Rating based on 49 reviews

118 118 Money

  • Bad credit loans up to £5,000
  • Low-interest starting from 71.3%
  • Repayment up to 24 months

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Author 118 118 Money. Screenshot of 118 118 Money website.
[Accessed April 25, 2020]

About 118 118 Money

118 118 Money is helping thousands of UK citizens get back on a firm financial footing with their bad credit loan products that are shaking up the financial services industry.

The credit services provider is registered by the Financial Conduct Authority. The company prides itself on the fact that it is regarded as a Responsible Lender in the industry.  118 118 Money leaves no stone unturned in putting the customer first. Through their advanced tools and products, they are helping customers boost their credit scores.

Giving clients a better shot at life 

From loans to credit cards, the financial credit provider is ensuring a brighter tomorrow for thousands of its citizens. 118 118 Money doesn’t shy away from the fact that they want to see communities rise to new heights and help improve their financial stability. The credit provider is determined to help them get there.

Providing affordable bad credit loans 

With 118 118 Money, there are no hidden costs and no confusing small print. What is more, is that the company knows that everyone who is everyone sometimes lands up in a bad credit situation. So they won’t thumb their noses at those who have bad credit records and are desperate for a loan to help them out of the debt trap. They will never charge more than what is negotiated with their clients and are upfront with the costs and payments on your personal loans.

118 118 Money Services

118 118 Money knows everyone makes mistakes especially when it comes to having a bad credit record.

Therefore, it will not judge loan applicants on past mistakes. The credit services provider is committed to helping clients based on their present standing. 118 118 Money can lend clients up to amounts of £2, 000 at affordable rates of interest. The monthly installment is over 24 months.

Interest rates offered are set at 71.3% p.a for bad credit loans and a representative APR of 99.9%.  118 118 Money will never provide loans that clients won’t afford to repay. Staff who are well versed in the Financial Credit Act will negotiate every offer with the client to the point they are sure they can afford the cost of the loan.

Best bad credit loans online

118 118 Money knows that people are too busy with their daily chores to have to stand hours on end in queues. Therefore, their application forms for bad credit loans online are simple as 1-2-3.

 Fill them out and follow the four steps that are needed – and a client could have a loan paid into their bank account within a matter of hours. The online application form can be completed in 60 seconds. The company will only ask for the necessary paperwork to accompany the loan, such as ID, employment history, and bank statement.

118 118 Money – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate from 71.3%
  • Loan Amount up to £5,000
  • Repayment 1 week to 24 months

Benefits of 118 118 Money

  • Use a personal loan to consolidate debt
  • A simple and transparent loan service
  • Fair and affordable loans
  • Bad credit loan options

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Start a simple and quick application that can change your life forever today

A simple click of the mouse can get clients on the road to financial freedom with a bad credit loan online from 118 118 Money. 

What clients get with 118 118 Money

  • Clients can use their loans to consolidate debt
  • They have a simple and transparent loan service
  • Their bad credit loans are fair and affordable.
  • Many bad credit loan options to choose from

What is needed to a bad credit loan at 118 118 Money

  • Applicants have to be UK residents
  • They have to be between 18 and 70 years.
  • They must hold a UK bank account and debit account holder.
  • Monthly income should be above £700

How do 118 118 Money collect payments for bad credit loans

118 118 Money prescribes responsible lending practices and follows strict guidelines when payments are due. They debit the amount on monthly installments from the bank account as agreed to by the borrower when the contract was negotiated. They will never use card details supplied to them to have payments met should the borrower miss any monthly payments.

118 118 Money allows clients to settle loans before the payment period is up. However, the client must contact them so they can provide the customer with an early settlement quotation, which is valid for 28 days.

Don’t forget the online loan calculator for bad credit loans. Applicants can insert the amount of the bad credit loan they are looking for, then the required interest rates and the period payment of the loan. The calculator will then calculate the cost of the loan to its expiry date. The client then has a clear idea or view of the outlay for the loan. 

Customer Reviews & Testimonials

December 2019

I managed to receive a better loan with my bad credit at 118 118 Money.

Brian I
— Scotland —

August 2019

118 118 Money instilled back my confidence in improving my credit score.

Angel M
— England —

118 118 Money Contact

Contact Number

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Physical Address

  • The Pinnacle, 170 Midsummer Blvd Milton Keynes MK9 1BP United Kingdom
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Opening Hours

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