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Are poor credit loans different to other loans?

With so many short-term loans now available on the market, you can often be left with too many poor credit loans to choose from. Whilst such choice does enable you to shop around until you get the best deal, it can also make choosing your loan confusing and frustrating. Eliminating this, we enable you to quickly and effortlessly find the right loan and direct lender for you. Not only will this save you a lot of time, but you will also be able to ensure you get the very best deal.

The lenders we feature all try to help people with poor credit histories, and because they are authorised and regulated by The Financial Conduct Authority.org.uk, you will have a much better chance to get a poor credit loan that is as fair as possible. Therefore, if you are worried that your less-than-perfect credit score may affect your chances of getting a short-term loan, we are confident that we can help you.

Why Choose Xav Loans?

Adaptable loans from friendly people

Flexible Instalments
Over 3-24 months
Instant Offer
Borrow up to £2,500
No fees
No initial credit check**
No paperwork
Cash in 10 minutes*
All credit histories considered
UK based company
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Not sure if you’ll be accepted? Try our Eligibility Check

Who are the best poor credit direct lenders?

You may think that the best poor credit direct lenders are the biggest, most well-known lenders. Whilst it is true that many such lenders are featured in our partner’s panel and may offer you the best loan, they use your own information to find the best lender for your specific needs. This means that it may be a large, famous high-street lender or a less well-known lender who just happens to match your specific requirements the best.

As they have so many direct lenders in their panel, you will have a much better chance of finding the right short-term loan for you. Therefore, whether it’s a famous direct money lender or a specialised lender offering a very specific type of loan, you will know that they are fully authorised and regulated by the FCA.

We are entirely independent, we will not favour one lender over another. We will always look to refer you to the lender that is the cheapest for your circumstances. Furthermore, because we have such a huge selection, you will save valuable time, quickly identifying the most competitive and suitable loans being offered.

How quickly can I get a poor credit loan?

Most lenders understand that short-term loans are often required suddenly and in emergency situations. Therefore, if you are looking to borrow money but have poor credit, we can help you get the money you need as quickly as possible, often at any time of the day or week.

To make the entire process as streamlined as possible, you can now apply for a quick loan entirely online. Once you have completed your online application, most direct lenders promise to give you an instant decision. This means you know right away whether you have been approved or not.

Furthermore, if your application is approved and the lender agrees to give you the money, they will try to get it into your bank account in just 10 minutes*. Whilst this time may vary depending on your own bank’s processing times, it clearly shows that you will be able to get the money you need incredibly quickly.

Getting a loan with Xav Loans

Fast online application
Find your best loan rate
Instant decision
Cash paid in 10 minutes*
Flexible repayment terms

What types of poor credit loans are available to me?

With so many direct lenders now offering poor credit personal loans, there is a huge selection for you to choose from. This means that you now have a much better chance of being approved and that you are more likely to get a loan that meets your own needs.

To be as adaptable as possible, our partner has created a large panel of lenders specialising in providing loans to people with bad credit scores. Wanting to give as many different people equal access to loans when they need them, they have ensured that the lenders we feature cover as wide a spectrum of types as possible.

Therefore, we feature loans for people in full-time education, loans for others who want a guarantor, as well as loans for people who want the money delivered to their home in cash. As such, whatever your background, as long as you meet some basic requirements, we are confident that we can help find you lenders offering the loan you are looking for.

What are the basic requirements to get a poor credit loan?

There are various requirements that you must meet in order to be able to apply for a short term loan for poor credit, just like there is for every other type of loan. Whilst lenders will, of course, have their own specific requirements, often in the form of requiring a guarantor or only borrowing money for a specified period of time, many will not be as rigid in what they require.

However, as all of the lenders on the panel are authorised and regulated by The Financial Conduct Authority, there are certain requirements that you must meet in order to be approved for a loan. These are often very basic and should not be a problem for most people looking to borrow money.

Such requirements can include the need to be a UK citizen and to have a UK bank account in your name into which the money can be paid (unless you specifically seek a loan that pays you in cash). Some lenders may insist on speaking to you over the phone, whilst others will be happy to conduct the entire process online. Another basic requirement is that you are in some form of employment, and earning above a certain threshold, although there are lenders who aim to help people not currently in employment.

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