Poor Credit Loan

Poor Credit Loan

Bad credit rating? A credit union loan could help you. We look beyond your credit score. A poor credit loan can support people who struggle to access mainstream finance.

If your poor credit history prevents you from getting a loan at one of the big banks, but you want to avoid high-cost online lenders and payday loans companies, apply for a credit union loan.

Applying for a credit union loan is simple and we will give you a quick decision.

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 to 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.

Try our loan calculator to see how much you can afford to borrow?

Read about our loans to see what sort of information we request from applicants.


What you save with a credit union loan compared to high-cost 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.