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Poor or bad credit loans

Secured Loans > Our Loans > Bad Credit Loans

Bad Credit Loans

We know that sometimes getting a loan can be difficult if you have poor credit as a result of financial difficulties in your past. We also know that there are times in life when you need to borrow money – whether your boiler is on the blink, your car needs emergency repairs or perhaps your home is in desperate need of updating.

But if your credit score is bad, you’ll likely find that you have limited options when applying for loans. Luckily for you, that’s where Evolution Money can help.

When you apply for a bad credit loan with us, you can rest assured that, even if you’ve been refused elsewhere, we may be able to help you. With the ability to borrow up to £100,000 with repayments spread over up to 20 years, we could be the answer for which you’ve been looking.

Use our handy loan calculator and take advantage of our free no-obligation quote. Once you’re happy with your quote and ready to get the ball rolling with our online loan for bad credit, you can compete our simple online form or contact us by emailing info@evolutionmoney.co.uk or calling 0161 814 9158.

If you want to find out what other people like you think of our loans – both bad credit and the many other types of loan that we offer – check out some of our reviews.

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How much do you want to borrow? £5,000 to £100,000
For how long? 3 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
Is this a joint application?

What are bad credit loans?

A bad credit loan, as its name suggests, is specifically designed as a loan for a person with a bad credit history. Yet the term ‘bad credit’ tends to be used whenever an individual’s credit score is less than perfect.

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.

Secured loans for bad credit

Been refused a loan due to bad credit? You’re not alone. Trying to get a loan can be a frustrating experience – especially if you have bad credit. But at Evolution Money, we like to say yes.

That’s because we consider more than your credit history. Instead, we focus on you and your unique circumstances. We assess you on a range of criteria to supply a secured loan that best suits your situation – perfect if have poor credit and you’re struggling to get finance.

Contact us today for more information about applying for our bad credit loans. You can also read this case study to learn how we helped Jack to take back control of his finances.

If you're looking to obtain credit, our secured loans can be used for a range of purposes

A debt consolidation loan could help regain control of your finances
Carry out home improvements; a great way to invest back into your property
A wedding-day loan to make a special day memorable
Bigger personal items such as cars can be financed using a secured loan
Take your family on that much-needed holiday

Questions you may have about bad credit loans

Why might I need a bad credit loan?

If you’ve been refused a loan elsewhere or you don’t want to take out a loan with a guarantor, getting a secured bad credit score loan might be the best option for you.

Bad credit loans are ideal for those times when you need a cash injection relatively quickly. This could be for home repairs or even to buy a new car.

What is a credit report?

In order to know if you are trustworthy, banks will want to see evidence that you will make all repayments on time.

To get this evidence, they look at your credit history – a record of all the loans and significant transactions that you’ve made in the past. This record is known as a credit report and is expressed as a number called a credit score.

What makes bad credit?

If you don’t have an established credit history – maybe because you’ve have missed the occasional payment on your credit card, incurred a CCJ, are young, or have migrated to the UK from abroad – the banks will typically think it’s risky to lend you money.

However, even if you do have a credit history but you’ve had trouble in the past repaying a loan or credit-card bill, this will be reflected by a lower credit score. And if you’ve had enough financial trouble that you have a bad credit score – typically a score under 720 – then the banks will still see you as unreliable and you might find it difficult to get a loan.

In the event that you need to borrow money but are seen by lenders as a poor or unreliable ‘bet’, special guaranteed loans for bad credit are a viable option for you.

Am I eligible for a bad credit loan?

To be eligible for a bad credit loan with Evolution Money, you must:

  • Be aged between 21 and 70 years old
  • Be a homeowner
  • Live in the UK
  • Be able to afford the repayments using your regular income.

We’re also happy to offer bad credit loans with no guarantor, meaning that you don’t need to find someone else to back up your application.


What if I've been refused credit elsewhere?

Here at Evolution Money, we like to say yes! We know that recent circumstances have been hard, and that many traditional direct loan lenders for bad credit like banks and building societies have either severely tightened their lending criteria or stopped lending altogether. This is why we take every case on an individual basis.

We don’t just look at your credit history but instead take a more holistic approach, choosing to focus on your current situation rather than your credit history. Even if you have been refused elsewhere because of a less-than-perfect credit rating, we don’t rely on automated credit checks so may be able to offer you a bad credit loan.

Why not contact us today to find out how we can help you?

How much can I borrow with Evolution Money?

Even if you have bad credit, you can borrow money from £5,000 all the way up to £100,000 with our secured loans. Repaid from between 3 and 20 years, these tailored secure loans help you to stay in control of your finances.

How do I apply for a bad credit loan?

We know that applying for an online loan can seem like a long and daunting process. That’s why we’ve made it easy to apply for an online loan with poor credit.

Simply complete our online form and get your no-obligation quote today – or use our handy online loan for bad credit calculator.

Why choose Evolution Money?

We don’t believe that bad credit should be an obstacle for getting the loan you need. In fact, our approach to bad credit guaranteed loans means we’ve already helped thousands of people with adverse credit ratings get access to the loans they need – loans they just couldn’t get anywhere else.

And it’s an approach that means we can help you too.

Our guaranteed loans for bad credit have been designed for customers with adverse or poor credit in mind. Providing you with the ability to set the repayment terms.

As UK-based loan experts, we will assess your current situation and assist you every step of the way with your application.

How long will it take to get my bad credit loan?

If your application is approved, we’ll do everything that we can to get your bad credit loan to you as quickly as possible. The exact timeframe depends on several factors, including how quickly you can supply us with your documents and information.

Can I get a guaranteed loan for bad credit?

Guaranteed loans are loans that you’re guaranteed to get, regardless of your financial situation or history. However, this type of loan isn’t available in the UK – and for good reason.

Credit and affordability checks protect you from taking out a loan that you can’t afford, which could potentially do further damage to your finances.

In the rare event that a lender does offer you a guaranteed loan, then they will likely charge you unusually high interest rates and fees to protect themselves against risk. Make sure that you only take out loans from Financial Conduct Authority-registered lenders. You can see that we’re approved on The Financial Services Register.

Yet even though we can’t promise you a loan for which you’re guaranteed to be approved, we can promise to take your full circumstances into account – not just your bad credit. Simply complete our online form and get a no-obligation quote today.

Apply for a bad credit loan today

Want to know the approximate cost and timescales of your loan? Take a look at our handy loan calculator form to see what your repayments might be on a bad credit loan through Evolution Money.
Give us a quick call on  to talk through your loan needs and get a no-obligation quote from our qualified loan advisor at Evolution Money today.

Want to know the approximate cost and timescales of your loan? Take a look at our handy loan calculator form to see what your repayments might be on a bad credit loan through Evolution Money.

Give us a quick call on 0161 814 9158 to talk through your loan needs and get a no-obligation quote from our qualified loan advisor at Evolution Money today.

Apply for my bad credit loan

Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

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.
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