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Short Term Loan Bad Credit History

Bad Credit History Loans

When you have bad credit it can sometimes scare you when you need to apply for credit because you are uncertain if you will accepted. Short term lenders and payday lenders as well as more traditional finance companies will take a number of things into consideration when deciding whether to lend to you money or not.

Check your credit report

One of the best things you can do before you apply for credit is to check your credit report. This can be a scary thought if you know you have missed payments, have defaults or even CCJ's, however it may turn out to be the best thing you do. It will allow you to see how your credit looks to lenders and also help you in correcting mistakes on your credit report and let you know how to repair it so that you can be more confident that you can obtain a loan in the future. Noddle offer a free credit report for life and will give you a glimpse of what lenders can see when they look at your credit file.

Am I eligible for a PiggyBank Loan?

As a responsible short term lender, PiggyBank will assess every application on its own merits. That means we will take your credit report, real time credit check, income and expenditure into account when deciding whether to lend you money. A bad credit history does not mean that you will not be given a loan, but it is important that you are not suffering from any financial difficulty when we lend to you. You can see our Responsible Lending Charter here.

If you fall into one of the following categories then unfortunately we will not be able to lend to you:

  1. Bankrupt
  2. Have had a CCJ in the last 12 months
  3. Are on Debt Management

You can see more about your eligibility for a loan here.

Why Choose Us?

  • Direct Lender
  • No Payout Fee
  • No Hidden Costs
  • Fast Online Application
  • Multiple Repayment Options
  • 100% UK Based
  • Fully Authorised by the Financial Conduct Authority
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