Struggling with bad credit? Take a look at Polar Credit before you start any loan applications.
We are a direct lender offering a credit line to help you through financial difficulties. We have a quick and transparent application process that doesn't just focus on your credit history. Instead, we look at the bigger picture to see if an account with us can be a better option for you.
If you have a low credit score, we can still take a look at your application and work with you to find the best solution for your situation.
Remember, we are on your side.
If you’ve been searching online for a personal loan for bad credit history, you may already know how difficult it can be to find lenders willing to help. Many banks and traditional lenders base their decisions purely on your past borrowing record, which can make approval for various types of loan almost impossible if you’ve ever missed payments.
At Polar Credit, we do things differently. We are a UK lender that provides a flexible credit line – a reliable alternative to bad credit loans - where funds can be transferred to your account in minutes if you are approved. Even with a poor or very bad credit history, you can still apply, and if eligible, you will have ongoing access to credit whenever you need it.
A line of credit is a little different to your typical bad credit loan.
You can borrow what you need, make your repayments and then reuse the same line of credit whenever you need – without reapplying. It's really that simple as long as you stay within the terms of your credit agreement.
At Polar Credit, we offer reliable access to credit that can be in your account in just a few minutes.
Many people look for an adverse credit loan when they urgently need money, but a traditional bad credit loan can be a very expensive option. A bad credit loan isn’t the only way to get quick cash when you are burdened by historic bad credit.
Whilst a loan gives you a fixed lump sum to repay over a set period of time, a Polar Credit line offers an ongoing credit limit you can dip into, repay and reuse without reapplying. Unlike small loans for bad credit, which can be costly and restrictive, a credit line gives you more flexibility and control.
If you are looking for a personal loan with bad credit but are worried about high fees or inflexible terms, a reusable credit line could be a smarter and more affordable choice for you.
| Features | Bad Credit Loans | Credit Line |
|---|---|---|
| Repeat borrowing | One off loan only | ✅ Anytime within your limit |
| Reapplying needed | Must reapply every time | ✅ One approval = ongoing access |
| Guarantor needed | Sometimes | ✅ Not required |
| Repayments | Fixed | ✅ Flexible |
| Payout speed | Usually fast | ✅ Fast – often within minutes |
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 various factors beyond just looking at your credit score to understand your application. Our 100% online application process gives you an almost immediate decision and, if you are approved, 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.
Our bad credit loan alternative helps people who may not qualify for a loan from a bank due to a bad credit score. With Polar Credit, you can borrow money without needing a guarantor or paying the high-interest rates associated with payday lending.
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 upon approval.
Make at least your minimum repayments on time and you can use your line of credit again when you need a little financial help in the future.
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 and enter the amount of money that you need to borrow, subject to a minimum of £25.
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 an 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, withdraw cash or 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.
Rebuilding a poor credit rating takes time. At Polar Credit, we provide an alternative to loans for bad credit with a sensible credit limit that fits your existing finances. This lets 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 credit limit can grow to give you more flexibility to access additional credit when you need to. Your credit rating will begin to reflect the responsible management of your Polar Credit agreement, and your credit score may increase! Higher credit scores make it much easier to borrow money in the future without a high-interest rate.
We conduct periodic account reviews and can 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 getting your confirmation that this is what you want to see happen.
We care about you as an individual and want to understand your individual circumstances.
We do not use generic bad credit loan scoring models to assess applications and accept that we will not always get our lending decisions right.
If your application for a Polar Credit account is unsuccessful, don’t think 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, despite your bad credit history. Please understand that you may be asked to provide additional information to support your account review.
While bad credit loans work in some cases, they can also lead to a spiral of debt that is very difficult to escape.
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 with an alternative to a costly short term loan.
We understand that living with a poor credit history can feel overwhelming. Many people who opt to take out a bad credit loan or alternative short term loan often do so because they are under pressure to cover urgent expenses. It might be to borrow money to fund essential car repairs, pay an unexpected household bill, cover rent or even manage day-to-day living costs when income falls short.
The challenge is that turning to high-cost or short-term borrowing again and again can sometimes lead to a cycle of debt that feels hard to escape. Taking out one bad credit loan to pay off another may offer temporary relief, but in the long run it can make finances more difficult to manage.
At Polar Credit, we want to provide more than just access to credit – we also aim to support our customers in building stronger financial habits. That is why our credit line works differently:
If you are worried about falling into a cycle of borrowing, remember you are not alone. Many people face financial setbacks at some point in their lives. Seeking help early – whether that is from organisations like PayPlan, Citizens Advice or National Debtline – can make a huge difference in taking back control.
Polar Credit is here to offer a manageable alternative to traditional bad credit loans, but we also encourage anyone struggling with debt to reach out for free, confidential advice from trusted organisations.
A bad credit score in the UK and other places typically means that you have a history of being unable to pay your bills. This could signal to lenders or banks that you may not be able to make timely payments or follow through on commitments.
If your score is less than perfect, there are some steps you can take that can help improve it, so that future credit applications won’t be affected.
Knowing your credit score is important to understanding your financial picture in the UK. Fortunately, checking it is easier than you think! Reviewing your credit score occasionally is a good idea so you are always aware of where you stand. To start, you can use one of the many online services that allow you to check your score for free – such as Credit Karma, Experian or ClearScore.
These companies will pull the information from your credit report and give you an estimate of what lenders see when they review your credit history. This information can be invaluable in helping you make informed decisions about things like loans and mortgages.
So if you are looking to check your credit score, why not get started today? You might just find that time spent tracking your reports pays off.
When you apply for a Polar Credit line, we carry out a credit check to help us make a responsible lending decision. This will leave a mark on your credit file, just like applying for an unsecured loan or credit card with any other lender. In the short term, multiple applications for credit can lower your score, so it is best to apply when you are confident you want to proceed.
If your application is successful and you manage your account responsibly – making payments on time and staying within your limit – this can have a positive impact on your credit score over time. Responsible use of a Polar Credit account could help you rebuild your credit rating and make it easier to access lower cost credit in the future.
Having a very poor credit score or defaults in your history does not automatically close the door to borrowing. You may have looked at various loans for bad credit and been turned down by multiple lenders, but that doesn’t mean there are no options available.
Polar Credit considers more than just your past. Our application process looks at your current circumstances and your ability to manage repayments today. So, even if you were rejected for bad credit loans elsewhere, you may still be eligible for a Polar Credit account. Apply now to get an instant decision.
Improving your credit score may seem like a daunting task, but it is one of the most important factors when evaluating your financial health.
The good news is with some smart planning and discipline, you can take control of your credit score and watch your score rise in a few simple steps. Start by closely monitoring your credit report – make sure all of the information on there is accurate and up-to-date.
Pay off any debts you owe as soon as possible; aim to lower your debt-to-credit ratio to below 35%, which will be reflected positively in your credit score.
Additionally, work to build up positive payment history by making all payments on time each month. Finally, keep open accounts with a long history of use and avoid excessive borrowing or opening multiple new accounts in a short period; such activities tend to affect credit files negatively.
With dedication and diligence, you will be well on the way to an improved credit rating!
Many people think that if you have bad credit, no financial institutions would be willing to lend you money. But that's not true! A few alternative lending options are available for those who cannot access traditional loans, short term loans and credit lines because of their bad credit.
There are lenders who offer secured loans, which allow the borrower to use some of their assets to guarantee the debt, if they are not able to repay it. Similarly, cash advances are also available where one can borrow from specified providers against an upfront fee.
Not all people are comfortable talking about their finances with their family and friends, but asking them for help can also be an option if you are able to have those conversations.
All these lending options are worth considering for those who have difficulty obtaining regular loans due to bad credit.
Bad credit loans may seem like the perfect solution when you are in need of a quick, easy loan with no credit checks. However, if your bad credit history is not in your past and you are still not in control of your finances, taking out such a loan can lead to serious financial struggles – often worse than those experienced before obtaining the loan.
Bad credit loans typically come with higher interest rates and may require a shorter repayment time, meaning you will have to repay a larger amount of money quicker. This can leave little room to cover any other expenses and make it difficult to actually climb out of debt; if your loan repayments take up all your available income, it can make managing the rest of your finances much harder.
Taking out bad credit loans might also negatively impact your credit score in the future, if you don’t keep up with your payments. This may make it harder or more expensive for you to access other forms of lending when you need to borrow again.