02 July 2020

Unwelcome financial expenses can appear quickly and from out of nowhere and can affect people with a wide variety of credit scores and histories. However, for people with bad credit scores, it can be exceptionally difficult to find, receive, and even apply for the financial aid you might need - in the form of quick, short term loans. In the following article we will outline how you could still qualify for a bad credit loan quickly and easily with buffa.

What is a Bad Credit Loan?

A bad credit loan is a loan which is specifically designed for those with poor credit scores and impaired or limited credit histories. Many lenders are unable to offer a loan to people who have a bad credit rating; this is due to the perceived risk of lending to that type of person being too high, as a bad credit rating is on the surface an indicator of poor financial health.

The reality of course is that people can and do have a bad credit rating for a variety of reasons, and these may not necessarily reflect their ability to manage the scheduled repayments of a loan.

At buffa, we understand that every personal circumstance is unique, and we strive to do everything we can to offer a solution, from a reliable direct lender, to help our applicants whenever they need us.

Our no-guarantor, bad credit loans may be available for you, even if you have a poor credit score or are currently recorded as having other existing finance arrangements in place.

How our Bad Credit Loans work

The process for getting a short term loan with us is deliberately simple and transparent. So long as you have a regular income and a bank account in your name (and are at least 18 years of age), you should have no problem completing your initial buffa loan application. For a more detailed look at the buffa loan application process, you can visit our How it Works page here.

So, could I qualify for a Bad Credit Loan?

As long as you can fulfill the initial basic criteria needed to apply for any loan with buffa, you’re good to go and can commence you loan application with us today.

But before you apply, please make sure that you are familiar with the below points and can answer yes to each question:

  • Do I have a regular income?
  • Do I have a UK bank account in my own name?
  • Am I at least 18 or over?
  • Am I Living in the UK?

If you can answer yes to all of these questions, you’re “qualified” to apply for a bad credit loan with us.

Whether you actually receive the loan or not will depend entirely on your individual circumstances, and we will only approve a bad credit loan application if we feel it is financially responsible and the loan is affordable based on your financial circumstances. After all, the last thing we want to do as a responsible lender is to put you at any risk of damaging your credit score by you being unable to keep-up with the scheduled loan repayments.

That concludes this short blog article on how to qualify for a loan with bad credit with buffa. You can learn more about our Bad Credit Loans here, and if you’re in need of some wider financial guidance, you can read our Debt Advice Hub, with information on How to Budget, How to Prepare for Debt Advice and more.

Representative APR: 1,116%