Bad credit loans

Everything you need to know about getting a loan when you have bad credit. 

What happens if you´re presented with a golden opportunity like, for example, a last-minute acceptance into an exclusive writing workshop you´ve been wanting to do for years but you´re low on funds? What do you do? Do you turn the opportunity down?  

Realising that some opportunities are simply too good to pass-up, you try to secure a loan from your local bank to cover the workshop and travel costs. However, due to a small financial issue you had a few years ago with a credit card, your credit isn´t so favourable and you´re unable to secure a loan from your local bank. Now what? What are your options? 

Catch 22

Money can be a powerful tool that opens doors and leads to more opportunities. So, when it comes to seizing opportunities and making things happen if you have what is commonly referred to as “bad credit”, how can you make things happen?  

It can feel like a catch-22. How do you ever get on top and get ahead? 

How much money should I put into the fund?

How much money you should put into your rainy-day fund will vary depending on your income, the size of your family, your monthly costs and, of course, your lifestyle. However, experts agree that you should aim to have at least 3-6 months worth of expenses saved. 

Looking For An Alternative

So, you have so-called bad credit? No problem. Yes, that´s right there are options available for short-term loans with bad credit. You may have had difficulties in the past and that´s OK.  

Welcome to Ferratum Money; we strive to say yes when other banks or financial institutions say no. We´re often able to provide short-term loans to people with low credit scores. 

A Positive New Start

We understand that borrowing money is more than just a financial transaction – it is a relationship built on trust and reliability. At Ferratum Money, everybody is welcome.  

If you have a low credit score and you need access to money to make this happen quickly, you may be eligible for a Microloan.  

Subject to approval, we can start things off with a small loan. If all goes well and you successfully repay the loan, we may be able to increase your loan amounts if and when you need it.  

Applying for a loan with Ferratum Money is easy. Simply complete an online application. Applications take just minutes to complete and, once approved, you get the funds in your nominated bank account within hours! 

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: APR 1270% if borrowing £400 for 4 months. Interest rate: 292% p.a. (fixed). Total amount repayable: £665.48 by four instalments of £166.37. Maximum representative APR: 1604% if full loan repaid after 7 days.