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Understanding Bad Credit Loans in the UK

Applying for the loans requires some obligations to follow, and the credit score is indeed one of them. Lenders specifically do credit assessment to judge which borrowers are more sincere and which are risky to lend. Having a poor credit history often puts a blot on your financial creditworthiness. However, bad credit loans are purposefully proffered to these individuals, making surviving in tough situation a lot easier.

Mainstream lenders are strict on people with less-than-perfect credit scores. Still, the direct lenders in the UK have shown interests to serve them financial assistance without making the approval procedure tricky. ExtraMile Finance, a true representative of direct lending, is indeed one of those online lenders where applying for loans has never been a cumbersome task.

Any individual with any credit score can pass the eligibility criteria to apply for the loans for poor credit. We vow to provide the funds on the competitive rates of interest and flexible repayment plans, which will help them in overcoming any situations.

ExtraMile Finance Mainstream Lenders
  • ok icon white1Borrow from £1000 to £15000
  • ok icon white1Everything performed online
  • ok icon white1Get easy cash advance with no documentation
  • ok icon white1Pre-approval with no credit check
  • ok icon white1Acceptance on very bad credit scores
  • ok icon white1Updated interest rates
  • ok icon white1Minimum borrowing limit
  • ok icon white1Physical appearance at lender’s office is mandatory
  • ok icon white1Hefty paperwork to obtain loans
  • ok icon white1Hard credit check
  • ok icon white1Least approval chance on very bad credit
  • ok icon white1High interest rates

What are the Salient Features of Bad Credit Loans?

The continuous financial imbalance and late or no payment of the bills or loans causes the bad credit rating for an individual. There is no doubt that a good credit score opens up maximum lending opportunities for the borrowers, but still no lender can give guarantee to it. In the same way, a poor credit score does not guarantee a loan rejection.

We are ready to serve your concern and provide the funding despite some negative points in your financial profile. We approve your loan application and bring approval on instant decision.

Features that make bad credit loans popular among borrowers:

  • ok icon white1Same day fund deposit
  • ok icon white1Online application with easy steps to follow
  • ok icon white1Absence of any hidden charges
  • ok icon white1Early approval through no credit check
  • ok icon white1Flexible borrowing norms

What is the process that I have to follow on Poor Credit Loans?

With ExtraMile Finance, people now have easy access to poor credit loans in the UK. They need an internet connection and all the details ready because submitting the loan application can be done through the online mode. The borrowers only need to follow these easy steps:

  • ok icon white1Log in to our website
  • ok icon white1Start filling the online form with personal details
  • ok icon white1Click on to the ‘submit’ button
  • ok icon white1Wait for the approval

We have been sitting right at the top into the list of direct lenders for bad credit loans. The main reason is the easy repayment terms. Anyone can easily follow the repayments without disturbing the monthly budget, and this is enough to get back on the track of a good credit score too.

Loans for Bad Credit: For Personal & Business Uses

Responsible lending paves the way for many purposes of meeting no matter they are for personal life or your business. The loans for people with a bad credit score are any purpose loans, and you can use them to gain multiple benefits. Before approving your loan application, we do not ask for your purpose because our main concern is your positive approach towards the lending process where repayments can be made on-time.

Poor Credit Loans for Personal Uses: Business Purposes to Solve With Loans for Bad Credit:
  • ok icon white1Consolidate multiple existing debts
  • ok icon white1Enhancement in credit profile
  • ok icon white1Purchasing necessary gadgets or items
  • ok icon white1Dealing with urgent expenses
  • ok icon white1Cutting off education expenses
  • ok icon white1Purchasing new equipments
  • ok icon white1Expanding venture to other cities
  • ok icon white1Investing in new technology
  • ok icon white1Paying employees

Loan Products for People with Poor Financial History

The unevenness into the financial life of the people causes several grim consequences for them. A blemished credit report is one of those consequences that trapped many people living in the UK. Expecting too much from loan marketplace is obvious and private lenders in the UK have done maximum into the favour of the borrowers. ExtraMile Finance is not an exception in this regard. Not just one specialised deal, we have brought our other financial products for individuals carrying a low credit score. Take a look here:

Can I Apply for Loans with Very Bad Credit or CCJ?

Yes, of course. The possibility is always there to borrow funds through very bad credit loans with no guarantor from a direct lender in the UK. Not just that, but we have our lending doors open for people with CCJ (County Court Judgement). However, they may have to bring a guarantor, and they should be employed at the time of applying.

What makes these loans necessary to apply?

  • ok icon white1Always a chance to uplift credit score to bad or fair category
  • ok icon white1No broker is required to find out relevant loan deals
  • ok icon white1Online application same as for people with good or bad credit score
  • ok icon white1Soft credit perusal especially for first-time borrowers
  • ok icon white1Repayments on easy weekly or monthly instalments
  • ok icon white1Securing the loan amount is not compulsory

We are well-prepared and well-committed to offer you the best deal on pre-approved bad credit loans in the UK. Reviving your financial life is our primary goal, but for that, you need to apply and allow us to do so.

how to apply for secured loans

What Should You Consider before Applying for Loans?

During the situation of limited credit score, you should consider these things before starting the application procedure for the loans for people with bad credit:

Interest Rates: Never choose the lender in a hurry; maybe that would prove more costly to you. First, go through the interest rates that the lenders are charging and try to pick only that lender, who can modify the price according to your financial problems.

Repayment Term: If possible, apply for loans only to avail small funds because after all, you can complete the repayments more quickly.

Secured or Unsecured: Decide primarily whether you need a loan based on secured funding or the unsecured. Most people with bad credit prefer unsecured financing because there is no risk involved.

Prospects for your Credit Profile: Analyse comprehensively that the particular loan can enhance your credit profile or not. It is essential to avoid any severe effect on your credit score.

Keep these things into your mind and initiate the application procedure now by applying for the loans with poor credit.


Q Can I get a bad credit loan if I am on benefits?

Yes, you can apply for bad credit loans with ExtraMile Finance even if you are on benefits. We will treat benefits as your income.

As a responsible lender, we will look over your income statement to see if you can afford to pay money back after meeting all of your expenses.

Q Can I call to apply for a bad credit loan?

No, we accept applications online. Go to, fill out the application form and get funds immediately after approval. The entire application procedure hardly takes half an hour because ExtraMile Finance does not ask for too much documents.

QI am self-employed. Can I apply for bad credit loans?

Yes, you can apply for bad credit loans if you are self-employed. Since you do not have consistent cash inflows, we will look over your income statement to determine your repayment capacity. If we feel that you can afford to borrow money, we will transfer funds to your account.

Q Can I pay out a bad credit loan early?

Yes, you can. ExtraMile Finances accepts payments before time. We do not charge prepayment penalty. Likewise, we also help you to extend the payment length if you struggle to pay off the loan provided you inform earlier than the due date.

Q How much can I get with CCJ Loans?

CCJ loans primarily fall into the category of small loans, and thus, you cannot expect substantial funding through them. You can borrow from £1000 to £3000 only to remove the judgement against your name by making timely repayments and fulfilling urgent financial needs.

Q How Much Time CCJ loans take?

Since CCJ loans are the short-term loans, the applying procedure does not take days or weeks to complete. You can apply and get the desired funding on the same day as the application submitted. The process will take hardly 15 minutes and the fund disbursal done within an hour.

Q What if I fail to repay CCJ loans on time?

It will be the worst condition if you do not repay the CCJ loans on time. You already have court’s judgement against your name because you have failed to make scheduled repayments. You cannot make such a mistake again. If you do so, no lender will able to allow you a loan.

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