Urgent Loans – Don’t Let Bad Credit Slow You Down

Spending emergencies won’t wait for your next payday. They arrive without warning and demand your immediate attention. If you’re lucky you have a nest egg you can tap into to help smooth over any sudden financial bumps in the road. But if you don’t have an emergency fund to fall back on you may need some help making ends meet. In short, you may need an urgent loan to cover the unexpected funding crisis.

If you have an adverse credit history you may be thinking that any loan is out of your reach. But bad credit, or even no credit at all, shouldn’t be a barrier to accessing the funds you need in an emergency. At Bad Credit Loans we help borrowers with less than stellar credit scores find the cash they need when they need it. If you’re currently facing down a financial shortfall we may be able to help you bridge the pay cheque gap so you can take care of your spending emergency.

The Importance of Your Credit Rating

Your credit rating is a record or your borrowing history. It’s used to assess your creditworthiness as a borrower. It can also be used to determine your ability to qualify for loans and other finance products. Poor credit history can adversely impact your ability to secure both long term funding and short term emergency loans.

A poor credit score can be caused by a variety of factors. For example, if you’ve never borrowed money before, and have no real credit history on record, lenders may be wary of underwriting your loan because they have no way of judging your risk as a borrower. They have no evidence to prove that you can keep up with payments. The lack of a credit score itself can result in a poor credit rating.

More often than not, however, a bad credit rating is the result of a series of financial setbacks. A history of late payments or exceeding your credit limit can be a mark against you. County court judgements and bankruptcies will also adversely impact your credit rating.

Urgent Loans for Bad Credit Borrowers

Urgent loans are designed to address the borrower’s immediate funding needs. Not unlike instant loans and payday loans these products provide customers with immediate access to the cash they need to cover spending emergencies. Urgent loans for bad credit borrowers are more flexible than traditional bank loans, offering customers a straightforward funding process with a short repayment period.

These short term loans offer limited funds with short repayment periods. Cash is typically accessible within hours of approval allowing borrowers to quickly and effectively handle many minor financial emergencies.
Unlike traditional bank loans funds made available through urgent loans can be used to cover a variety of spending emergencies, including:

  • Car repairs
  • Emergency home repairs
  • Emergency plumbing fees
  • Medical fees
  • Unexpected travel expenses
  • Unexpected bill repayments

How much would you like to borrow?

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum loan length is 1 month. Maximum loan length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

The Advantages of Urgent Loans in an Emergency

Traditional lenders offer a variety of personal loan options designed to provide long-term loans for qualified applicants. These finance products help consumers to make major purchases such as homes and cars. These types of loan products provide for most conventional finance needs.

Alternative lending resources, including urgent loans and payday loans, are designed to offer consumers short-term financing in a hurry. Urgent loans help borrowers to meet immediate financial needs without resorting to credit cards or traditional bank loans.
Urgent loans for borrowers with poor credit offer some valuable advantages over traditional lending options:

  • Easy Application Process – Emergencies require quick action. At Bad Credit Loans you can apply online in a matter of minutes.
  • Rapid Approval – Spending emergencies won’t allow you to wait around for an answer to your loan request. At Bad Credit Loans you will receive a speedy answer to your urgent loan request, granting you fast access to the cash you need when you need it.
  • Quick Turnaround for Approved Borrowers – When time is of the essence you can’t wait for your cash to go through endless channels. At Bad Credit Loans approved loans are processed in a timely fashion and funds are transferred directly to your current account without needless delays.
  • Flexible Spending – Urgent loans carry no restrictions on spending. Your money can be used to address any immediate financial concerns.
  • Easy and Affordable Repayment Terms – Your repayment schedule will naturally depend upon the size of your loan and the lender’s requirements. At Bad Credit Loans terms are clear and easy to understand making it easier for borrowers to budget for their loans.

Are Urgent Loans for Bad Credit Borrowers Expensive?

Unfortunately, borrowers with troubled credit histories are technically considered to be high risk customers. In order to agree to any loan, even urgent loans with limited cash payouts, lenders will need to charge more for their products. Urgent loans for customers with bad credit will almost always feature higher interest rates and attendant charges than loans for borrowers with a strong credit score.

However, urgent loans for people with bad credit fill a vital finance need for UK residents facing unexpected spending emergencies. They allow people to effectively manage sudden expenses without unnecessary delays. They can also help borrowers with troubled credit histories to improve their scores by repaying their loan in a timely manner.

What to Consider Before Applying for an Urgent Loan

Like any loan product, urgent loans for people with bad credit require prompt repayment. These short-term loans may involve relatively small sums of money but that doesn’t mean the same rules of lending and borrowing won’t apply.
Before committing to any loan agreement it is important to understand what your responsibilities as a borrower include. Consider the following points of concern before you accept any loan however small it may be:

  • Affordability – Regardless of loan amount you must repay that loan on time and in full. Lenders offering urgent loans will consider your general income, as well as your next payday, before making any offers. Before you accept any loan offer carefully review your obligations as a borrower. Compare and contrast your repayment schedule with your upcoming paydays. Do they line up? Will you be able to repay your debt by relying only on your regular income? If not you should consider reducing your loan request or ask to restructure your repayment terms so that you are sure you afford the loan.
  • Annual Percentage Rate (APR) – Lenders charge interest on all loans. The rate of interest is directly tied to your credit score. A bad credit rating may mean a higher interest rate. This is the cost you will pay to borrow the money you need now. Be sure you understand that cost before accepting any loan offers.
  • Repayment Schedule – Urgent loans typically have brief repayment windows. Again, compare your payday schedule with your repayment due dates to ensure you can make your payments on time.
  • Total Cost of Your Loan – The original amount of your loan is only a part of the total cost you will be expected to repay. You will also need to account for any interest that is due on the principle of your loan as well as any fees and charges.
  • Penalties for Late Payments – Late payments are to be avoided at all costs. Not only will a late payment put you in arrears with your lender it will do further damage to your credit score.

Why Use Us

  • PCAW Approved
  • £100 - £5,000
  • Instant Transfer
  • Same Day Cash
  • Direct Lenders
  • Flexible Terms
  • Reputable Lenders
  • No Guarantor
  • 1 - 36 Months
  • 98% Approved
  • Fast Application
  • No Paperwork
  • UK Service
  • 24/7 Support
  • Quick Decision
  • Bad Credit OK
  • Easy Repayments
  • No Hidden Fees

Applying for an Urgent Bad Credit Loan

Bad Credit Loans welcomes applications from any UK citizen over the age of 18. In addition to be of legal age and a UK citizen applicants must be able to demonstrate the ability to repay their loan in full and in a timely manner. Applicants should expect to provide accurate information concerning their current financial profile including income and any outstanding debts.

Our application process is simple and can be completed online. Applicants should meet the following requirements:

  • A legal UK resident
  • 18 years of age or over
  • Currently employed
  • Possessed of an active UK banking account
  • Provide a valid e-mail address and telephone number

If You’re in Need of Further Financial Advice

Urgent loans can provide borrowers with bad credit the emergency funds they need to handle sudden expenses. However, just because these loans are for smaller amounts of money doesn’t mean they should be taken lightly. Before accepting any loan offer carefully consider your current financial situation. Be sure that you understand your responsibilities as a borrower before entering into any loan contract.

If you’re in need of further financial advice there are several UK government resources that provide free financial counselling. Money Helper and the National Debt Line can help any UK resident better manage their existing debt. These services are free to the public and can help you to successfully manage your financial future.

Apply Now

Simply select how much you'd like to borrow and for how long:

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum loan length is 1 month. Maximum loan length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).