• Consolidate existing debts
  • Get a better rate on your loan
  • Make essential home improvements
  • Anything else!

At 118 118 Money we appreciate it can be frustrating and stressful if you can’t get the money that you need to improve your quality of life, especially if you know you could pay a simple loan back with affordable monthly payments.

“My bank have rejected my loan application, can I still apply with 118 118 Money?”   Yes!

Why choose a personal loan with 118 118 Money?

A personal loan with 118 118 Money gets you the money you need fast.

Even if you have a less than perfect credit score the 118 118 Money team will consider your application. We will look at your ability to repay the loan based on your current circumstances, as well as how well you’ve managed credit before.

You can payback a £3,000 loan over 12 months, 18 months or 24 months.

We’ve got your back!

What’s my credit score?


If you have previously been late with mobile phone, loan or credit card payments this is likely to stay on your credit file for three years. A County Court Judgment or bankruptcy will remain on your file for six years.

Therefore, you should try to understand your credit score, as it can effect your future credit applications.

There are lots of things you can do to improve your credit score and some of them are surprisingly easy. Why not read our top ten tips for improving your credit score and make a start.

How can a loan help me consolidate debt and fix bad debt?

If you have debt spread across numerous creditors, it can be hard to keep track of what needs to be paid and when. By putting all your debts into one simple payment it becomes a lot easier to manage and therefore reduces the chances of accidently missing payments.

By taking a £3,000 loan with 118 118 Money with a better APR than you are currently paying, you will end up paying less interest which means you will be able to pay off your debt quicker. Although it is also worth remembering that a loan taken at a higher interest rate over a shorter term could cost you less overall.

How will home improvements help me financially?

If your heart is where your home is then making some home improvements could help improve your quality of life.

If you own your own home then a few simple improvements (like a new bathroom suite or landscaped garden) could improve the house value if you decide to sell in the future.

What you need to apply for a £3,000 loan

You will need your mobile phone and email address, as well as details of where you’ve lived for the last three years. We will also need your employment history, your monthly income, outgoings and your bank details. Try this online budget sheet to help you calculate your monthly outgoings.

What do I do now?

We’re delighted that you have made the first step and decided to take out an unsecured personal loan to help get your finances in shape. Having done your research, you will know that you need £3,000 to cover or put towards certain expenses. It’s now time to complete our simple application form online. If you need any help you can also contact us on 08000 118 000 or 02920 893300*

(*08000 118 000 is free from UK landlines. Calls from other networks and mobiles may vary. 02920 893300 is charged by your provider as a UK national number.)

Once we receive your application we will be able to make a decision based on the information you have provided as well as what we receive from the credit agencies. It’s important to remember that we aim to look beyond your credit report and will review each application individually.

We aim to make a decision quickly so that you can plan accordingly. If your application is approved, the next step is to ensure you are happy with the credit agreement, including the interest rate, APR and monthly repayments. It’s important that you discuss any issues or concerns you may have about the agreement as soon as possible.

You can check the status of your loan application at any time. We will ask for your bank account details so that we can securely deposit your loan and collect your agreed repayments each month.

This bit is simple – you will receive your £3,000 in your account (normally within 24 hours)!

Apply Now

Representative example: Amount of credit £1,810.48 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £143.48. Total amount repayable: £3443.52. Representative 99.9% APR.

Rates from 35.9% APR - 99.9% APR fixed.