36.48% APRC Typical Variable

Typical Example: Loan Amount: £5,000, Loan Term: 72 Months, Monthly Repayments: £155.33, Total Amount Repayable: £11,183.76. This example includes a fee of £900 (18%). Read about our Rates and Fees.

Maximum APRC:  98.67%. Max rate figure is based on loan amount applied for, loan term and personal circumstances of applicant. Repayment periods: Secured loans: minimum 1 year – maximum 15 years.  We do not offer loans which require full repayment within 60 days or less.

THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING, YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
General Enquiries 0161 814 9158   New Applications 0161 814 9291
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If you're a homeowner with bad credit, we could help

A secured loan for bad credit ratings

Home > Our Loans > Bad Credit Loans

Understanding bad credit loans

A bad credit loan, as its name suggests, is a loan specifically designed for people with a poor credit history.

This could be the result of missing repayments such as for a credit card, phone contract or mortgage. The term “bad credit” tends to be used when an individual’s credit is less than perfect, but it’s important to understand that your credit report is quantified using a numerical value. In order to know if you are trustworthy, banks will want to see evidence that you will make all repayments on time, without a credit history this information isn’t available to them.

We understand how easy it is to find yourself with a poor credit rating. Maybe you have missed the occasional payment on your credit card or store card, perhaps you haven’t always paid your mobile phone bill on time, or you’ve taken out an unsecured loan you couldn’t quite afford and incurred a CCJ.

Before you know it, your credit rating is adversely affected, which can get in the way of you obtaining a secured loan, car finance, or even a mortgage.

We understand that having bad credit caused by CCJs, missed payments and other defaults are not always the fault of the customer, and that recovering from that can be time-consuming and frustrating.

Our approach is to look at customers as individuals and not just figures on a computer screen. We listen to personal situations when it comes to providing secured loans for people with bad credit, and strive to identify where we could possibly make a difference.

Bad credit loans with Evolution Money

Here at Evolution Money, we pride ourselves on our customer focus and putting your best interests first.

We treat each and every case with respect and attention, making sure that we look at your complete financial situation before coming to a decision. Even if you have been refused elsewhere because of a less-than-perfect credit rating, we don’t rely on automated credit checks so you may stand a better chance of receiving a bad credit loan with us.

We view bad credit ratings as a problem to be solved, not an obstacle. It’s an approach that has already helped thousands of people with an adverse credit rating get access to the loans they need, loans that they just couldn’t get anywhere else. And it’s an approach that could help you too.

  • Designed with customers with adverse or poor credit in mind
  • Borrow from as little as £1,000 and go all the way up to £20,000 for people with poor credit
  • Repay your bad credit loan from between 1 and 10 years
  • 36.48% APRC Typical Variable
  • UK based loan experts and personal account managers will assess your situation, and assist you every step of the way of your application

Qualifying for a bad credit loan?

In order to apply for a bad credit loan through Evolution Money, you must fit our criteria:

  • Aged 18-68
  • A homeowner occupier
  • Live in the UK
  • Be able to afford the repayments comfortably from normal income

Our loans for people with bad credit range from as little as £1,000 and go all the way up to £20,000. Furthermore, you can spread your loan repayments over 12 months or even up to 15 years.

Take a look at our handy loan calculator to see what your repayments might be on a bad credit secured loan through Evolution Money.

Or, give us a quick call on 0800 138 7181 to talk through your credit needs and get a quote from an Evolution Money personal account manager today.

Apply for a Bad Credit Loan
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 357 ratings. 357 user reviews. Read our reviews

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Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

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Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

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