GoCompare Bad Credit Loans
Compare a wide range of trusted lenders. Borrow £1,000-£25,000. Check your eligibility with no credit score impact. Competitive rates for poor credit.
GoCompare Bad Credit Loans are aimed at borrowers with a less-than-perfect credit history who need funds for home improvement, a new car, or debt consolidation. You can borrow between £1,000 and £25,000, typically over one to five years. While rates vary based on your credit profile, expect higher interest rates than mainstream loans. Checking your eligibility will not affect your credit score, and GoCompare partners only with trusted providers.
How to Apply: Step by Step
- Visit the provider’s website and select ‘bad credit loans’
- Enter your personal and financial details into the eligibility checker
- Compare quotes from several lenders displayed for you
- Select the offer that best meets your needs and complete the lender’s application
- Once approved, your funds are typically paid out within days
Advantages of GoCompare Bad Credit Loans
One major advantage is the ability to check your eligibility without impacting your credit rating. This lets you compare multiple lenders risk-free before applying.
Another benefit is the wide choice of trusted lenders, specialising in loans for those with poor credit. You can shop around for the most suitable terms and competitive rates, all in one place.
Drawbacks to Consider
The main downside is higher interest rates compared to mainstream loans. Lenders see applicants with poor credit as greater risks, so they charge accordingly.
Additionally, borrowing limits may be lower and the choice of loan products can be more limited if your credit score is very low. Take time to review all terms.
Our Verdict
GoCompare Bad Credit Loans offer a convenient and safe way for applicants with poor credit to compare loans, with no risk to your credit score. This service is ideal for those who need funds but want to avoid rejection and protect their rating. For the best outcome, check your current credit, budget responsibly and review all offers before any commitment.
