Did you know that even with a bad credit history, you could still be eligible for a loan? Little Loans could help you find out if you can get a loan before you apply with our free, no credit footprint loan confidence rating.

Get your rating in 60 seconds and you decide whether or not to proceed

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Experienced difficulties in the past?

Have you experienced financial difficulties and worried that you won’t qualify for a loan? Or have you had any problems with your credit history and not confident about being accepted.

We take a look at what you can do to get a loan and improve your credit score.

Little Loans helps thousands of people each day, a proportion of which have a poor credit history. These are people who may have gone through a period of financial difficulty but were still eligible for a loan to see them through.

We can help you find a bad credit loan as – we don’t only search the market for you – but also provide you with a confidence rating with no credit footprint! – check my eligibility »

What is a loan for bad credit, and is it right for me?

A loan for bad credit is a lending option for those who have struggled in the past to find credit from sources such as the high street banks.

There are many reasons why people end up with poor credit including;

  • Previous missed repayments
  • Missed bills e.g. utilities, phone
  • Previously failed applications for credit

If managed responsibly – a short term loan could actually go towards helping improve your credit score.

How is my credit rating assessed?

Lenders look at numerous areas to assess your credit rating. So when they do run an assessment they typically look back over the past few years of your financial activity to determine your score.

They use this information to predict your future behaviour, which is based on what you’ve done in the past. So if you’ve missed bill repayments on several occasions, this could negatively affect your credit score as there is a higher risk that you would miss them again comparison to someone who has never missed a repayment.

Little Loans was designed to help people like you (even if you do have bad credit) – apply for a loan »

So whilst those with a good credit score are more likely to get approved, those with bad credit are either; likely to be declined a loan or offered a less favourable rate.

5 Quick tips to improve your credit score

If you are concerned you have poor credit and want to try improve it, there are a few things you could do that can help. Here’s our quick tips to improving your credit rating;

1. Make sure you are registered on the electoral roll
If you’re not on the electoral roll you will struggle to get any credit! The electoral roll can sometimes be used as a factor towards a good credit score – register to vote on Gov.uk »

2. Make sure all accounts are registered to your current address
It may seem an obvious tip but many people still forget to update their details when they move house. Ensure such inaccuracies don’t impact your credit score

3. Make sure all accounts are registered to your correct name
Like the previous tip, such little details could impact your credit rating. When it comes to your name, ensure you avoid slight variations (e.g. some with middle name, some without)

4. Close any credit agreements which you no longer use
Having a credit card lying about that is never touched may seem like responsible credit. However, it may have the opposite effect as it does not prove that you can make such repayments. It’s better to close unused accounts when and where possible

5. Apply for credit you are more likely to get
We’d all want to get the market leading rates when it comes to lending, but if you know you have a poor credit rating, it is better to apply for loans that are suited towards bad credit. Being declined for a loan can affect your credit score. And that’s why we built our loan confidence rating to help you find a loan you are more likely to be accepted for

Get your rating in 60 seconds and you decide whether or not to proceed

Check your eligibility