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£500 Loan Bad Credit Decisions

Get a quote in 2 minutes, then decide if you want the loan. If you are unsure if you will be accepted, try our QuickCheck

Loan amount £1000
Over how many months?
79.5% APR Representative

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Try QuickCheck to find out your chances of being accepted - 100% no credit footprint!

Try QuickCheck to find out your chances of
being accepted with no impact on your credit footprint!

Digitonomy Limited (trading as Clever-Loans) is a credit broker not a lender. All Applications Subject to affordability, UK residents only

Rates between 11.8% APR and Maximum 1721% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

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£500 Loan Bad Credit Decisions

You may think that loans are designed for borrowing large amounts of money, but it is possible to borrow smaller amounts, such as a £500 loan. A common concern many people share is being able to find a lender which offers a £500 loan with bad credit. However, with so many people requiring funds, there are a range of £500 loans available.

What are £500 loans?

A £500 loan is a short-term loan, designed to provide cash for an emergency situation or essential purchase. By only borrowing the funds you require, you will keep the amount you owe to a minimum. As a short-term loan, it will have to be repaid quickly. Unlike payday loans, the £500 loans which we arrange can be repaid in 3, 6 or 12 months. This convenience will allow you to arrange affordable repayments, which suit your individual requirements.

If a £500 loan is not the ideal amount, through our lenders we can also offer loans of £100 up to a maximum of £5000. This means you can borrow the exact amount you require, through competitive, simple and quick loans. If you choose to borrow less than £1000, you will be able to choose a repayment period of up to 12 months. For amounts above £1000, you can select repayment periods from 6 month to 36 months.

£500 loan bad credit decisions

If you are worried about a poor credit history, we can arrange loans where people with bad credit are considered. If you have been refused a loan in the past from a traditional lender, we have partnered with a range of alternative lenders which specialise in Step Charge and poor credit loans.

If you are concerned about your eligibility for a loan due to a bad credit history, we recommend using our innovative QuickCheck tool. The tool will ask a few key questions to give you an idea of your eligibility for a loan, without leaving a credit footprint. There is absolutely no obligation to apply for a loan once you use the tool.

If you decide to apply for a loan through our website, initially only a soft search credit checking technology is used. This ensures no footprint is left on your credit file, which is ideal if you are worried about a negative impact on your credit file from too many searches. If you decide to accept your loan quote, the lender will complete a final hard credit check of your file. However, by this stage your application will already have passed through initial checks to match you to the lender most likely to approve your loan.

How do I arrange £500 loans?

As a broker, we can match you to the ideal lender for your £500 loan. Simply complete our quick and simple online application form and we will match you to loan which is the best match for your individual requirements. We will need to know how much you are looking to borrow and how long for, in addition to key personal and financial details.

We will then source the best loan offer for you from up to 40 potential lenders, whether you have an excellent credit rating or a poor credit history. If you choose to accept the quote, the final checks will be completed, and the cash could be sent to your account in minutes. However, the time it takes for the funds to be available in your account will depend on your individual banks processing times.

Before you decide to borrow money, you should always consider whether the repayments will be affordable both now and in the coming months. If you are struggling financially, there are organisations which can offer independent financial advice. Both Step Charge and Money Helper will offer free and impartial advice if you are facing financial difficulties. To find out more about a £500 loan with bad credit decisions, please contact our team today.

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender.