| Short term loans

Bad Credit Loans

Bad credit loans are a specialist type of loan that helps those of us with a poor credit history.

Moolr™ offer help with finding bad credit loans. FREE, no-obligation market search. Little loans, big help

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Before applying for a loan, please check your finances to ensure that you will be able to meet your repayments. If you are struggling then a bad credit loan may not be right for you.

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At Moolr, we specialise in working with lenders who offer bad credit loans.

It is important when considering any service that you understand everything that is described. In this section, we introduce you to the concept of bad credit loans. We examine what they are, who they affect, and what are the considerations when applying for one.

Acceptance Criteria

Lenders have wide-ranging criteria when considering a customer’s application for a short term loan. Ultimately, the ‘acceptance criteria’ determines whether a lender will lend money to someone. This can be anything from the age of the customer, monthly income, or the credit history of the customer.

Credit Report

It is the credit history that is key when explaining what we mean by “bad credit”. This term is used for those of us who have taken out several forms of credit in the past, and more specifically, those who have struggled to keep up with repayments.

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A Loan is Possible

It’s too easy to think that because you have had problems in the past, that you will never be able to obtain credit again. It is true, that finding credit can be harder, but by all means, everyone is entitled to a second chance. This is the view of many loan providers Moolr work with.


Most lenders work with a ‘risk score’. This risk score is the mechanism lenders use to determine the credit-worthiness of a customer. Put simply, how likely they are to be able to repay the loan. This mechanism is not only in place to protect the lender, but also you, the customer.

Responsible Lending

The rules of responsible lending state that lenders should only provide a loan if they are confident the customer will be able to repay. Also that it won’t cause financial hardship to do so.


When considering applying for a loan in relation to a customer’s risk score, you must consider lenders. Lenders offering loans to those of us with a less than perfect credit score know what signs to look out for within one’s credit report. This means they are able to offer a loan that other lenders would not be able to.


Put in simple terms, there is a risk with a customer with a bad credit history that they won’t be able to repay. If this happens, then it can negatively affect your credit score, which will affect your chances of obtaining credit in the future.


In order to balance out this potential, loans aimed to help those with a chequered borrowing past will often come with a higher APR than for those with a normal, or good credit history. In layman’s terms that we can all understand, it may cost you more to repay your loan.


This type of borrowing can largely be viewed positively, whilst considering various factors. Financial planning is essential, and lenders who specialise in lending to those with bad credit are in a position to help us get our credit report back on track.

Second Chance

Lenders provide us with a ‘second chance’ loan offer. If you successfully repay your loan, then a positive marker is put on your credit report. This will slowly but surely will help you get your credit report, and ability to borrow in the future back on track.

You may also be interested in reading our bad credit loan blog.

Bad credit loans can help those of us with a less than perfect credit score