Welcome to UK-Loan-Market!

You may avail a Bad Credit Unsecured Loan if you have a bad credit history and you do not wish to offer your property as collateral.

Bad Credit Unsecured Loans are specially designed for non-homeowners, private tenants and council tenants who have a poor credit score. Unsecured loans are ideal for tenants since they do not own a house and cannot offer collateral. Homeowners who do not want to offer their house as a security may also apply for Unsecured Loans.

The turnaround time of a Bad Credit Unsecured Loan, from filling up the application to receiving an answer and ultimately the loan, is much faster than the turnaround time of a Secured Loan. This is because there is no need for the valuation of any property in case of an Unsecured Loan.

A Bad Credit Unsecured Loan is ideal for those who have had arrears, defaults, county court judgements and bankruptcy.

Unsecured Loans are generally more expensive in terms of interest rate than Secured Loans, and the repayment periods are shorter too. However, it should be kept in mind that the interest rates, repayment terms and loan amount vary according to the financial situation and the credit history of different borrowers.

You can use an Unsecured Bad Credit Loan for any purpose. It can be used to buy a car, to pay college fees, for home improvement, to finance a holiday trip, etc.