Secured loans for poor credit
Past mistakes shouldn’t dictate your financial future . Find the best deals from adverse credit friendly lenders.
Loans from £10K to £250K
No hidden fees
No upfront credit checks
All credit types considered
Repayment over 3-30 years
100% LTV products available
Get the funds you need, when you need them.
Loans for poor credit in 3 simple steps
Arranging a loan has never been simpler. Find the best rates on the market in just a few minutes
Check eligibility
Let us know your details, the amount you need, and information about your property, and we'll check your eligibility.
Get matched
Once we receive your details and confirm you're eligible for a loan, we will match you with a an advisor or lender that suits your circumstances.
Receive funds
With your approval, the necessary property and legal checks are carried out. Once everything's cleared, the lender will release your funds. We always work to get this to you as soon as possible.
Customer testimonials
Find out what our customers have to say
Perfect for debt consolidation
A secured loan can provide a helping hand with multiple debts. Borrow over a longer term to consolidate debts into a single, lower monthly payment.
Monthly payments before
Reduction after consolidation
New affordable monthly payment
£492
Won’t harm your credit score
All credit types welcome
Consolidate debts
Give yourself some wiggle room by consolidating debts into one affordable monthly payment.
Up to 30 years repayment terms
Our dedicated team is here to guide you through the loan process and provide personalized support.
Loans for any purpose
Whether it’s a new vehicle, improvements to your home, or paying of credit cards we have you covered
Solutions tailored to you
Get expert advice from qualified advisors who will ensure your next step is the right one
Won’t harm your credit score
Why use a secured loan
Lowest rates
By using your property as collateral you’re able to access much lower interest rates than a personal loan.
Higher loan amounts
Depending on the equity in your property, secured loans can let you borrow significantly more than an unsecured loan.
Longer repayment terms
Secured loans can offer longer repayment terms, making them a great option for larger loans.
Property as collateral
Because your property is used as a guarantee it’s important to keep up with repayments. Missing them could put your property at risk.
Bad Credit Loans for any purpose
A new kitchen, renovations, a big trip, or perhaps some breathing room – we have you covered.
Consolidate debts
Tired of managing multiple payments? Pool them all together into a single squared-off amount. Streamline your repayments and potentially reduce your monthly outgoings.
Home improvements and renovations
From sprucing up the garden to adding a new conservatory, use our loans to bring your home improvement dreams to life without denting your current savings.
Provide a helping hand for poor credit
Past financial missteps shouldn’t always dictate your present. We consider the bigger picture, offering loan solutions even if your credit history isn’t picture-perfect.
Pay for major life events and emergencies
Whether it’s a dream wedding, a grand family holiday, or sudden house repairs our loans can help cover the significant milestones in life.
Vehicle Purchase
Time for a new ride? A secured loan can allow you to borrow a significant amount at some of the lowest rates on the market.
Why Squared?
Navigating secured loans might seem like a complex puzzle, but with Squared Money, every piece fits just right. Here’s what sets us apart:
Quick and simple
Begin with our straightforward online form. Within minutes, you’re on your way to securing the finance you need. No jargon, no fuss.
Bespoke solutions
Everyone’s financial landscape is different, and we respect that. After understanding your needs, we handpick loan proposals that sync perfectly with your situation.
Protecting your financial footprint
Our initial assessments utilise soft searches, ensuring no adverse impact on your credit profile.
No hidden fees
Hidden charges? Not on our watch. With Squared Money, you’ll always know exactly where you stand. No surprises, just clear, squared-up facts.
Competitive interest rates
Benefit from our competitive interest rates, ensuring affordable repayment options tailored to your needs.
Fast approval
Experience swift approval decisions, allowing you to access funds promptly for your financial goals.
Bad Credit Loan Guides & Resources
If you’re interested in learning more about bad credit loans and how they could benefit your financial situation, we invite you to explore our comprehensive resources. Our guides cover everything from the basics of what poor credit loans are to more detailed aspects like how they can impact your credit score and the specific requirements for securing a loan.
Having a poor credit score can make borrowing feel like an uphill battle, especially when traditional lenders turn you down. However, bad credit loans are designed to help individuals with less-than-perfect credit histories access the funds they need.
This guide explains what bad credit loans are, how they work, and who they’re for. It also covers the risks, benefits, and tips for managing these loans responsibly. By the end, you’ll understand your options and be better equipped to make informed financial decisions.
When facing financial challenges and a less-than-perfect credit score, choosing the right loan type can make all the difference. For borrowers with poor credit, the decision often comes down to secured loans and unsecured loans. Each option has its benefits and risks, and understanding these can help you make a more informed choice.
This guide explores the differences between secured and unsecured bad credit loans, comparing their pros and cons, eligibility requirements, and real-world applications to help you determine the best option for your financial needs.
Applying for a bad credit loan may seem daunting, especially if traditional lenders have turned you down in the past. However, with the right preparation and approach, you can improve your chances of approval and secure the funds you need.
This step-by-step guide will walk you through the application process for a bad credit loan, from assessing your finances to comparing lenders and submitting your application.
Frequently Asked Questions
Find answers to common questions about our bad credit loans.
A bad credit loan is a product aimed at individuals who have a low credit score or limited credit history. While rates are higher than mainstream lending, these loans give those with past defaults or CCJs an opportunity to access funds when traditional banks decline them. Regular, on-time repayments may even help rebuild credit in the long run.
For an introductory overview, see What Are Bad Credit Loans? A Beginner’s Guide.
Though eligibility standards vary per lender, most subprime providers require:
Proof of Income: Payslips, self-employment records, or benefits statements.
UK Residency: Verifiable address history, typically at least 6–12 months.
Credit Checks: A poor credit rating is acceptable, but extreme, unresolved defaults or recent bankruptcies might still result in rejections.
ID & Address Verification: Passport, driving licence, or utility bills to confirm identity.
Lenders gauge affordability more than perfect credit, focusing on your ability to sustain monthly instalments despite a rocky score.
The amount you can borrow with a bad credit loan may be less than what’s available with conventional loans, reflecting the higher risk associated with poor credit histories. At Squared Money, you can apply for bad credit loans ranging from £10,000 to £250,000, depending on your repayment capacity and financial requirements.
Tip
Only borrow the sum you genuinely need. Interest piles up quickly at higher APR, so a bigger loan just for “extra cash” can become an expensive choice.
Most subprime lenders allow broad usage, from clearing overdue bills to funding necessary home or vehicle repairs. Common uses include:
Debt Consolidation: Rolling multiple store cards or payday obligations into one monthly payment.
Emergency Costs: Medical bills, urgent travel, or unexpected home fixes.
Household Essentials: Appliances or furniture if saving is impractical due to immediate needs.
Check if the lender imposes any specific restrictions (e.g., some might exclude business or property purchases). For an example of bridging shortfalls responsibly, see Using Bad Credit Loans for Relocation Expenses.
Repayment typically follows fixed monthly instalments over 6 to 36 months, or sometimes longer if secured. You’ll want to confirm:
Term Length: Shorter durations reduce total interest but raise monthly costs. Longer terms do the opposite.
Early Settlement: Some lenders permit partial or full payoff earlier. This can save interest if the penalty isn’t steep.
Late Payment Fees: Missing or delaying instalments can trigger fees and harm your credit further.
If you hope to repay sooner, see How to Repay a Bad Credit Loan Early: Tips and Benefits for strategies and cautionary notes.
We match you with the best loan, tailored to your needs. Plus, with our streamlined process and connection to expert advisers, we ensure a hassle-free experience from start to finish.
Square your finances with us
today.
Discover how much you can borrow with our free loan assessment today.