Bad credit loans
If you've struggled to get a loan because you've got bad credit, Morses Club may be able to help. Once you've been accepted for a loan, you're free to spend the money however you need.
Can I apply for a loan if I have bad credit history?
A poor credit score can make it difficult to secure a loan from a bank or other traditional creditors, especially if you've been refused credit elsewhere. If you've had poor credit, CCJs or defaulted payments, Morses Club will still consider your application. Even with bad credit, loan applications are looked at on an individual basis and all circumstances are considered*.
What is a credit score?
Your credit score is the measure of your creditworthiness. This is based on your credit history and how you've handled your finances historically.
There are many factors that go into determining your Credit Score. It also changes based on your behaviour – so if you apply for credit, this will also have an impact on your Credit Score.
The three main Credit Reference Agencies in the UK that determine your Credit Score are Experian, Equifax and CallCredit. You can go online at any point to any of their websites and find out your Credit Score for free.
For definitions of other common financial terms, take a look at our jargon buster page.
With a bad credit loan
- New customers can get up to £400 in just a few days
- Existing customers can borrow up to £1500
- No hidden charges or administration fees
- Fixed weekly payment amounts
- Friendly agent home-collection service
- Fixed interest rates
Call now or apply online today and see if you could be approved in principle for a Morses Club loan. There's no paperwork involved, however you may need to provide documents during your affordability assessment.
Don't let bad credit put you off getting the loan you need.
*Excludes people who have been declared bankrupt, applied for Sequestration, had a Debt Relief Order or an Individual Voluntary Agreement within the past 6 years.