Apply Online Now!


My Repayment

Amount borrowed
Total Repayment Amount
Monthly Repayment
No. of Repayments

Representative Example

Loan Amount (for 4 months)
Three Repayments of
One Final Repayment of
Total Repayment
Interest Rate
292% pa (fixed)
1244.0% APR

Loans for Bad Credit

Living with a bad credit rating can be challenging in times of financial stability but can cause havoc in the event of a financial emergency and you need to apply for a bad credit loan. Where can you turn when you have a short-term monetary crisis? You need something that can give you a decision in minutes and can send the emergency funds to you when you need it most.

If you have a poor credit record, you should consider Uncle Buck Payday loans for bad credit. Applying is simple, hassle-free and, because we are a direct lender, we won’t be contacting multiple lenders who may each leave a record on your credit file.

Why is it difficult to get loans with bad credit history?

Bad Credit Loan Application

While a bad credit history does not mean that you will automatically be declined for an application of credit, it does heavily affect your likelihood of being approved. Lenders will be keen to know your repayment history as this will tell them if you are likely to meet your repayments and successfully pay back what is owed. A bad credit score could be an indication of missed payments or a succession of recent applications for credit, which will leave the lender with some doubt about the stability of your finances and your ability to meet repayments.

While there is no guarantee that an application for a short term bad credit loan will be declined or accepted, it’s key to be as upfront and honest with your application as possible. Let the lender know your outstanding financial commitments and monthly expenditure as accurately as possible; failing to declare expenses and then being approved for a bad credit loan could harm your ability to meet the repayment commitments.

A bad credit history indicates to the lender that your track record of meeting repayments or steadily maintaining credit accounts (not making a large number of credit applications in a small space of time) is uncertain or could be improved. This lack of assurance increases the risk to lenders of a customer missing payments and failing to uphold the terms of the lending agreement. Therefore, a lender can make an offer of credit to people with a low credit score but these will typically be with higher costs when compared with a customer that has a good credit score and has a good history of meeting their repayments.

Will my low credit score mean I can’t get a loan from Uncle Buck?

Not necessarily, while Uncle Buck does use credit scores as part of application checks, they are not the sole indicator for approval. Uncle Buck is committed to responsible lending, so we treat every new customer’s request for credit like a fresh application and will conduct credit and affordability checks to assess your current financial situation. This allows Uncle Buck to offer loans to customers that have been turned down for credit by other lenders based on a bad credit score.

Can I get a bad credit loan from Uncle Buck?

Loans for People with Bad Credit

Yes, Uncle Buck does offer bad credit loans. These loans are for financial emergencies, where a high-cost short-term credit (HCSTC) loan would allow a customer to ensure that an immediate cash-flow crisis can be dealt with and that payments for existing obligations are not missed, causing unnecessary stress.

However, loans for bad credit from Uncle Buck are still subject to the industry-standard affordability and credit checks.

What is a bad credit history?

If an individual has a bad credit history, this is an indication to lenders that their ability to manage personal finances is not stable. A bad credit history could show evidence that an individual has missed payments, has a high utilisation of credit cards, has made many credit applications in a short space of time or they have fallen into arrears.

Put simply, a bad credit history is something that could hamper your chances of approval for a number of credit applications and could affect your spouse or close family, if you hold joint accounts. A poor credit score could impact small purchases like mobile phone contracts to much larger financial commitments like finance agreements for cars or mortgages.

What is a Credit File, and how is it different to a credit report?

A credit file is a raw database that comprises of your personal and financial details obtained from credit card providers, loan providers such as Uncle Buck, banks and other services that allow you to borrow money or credit.

Typically, the Credit File will include:

Personal Details: Name, date of birth, current address, place of work, and gender

Account Information: A breakdown of your credit accounts (loans, credit cards etc,) their balance, when they were opened or closed, how much activity there was each month, your payment history and whether any payments were overdue or missed.

Credit Inquiries: This refers to the credit applications that you’ve made in the last two years. Keep in mind, credit inquiries come in two forms: a hard inquiry and a soft inquiry. A hard inquiry is made by a financial institution when making a lending decision, which will leave a mark on your credit report for up to two years and could affect your credit score; a soft inquiry is not linked to an application for credit and does not affect your credit score.

Defaults and other black marks: Defaulting on debts, declaring bankruptcy.

Past and present employers: The credit file also lists previous and current employers.

Unlike a credit file, which is just the raw information, the credit report is the neat presentation of the many data points that your credit file outlines. This is typically what you would be presented with, when you visit a Credit Reference Agency.

What is a credit score?

Your Credit Score is a more short-term snapshot of your current score/rating, as calculated by the Credit Reference Agencies. This summarises your likelihood of being accepted for credit at any given moment in time. It’s more like a single test, than an overall CV, so it’s that much easier to improve your credit score in the short term with a bit of effort.

How to find your credit score

Your credit score will be compiled by three credit reference agencies (CRAs), Equifax, Experian and Transunion (formerly CallCredit). Each of these CRAs may score you slightly differently as it is not always the case that each agency will have access to exactly the same data. Therefore, it is important to review your score with each lender.

To find your credit score, it is a good idea to create an account with the following websites, each of whom will pull your credit score from a particular CRA.

  1. Clearscore
    Clearscore is a free website that pulls data from your Equifax credit report.
  2. Noddle
    This is another free site for checking your credit score and assessing your credit history. Noddle will use data from the CRA Transunion.
  3. Experian
    For checking your Experian credit score, the easiest and simplest thing to do is create a free account with Money Saving Expert to access their Money Saving Expert Credit Club, which offers the full Experian credit report and credit score for free.

Some sites may provide a fee to generate these details for you. For example, CheckMyFile has a monthly fee and will provide a credit score and report from all three major CRAs.

What’s a thin Credit File?

A thin credit file refers to a credit file that has very little data. By itself, a thin credit file does not indicate a poor lending history and a poor money management plan; a thin credit file is simply saying that an individual does not have many credit applications – they may not even own a credit card or have any loans.

Some argue that having a thin credit file means you are reliable with money because you do not make applications for credit. However, since the purpose of the credit file and credit history is to build a reliable picture of responsible lending, a CRA has no consistent proof that an individual could maintain their regular payments.

Bad Credit Loans from Uncle Buck

While we cannot guarantee that applications for Bad Credit Loans from Uncle Buck will be approved, we treat every request for credit like a fresh application and will conduct credit and affordability checks to assess your current financial situation.

To be eligible to apply for a bad credit loan with Uncle Buck, you must be at least 18 years old, a resident of the United Kingdom, have a valid mobile phone number, have a valid debit card, valid bank account as well as a steady income.