Poor Credit Loan

Poor Credit Loan

Are you looking for a poor credit loan because you have a poor credit rating? If so, a credit union loan could be an option for you. We will not automatically bar you from getting a loan based on your credit score.

We understand that past debts and missed payments may have contributed to bad credit history. This can count against you, but at the credit union, we look at other factors too.

We are a responsible lender, whilst not all loan applications are accepted, we will consider each one individually.

Alongside credit history, we will look at your income and expenses. We will only agree a loan if the borrowing repayments are affordable to you.

We also encourage our members to commit to saving. If you join the credit union and save regularly it will increase your chances of being accepted for a loan. Paying back a credit union loan on schedule can improve your credit score.

Why not try our loan calculator to see how much you can afford to borrow? Or read about our loans to see what sort of information we request from applicants.

Or see below for an example of how much you could save with a credit union loan compared to other lenders.

Borrow £800 and repay over a year in 12 monthly instalments

*Based on loan rates promoted on lender websites on 18th April 2019

If you want advice about money or are concerned about debts there is free and independent advice available. Visit StepChange Debt Charity or the Money Advice Service for impartial support.