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Bad Credit Loans Alternative

£200 £2000 Representative Example: Amount of credit: £1200, interest rate: 49.9% pa (variable) and 1.65% transaction fee. Representative 68.7% APR (variable)

We understand that not everything always goes according to plan and you may have missed payments or even have past defaults on your credit file. We use our proprietary technology to consider a variety of factors which go beyond just looking at your credit score to understand your application. Our 100% online application process gives you an immediate decision and tells you your credit limit straightaway.

We consider the present and understand that most people have valid reasons for missing their payments in the past and it does not mean that they are no longer creditworthy. We know that access to credit is important. Our bad credit loan alternative helps people, who may not qualify for a loan from a bank, borrow money without needing a guarantor or having to pay the high interest rates associated with payday lending.

How do I apply for a bad credit loan alternative from Polar Credit?

Please fill in our application form where you need to provide us with some details about yourself, such as your name, address and date of birth, as well as details about your employment, income and expenditure. The whole process takes place online and we will tell you our lending decision at the end of the application.

We give you an instant decision on your application and you can transfer cash directly to your nominated bank account immediately on approval.

I’ve been approved. How can I borrow money?

We have a simple and straightforward process for you to access your revolving credit facility even when you need cash on the same day. All you need to do is to log into your account online, enter the amount of money that you need to borrow, subject to a minimum of £25, and we will transfer the funds to your nominated bank account straightaway as long as you comply with the terms of your credit agreement and have available credit limit on your account.

We use the most advanced technology to give you quick access to cash whenever you need it. We transfer the funds to your nominated bank account and you can then use your debit card as you normally would to withdraw cash or to make purchases in store or online. Think of us as your online credit facility that can be used to combine the existing benefits of your debit card with the ability to borrow money when you need to.

Can I get a bigger credit limit with a poor credit history?

Rebuilding a poor credit history takes time at Polar Credit we provide an alternative to bad credit loans with a sensible credit limit that fits your existing finances but also let’s you show that you are able to manage your credit commitments responsibly and can budget appropriately to make your repayments on time. As you build up your repayment track record with us your Polar Credit line credit limit can grow to give you more flexibility to access additional credit when you need to.

We conduct periodic account reviews and increase credit limits where customers have demonstrated their ability to meet their credit commitments in a responsible manner. At the same time we understand that additional credit over and above your existing credit limit may not always be something that you are looking for. We will never increase your credit limit without first getting a confirmation from you that this is what you would like to see happen.

My bad credit application was declined. What can I do?

We care about you as an individual and want to understand further your individual circumstances. We do not use generic bad credit loans scoring models to assess applications and we accept that we will not always get our lending decisions right. If your application for a Polar Credit line is unsuccessful don’t think that your only option is to apply for a bad credit loan from a different provider, contact us and let’s work together to see if your Polar Credit line application can be approved. Please understand that you may be asked to provide additional information to support your account review.

Bad credit management in the past does not mean that bad credit loans are the only option when you need to borrow money. Apply for a Polar Credit line today and see how our technology can help you borrow money today.

Ready to Apply?Polar Credit

Representative Example: Amount of credit: £1200, interest rate: 49.9% pa (variable) and 1.65% transaction fee. Representative 68.7% APR (variable)

£200 £2000