular earning and dependable debt-to-income ratio, you can easily avail of a loan for any purpose. No discrimination based on employment status.
Clear and transparent loan terms - A bad credit borrower goes through many kinds of confusion and financial hassles. This is why, through clear and transparent loan terms, we act as a dependable place. Through this, we offer you a better borrowing experience by strengthening the mutual trust between you and us. Also, we never stun you with a hidden fee.
Avail while living on benefits - Who says you cannot get a loan approval while living on government financial help? We offer you a bad credit loan on benefits with the same condition of payback capacity. As long as you have proof to pay funds at the right time, it is always possible to borrow money. Use the money to pay your bills and manage expenses. Just make sure you pay instalments timely.
Do not let a poor credit situation or money crisis take charge of your financial life. It is time to take control and make better decisions about your finances for a better future. A bad credit rating is just a temporary condition that can be fixed using poor credit loans. These are the supportive loan products that help regain financial and mental peace. Say goodbye to a money crisis along with a bad credit situation.
The lender performs a hard credit check to approve a loan application. Hence, your credit rating is slightly affected. However, if you apply for the same loan from multiple lenders, your credit rating can be lowered rapidly. This is also not considered a healthy practice for loan application approval. Therefore, after comparing lenders, you should apply to only one loan company.
To apply for loans for bad credit, you have to provide basic financial and personal details. These details are required to confirm your repayment capacity and your authenticity as a citizen. These documents are income proof, employment proof, bank statement and identification proof. In a poor credit situation, your payment record for the past six months becomes very important.
Even in an unemployment situation, you can apply for poor credit loans. However, for that, you must have an alternative source of regular income, for example, unemployment benefits or pension. In that situation, you can prove your basic repayment capacity and can apply for a loan. This helps you get approval easily even if you apply for a bad credit loan on benefits. Apply today and experience it.
A credit check is an essential step in the loan process. Approving funds to anyone without a thorough credit search is against lending ethics. Therefore, performing a credit check is a legal obligation for lenders, but it has its benefits. A credit check helps the loan company get accurate information about your financial history. This allows them to offer a customised deal according to your repayment capacity.
Loans for bad credit help a lot in improving your credit rating. If you pay instalments on time, then your credit rating improves with every timely repayment. Lenders report your payment behaviour to credit reference agencies. Therefore, loans for bad credit help improve credit scores easily and quickly. If you are planning to get funds for any purpose, make sure you repay on time.