{"id":26982,"date":"2022-12-20T11:06:23","date_gmt":"2022-12-20T10:06:23","guid":{"rendered":"https:\/\/www.lendingstream.co.uk\/blog\/?p=26982"},"modified":"2023-02-23T10:05:29","modified_gmt":"2023-02-23T09:05:29","slug":"short-term-loans-bad-credit","status":"publish","type":"post","link":"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/","title":{"rendered":"Short Term Loans for Bad Credit &#8211; Discover Lending Stream"},"content":{"rendered":"\n<p><strong>If you\u2019re looking for <\/strong><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/short-term-loans\/\"><strong>short term loans<\/strong><\/a><strong> but have bad credit, don&#8217;t worry, you\u2019ve still got options.<\/strong> There are a lot of direct lenders you could turn to who look at more than just your credit score. But how do you know if a short term loan is best for you?<\/p>\n\n\n\n<p>To answer to this question, keep reading. <strong>We\u2019ll tell you everything you need to know about short term loans for bad credit.<\/strong> We<strong>\u2019<\/strong>ll also tell you what you need to apply for a short term loan, even when you\u2019ve got a poor credit rating.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f2980c76eee\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f2980c76eee\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#what_are_short_term_loans_for_bad_credit\" >What are Short Term Loans for Bad Credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#how_do_short_term_bad_credit_loans_work\" >How do Short Term Bad Credit Loans Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#can_i_get_a_short_term_loan_with_bad_credit\" >Can I Get a Short Term Loan with Bad Credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#how_can_i_check_my_eligibility_for_a_short_term_bad_credit_loan\" >How Can I Check My Eligibility for a Short Term Bad Credit Loan?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#1_go_straight_to_the_lender\" >1. Go Straight to the Lender<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#2_use_a_comparison_website\" >2. Use a comparison website<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#how_much_can_i_borrow\" >How Much Can I Borrow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#what_are_the_repayment_terms_on_short_term_loans_with_bad_credit_in_uk\" >What are the Repayment Terms on Short Term Loans with Bad Credit in UK?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#what_credit_score_is_needed_for_a_bad_credit_short_term_loan_in_uk\" >What Credit Score is Needed for a Bad Credit Short Term Loan in UK?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#how_can_i_improve_my_credit_score\" >How Can I Improve My Credit Score?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#1_check_your_credit_report\" >1. Check Your Credit Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#2_make_all_your_repayments_on_time\" >2. Make all Your Repayments on Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#3_keep_your_credit_card_balances_low\" >3. Keep Your Credit Card Balances Low<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#4_register_on_the_electoral_roll\" >4. Register on the Electoral Roll<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#can_i_get_a_short_term_loan_for_bad_credit_without_credit_check\" >Can I Get a Short Term Loan for Bad Credit Without Credit Check?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#what_are_the_advantages_and_disadvantages_of_a_short_term_loan_with_poor_credit\" >What are the Advantages and Disadvantages of a Short Term Loan with Poor Credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#what_are_my_options_if_i_have_bad_credit\" >What are My Options if I Have Bad Credit?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#1_bad_credit_personal_loans\" >1. Bad Credit Personal Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#2_payday_loans\" >2. Payday Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#3_guarantor_loans\" >3. Guarantor Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#4_secured_loans\" >4. Secured Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#6_credit_cards_for_bad_credit\" >6. Credit Cards for Bad Credit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#when_is_a_short_term_loan_for_bad_credit_a_good_idea\" >When is a Short Term Loan for Bad Credit a Good Idea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#faqs_%e2%80%93_short_term_bad_credit_loans\" >FAQs \u2013 Short Term Bad Credit Loans<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#can_i_get_a_short_term_loan_with_bad_credit_without_a_guarantor\" >Can I Get a Short Term Loan with Bad Credit Without a Guarantor?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#can_i_get_a_bad_credit_short_term_loan_with_no_fees\" >Can I Get a Bad Credit Short Term Loan With No Fees?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#is_a_short_term_bad_credit_loan_good_for_credit_rating\" >Is a Short Term Bad Credit Loan Good for Credit Rating?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/short-term-loans-bad-credit\/#what_should_i_do_if_im_struggling_to_pay_my_debts\" >What Should I Do if I\u2019m Struggling to Pay My Debts?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"what-are-short-term-loans-for-bad-credit\"><span class=\"ez-toc-section\" id=\"what_are_short_term_loans_for_bad_credit\"><\/span><strong>What are Short Term Loans for Bad Credit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Short term loans for bad credit are exactly what they say they are &#8211; <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/bad-credit-loans\/\"><strong>loans for people with a poor credit<\/strong><\/a> rating. They tend to be for smaller amounts of money that are paid back within 6 &#8211; 12 months.<\/p>\n\n\n\n<p><strong>Short term bad credit loans<\/strong> are helpful when you need money fast, when you\u2019re faced with an unexpected bill.<\/p>\n\n\n\n<p>You don\u2019t need to involve anyone else to guarantee that the loan will be repaid. And you don\u2019t need to have an asset to take out a short term loan. But as part of the application process, you\u2019ll need to be able to prove that you can afford the repayments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-do-short-term-bad-credit-loans-work\"><span class=\"ez-toc-section\" id=\"how_do_short_term_bad_credit_loans_work\"><\/span><strong>How do Short Term Bad Credit Loans Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Short term bad credit loans work in much the same way as any <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/\"><strong>other type of loan<\/strong><\/a>. You fill out an application with a lender and, if approved, you receive the money you need. You then pay it back in equal <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/instalment-loans\/\"><strong>monthly instalments<\/strong><\/a>.<\/p>\n\n\n\n<p>The providers of short term loans understand that people\u2019s credit score can take a hit from time to time. It\u2019s life and it happens to many of us. But that doesn\u2019t mean people with bad credit are unreliable when borrowing money. <strong>Lenders offering short term loans to people with bad credit look at more than just their credit score<\/strong>. It\u2019s how they try to help these people when they really need it.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"can-i-get-a-short-term-loan-with-bad-credit\"><span class=\"ez-toc-section\" id=\"can_i_get_a_short_term_loan_with_bad_credit\"><\/span><strong>Can I Get a Short Term Loan with Bad Credit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Yes,<\/strong> <strong>most people with bad credit can still apply for a short term loan<\/strong>. The way to find out if you can get one is to make sure you\u2019re eligible first. <strong>This means you have to meet the lender\u2019s criteria which could include the following:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Be a UK resident<\/li>\n\n\n\n<li>Be over 18 years old<\/li>\n\n\n\n<li>Have a regular income<\/li>\n\n\n\n<li>Have a UK bank account<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-can-i-check-my-eligibility-for-a-short-term-bad-credit-loan\"><span class=\"ez-toc-section\" id=\"how_can_i_check_my_eligibility_for_a_short_term_bad_credit_loan\"><\/span><strong>How Can I Check My Eligibility for a Short Term Bad Credit Loan?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To check that you\u2019re eligible to apply for a short term loan, there are two approaches you can take.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-go-straight-to-the-lender\"><span class=\"ez-toc-section\" id=\"1_go_straight_to_the_lender\"><\/span><strong>1. Go Straight to the Lender<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can go straight to the lender you want to borrow from and find out from them. What you need to be eligible will be found on their website. When borrowing with a direct lender you know who you\u2019re dealing and can get straight answers.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/\"><strong>Lending Stream<\/strong><\/a> are a direct lender offering short term loans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-use-a-comparison-website\"><span class=\"ez-toc-section\" id=\"2_use_a_comparison_website\"><\/span><strong>2. Use a comparison website<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Comparison websites will look at the eligibility criteria of many lenders. You enter your information, and they\u2019ll look to see which lenders are right for you. A <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/soft-credit-check\/\"><strong>soft search<\/strong><\/a> may be done to verify you, but this won\u2019t hurt your credit score.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-much-can-i-borrow\"><span class=\"ez-toc-section\" id=\"how_much_can_i_borrow\"><\/span><strong>How Much Can I Borrow?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can borrow from as little as \u00a350 to as much as \u00a35,000. You need to work out how much you want to borrow first as this will impact who you apply with<strong>. <\/strong>Some lenders will have minimum loan amounts<strong>. <\/strong>This means if you only want a <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/small-loans\/\"><strong>small amount<\/strong><\/a>, choose a lender that lets you borrow just that amount. It\u2019s not a good idea to agree to repay more than you need to borrow.<\/p>\n\n\n\n<p>With Lending Stream, you can borrow <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/50-loan\/\"><strong>\u00a350<\/strong><\/a> to \u00a3800 if you\u2019re a first time borrower. Existing customers can borrow up to <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/1500-loan\/\"><strong>\u00a31,500<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-the-repayment-terms-on-short-term-loans-with-bad-credit-in-uk\"><span class=\"ez-toc-section\" id=\"what_are_the_repayment_terms_on_short_term_loans_with_bad_credit_in_uk\"><\/span><strong>What are the Repayment Terms on Short Term Loans with Bad Credit in UK?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The repayment terms on short term loans are, as the name suggests, short! They tend to range from 3 to 12 months. But you may find some lenders who\u2019ll let you pay back your loan over a term of up to 3 years.<\/p>\n\n\n\n<p><strong>Some lenders will give you choice of how many months you need to pay it back<\/strong>. This allows you to budget so you can afford the repayments. But the longer you spend paying back your loan the more you\u2019ll end up paying in interest. Make sure you understand the costs involved with the loan you apply for.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-credit-score-is-needed-for-a-bad-credit-short-term-loan-in-uk\"><span class=\"ez-toc-section\" id=\"what_credit_score_is_needed_for_a_bad_credit_short_term_loan_in_uk\"><\/span><strong>What Credit Score is Needed for a Bad Credit Short Term Loan in UK?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There\u2019s no set credit score that you need to qualify for a short term loan for bad credit<strong>. Each lender will have their own criteria they\u2019ll use when assessing your application. <\/strong>This means your credit score might be acceptable to one lender but not to another.<\/p>\n\n\n\n<p>It might sound obvious but the higher your credit score, the better your chances of getting approved. And a higher credit score will mean you\u2019re more likely to be offered a lower the interest rate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-can-i-improve-my-credit-score\"><span class=\"ez-toc-section\" id=\"how_can_i_improve_my_credit_score\"><\/span><strong>How Can I Improve My Credit Score?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are things you can do to <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/improve-your-credit-score\/\"><strong>improve your credit score<\/strong><\/a>. Here are some tips to help you.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-check-your-credit-report\"><span class=\"ez-toc-section\" id=\"1_check_your_credit_report\"><\/span><strong>1. Check Your Credit Report<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Have a look through your credit file at what\u2019s been reported. Make sure there are no errors on there. You can check your credit report with the three main credit reference agencies in the UK. These are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.experian.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Experian<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.equifax.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Equifax<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.transunion.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">TransUnion<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>Make sure that all your details are correct. For example, an error in your address could stop you from being approved for a loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-make-all-your-repayments-on-time\"><span class=\"ez-toc-section\" id=\"2_make_all_your_repayments_on_time\"><\/span><strong>2. Make all Your Repayments on Time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Making all your repayments on time can make a big difference to your credit score<\/strong>. Paying back your debts when they\u2019re due shows lenders that you\u2019re reliable. It shows them that you manage your money well. &nbsp;<\/p>\n\n\n\n<p>If you\u2019ve missed any payments or have been late making them, bring them back up to date as soon as you can. Then always keep on top of them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-keep-your-credit-card-balances-low\"><span class=\"ez-toc-section\" id=\"3_keep_your_credit_card_balances_low\"><\/span><strong>3. Keep Your Credit Card Balances Low<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Lenders prefer it when you\u2019re not borrowing up to your credit limits. It shows them that you\u2019re good at managing your money. A good amount to borrow would be around 30% of your total credit limit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-register-on-the-electoral-roll\"><span class=\"ez-toc-section\" id=\"4_register_on_the_electoral_roll\"><\/span><strong>4. Register on the Electoral Roll<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>If you\u2019re not registered to vote, then get yourself signed up<\/strong>. It\u2019s a quick way to boost your credit score. By getting added to the electoral register, your credit score will go up. It\u2019s an easy way to improve your credit score.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"can-i-get-a-short-term-loan-for-bad-credit-without-credit-check\"><span class=\"ez-toc-section\" id=\"can_i_get_a_short_term_loan_for_bad_credit_without_credit_check\"><\/span><strong>Can I Get a Short Term Loan for Bad Credit Without Credit Check?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The short answer to this question is no. Lenders in the UK that are registered with the <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/financial-conduct-authority\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.lendingstream.co.uk\/blog\/financial-conduct-authority\/\" rel=\"noreferrer noopener\">Financial Conduct Authority<\/a><\/strong> (FCA) must follow their rules. This means that when you apply for a short term loan, the lender must carry out a credit check. It\u2019s part of the process of checking that you\u2019re not over committing yourself to too much debt.<\/p>\n\n\n\n<p>If you find a lender that offers you a loan without a credit check, read the terms of the loan. Don\u2019t let the idea of getting easy money get you into a situation you later regret.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-the-advantages-and-disadvantages-of-a-short-term-loan-with-poor-credit\"><span class=\"ez-toc-section\" id=\"what_are_the_advantages_and_disadvantages_of_a_short_term_loan_with_poor_credit\"><\/span><strong>What are the Advantages and Disadvantages of a Short Term Loan with Poor Credit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are good and bad points to having a short term loan when you\u2019ve got bad credit.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Advantages of taking out a short term loan with bad credit<\/strong><\/td><td><strong>Disadvantages of taking out a short term loan with bad credit<\/strong><\/td><\/tr><tr><td>The application process is quick, and you get the money fast.<\/td><td>The loan amount is small.<\/td><\/tr><tr><td>You\u2019re more likely to be accepted with a bad credit score.<\/td><td>They come with high rates of interest.<\/td><\/tr><tr><td>They can help improve your credit score if you make your payments on time.<\/td><td>If you don\u2019t make your repayments on time, it\u2019ll damage your credit score.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-my-options-if-i-have-bad-credit\"><span class=\"ez-toc-section\" id=\"what_are_my_options_if_i_have_bad_credit\"><\/span><strong>What are My Options if I Have Bad Credit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you have bad credit, there are still options available to aside from a short term loan. We\u2019ve listed the main ones below.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"1-bad-credit-personal-loans\"><span class=\"ez-toc-section\" id=\"1_bad_credit_personal_loans\"><\/span><strong>1. Bad Credit Personal Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Personal loans tend to let you borrow more money and have longer repayment terms.<\/strong> If you\u2019ve got bad credit, you\u2019ll have fewer lenders to choose from for this type of loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-payday-loans\"><span class=\"ez-toc-section\" id=\"2_payday_loans\"><\/span><strong>2. Payday Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/payday-loans\/\"><strong>Payday loans<\/strong><\/a><strong> offer smaller amounts of cash over a very short term<\/strong>. They\u2019re helpful if you\u2019ve got bad credit and need a bit of cash to tide you over to your next payday. But they come with very high interest rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"3-guarantor-loans\"><span class=\"ez-toc-section\" id=\"3_guarantor_loans\"><\/span><strong>3. Guarantor Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>To get a guarantor loan you need someone to agree to be responsible for paying back the loan if you don\u2019t.<\/strong> Guarantors tend to be a family member. These types of loans can help you get a loan if you\u2019ve got a poor credit history. The lender is taking less risk as they\u2019ve got someone else to go to if the loan isn\u2019t repaid.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4-secured-loans\"><span class=\"ez-toc-section\" id=\"4_secured_loans\"><\/span><strong>4. Secured Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Secured loans are only possible when you have an asset to secure the loan against<\/strong>. The asset is usually your home, but it can also be your car or jewellery. The asset means the lender has something they can sell to recoup the money if you don\u2019t pay. This makes it easier to be approved if you\u2019ve got a bad credit rating.<\/p>\n\n\n\n<p>You\u2019re more likely to find lower interest rates on secured loans compared to other loans for bad credit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"6-credit-cards-for-bad-credit\"><span class=\"ez-toc-section\" id=\"6_credit_cards_for_bad_credit\"><\/span><strong>6. Credit Cards for Bad Credit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Another term for these is credit builder cards. <strong>They\u2019re credit cards that are designed for people with a poor credit history.<\/strong> You can use them like a standard credit card to help improve your credit score.<\/p>\n\n\n\n<p>Be mindful that the interest rates will be high, so remember to pay them off when they\u2019re due.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"when-is-a-short-term-loan-for-bad-credit-a-good-idea\"><span class=\"ez-toc-section\" id=\"when_is_a_short_term_loan_for_bad_credit_a_good_idea\"><\/span><strong>When is a Short Term Loan for Bad Credit a Good Idea?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Short term loans for people with a poor credit rating can be helpful in emergency situations. <strong>In those moments when you\u2019re faced with an unexpected bill,<\/strong> <strong>a short term loan could help you out<\/strong>. This could be for the following reasons.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A car repairs.<\/li>\n\n\n\n<li>A broken home appliance like a washing machine breaking down.<\/li>\n\n\n\n<li>Being temporarily out of work.<\/li>\n<\/ul>\n\n\n\n<p>Whatever your emergency, you don\u2019t have to say what you need the money for when you apply. But don\u2019t let this tempt you into borrowing money for something you could live without. A weekend away or a great night out should be saved up for rather than go into debt for.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"faqs-short-term-bad-credit-loans\"><span class=\"ez-toc-section\" id=\"faqs_%e2%80%93_short_term_bad_credit_loans\"><\/span><strong>FAQs \u2013 Short Term Bad Credit Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1671482546941\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can_i_get_a_short_term_loan_with_bad_credit_without_a_guarantor\"><\/span><strong>Can I Get a Short Term Loan with Bad Credit Without a Guarantor?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, you can. There are lenders who offer short term loans for people with bad credit and with <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/no-guarantor-loans\/\"><strong>no guarantor<\/strong><\/a>. Direct lenders will make it clear if you need a guarantor when you apply.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671482731725\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can_i_get_a_bad_credit_short_term_loan_with_no_fees\"><\/span><strong>Can I Get a Bad Credit Short Term Loan With No Fees?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, bad credit short term loans are possible with no fees or charges. Check with the lender before you apply. Lending Stream won\u2019t charge you any fees for taking out a short term loan. Be mindful that most lenders will charge late payment fees, so check their terms when you apply.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671482757188\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"is_a_short_term_bad_credit_loan_good_for_credit_rating\"><\/span><strong>Is a Short Term Bad Credit Loan Good for Credit Rating?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/are-short-term-loans-good-for-your-credit-rating\/\"><strong>A short term loan for bad credit can help improve your credit rating<\/strong><\/a> if you pay it back on time. But if you miss repayments, your credit score will go down.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671482791392\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what_should_i_do_if_im_struggling_to_pay_my_debts\"><\/span><strong>What Should I Do if I\u2019m Struggling to Pay My Debts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p><strong>If you\u2019ve run into difficulty and you\u2019re worried about paying your debts, get help<\/strong>. There are organisations that\u2019ll give you advice for free.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Disclaimer:<\/strong> We are not providing financial advice. These are just tips for informational purposes. Also, we are not affiliated to any of the external parties linked here, they are provided for reference only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re looking for short term loans but have bad credit, don&#8217;t worry, you\u2019ve still got options. There are a lot of direct lenders you could turn to who look at more than just your credit score. But how do you know if a short term loan is best for you? To answer to this [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":26983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267],"tags":[],"class_list":["post-26982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans"],"_links":{"self":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26982"}],"collection":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=26982"}],"version-history":[{"count":1,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26982\/revisions"}],"predecessor-version":[{"id":26984,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26982\/revisions\/26984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media\/26983"}],"wp:attachment":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=26982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=26982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=26982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}