Loans for Bad Credit

Bad credit loans are designed for people with a credit report that isn’t incredible. As well as those people who have as little as no credit history. These loans typically have higher interest rates than other loans due to the higher risk of lending.  But, if you are in need of an urgent sum of money, you don’t need to look any further. Here at Simple Personal Loans, if we cannot help you, then it is likely that a lender in our panel will be able too. Therefore, we can offer you a high chance of being accepted. If your application, unfortunately, isn’t, feel free to ask for further advice and help.

What are Loans for Bad Credit?

At Simple Personal Loans, we offer loans for bad credit. As we are able to offer to those people who are in desperate need of some extra cash, but the bank won’t accept due to their credit score. Having bad credit doesn’t always mean that your credit history is really bad or poor; it might just be that it’s less than perfect. If you’ve ever been rejected for credit by a bank or lender due to “bad credit”, it could be due to having a slightly flawed credit history rather than very bad.

Will I be accepted for a Bad Credit Loan?

Unfortunately, we cannot guarantee that you will be accepted. We take into account numerous factors when deciding if a personal loan is the best thing for you. This is to ensure that the decision made will keep you in a stable financial situation instead of placing you in a worse position. Although, we do try our hardest to make sure that we accept everyone we can, hence the reason why we offer loans for bad credit. So, if you are in need of a loan, you should still apply as you have a chance of being accepted.

Should I get a Personal Loan if I have Bad Credit?

Before you apply there are various reasons which you should look at and consider. One of which is, whether you are able to comfortably afford to repay your loan in smaller monthly instalments. You might be thinking about how you can work this out before you apply. But, on our website, you can find a loan calculator which provides a rough guide. Please note that it may change for everybody, but it can be used to give you an idea.

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