What Is A Bad Credit Loan?

Many lenders and loan providers can't offer a loan to people who have a bad credit rating as they consider the risk to be too high. You might have a bad credit rating due to previous missed repayments on a payday loan, credit card, mortgage or various other credit agreements. You might also have a high level of existing credit in your name which could affect your ability to get access to another form of finance at that time.

At buffa, we strive to do everything we can to offer suitable loans for bad credit from a direct lender to help our customers, so our no-guarantor, bad credit loans may be available for you to borrow, even if you have a poor credit score or are currently recorded as having other existing finance arrangements in place.

Loans for Bad Credit Direct Lenders

We would describe these loans as being loans for bad credit, from direct lenders that are lending the money to you themselves - there’s no middlemen involved at all. Applying for a bad credit loan with buffa is a simple, straight-forward process; we examine each application individually, so if there is something we can do to offer our applicants a loan, we will.

If you have regular income and a bank account in your own name, you could still be approved. You can learn more about applying, our loan approval process and how our loans work here.

Whilst we are always here to help our customers in any way we can, we always advise that anyone with poor or impaired credit should check and be certain that they can and are likely to make the required repayments before they accept any offer to take out a loan. If subsequent future loan repayments are missed, this can further negatively impact your credit rating, so always check the affordability of your loan first. We also offer free financial guidance and support to any of our customers who need it.

A bad credit loan could be suitable for people who have been unfortunate with their credit arrangements in the past, resulting in them having a bad credit rating/history, but who are now in a more stable position and more likely to manage their financial commitments successfully. If an unexpected bill or expense arises and needs paying, but payday is still a while away, our bad credit loans could help.

How To Get A Loan With Bad Credit

Why Choose buffa for Bad Credit Loans?

Bad Credit Loan Decisions Instantly

We won’t leave you waiting to find out whether you qualify for a personal loan from us. You'll get an instant indicative decision to your request to advise whether we accept, reject or need to conduct further checks relating to your application. So you'll immediately see whether your application was successful or unsuccessful.

No Impact on your Credit Score

Complete your buffa loan application safe in the knowledge that applying will not impact your credit history. We’ll give you an initial indiciative decision with absolutely no obligation on your part to continue, and with no impact on your credit score.

Transparency with No Hidden Fees

We pride ourselves on being upfront and honest about our short term loans, so you’ll know exactly what you’re expected to pay back and by when before you agree to take the loan. When we say no fees, we mean it. No late repayment fees, no short term loan arrangement fees and no hidden charges. Ever.

Flexible Repayment Options

Because our personal loans are fully flexible and designed to suit your individual circumstances, you can repay one at any time. So, if you want to make early repayments or overpayments against your loan to make savings on the overall interest charges, that’s just fine. Or if you prefer the certainty of knowing how much you need to repay each time, on a fixed repayment date each month, that’s just fine too. It’s your loan so you can repay your way.

Bad or Impaired Credit Considered

We strongly believe that no one should be held back from leading their life by a bad or impaired credit history. We will consider all loan applications on their own merits and will always do our best to provide you with a personal loan, regardless of your credit history.

Money Paid in Minutes

Need your emergency loan in a hurry? Once you apply and your loan is approved, you’ll see your money in your account within a matter of minutes. No delays, just quick and simple access to your money.

Need Help?

Need some help completing your buffa loan application? Speak to our friendly UK based team today

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