Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk/en Compare our loans at AllTheLenders.org.uk

Very bad credit loans

Looking for UK very bad credit loans from a direct lender? A poor or limited credit history can have an impact at the worst of times, like when you need funds for that unexpected expense.

At Dot Dot, we aim to give our customers as many loan options as possible - even if you have less than perfect credit. If you have been unsuccessful applying for a loan elsewhere, one of our bad credit loans could help you out, subject to affordability.

What is a very bad credit loan?

When we talk about very bad credit loans, we mean loans that are designed for those who have perhaps been unable to take out a personal loan from their bank or other lenders because they've missed payments on credit agreements they've had in the past. In this situation, you may need to rebuild your credit history, or maybe you simply don't have enough credit history for banks to feel comfortable lending to you.

It's possible to have a poor credit rating but good income - you may earn a sufficient amount of money but are held back by your lack of credit history, or any past difficulties you have experienced.

This is why bad credit loans could be a suitable option for those who aren't eligible for a personal loan from a mainstream lender but still need to borrow money. If this sounds like your situation, read on to find out more.

Very bad credit loans information hub

If you are looking for a loan but think you have very bad credit, we've answered some of the most common questions below to help you make the right decision for your situation. If you still have any questions following this, our customer support team are also on hand to answer your queries.

Who is a very bad credit loan for?

Very bad credit loans are for those who have a low credit score or a poor credit history. You can find out your score by signing up to a credit reference agency such as Experian or Equifax.

Dot Dot Loans offer bad credit loans with no guarantor for those with less than perfect credit, subject to affordability.

Do very bad credit loans require a credit check?

At Dot Dot, we want to help you make the right decision for you, so when we receive a loan application we take care to carry out a full affordability check. This not only shows us that you will be able to pay off your loan, but also reassures you that you will be able to manage your loan repayments.

What if I have limited credit history?

Limited credit history is when you have little or no evidence of making credit repayments, which can be just as damaging as a low credit score and may even restrict you from taking out a very bad credit loan. This is why your affordability check is important, as it helps us get a clearer picture of whether you can afford to repay a Dot Dot loan.

What if I am declined for a loan?

If you have a significantly poor credit rating, you may not pass your affordability check. In this situation, we recommend seeking free and impartial money advice.

Here at Dot Dot, we recommend speaking to PayPlan for this advice. They can help you online or over the phone. You can contact them on 0800 280 2816, Monday to Friday 8am - 8pm, and Saturday 9am - 3pm.

How can I improve my credit score?

Taking on small amounts of credit and proving that you can make repayments on time and in full can help you boost your score. Enrolling on the electoral register can also help. If you would like more information about how to improve your credit score, MoneyHelper offer free and impartial advice about credit ratings.

How do Dot Dot loans work?

If you have been searching for very bad credit loans with no guarantor required, Dot Dot could help. We believe that less than perfect credit shouldn’t get in the way of your loan options.

Dot Dot Loans is a direct lender, offering bad credit loans which could help you fund those unexpected costs.

We offer UK bad credit loans between £100 and £5000, with a choice of flexible repayment terms between 3 and 48 months, depending on the loan amount.

You can use our handy tool below to work out how much your Dot Dot loan would cost. We always agree the full cost of your loan, including interest rates, upfront.

We won’t add any extra costs to your loan, such as late payment fees. What you agree on upfront is what you’ll repay.

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.

If you’re looking for extra funds to cover a larger cost, then you can check out our long-term loan calculator.

If you still have questions about how a Dot Dot loan works, click here to read our full FAQ page.

Got everything you need?

We hope we've been able to give you some useful information about very bad credit loans but if you still have any questions or queries about a Dot Dot loan, please contact us.

If you are still worried about having very bad credit, it could be worth seeking free and impartial advice to help you get back on your feet with your credit rating. We recommend getting in touch with PayPlan to help in this situation.

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