Top 5 Poor Credit Loans Lenders in the UK

At a point in our life comes a situation where we have to borrow money in order to accomplish any financial goal or resolve a financial crisis. Well, the reason for borrowing varies from person to person and this is the reason why the lending industry has come up with various types of loan products so that the borrower can choose the one that suits their requirement. Well, we all know that the like any other sector, the lenders are also out there for businesses so to reduce the risk of losing their money; every financial institute has their own set of rules and regulations for approving the loan.

However, among all the strict rules and regulation, having a good credit score is something that most of the traditional lenders like banks, credit unions and others demand before approving the loan. So, if you are a person with zero credit score or poor credit score, getting a loan is nothing less than climbing the Everest as most of the lenders will reject your request straightaway seeing your credit profile. Well, this doesn’t mean that there is zero possibility of getting a loan with bad credit rating. Fortunately, there are few direct lenders in the UK who offers loans to people even who have a bad credit rating.

Yes, it might sound peculiar but this is the truth. The door to get a loan is still open for you if you have a poor credit rating. Here, in this blog, we have prepared a list of the most reputable and trustworthy lenders in the UK. So, let us see them one by one.

5 most reputed lenders in the UK who offers poor credit loans

1. Freedom Finance

The first name in our list is Freedom Finance that is a popular lender in the market who can accept your request even if you have a poor credit rating. One of the biggest benefits of applying for here is that they are in well-contact with more than 20 renowned lenders of the UK who can arrange the loan on behalf of you.

2. Bad Credit History

Another popular name in our list is Bad Credit History which is basically a direct lender in the UK who offers secure financial solutions to the borrowers during the unstable phase of their life. Here, you can get all types of bad credit loans at highly competitive APR and flexible repayment options. With the fast online application process, the lending team make sure that the borrower gets the requested amount within 24 hours of the approval.

3.Lending Stream

Started back in 2008, Lending Stream has been offering the online lending facility to the people of UK. They mostly provide short term loans which you can get even at poor credit rating, but there will be a certain condition. You could apply for the loan either via accessing the website or through the mobile applications.

4.Loan Store

They are one of the more trusted lenders in the UK, who have various loan products that could help you turn your bad situation into the good one. Here, you can get instant loan funding regardless of your credit rating and previous repayment record. They also provide 100% free problem diagnose where the experts will explain you about the problems in your credit profile.

5.Uncle Buck

The last name in our top lender list is Uncle Buck who is providing loan service since 2004 and has helped numerous people in their bad phase by providing financial assistance. They have an easy and convenient application process where you can get the loan within the same day of the approval. Here, you can apply for bad credit loans that can be helpful to adjust any sudden cash flow crisis.

So, these were the top lenders in the UK who offers poor credit loans. You can check their websites and select the one which you find the most suitable.