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Need a short term loan for bad credit? Personal Loans Now provides an alternative


How much do you need?

£2,000
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£5,000
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£7,500
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£10,000
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£20,000
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£25,000
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*Direct lender and brokerage service*
*Representative 39.7% APR* (fixed)


All about applying for short term loans for bad credit, from Personal Loans Now
How much do you need?

£2,000
Apply now

£5,000
Apply now

£7,500
Apply now

£10,000
Apply now

£20,000
Apply now

£25,000
Apply now
*Direct lender and brokerage service*
*Representative 39.7% APR* (fixed)



Can I Get a PLNOW Short Term Loan for Bad Credit?


Having bad credit often makes lenders wary of lending to you, so they either decline your application or charge higher interest rates. We at Personal Loans Now understand how easy it is to slip up and damage your credit score, which is why we’ve made every effort to offer you a short term loans alternative for bad credit – despite your poor credit score.

We are a superior personal loans direct lender providing credit on demand in the UK. In the unlikely event that we can’t fund you the loan ourselves, we will work with handpicked lenders we trust to try and get you the cheap short term loan for bad credit that you need fast. No fees charged.

So, if you have very poor credit you may find it difficult to find a lender who will approve your short term loan for bad credit application. If you apply with Personal Loans Now, you will be able to enjoy the benefits of both a direct lender and broker. With our one easy application, you won’t have to shop around to try and find a suitable lender. Just fill out the one application form, and let the advanced technology do the work for you.


Apply with Personal Loans Now for a short term loan for bad credit alternative

Apply now for a short term loan
from a lender who specialises in bad credit loans

Apply now for a short term loan
from a lender who specialises in bad credit loans

Apply with Personal Loans Now for a short term loan for bad credit alternative

Apply now for a short term loan
from a lender who specialises in bad credit loans

Apply with Personal Loans Now for a short term loan for bad credit alternative


What is a bad credit score?


Before we get into explaining what makes a credit score ‘good’ or ‘bad’ let’s first discuss a couple of definitions.


What is a credit report?

Your credit report contains personal information such as your name, date of birth and addresses (current and previous). It then lists all your credit accounts including bank and credit card accounts and utility bills. The report will show whether you’ve made payments on time or missed them, with the data reaching back for the last six years. It will also display any CCJs, repossessions or bankruptcies that may have happened.

What is a credit score?

A credit score is a number that is calculated from the information contained within your credit report. The more red flags there are in your file, such as defaults and CCJs, the lower your credit score will be. Lenders calculate this score differently depending on their criteria, but with all lenders, the lower your credit score the higher the risk of lending to you.


So, a higher credit score is considered ‘good’ and a lower score is considered ‘poor’ or ‘bad’.


How does having bad credit affect my short term loan approval?

Every time you apply for any type of credit, lenders will check your credit report and take your score into account before making a decision. If an applicant has a very bad credit score, this will indicate that they often miss repayments and are quite likely to default on the loan. Lenders will therefore be more likely to either decline the application for a short term loan for bad credit, or set higher interest rates.

Many people with bad credit who want a short term loan will therefore search specifically for lenders who specialise in bad credit applicants. The interest rates may be higher, but the acceptance rate is usually higher too.


How can I improve my credit?

Bad credit is not the end of the line. If your credit score isn’t up to scratch, there are several things you can do to improve it.


improve your bad credit score, advice and tips from Personal Loans Now

Here are a few steps you can take:

  1. Get on the electoral roll. This reassures lenders that they are not dealing with a case of fraud.

  2. Check your credit file. You should examine your credit file, looking for any errors and ensuring that all the information is acccurate. If it isn’t, contact the lender to fix it.

  3. Close unused accounts. Lenders often consider the amount of credit you have access to, so close any unused credit card, mobile contracts and bank accounts.

  4. Pay off your debts. Don’t just meet the minimum repayments – exceed them. This shows lenders that you are managing your debt well.

  5. Pay all your bills in full, on time. Every late or missed payment is marked on your file for six years.

  6. Build a positive credit history. Take out a credit card or prepaid card and make sure to pay it off in full every month.

  7. Spread out your credit applications. Every application shows up on your file. Spacing them out limits the impact it will have on your score.

At the end of the day, the most important acts you can make for your credit score are to only apply for credit that you really need, and pay it all off in full, on time. You don’t have to be earning a fortune to get out of debt – all it takes is some serious discipline and motivation. Be organised about your finances, make sure you know where all your money is going, and put as much money as possible towards paying off your debts. Build an emergency fund so you won’t need to borrow if an unexpected expense crops up, and save in advance of big expenses such as a wedding or holiday.

With a bit of hard work, you can leave your bad credit score behind, making your way to greener pastures.


Apply with Personal Loans Now for a short term loan for bad credit alternative

Apply now for a short term loan
from a lender who specialises in bad credit loans

Apply now for a short term loan
from a lender who specialises in bad credit loans

Apply with Personal Loans Now for a short term loan for bad credit alternative

Apply now for a short term loan
from a lender who specialises in bad credit loans

Apply with Personal Loans Now for a short term loan for bad credit alternative


Short term loans for bad credit UK


To conclude, it is possible for you to get accepted for a loan if your credit history is not quite perfect, but it will usually be harder. Applying to Personal Loans Now for a short term loan for bad credit may make it more likely that you will get approved even with a very poor credit history. This is because we provide credit on demand. Even if we aren’t able to fund you the money, we will work with exclusive authorised lenders who are happy to lend to applicants without a decent credit rating.

Want to know more about our short term loan alternatives? Select an option from below, or Apply Now for a loan you can trust.



Written by: Fiona McCampbell
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