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Unsecured loans for Bad Credit: Dot Dot Loans

Are you looking for unsecured loans from direct lenders? Sometimes unexpected costs can crop up which may lead you to search for a loan to help. However, you may not want to secure your loan against any assets you have.

In this situation, it may be worth taking out an unsecured loan. Here at Dot Dot, we could help. Read on to find out more about unsecured loans, and how we can help.

What are unsecured loans?

You may have come across secured and unsecured loans – but what is the difference between the two?

Secured loans use your assets as security on borrowing money. In other words, they allow you to secure your loan on your assets, such as your home or car, which are used as collateral in case you cannot repay the loan.

The main risk associated with secured loans is the possibility of losing valuable assets, should you fail to make your loan repayments. Sometimes a secured loan is referred to as a ‘second-charge mortgage’.

Secured loans are sometimes used by those with significantly bad credit, who would perhaps be turned down by lenders if they did not offer any assets as collateral.

However, if you do not own assets such as property or do not wish to secure your loan against them, there are plenty of alternatives to secured loans - even for those with less than perfect credit. These include unsecured loans or bad credit loans.

Unsecured loans are simply the opposite of secured loans - you do not have to secure your loan on your home or any other assets.

Does Dot Dot Loans provide unsecured loans?

Yes – Dot Dot Loans is a direct lender that does not ask for assets to secure any loans. You also don’t need a guarantor for a loan with Dot Dot Loans.

All our loans are unsecured, even if you have less than perfect credit. If this is the case, one of our unsecured loans for bad credit could help you out, subject to affordability.

With Dot Dot Loans, you can borrow between £100 and £5000. We understand that unexpected expenses can come in all different sizes, which is why we offer this flexible borrowing range.

You can choose to repay your unsecured loan with no guarantor in monthly instalments that suit you. If you need to borrow between £100 and £1000, one of our short-term unsecured loans could help, subject to affordability. You can choose a repayment period from 3 to 9 months depending on how much you borrow.

Why not use our handy calculator or calculator tool below to explore your short-term loan options?

Short term loan

Representative Example

Borrow £250 over 6 months with monthly repayment of £81.41. Total amount payable £488.46. Interest rate 248.19% p.a. (fixed). 824.7% APR Representative.

We understand that you may be looking for larger unsecured loans with no guarantor of £1500 to £5000 with no guarantor. With Dot Dot Loans, you can choose a repayment period from 18 to 48 months depending on how much you borrow. We issue these funds in the form of a long-term loan. Just like with our short-term loans, loans above £1500 are issued subject to affordability.

Am I eligible for a Dot Dot Loan?

Applying for a Dot Dot loan is simple. However, to start, you need to be:

  • A UK resident
  • Aged 18 or over (21+ for long term loans)
  • Working or receive benefits
  • Not declared bankrupt

You can find out more about how our application process works here.

Why Dot Dot Loans?

As part of the well-established financial services business Morses Club PLC, which has been running for over 130 years, at Dot Dot Loans we take pride in our experience. We understand that unexpected costs can crop up from time to time, so we’re here to help if you need some extra funds.

Here’s why one of our unsecured loans with no guarantor could be a suitable option for you:

  • Quick and easy: Apply online in minutes without needing a guarantor. You could have your loan the same day if we say yes, as all approved loans are funded every hour 24/7.
  • Flexible: Borrow between £100 and £5,000 with fixed repayment terms of 3 to 48 months depending on how much you borrow. You can also repay early at no extra cost.
  • Honest: We'll show you how much everything costs upfront and never charge you extras like late payment fees.
  • Responsible: Here at Dot Dot, we aim to practise responsible lending. This means that we will always conduct an affordability check as part of your loan application, which not only helps us but benefits you as it provides reassurance that you will be able to manage your loan.
  • Recommended: Don't just take our word for it. Our customers rate us as 'excellent' on the independent review website Trustpilot.

What happens if I can’t repay an unsecured loan?

Sometimes your situation can change unexpectedly, making it harder than usual to repay an existing loan. If this happens, you may wonder how you could manage repayments on a loan which is not secured.

In this scenario, we recommend contacting your lender as soon as possible. They can try to adjust your repayment plan to make things more manageable.

Some lenders will charge late repayment fees. Therefore, before applying for a loan, make sure you double check that the lender you’ve chosen doesn’t charge extra fees such as those for late repayments.

At Dot Dot Loans we do not charge late payment fees or any other additional fees. What you agree upfront is what you will repay – if your circumstances change and your repayments become less manageable, contact us so we can help.

You can find out more about how the team at Dot Dot Loans can help if you struggle to repay a loan on our money worries page.

Got everything you need?

We hope that you have found enough information about unsecured loans. However, if you have any other questions or queries, please don’t hesitate to contact us.

If you are worried about less than perfect credit affecting your application, this may not be a cause for concern, as we do offer unsecured loans for bad credit with no guarantor.

Please note that loans may not always be right for everyone, so it is important to carefully review your circumstances before applying.

If you’d like to apply for a loan with Dot Dot Loans, simply use the button below.

Borrow from Dot Dot Loans

Approved loans are funded every hour 24/7 No hidden fees or costs Less than perfect credit accepted UK based Customer Service Team

Loans from £100 to £1000

Apply now

Representative 824.7% APR

Loans from £1500 to £5000

Apply now

Representative 79.4% APR

Short-term loans: 824.7% APR Representative Long-term loans: 79.4% APR Representative