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Short Term Loans For Bad Credit

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Bad Credit Accepted
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Borrow a Loan From £100 – £5,000*

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Rates from 12.9% APR to 1625.5% APR. The Minimum Loan Term is 1 month. Maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Total amount repayable is: £1564.59. Interest amounts to £564.59, annual interest rate of 59.97%. Representative APR: 79.5% (variable).

WARNING: Late repayment can cause serious money problems. For help, visit moneyhelper. LoanBird are a licenced credit broker, not a lender. LoanBird does not make credit decisions.

Apply for Quick and Short Term Loans Today!

Step 1
Application
Firstly, select the loan amount you want and how long you would like to borrow it for.
Step 2
Decision
Once you’ve submitted all your information, you will receive a fast decision. We'll show you your options from our panel of direct lenders – review and choose the offer that suits your needs!
Step 3
Cash
Finally, once you have accepted the loan, the lender will send the cash straight to your bank account. Most customers receive the cash on the same day, within 60 minutes.

If you require a short term loan but have a less-than-perfect credit history, we’re here to help. With our FREE to use online service, we can match you with 30+ FCA-authorised lenders from our panel who understand that unforeseen expenses can happen to anyone. Here at LoanBird, our service connects you fast with lenders who consider your current financial situation rather than just your credit history. Even if you’ve faced rejections in the past from other lenders, we can quickly match you to the loan you need and offer flexible, affordable repayments for up to 36 months.

With short term loans for bad credit tailored to your unique circumstances, you can find the financial support you need and choose from multiple offers from our specialist lenders. Get a quote today, and If approved, you can receive the cash the same day where possible.

Minimum Loan Term is 1 month. Maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Total amount repayable is: £1564.59. Interest amounts to £564.59, annual interest rate of 59.97%. Representative APR: 79.5% (variable).

It won’t affect your credit score

LoanBird’s Short Term Loans Service

LoanBird is your hassle-free solution for finding the best deals on short term loans with only soft credit checks (direct lenders will conduct full credit checks when you choose the loan for you). As a fully licensed broker in the UK, we work with over 30 top direct lenders to provide you with the most competitive rates. Plus, our service is completely free!

Short term loans are a popular type of loan for quickly borrowing cash that you can repay within a brief period. Short term loans from a UK direct lender will typically be up to £5,000 with repayment terms ranging from 1 month to 36 months, although the loan amount and terms may vary by lender and eligibility. These loans are perfect if you need a quick 1-month loan from a direct lender to tide you over until your next payday.

Our lenders’ short term loans are unsecured, which means you don’t need collateral or a guarantor to secure them. However, you may face a higher interest rate, but it’s still possible to get approved.

Our website allows you to quickly and easily compare multiple lenders and find the best options for your circumstances. We offer a wide variety of options and can help those who may struggle to get approved elsewhere.

Save time and money by using LoanBird to match you with the top short term loan providers in the UK. Apply Now and let us help you get the funds you need!

LoanBird stating it can search multiple short term loans for customers.

What Are Bad Credit Short Term Loans?

Bad credit short term loans are designed specifically for those who have a poor credit history. They can provide quick financial assistance when you need it in the short term, which can be essential for those who find it difficult to obtain credit from traditional lenders and need cash quickly, up to a maximum of £5,000.

What makes short term loans for bad credit ideal is that they provide much-needed flexibility and accessibility. They can help people who have encountered financial setbacks in the past that have negatively impacted their credit scores, such as late payments, defaults, CCJs or bankruptcy.

Unlike standard loans, bad credit short term loans are open to those with a low credit score, focusing more on your current ability to manage and repay the loan. This makes them an ideal solution to help with urgent financial needs, allowing you to cover unexpected expenses or bridge gaps between paydays without a long-term loan commitment.

Our lenders’ short term loans for bad credit are unsecured, which means you don’t need collateral or a guarantor to secure them. However, you may face a higher interest rate, but it’s still possible to get approved. If you can afford the repayments you need on bad credit loans over a short repayment term between 1 – 36 months, we can show you which of our panel of lenders can help.

Save time and money by using our FREE platform today to match with short term loans bad credit lenders in the UK. Apply Now and let us help you get the funds you need.

an infographic of how short term loan lenders assess your credit

Different Types of Short Term Loans for Bad Credit

Here at LoanBird, you can quickly and easily compare multiple lenders and find the best options for your circumstances. We offer a wide variety of options and can help those who may struggle to get approved elsewhere.

Payday Loans – These are typically small, unsecured loans designed to cover your expenses until your next payday. The amount you can borrow when applying for payday loans with bad credit will vary between lenders but is usually smaller than other types of loans, making them ideal for immediate, short-term financial needs. Due to their higher interest rates and short repayment terms, they should only be used when you really need them.

Emergency Loans  – Emergency loans for bad credit offer quick cash for sudden, unforeseen expenses such as car repairs or emergency bills you don’t have the cash or savings to cover. These loans can provide fast financial help when you need it, helping you get the cash you need on the same day as approval. We can help you find lenders willing to loan between £100 – £5,000 in an emergency situation.

Instalment Loans – These loans allow you to repay over a set period of months in fixed monthly instalments, up to a maximum of 36 months. Instalment loans with bad credit are suitable for those needing a larger amount up to £5,000 and more time to pay back, providing a manageable repayment schedule.

Each of these types of short term loans for bad credit can provide specific help in different situations. So, whether you need help until your next salary date, require emergency cash to cover an unexpected bill, or are looking for a short-term instalment loan for a few months, you can find the help you need at LoanBird.

Can I Get Short Term Loans With Bad Credit?

The straightforward answer is yes, you can obtain short term loans even with bad credit. At Loan Bird, we understand that a low credit score doesn’t tell the whole story of your finances, meaning we focus on your current financial situation rather than solely on your credit history.

We work with a diverse panel of lenders who specialise in bad credit short term loans, enhancing your chances of approval. These lenders are equipped to offer various loan options that cater to different needs, ensuring that financial assistance is accessible even to those who have previously faced difficulties securing loans due to their credit scores.

It’s important to remember that while the chances of approval are higher, responsible borrowing is crucial. We encourage you to assess your financial situation carefully to ensure you can meet the repayment terms without further compromising your financial stability.

Minimum Loan Term is 1 month. Maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Total amount repayable is: £1564.59. Interest amounts to £564.59, annual interest rate of 59.97%. Representative APR: 79.5% (variable).

It won’t affect your credit score

How To Apply For Short Term Loans With Bad Credit

To be eligible for short term loans for bad credit, you need to meet our eligibility criteria:

  • Be at least 18 years old.
  • Be a resident of the UK.
  • Hold a valid UK bank account in your name.
  • Have a monthly income (from full or part-time employment, self-employment, or other sources).

When you apply for a bad credit short term loan through LoanBird, you’ll be asked to provide proof of your identity, as well as your phone number and email address. Your contact information will only be used by the lender you select to process your loan application.

We’ll also ask about your employment status and monthly income to ensure that you can afford the repayments on your short term loan. Our goal is to recommend offers from short term loans bad credit lenders that will help you meet your financial needs without causing further difficulties.

At LoanBird, we only perform a single soft search to match you with the best short term loans for bad credit for your circumstances, which doesn’t affect your credit report. However, it’s important to note that your chosen lender will still need to run a ‘hard search’ credit check before fully approving your loan. Beware of any lender who claims to offer short term loans with no credit check, as this is against FCA guidelines and could be fraudulent.

Once we have your completed application form stating the loan amount (up to £5,000) and repayment term (1-36 months) you want, we’ll process your application and give you an immediate decision, showing you the lenders from our panel who can help. Simply review your lender offers, and if there is one you want to continue with, you can finish your application with your chosen lender. Once you have accepted the loan agreement, the funds will be transferred to your bank account on the same day.

what do short term loans UK have to offer

How Quickly Will I Receive My Bad Credit Short Term Loan

Our panel of lenders will work quickly once they have your details. If all is approved and you’ve accepted the terms on the bad credit short term loan, this will be processed fast the same day so that you can receive the funds within 60 minutes of signing on average. We’re pleased to say that all of our approved applicants can receive the cash they need quickly to resolve their short term position.

How Do Repayments Work?

You have full flexibility to choose repayments that work best for you, with terms between 1 – 36 months available. Although the repayments may vary slightly between lenders, usually you will be able to set up a direct debit or Continuous Payment Authority (CPA) to repay your short term loan once agreed.

This can be ideal because it means you can’t default on the loan simply because you’ve forgotten to make a payment that month. As long as the funds are available before the payment date, this will automatically be taken. What’s more, the instalments will be fixed each month, so it’s easy for you to plan your budget around them.

Short term loans for bad credit in the UK are subject to price caps set by the FCA. Our FCA-approved lenders ensure that you never pay more than:

  • 8% of the remaining balance per day.
  • 100% of the original loan amount in interest.
  • £15 in default fees, whether you miss one repayment or more.

Ready to find affordable short term loans for bad credit and see your lender offers? It’s easy to get started, and if you have any questions, please contact us.

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Apply for the Best Short Term Loans Online Today

Discover great deals on short term loans without a credit check affecting your file using LoanBird’s fast and straightforward loan search tool today. Our goal is to ensure your satisfaction with your choice, so please don’t hesitate to contact us if you need assistance.

Ready to apply for the best short term loans in the UK? It’s easy! Just submit your free application with LoanBird and get started.

Minimum Loan Term is 1 month. Maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Total amount repayable is: £1564.59. Interest amounts to £564.59, annual interest rate of 59.97%. Representative APR: 79.5% (variable).

It won’t affect your credit score

Short Term Loan FAQs

We have a track record of happy customers because we pride ourselves on quickly matching our applicants with the best short term loans for bad credit to fit their specific needs. Our fast and FREE service is not only convenient but also provides fully tailored loans to anyone who uses it. Using our service, we can ensure that our applicants find a loan that suits their requirements and provides affordable, flexible repayments.

Typically, the short term loans offered through LoanBird come with fixed interest rates. This means that the repayment rates will remain the same throughout the loan term, making it easier for you to budget. However, we recommend that you check the interest rates, repayment dates, and amounts with your chosen lender thoroughly before signing your short term loan agreement.

LoanBird is not a short term loans direct lender. Instead, we help you find the best match among our panel of fully authorised and FCA-regulated lenders who are able to offer direct short term loans. We do not make any decisions when it comes to lending, and each lender is responsible for making their own judgments when it comes to approving applications.

As a broker, LoanBird carries out ‘soft search’ credit checks to show you your lender offers, which do not affect your credit score or leave a record on your credit report. Our service matches you with the best direct lenders of short term loans who will carry out a credit check. Direct lenders are required to run a ‘hard search’ credit check when you apply, which can impact your credit report. Lenders that offer short term loans with no credit check are operating outside of FCA responsible lending guidelines and should not be used, as there is a risk of fraud and no protection from FCA price caps.

It’s important to protect yourself and your money by avoiding scams when taking out short term payday loans. LoanBird will never pressure you into taking out a loan, and we only work with fully authorized and regulated lenders. To ensure your safety, check that you are on a secure site by looking for a padlock symbol in the address bar of your browser. Be wary of any company that asks for fees or money upfront, as neither LoanBird nor any of the short term loans direct lenders we work with will ever ask for money upfront.

The repayment terms for your direct lender short term loan will depend on the information you provide during your application. Most UK lenders of short term loans will align your repayment dates with your regular pay date and use a Continuous Payment Authority (CPA) to collect repayments. However, some lenders may allow you to make repayments directly. We suggest that you confirm the repayment method with your lender before accepting the loan.

You have a 2-week loan cooling-off period for all types of credit, including short term loans for bad credit in the UK, from the date you sign your loan agreement. During this 2-week loan period, you can cancel your loan and repay the amount borrowed along with any interest that has accrued up to the cancellation date. If your financial circumstances change, you can always seek independent financial advice from organisations such as Citizens Advice or Money Helper, and speak with your lender directly.

Short Term Loan Related Information:

Minimum Loan Term is 1 month. Maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Total amount repayable is: £1564.59. Interest amounts to £564.59, annual interest rate of 59.97%. Representative APR: 79.5% (variable).

It won’t affect your credit score

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