What are the very bad credit loans?

very bad credit loans direct lenders Have you ever worried that you may not get loan approvals due to poor credit rating? Especially when you were in a difficult financial situation, or been denied many times and faced problem in borrowing the money?

very bad credit loans Very bad credit loans are offered for people who are looking to borrow a loan but aren't confident about their credit rating. If you have struggled in the past and are unable to find any type of credit then very bad credit payday loans will fulfill your short-term loan needs.

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See how much you could borrow and compare our rate!!

I was declined from other lenders because of my poor credit score.

When the other direct lender makes a financial decision on your credit score for a loan, they look at various factors. They look at numerous information and assess your credit rating or credit score and decline your case if you have bad credit due to your mistakes of past. But at Easy Fast Loans, we offer loans for people with very bad history if they have a stable income to repay this loan on time. Making a correct financial decision is important for us and for our customers as well. You need to fill our small loan application form and rest our supportive loan advisors take care of it.

How to apply very bad credit loans with direct lenders no guarantor no broker ?

Whenever we need to apply very bad credit loans direct lender, there's always a question at the back of our mind that are bad credit loans a real thing?
Honestly, most direct lenders refer 'bad credit loans' as Personal Loans, and they're likely to decline your application due to poor credit. However, we offer very bad credit loans direct lenders, these loans are designed for people who have a poor credit history. We've plenty of repayment options available as per your financial requirements. Having a bad credit score won't be a hurdle in your loan approval, we may still be able to give you a loan at competitive interest rates.

Loan FAQ

As per the FICO SCORE, the credit range varies between 300 to 850. If you are below 670 then it will consider a bad credit score. and if it's below 500 then it considers as very bad credit. Non-payment or missed payment will drag you to bad credit so never miss your bill payments. Pay bills, and EMI on time and it could be improved soon.

Yes, it's possible now. If your earning are sufficient to repay this loan then you are eligible. How much loan you could get, it depends on your monthly income and outgoings. The loan adviser will check how much EMI you can afford before offering you any loan amount.

No, you don't have to pay any broker fee if you choose direct lenders rather than a loan broker, it saves a lot time of processing loan application as well.

"Easy Fast Loans" offer loans with very bad credit only if you are enough capable to repay this loan. This loan is not for unemployed or homemakers. High acceptance chances are there if you have a steady income source and your incoming is more than your outgoings and there is enough space to adjust the new EMI of this loan.

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Very bad credit loans no guarantor


Poor credit indicates you're a high-risk borrower; many loan lenders will either charge you higher APR or may decline your application,also they could ask you for a guarantor. But we offer you on your current monthly incomings, irrespective of your past financial history. As long as we see that you can afford monthly instalments, we won't hesitate to approve your bad credit loans without any guarantor.

Very bad credit loans direct lenders are loans lent to you directly without any involvement of a broker. No broker shark means you pay no additional fee throughout the loan term and you won't pay a high interest to cover broker's fee. If you make an application through a broker then there are chances that you end up paying a fee but with us, you save on FEE.

Making an application is really simple, you need to fill a short form with complete and valid information, and we will be able to process your loan instantly. Apply Now at the bottom of the page and get your money today.

Get approved today. Receive your money as soon as tomorrow!

How Much Can I Borrow

Loan amounts tend to differ based on the purpose of the loan. For fulfilling costly expenses, a higher loan amount is necessary. Whereas only a few hundred pounds from guaranteed payday loans is sufficient to pay utility bills. While some deals only let you borrow small amounts, others allow you to take on a maximum amount of £25,000. If you're looking for a lesser loan amount, you can borrow close to £500. The average loan amount we get to see on a daily basis is around £5,000. Also, the average loan term lies between 3 to 5 years. For higher loan amounts, the repayment period may be extended to 8 years.

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What a personal unsecured loan can be used for?

Unlike secured loans that are to be used for a specific purpose, lenders usually don't have any preference on how you should use the money from emergency loans for bad credit. As long as you can afford to repay the monthly instalments on time, they're happy. You may borrow personal unsecured loans for any purpose- to go on an overseas holiday, pay medical bills or school fees, home improvement, debt management, finance your wedding or child's education, or even for growing your business. Therefore, there wouldn't be anybody breathing down your neck telling you when and where to use money. Once you take out a loan with guaranteed approval, you can already start planning towards happy memories. Easy Fast Loans will take care of your financial worries!

How much will loan cost me?

The APR of guaranteed loans for bad credit varies from lender to lender. The typical APR stands at 11.8% and the deal you are offered might be plus or minus this rate. As far as we're concerned, we offer a representative variable Annual Percentage Rate of 12.6%. For example, if you borrow £11,000 at an annual variable rate of 8.9% over 6 years, your monthly repayment will be £230.63 and £16,605.36 in total.

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Do I Qualify For Guaranteed Loans?

Qualifying for loans from Easy Fast Loans isn't that difficult, even for people with a poor credit history. You need to be over 18, a UK resident and employed or self-employed with a minimum monthly income of £800. Another eligibility factor would be whether you have a proper address or not.

How Do I Apply for a loan?

By clicking on the Apply Now button, you're almost guaranteed to get is both easy and fast. The entire process leading to guaranteed same day loans is just three steps! As everything happens online, receiving your application and you receiving approval happens in less than 30 minutes. That's just one of the benefits of loans taken online from reputed lenders.

Quick Application:
Fill in the short online form on our home page and click on the Submit button. It takes only a few minutes to apply for guaranteed loans without affecting your traditional credit score.

Instant decision:
Though a credit check may have to be conducted, nowadays, lenders focus more on whether you can afford specific loan deals rather than your credit history. This ensures that you don't pay through your nose for an unhealthy financial deal. Irrespective of bad credit or not, all our applicants can expect an instant decision.

Fast Funding:
Once your application passes through a simple litmus test, it gets automatically approved. Cash will be transferred to your bank account the same day or in some cases, on the next working day.

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How long does it take to get a personal loan approved?

It doesn't take a lot of time to process a single loan application. Our team works at lightning speed to ensure you get cash at the time you need it most. As everything happens online, receiving your application and you receiving approval takes place in less than 30 minutes. Please try to provide accurate details in order to prevent problems and help us process your loan quicker. Incomplete or inaccurate information may lead to increased processing time or a declined loan form.

Is a Joint Application a Must?

No, it isn't a must that you make a joint application, i.e. on the joint names of yourself and another party. However, there's a choice to make a joint application if you so wish. Do keep in mind that if you're going for joint guaranteed loans with no credit check, both parties must be genuinely willing to shoulder the responsibility and risk that comes with loans. They should also be able to afford to pay back the loan amount single-handedly in case the other defaults. For example, if one party paid off half the loan and went broke. Then, it would fall upon the shoulders of the other party to fulfill the credit. Failing to do so may affect their credit score.

Do I Need to Be Employed?

Each lender has different lending terms and conditions mentioned in their loan agreement. While one may be satisfied with a monthly income from benefits or wages, another may require their applicant to be gainfully employed and receive a minimum pay check. We suggest that you only take up so much debt as you can afford to repay. This way, you'll avoid defaulting on any loan agreement and keep your credit history and credit score free from blemishes.

What If I Have a very Bad Credit Score?

Having a bad credit score shouldn't stop you from applying for guaranteed loans. There are many loan companies that do unsecured lending and are happy to lend to poor credit individuals. Yet, the interest rate might be slightly higher for you than people with a perfect credit score. This reflects the risk lenders take upon themselves when lending money. Managing your monthly repayments on time actually holds the power to improve your credit score. If you are consistent with your guaranteed payday loans payments, credit agencies are sure to recognize good credit behaviour and reward a high credit score. So, it's always advisable to take small amounts that can be paid back easily. With an improved credit rating, you'll find that finance comes cheaper.
If you are in serious trouble because of ver bad credit history and debts, visit and give a call for free and impartial money advice.

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Is There A Maximum Age Over Which I Can't Take Loans?

Currently, most lenders have a maximum age above which individuals wouldn't be able to secure guaranteed loans for bad credit. This is 65 years and is the retirement age set by the government. A reason for this may be the reduction in income after retirement.

How Do I Make Repayments?

Various unsecured loans lenders offer different methods of making monthly repayments. On the whole, most lenders will accept if you pay by debit card, direct debit or standing order from your bank account. One thing you should note before taking emergency loans for bad credit is that your credit card won't be useful for paying off such loans. The reason being lenders consider clearing one form of debt with another debt form a highly risky endeavour.

Will I be accepted loans with No Credit Check?

The truth is that FCA-authorised lenders are unable to give guaranteed approval without first vetting applications. The credit check does happen but for being on the right side of the law. Lenders individually take a call on their capacity to lend to high-risk individuals. They take the risk on themselves. The word “guaranteed” means that a particular lender is ready to overlook the traditional credit score in favour of the modern affordability index. As such, you don't have to worry about any mark on your credit record after a look-through on it.

Beware of Loan Scam

Loan sharks might use our name with malicious intentions. They are not authorized by the FCA to carry out lending activities. Please avoid calls and mails that demand upfront fees by cash or online banking. We never charge or demand any upfront fees. Also, it's good to check for authenticity of lenders before you decide to take things ahead.

Financial details: Rates from 4.5% APRC to 12.6% APRC are available - the highest rate is for customers with severe credit problems. Loans are available from 1-25 years.
Representative Example: Assumed borrowing of £26,000 over 84 months, with a borrowing rate of 5.86% per annum for the 84 months. There would be 84 monthly instalments of £415.52. Total amount payable £34,998.68 comprised of; loan amount (£26,000); interest (£6,328.68); Broker fee (£2,080.00); Lender fee (£590). This would result in an overall cost of 9.2% APRC.
TYPICAL 10.9% APRC variable. This means 51% or more of customers receive this rate or better.
Unsecured Loans are available from £1,000 to £25,000. Representative 12.6% APR variable.
Consolidation Warning: 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.
Standard Warning: Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.