Rating based on 21 reviews

Easy Loans Company

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Easy Loans Company homepage

Author Easy Loans Company. Screenshot of Easy Loans Company website. [Accessed April 28, 2020]

About Easy Loans Company

Easy Loans company is the simplest and most trusted and secure company to approach when you need money fast.

We understand that not everyone has good credit ratings, and we will not penalize you for that.

Easy loans for people with bad credit

Major banks and high street lenders have strict credit score requirements. This makes it a very frustrating experience for individuals with bad credit to obtain a bad credit loan. Because we want to make it easy for you to access credit, we offer secured and unsecured loans for people with bad credit.

Simple application process

At Easy Loans, we specialize in helping individuals with bad credit ratings to access personal loans for bad credit. Not everyone is fortunate enough to offer security to obtain finance. That is why we offer unsecured loans for individuals with a bad credit score.

We offer the following services:

  • No hidden fees. You will know exactly what costs and fees are involved when obtaining the loan.
  • Our easy online loan application process takes only 10 minutes.
  • Once you obtain the loan, you will get a personalized dashboard, which includes emails and content updates.
  • Our professional customer service group is there to help you with any queries for the duration of your loan.

Easy Loans Company Services

Since a bad credit loan pose a higher risk to the lender, the loan options available are more limited. Some bad credit lenders advertise services that target individuals with a bad credit history.

This is done by promising a solution to all debt problems, while in reality taking out another debt consolidation loan when you are already struggling to keep up with payments will only worsen your financial situation.

Protect your credit report

Every time you apply for a quick cash loan it reflects on your credit report. This has an even worse effect on your credit report, making it more difficult every time you apply for credit. When applying for a loan with Easy Loans, we submit your application to various lenders on your behalf. This means that you will not have various credit applications showing up on your credit report to worsen the situation.

Get a free credit report

Applications for credit will reflect on your credit report for 6 months. After 6 months, it will fall away. Legally you are entitled to get a free copy of your credit report if you have been denied credit. Important to keep in mind is that this only applies for 60 days after a credit application was denied. It is important to review your credit report to make sure there is no false information that is affecting your credit score.

Easy Loans Company Product Details

  • Loan Type Bad credit loans

Summary of Services

  • BAD Credit Loans
  • PERSONAL Loans
  • DEBT Consolidation Loans
  • QUICK Loans

Get a Bad Credit Loan with Easy Loans Company

Bad credit loans mean higher interest rates. This is because the risk for the lender is higher than it would be for a secured loan.

We work with various lenders who specialize in unsecured bad credit loans to secure access to finance with the lowest interest rate.

Secured vs unsecured loans

With a secured loan you have to offer a form of security to the lender. This usually in the form of a property or other collateral. Secured bad credit loan offer lower interest rates and larger amounts may be borrowed over longer periods. This risk involved in a secured loan is that you could lose your property if you are unable to repay the loan.

Unfortunately, a lot of people with bad credit ratings cannot offer collateral for a loan. That is when an unsecured loan is the best option when you need cash quickly. With an unsecured loan, you do not have to offer any security. The downside is that because the lender does not have any form of security, the interest rate will be much higher than with a secured loan.

Guarantor loan option

Guarantor Loans is a form of unsecured loans that is available for people with poor credit scores. Your guarantor will have to agree to make the repayment on the loan on your behalf if you default on the payments. A guarantor can be a friend, family member, close friend or colleague. As the guarantor will assure the lender, you will be able to secure better loan options with better credit rates.

If you have many small loans you are repaying each month, it makes good sense to use your loan to consolidate the debt. Remember to take into consideration any early repayment charges besides the balance you owe to a creditor. If you can pay off these small loans and keep up the repayment on your new loan, it will certainly improve your credit score. This will increase your chances of obtaining credit from other mainstream lenders in the future, which will offer better interest rates and higher loan amounts.

How much can you borrow

Easy loans work with a panel of lenders, of which some specialize in providing unsecured bad credit loan and consolidating debt for individuals with adverse credit history. Unsecured loans for bad credit do not require any form of security. The number of loans ranges from £1,000 up to £15,000. Secured loans are available up to the amount of £25,000.

Customer Reviews & Testimonials

September 2019

I got an affordable bad credit loan from Easy Loans Company

William B
— York —

August 2019

The loan application process at Easy Loans Company is quick and straightforward

Clair T
— London —

Easy Loans Company Contact Details

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