Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Loans like Savvy
Savvy.co.uk offers fast, unsecured loans over 12-24 months to people with less-than-perfect credit histories. Use our loan finder to find similar lenders that can offer you a loan.
For those who feel let down by mainstream lenders, either because they don’t meet eligibility criteria or because their credit history is less than perfect, companies like Savvy can provide invaluable access to finance, albeit at relatively high interest rates. You don’t have to be a homeowner or have perfect credit to get approved for its loans, but as a responsible lender it will run affordability checks including a credit search before approving a loan application.
It’s important to compare different providers before taking out a loan. While Savvy may suit borrowers with bad credit, if you have good credit it may turn out to be more expensive than alternative providers. If you have bad credit but could find a guarantor (that’s a friend or relative who promises to pay off the loan if you don’t) with good credit, then once again, you may be able to access cheaper loans.
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