Bad Credit Loans

What are the implications of bad credit and how can we help?

Speedy payment

Small loans can be sent today.

No obligation quote

Instant quote with a soft search and no fees.

1000's of people helped

Over 7500+ no-obligation quotes processed daily!

Here at Sunny, we understand that for many people bad credit can sometimes be unavoidable and so we are here to offer a helping hand when you need it. Our articles cover everything from what you can do to improve your credit score to improve your chances of borrowing money to what type of loan you can apply for with bad credit.

If you have bad credit and want to learn more about how to deal with it or what you can borrow while managing your finances, we have a wide range of helpful guides.

We believe that everyone should be able to access free guidance on bad credit and how to manage their money no matter their circumstances. Our guides cover three key areas, these include: general bad credit information, getting a loan with bad credit and getting by with bad credit.

What is a bad credit loan?

A bad credit loan is for those who have a low credit score or a poor credit history. When we talk about bad credit loans, we mean loans that are designed for people who have perhaps been turned away for a personal loan by their bank or other high street lenders.

This may be because they’ve missed payments on credit agreements they’ve had in the past and so need to rebuild their credit history, or because they simply don’t have enough credit history for the banks to feel comfortable extending credit to them.

It is possible to have bad credit but good income – you may earn a substantial amount of money, but are held back by your lack of credit history or past difficulties.

Bad credit loans can be a great option for those who and aren’t yet eligible for a personal loan from a mainstream lender but still need to borrow money. If this sounds like you, read on to find out more. In this guide, we take a look at how bad credit loans work, and what you can do to improve your chances of getting a loan.

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

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

Poor credit loans information hub

Want to know more about this loan type? We’ve answered some of the most common questions to help you make the right decision. If you have other questions before you submit your application online, our customer support team are also on hand to help.

  • This type of loan is for those who have a low credit score or a poor credit history. You can find out your score by signing up to a credit reference agency such as Experian or Equifax.

  • Limited credit history is when you have no evidence of making credit repayments, this can be just as damaging as a low credit score and may restrict you from even taking on a bad credit loan.

  • These loan types can save the day with life’s little emergencies and may be the only option for those with a low credit score.

  • This can be the result of late or missed repayments on a loan, credit card, mortgage or other credit agreement or having high levels of existing credit in your name.

  • Yes, lenders want to help you make the best financial decisions for you, so when you make a loan application, lenders take care to carry out a credit check as part of their review process. They undertake an affordability assessment to ensure they only lend to those who can demonstrate they will be able to afford to repay their loan on time, and the credit check ensures they avoid lending to those who may find repaying a loan difficult.

  • Taking on small amounts of credit and proving that you can make repayments on time and in full can help you boost your score. Enrolling on the electoral register can also help.

  • Yes, once your application is received we confirm whether you have been accepted or not – this will be on the same day. Once you’ve been approved the money could be in your account on the same day#

    – ready to cover you when you really need it.

  • Not necessarily. Bad credit loans don’t usually require a guarantor. You can solely apply and receive your cash without the fuss.

More Information about Bad Credit Loans

These loans are there for those moments where you need a little cash now, but your credit score is preventing you from taking out a personal loan from your bank or another credit provider. Whether the washing machine is on its last legs, the car’s broken down or the boiler is on the blink, one of these loans can support you and ensure you can get the job done straight away. That’s life support.

It’s important to bear in mind that you will pay a higher interest rate on a bad credit loan.

Once it has been paid, though, the lender will report to the Credit Reference Agencies that you have repaid in full and on time, and this will be reflected on your credit report. This should stand you in good stead for future credit needs.

Lenders offer loans designed to help you on a short-term basis. These loans are not recommended as a solution to a long-term financial problem and we advise that you seek expert financial advice before applying.

Apply Now

Eligibility for bad credit loans

To apply for a bad credit loan in the UK, you must meet a number of criteria. For example, you will need to be at least 18 years of age and a resident of the UK. You must also not be bankrupt, and be able to show you have a steady income and access to a bank account. Remember, you will also undergo a credit and affordability check as part of your application for a bad credit loan.

Check EligibilityGet an Instant Quote

How a Sunny loan can help

Here at Sunny, our aim is to help you tackle unexpected expenses quickly so that you can get back to the important things in life. That’s why we believe bad credit loans may be the best choice for those who need credit now, and have been turned away by their bank or other credit providers. When you apply through Sunny, you also enjoy the following benefits.

Get the quick loan you need, in minutes

Apply for a loan and receive an instant decision, even with bad credit. You could receive your cash today#.

We never charge fees

You don’t need to worry about those extra fees. There are absolutely no application fees and no admin fees.

Save on interest if you repay early

With most loan providers, you can pay early and save on interest. Plus, it’s easy to manage your account online to stay on top of your upcoming payments, and even pay a bit extra or early.

Got everything you need?

Feel like you have a good understanding of how bad credit can affect your loan application? If you feel confident you will be accepted, then hit the apply now button below and receive an instant decision. If a lender approves your loan, you could have the money in your account today#.

Apply today

Representative 89% APR