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Long Term Bad Credit Loans

118 118 Money loan helpers illustration

Need more breathing room each month? 118 118 Money offers fixed-term loans for people with less than perfect credit, with repayments spread over 12 to 60 months.

  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Check eligibility with no impact on your credit score
Check My Eligibility This won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate 41.2% pa fixed. 24 monthly payments of £123.64. Total amount payable £2,967.43. Representative 49.9% APR.

Longer repayments can make monthly budgeting easier

If you have bad credit, finding the right loan is not only about getting approved. It is also about finding repayments that feel manageable month to month. A longer-term loan spreads the cost over more monthly instalments, which can help if you need to cover a larger expense and want a fixed repayment schedule.

At 118 118 Money, we look beyond just your credit profile. We also consider affordability, because borrowing should be clear, simple and sustainable. If approved, you will know your monthly repayment amount from the start, so you can plan ahead with more confidence.

See whether a longer-term loan could work for you
Our eligibility check is a simple way to see whether you may be accepted before you apply. It will not affect your credit score.
Start Eligibility Check This won't affect your credit score
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Why people look for long term bad credit loans

A longer repayment period is not right for everyone, but it can make sense in the right situation. Common reasons include:

Lower monthly payments: Spreading repayments over more months can reduce the amount due each month compared with a shorter-term loan.

Larger essential costs: If you need to cover a car repair, home emergency or another planned expense, a longer term can give you more flexibility.

Fixed structure: Knowing your repayment date and amount each month can help you stay organised and budget with more confidence.

Clearer planning: If you have had credit problems before, simple fixed monthly repayments may feel easier to manage than open-ended borrowing.

Opportunity to show positive repayment behaviour: Making every payment on time can demonstrate responsible borrowing over time.

Important: A longer term can lower monthly payments, but it can increase the total amount repaid overall because interest is charged for longer.

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How it works in 3 simple steps

  • Check your eligibility with no impact on your credit score
  • Review your offer and set up your account if approved
  • Receive funds in as little as 15 minutes, depending on your bank
Check My Eligibility This won't affect your credit score. Funding times can vary from 15 minutes to 2 hours depending on your bank.

What to consider before choosing a longer-term loan

Choosing a longer-term loan is a balance between affordability now and total cost over time. If your priority is keeping monthly repayments lower, a longer term may help. If your priority is paying less interest overall, a shorter term may work better if the monthly repayments are still affordable.

Before you borrow, think about how the repayment fits with your regular bills, rent or mortgage, food costs and other credit commitments. If your situation is already stretched, it may be worth reviewing your budget first.

118 118 Money carries out affordability checks because responsible lending matters. Credit is subject to status, affordability and credit checks, and loans are available to UK residents aged 18 and over.

Why borrowers choose 118 118 Money

We are a direct lender focused on clear, simple borrowing for people who may have been overlooked elsewhere. If you are searching for long term bad credit loans, you may want a lender that offers fixed monthly repayments, an eligibility check before you apply, and a straightforward online process.

Our loan range is designed for people with less than perfect credit who still want a responsible way to borrow. You can check your eligibility first, and this will not affect your credit score.

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Long Term Bad Credit Loan FAQs

A long term bad credit loan is a loan for someone with less than perfect credit that is repaid in fixed monthly instalments over a longer period. With 118 118 Money, loan terms can run from 12 to 60 months, subject to status, affordability and credit checks.

Yes. 118 118 Money lets you check your eligibility before you apply, and this will not affect your credit score.

Not always. Longer terms can reduce monthly repayments, but they can also increase the total amount repaid because interest is charged over a longer period. The right option depends on what you can comfortably afford.

People often use fixed-term loans for things like home improvements, debt consolidation, car costs or unexpected expenses. If you are consolidating debt, remember that taking longer to repay could mean paying more interest overall.

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Ready to see if you're eligible?

If you are looking for long term bad credit loans with fixed monthly repayments, start with our eligibility check. It is quick, simple and will not affect your credit score.

Check My Eligibility
118 118 Money loan helpers illustration