Short Term Loans for Bad Credit

£100 - £5,000 paid out by 10:30pm

How much would you like?

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

Beat Bad Credit with Short Term Loans Online

Credit reference agencies (CRAs) such as TransUnion, Equifax, and Experian are private organisations with an eye on your finances. The companies monitor and report various aspects of consumers’ finance habits, including how people manage their debts. Among their most familiar roles, these agencies are responsible for credit scoring, which assigns a figure to each consumer, based upon reporting from creditors. When you meet all your financial obligations on time and balance credit use, your “score” goes up; late payments and mismanagement push it lower. If you need fast cash, but your credit score has taken a hit, short term loans for bad credit may provide the alternative funding solution you’ve been looking for.

Understanding How Bad Credit Affects Short Term Loans

Your credit record follows you throughout your entire life, so it’s important to build positive references and protect your credit score from unnecessary harm. From your earliest credit interactions, reference agencies compile information about your performance handling money.

When you borrow money and make timely payments on debts, CRAs note it in your file. Each time you open a credit card account, the organisations are on alert, updating your credit records. And when public records include money judgements against you, the shortcoming is entered in your credit file.

Over time, positive outcomes are rewarded with a higher credit score, and negative entries result in penalties, driving your credit score lower. When patterns emerge, illustrating unhealthy credit behaviour, your score may drop into territory tagged “bad credit.”

How much would you like?

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

Major missteps such as bankruptcy and house repossession have a devastating impact on credit scores, resulting in downgrades taking years from which to recover. Other, less severe, shortcomings leave a minor blemish in your file, but may still disrupt an otherwise positive credit rating.

Each time you apply for a new line of credit such as a £100 loan or credit card, companies request information about your finances from credit reference agencies. When creditors such as banks, building societies, and credit unions require a comprehensive credit profile, they conduct “hard” credit inquiries, presenting the full scope of your credit history. In addition to your name, address, and other basic personal information, a hard credit pull includes information about

  • current outstanding debts,
  • electoral roll registration,
  • late payments on existing and past credit accounts,
  • house repossessions,
  • bankruptcy,
  • individual voluntary agreements,
  • county court judgements and other public records.

A bad credit history is on display when banks conduct hard credit inquiries, but an imperfect credit record doesn’t necessarily leave you without options. In many cases, online lenders use “soft” credit checks to pre-qualify applicants. Like hard inquiries, soft pulls also provide information about your past credit, but soft inquiries don’t leave a lasting mark in your file. Short-term loans for bad credit provide alternatives to conventional lending resources, furnishing fast funding for many credit-challenged UK applicants.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
Easy repayments

How to Establish and Maintain a Good Credit Score

Amidst an array of personal finance concerns, preserving a positive credit rating is a top financial priority for UK consumers. To build and protect a good credit rating, stick to these tactics:

  • Check Your Credit Report – Credit reference agencies conduct business without direct insight into your personal financial affairs. Their reporting reflects payment information and other data received from third parties, as well as facts and figures drawn from public sources. As a result, mistakes are made, which can have an adverse effect on your credit rating. The only way to be sure your file is up to date and accurate is to periodically check the information, confirming first-hand that details are correct. You’re legally entitled to an annual copy of your credit report from each of the three prominent CRAs, free of charge. Left unchecked, minor mistakes can snowball into bigger problems, leaving the wrong impression about your money handling habits.
  • Always Pay On Time – Your credit file not only tracks current credit accounts, but it also contains information about credit payments on accounts you held in the past. In order to protect your credit score or build a better one, you have to make timely payments, without exception. Failing to pay on time, every time, results in negative credit reporting that can sour your score. Creditors may be willing to overlook a single late payment, as a customer courtesy, but most credit card companies and banks won’t hesitate to share information about poor payment habits. Once you’re tagged a bad credit risk, future lenders may be less willing to offer credit terms.
  • Avoid Overutilising Available Credit – Your credit score is influenced by your payment history, as well as the way you utilise available lines of credit. For example, a series of credit cards with bourgeoning balances, close to your designated spending limits, is viewed less favorably by CRAs than a couple cards carrying relatively low outstanding balances. To preserve a good credit reference, resist the urge to run-up balances on lines of credit. Instead, use discretion when adding charges and leave plenty of available room under your credit limit ceiling.
  • Open Only What You Need – The competitive UK credit industry continually tempts consumers with introductory offers and other incentives for opening new lines of credit. Unless you need the money for a particular purpose, it often makes sense to pass on new credit cards and credit lines. Opening excess accounts can leave you with too many active balances, reflecting poorly on your personal credit management style.
  • Fully Wipe Outstanding Debts – Making timely payments is a good way to boost and preserve a favorable credit score, but it’s only one step in the right direction. In addition to paying on time, you should also strive to entirely pay off your debts, until accounts have a zero balance. Fully satisfying loans and other debts indicates commitment and follow-through, for which you’ll be rewarded with a higher credit score.

short term loans bad credit

Advantages of Short-Term Loans Online

UK credit consumers select from various funding resources for their short-term spending needs. Credit card companies, banks, building societies, and other finance sources serve diverse demands, ranging from day-to-day purchases to unexpected bills. Though traditional lenders put forth assorted financial products for qualified consumers, the approval process and eligibility requirements are not always ideal for UK workers needing quick cash.

When short-term spending demands arise, both good and bad credit applicants frequently turn to UK lenders online for fast funding solutions. Benefits of doing business with Omacl’s network of alternative online lenders include:

  • Saves Time – Short-term loans are used to address widespread personal spending needs. Because online lenders are sensitive to timely demands, the approval process for short-term loans is built for speed. Compared to in-person loans, which may take weeks to secure, online loans are rapidly funded for qualified applicants. The straightforward loan application takes only minutes to complete, without a substantial need for supporting documentation; money is transferred directly to your current account, once approved by a matched online lender.
  • Convenient – Consulting multiple bank branches for loan opportunities requires legwork and time you cannot spare with urgent finance needs on the horizon. In contrast, short-term loans for bad credit originate online, enabling you to make loan requests without leaving home. Loan brokers such as Omacl add further convenience by shopping your request to multiple providers, using a single application. The efficient approach not only ensures you’re matched with the best available lender, but it also facilitates fast turnaround times, providing quick cash.
  • No Spending Restrictions – Short-term payday loans are not designated for specific functions – you can spend the money however you want to. Car repairs, household bills, unexpected cost of living increases, and other personal spending requirements are all fair game for applying short-term loan proceeds – you always decide how to spend the money. Like other types of credit, online loans should be used with discretion, providing a financial safety net between paydays.
  • Flexible Sums – Despite consistent efforts to control cash flow, your financial future is always in flux – it is difficult to predict exactly how much money you’ll need and when surprise spending requirements will set in. Short-term online lending provides a flexible solution, allowing you to borrow only what you need to fill temporary cash flow gaps. Before applying online, work out exactly what you need; short-term loans for bad credit are available for as little as £50 and as much as £2,500, depending upon your preference and eligibility.
  • Affordable Repayment Terms – Flexible online loans are designed to provide short-term solutions, offering funds that are quickly repaid. Payback terms are structured for affordability, accounting for your payday schedule. All the particulars are established up-front, so there are no unexpected surprises affecting short-term loan repayment.

Short term loans for bad credit provide quick cash, without delay. When you need a lift from one payday to the next, the flexible online solution can help your stay current – even when other finance opportunities fall short.

short term loan bad credit

Can I get a loan even if I have bad credit?

Yes, of course. We specialise in finding solutions for borrowers with bad credit. We can have you matched up with a suitable lender within 30 seconds.

What is the application process to apply for an Omacl short term loan?

The entire loan application process will only take 3 minutes to complete. You will be given a decision instantly and money will be paid out within an hour. We will not contact you by post or phone. To get started now, just fill in the form here.

How quickly will my short term loan take to pay out?

Most loans are paid out within 30 minutes. We operate 24/7/365 and our customer service assistances are available to help with your loan today.

Omacl on the FCA Register

Omacl is a registered trading name of Chojin Ltd and is authorised and regulated by the Financial Conduct Authority (FCA). You can view our registration status via reference number 732880.

Free Financial Advice

If you are struggling with debt or are unable to make your loan repayments, please visit the websites below. All of them offer free, impartial advice.

Warning: Late repayment can cause you serious money problems. For help, go to