Rating based on 87 reviews

Buddy Loans

Updated
  • Bad credit loans up to £10,000
  • Low-interest starting from 41.16%
  • Repayment up to 60 months

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Buddy Loans homepage
Author Buddy Loans. Screenshot of Buddy Loans website.
[Accessed September 7, 2021]

About Buddy Loans

Buddy Loans are qualified and regulated by the Financial Conduct Authority to satisfy their clients' financial needs as professional lenders.

They understand that it is difficult in these times. That is why they provide individuals who have no credit score or carry a bad credit record, with the best borrowing solutions.

How bad credit loans work

Buddy Loans supply loans that rely on your ability to make repayments. If you have someone to back you up when it comes to the repayments, it will guarantee you a spot.

They offer low-interest rates with no stacks of paperwork. You can now repay your loan each month by making a direct debit order, whereby the loan contract will give you the details of the amount you have to pay.

You can even set a date each month whereby Buddy Loans can collect the money through your debit order. If you miss a payment, they will contact you to make arrangements on how to get your account up to date.

Buddy Loans guarantor roles

If you are a guarantor your job is to help out your friend or family member who nominated you, to get them the credit they require. With each obligation, there are responsibilities which are to help ensure that your friend or family member makes the required payments on due dates. Buddy loans will also inform you throughout the loan if there is anything you should know about, but if there are any problems they will get in touch to discuss the missed payments.

Buddy Loans Services

Buddy Loans know that getting accepted for a loan can appear to be difficult whether it’s for a mortgage for a property, signing up on car finance, or just to give your home a renovation.

There are many reasons for financial needs, but when you have a low or non-existing credit score, lenders might not be keen to help. That is where Buddy Loans jumps right in, to save the day.

Boost your credit score

There are 5 constructive ways to get your credit score to look favorable and help show lenders that you are financially responsible. Firstly it is important to build yourself a credit file as young individuals tend to suffer from no credit ratings as they don’t have a long financial history. The next step is to clear your debts, repairing any substantial debts that might ruin your chances of getting personal finance.

Get a repayment schedule

Lenders like to see that you can keep your end of the bargain clean by paying your bills and not missing any payments as well as making sure to do repayments on time. By improving your credit score, you can also lower your credit utilization ratio, which means that you will have to divide your total credit card balance by the available credit limit. Lenders tend to favor individuals with a score less than 30%.

Lastly, you can improve your ratio by not having more than one credit card, which will allow you to save as much as you can, and paying off your credit card balance, will generally lower your credit score.

Buddy Loans – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate from 41.16%
  • Loan Amount up to £10,000
  • Repayment 12 months to 60 months

Benefits of Buddy Loans

  • Apply for a loan in 60 seconds
  • Loans for clients with bad credit
  • Flexible and affordable loan repayment

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.

Applying for a loan is taking only 5 steps that won’t even take you 5 minutes to complete

After you have applied, Buddy Loans will make sure that everything is in order as well as approve your loan within the next 24 hours.

Get a bad credit loan today

When taking out a guarantor loan, you will need to know who you can ask to be your guarantor. It must be someone you can trust like a parent, daughter, or son that is 18 years of age or above. If you need any assistance with the online loan application or have any related inquiries you can give Buddy Loans a call on the numbers that have been provided.

Buddy Loans, a lender you can count on

When you are having trouble calling them, you can also send them an email on their online generator. Buddy Loans will then receive your message and get back to you as soon as possible.

For any updates on new short-term loans, you can follow their social platform which is Twitter and Facebook. They also upload news feeds to their blog regularly for those who do not have social platforms.

If you like more personal contact you can visit them at their offices. Their service providers are friendly and highly trained to give you the best advice and services. Make sure to catch them during office hours to experience the high quality.

Low-interest rate benefits

Buddy loans are here to assist in all your needs as well as help you out with your financial circumstances. They offer you low-interest rates and great guarantor loans to get you up and going and help you build a perfect credit score to start that small business you always wanted to with a business loan. Get started today, on building your dreams.

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Buddy Loans is a trusted & reliable provider of bad credit loans

In our review, Buddy Loans adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

Buddy Loans is a registered credit provider in UK: FSA 718849

Customer Reviews & Testimonials

March 2021

I needed a loan to start a small business but I couldn’t find a company that had the low interest I needed. Luckily my guarantor came across Buddy loans and we can’t any happier with their intere...

Jack T
— London —

October 2021

Easy and user friendly platform to work on. Didn’t take me 10 minutes to fill in the application form and they were quick to respond on my application.

Bill P
— Manchester —

Buddy Loans Contact

Physical Address

Opening Hours

  • Monday 09:00 – 19:00
  • Tuesday 09:00 – 19:00
  • Wednesday 09:00 – 19:00
  • Thursday 09:00 – 19:00
  • Friday 09:00 – 19:00
  • Saturday 10:00 – 14:00
  • Sunday – Closed