Direct Lenders For Bad Credit

When it comes to taking out a loan, there are two routes you can go down. Using a loan broker, who acts as an intermediary between yourself and the lender themselves or going direct to a lender, who will then make a decision when it comes to your application there and then.

Loan brokers tend to approach various lenders on your behalf and act as the middleman. They will try and get the best deal for you, but it’s important to note that they will often receive commission in the process. However, when you approach a lender directly, you’re immediately speaking with the company that will provide you with the loan itself and as such, cut out the middleman. 

Direct lenders are often able to offer much more flexible repayment plans and work with you directly to provide a loan solution that works for you. The application process is much quicker too and you often get a quick decision. 

Here at The One Stop Money Shop, we are a direct lender that offers a range of loans, including alternatives to payday loans. When you apply with us, we answer any questions you may have, we handle your application process and if you’re approved, we transfer the money directly to your bank account. There’s no external companies involved, no complex application process, just our loan experts helping you every step of the way.

Since our establishment in 2002, we have become one of the most well-known direct lenders in the UK. We’re fully authorised by the Financial Conduct Authority (FCA) and strongly believe in responsible lending and treating all our customers fairly. So, if you’re searching for a direct lender loan in the UK with a direct lender you can trust, look no further than The One Stop Money Shop.

There are many reasons why it’s a good idea to apply with direct lenders instead of a broker. First of all, you have direct contact with the organisation you are borrowing money from throughout the entire process. This can help you to build trust in their service and their experts should be on hand to help you with any questions or concerns you may have.

Secondly, because there are no middlemen involved, the application process is much more straightforward and can be completed much quicker. You are more likely to receive a decision quicker when you apply for a loan with a direct lender. You’ll often receive your funds much quicker too.

If you have bad credit, it’s a good idea to apply directly to a lender too, as they can discuss with you your specific circumstances and a repayment plan that suits both parties. We are a direct lender for people with bad credit and consider all applications. We understand that life is complex and not everything goes to plan, which is why we understand your circumstances and look to create a repayment plan that’s realistic and reasonable.

You can rest assured that all your data and private information is safe with us when you apply for a loan too. Our website is SSL protected, adding extra security to all your data and information. We also have a consumer credit licence, hold FCA authorisation and do not share your information with other companies without your permission.

Another advantage when you apply for a loan with us is that there are no upfront fees for our services. When you apply with The One Stop Money Shop, we only charge interest when your loan is approved. Other benefits of choosing us include: