Bad credit loans and low credit scores

If you have a low credit score or have had problems with credit in the past that has given you a bad credit score you may have limited credit options.

At Moneyline, we do not look for a perfect credit score. We know that things can change and it can be hard to build a high credit score so you can apply for a loan with Moneyline even with a low or bad credit score.

What do we look at?

We use the information you give us, along with your bank statements and information from credit reference agencies, to help us make a decision.

We look at things like:

Your income
Your bills and other regular costs
Other loans or credit you are paying
Your recent payment history

Importantly, we want to make sure the loan payments are affordable for you.

Can I get a bad credit loan if I have missed payments?

A missed payment in the past does not mean we will say no but we might ask a few questions to understand why you missed payments.

We look at your current situation and whether you can afford the payments now and for the length of the loan.

Does Moneyline check my credit score?

Yes. We use information from credit reference agencies as part of our checks.

We also look at your bank statements and the information you give us. This helps us understand your current situation and make a decision on your application.

What if we cannot offer you a loan?

Sometimes we may decide that a loan is not right for you at the moment.

If that happens, you may still be able to apply again in the future if your circumstances change.

You can also use our MoneyToolkit to see if there is other support available, including help with bills, income and money worries.

Before you apply

Think about whether a loan is right for you and if the repayments are something you can commit to alongside your other bills and costs.

We want to make sure the loan is affordable for you, both now and for the length of the loan.