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Unsecured Loans for Bad Credit

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

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

Unsecured loans explained

An unsecured loan is a personal loan that is not secured against an asset such as your home or your car. That means you don’t pledge property as collateral as part of the application.

Unsecured lending is still subject to checks. We carry out credit and affordability checks to help ensure the repayments are manageable.

Can I get an unsecured loan with bad credit?

It may be possible. If you have had missed payments, defaults, or you’ve been turned down elsewhere, it can feel like every lender is looking for a perfect file. At 118 118 Money, we look beyond a single number and assess each applicant individually.

Our eligibility check lets you see whether you’re likely to be accepted before you apply, and it won’t affect your credit score.

What we look at

Every lender has its own criteria. In general, an application for an unsecured loan will consider your credit profile and whether the repayments are affordable for you each month.

If you’re trying to rebuild, borrowing within your means and making repayments on time can demonstrate positive repayment behaviour over time.

Check your eligibility first
Get a quick decision without affecting your credit score.
Check my eligibility This won't affect your credit score
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Why unsecured matters when your credit is not perfect

If you are comparing options, these are practical reasons many people prefer an unsecured loan:

No asset pledged. You do not secure the loan against your home or car.

Fixed monthly repayments. If accepted, you’ll know what you need to pay each month.

Clear time frame. Repay over 12 to 60 months depending on your circumstances.

One simple starting point. Check eligibility before you apply to avoid unnecessary applications.

Direct lender. You deal with us directly throughout your application and loan term.

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3 simple steps to an unsecured loan

  • Check your eligibility with no impact to your credit score
  • Set up your account, direct debit and sign
  • Receive funds in 15 minutes*
Check my eligibility This won't affect your credit score. *This can vary from 15 minutes to 2 hours depending on your bank.
Unsecured Loans for Bad Credit FAQs

An unsecured loan is not secured against an asset such as your home or car. Your eligibility is assessed using credit and affordability checks.

It may be possible. 118 118 Money is a direct lender and we assess each application individually. If the repayments are affordable and you pass our checks, you may be eligible.

No. Our eligibility check lets you see whether you are likely to be accepted without affecting your credit score.

If accepted, you can borrow £1,000 to £8,000 and repay over 12 to 60 months, depending on your individual circumstances.

Once approved and set up, funds could be received in as little as 15 minutes. This can vary from 15 minutes to 2 hours depending on your bank.

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Ready to check your eligibility?

See whether you are likely to be accepted before you apply. It won’t affect your credit score.

Check my eligibility
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Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.