Which Payday Loan is

best for people with

Bad Credit?

We at FinanceJar will find the plan to best suit your needs!

We Cater For All credit histories.

Payday Loans

Personal Loans

The best unsecured loans on the market.

Payday Loans

Payday Loans

Short term loans at their finest and easiest.

Payday Loans

Logbook Loans

Great when you want to change your vehicle.

Payday Loans

Guarantor Loans

A helping hand is always appreciated.

Key points

  • Obtain personal, payday, logbook and guarantor loans and repay over 12 months.
  • You can get the best loan option by comparing lenders online in minutes.
  • You can apply for our loan products with a bad credit history and even with no guarantor.

Applying For 12 Month Loans Direct Lender Bad Credit.

Coping with a bad credit is obviously difficult and frustrating and this comes especially when you’re receiving nothing but a hard “no” from the lenders but there are 12-Month loans direct lender bad credit options out there. What makes it harder is the fact that constant rejection results to humiliation, thus decreasing the confidence one has for himself.

Therefore, before you apply for loans you’ve found online, it’s crucial to take a research first to find out the options you’ll have that will lead you to the best financial decision. Each loan has their own terms, conditions, and fees.

What Is A Loan?

A loan is defined as something you borrowed which is expected to be repaid back within the agreed period and with an interest fee. For example, you are borrowing a cash worth £500 — once it’s time to have it repaid — you will return the same amount plus the interest rate agreed on the loan contract.

It can either be “unsecured” in case it is not backed up by a collateral or a personal property. However, the lender may require you to have a guarantor to co-sign with you on the loan contract or you can have the loan secured with a paycheck. Meanwhile, it can be considered as “secured” of it’s supported with a collateral such as a house or a car.


Can People With Bad Credit Apply?

Basically, people with bad credit are rejected repeatedly by banks and traditional lenders. However, there is a direct lender for bad credit available to those who have poor credit remarks.

These type of lenders agrees to lend money without demanding the borrower to submit any document regarding their credit history. The catch, though, is that it usually comes with a high cost and it usually varies from state to state or the lender company itself. Therefore, although it can be beneficial for many borrowers, it is advised to be used sparingly or for urgent purposes only. This short-term loan typically ranges from £100-£500. For larger amounts, though, the lender may demand better credit scores and a proof of capability to repay the loan. This means submitting documents such as the certificate of employment and sufficient income. Meanwhile, for very high amounts such as £10,000, the lender may require “good credit” and a collateral.

Applying For Direct Lenders

Nowadays, most people are opting for direct lenders rather than brokers. This is because it lessens the hassle of the overall loan procedure. From the application to the compensation of the entire loan, the debtor just needs to deal with the single company alone. In the contrary, the brokers need to deal with several companies.

In addition, direct lenders offer lowers compared to banks and brokers. This is because direct lenders are not required to pay any commission unlike with brokers who charge extra fees. This only means that you can maximize the money you’ve borrowed anymore.

Moreover, direct lenders are the best option for those who are opting for instant cash. Since borrowers only have to communicate with one company alone, their loan application and approval can be processed in the shortest time possible.

12 Month Loan FAQs

Can I apply for a loan with my bad credit history?

Yes! Even though you may have a bad or non-existent credit history, we fully understand that you might sometimes need to get your hands on extra cash in a hurry. This means that even if you think your credit history may be horrendous, we may still be able to assist you.

Can you get 12 month loans no credit check direct lenders?

Yes we do! We realise that not everyone has the option of being able to provide some form of collateral when applying for a loan. However, you may be required to pay higher interest rates on any amount that you borrow to compensate for this.

What can I use my loan funds for?

After being approved for any of our payday, personal, logbook or 12 month loans with no credit check from direct lenders, you are allowed to use these funds for absolutely anything you like. Regardless of whether you need to purchase school uniform or books, pay for unexpected car repairs or cover a utility bill that has fallen behind, the choice is yours to use your loan in any way you wish.

Will I be allowed to repay my loan sooner than initially agreed upon?

You most certainly can do this – and it could enable you to save on interest along the way. If you are able to repay your loan early, contact us and we will be more than happy to assist you with this.

How much interest will I be charged?

The amount of interest charged on your loan will depend on the type of loan you obtain and the amount of time you take to repay the instalments. Loans with a shorter repayment timeframe will obviously incur less interest than those that are being repaid over a longer period of time.

What is the smallest amount of money I can borrow?

We realise that not everyone who needs 12-month loans with no credit check from direct lenders will need to borrow thousands of pounds at a time. As a result, our system enables you to apply for loans that are as little as £100 at a time.

See How We Compare to Some of Our Competitors

Loan amount
£100 - £5,000
Loan term
3 - 36 Months
Very fast decisions every time
Apply Now

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Loan amount
£100 - £1,250
Loan term
3 - 12 Months
New and upcoming lender that will go far.
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5 most recent personal loan reviews

Review of Danske Bank

Responsible, Trustworthy and Thorough Boy are they everything I've mentioned in the title. These people have a very thorough process of money lending and repayment from the start to throughout the process on repayment. I'm a guarantor and I'm always told if there are any problems with the repayment. If not, I don't hear from them. They are very professional in the approach of lending money. They will advice a budget plan is completed so you know exactly how much needs repaid. Staff are very friendly and helpful. Things are pretty straight forward with Danske.

Review posted by Justin Browne, Burnley

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Albemarle Bond

Applying for a loan from Albemarle; the process was very easy, filling a form out online and then phoning Albemarle. A very nice young lady took the call and dealt with the application in a quick and efficient manner, after supplying the relevant information, and having it checked the loan was approved and the money was in the bank within a couple of hours. All in all an excellent company, the staff were very helpful polite and very efficient.

Review posted by Barbara Valkeith, London

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of 3 Month Payday Loans U

Amazingly quick, just 24 hours. They check to make sure you can really afford the repayments. My guarantor wasn't a home owner just had a good credit history. Very pleased with every aspect of the service they have provided. Would definitely recommend to anyone.

Review posted by Tracy Egerton, Rushden

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
For authentic reviews that are entirely unbiased we have sourced all of our above reviews from Trust Pilot.

Representative 305.9% APR.
Representative example: £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk.

FinanceJar is a credit broker and not a lender. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.