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Adverse Credit Specialists

Bad Credit
Secured Loans

CCJs, defaults, missed payments, IVAs — our specialist lender panel can help. Secured loans are often the best option for homeowners with adverse credit, as the property security means lenders can be more flexible.

Last updated: March 2026

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Quick Answer

Yes, you can get a secured loan with bad credit in the UK. Specialist lenders exist who consider applicants with CCJs, defaults, missed payments, IVAs, and debt management plans. Because the loan is secured against your property, lenders have significantly reduced risk, which means they can approve applications that unsecured lenders would decline. You must be a homeowner with sufficient equity in your property — most lenders require at least 15–25% equity after the loan. Interest rates for adverse credit secured loans are higher than standard rates, typically ranging from 8–15% APR depending on the severity and age of your credit issues. Borrowing amounts range from £3,000 to £500,000 with terms of 5 to 25 years. Using an FCA-authorised broker with access to specialist lenders improves your chances of approval and ensures you get the most competitive rate available for your circumstances.

Why Secured Loans Work for Bad Credit

If you have bad credit, getting approved for an unsecured loan is often impossible — and if you do, the rates are punishingly high. A secured loan changes the equation because the lender has your property as security. This dramatically reduces their risk, which means they can:

Accept

applications that unsecured lenders would decline

Offer

much lower rates than unsecured bad credit lenders

Lend

larger amounts over longer terms for lower payments

Credit Issues We Can Help With

Our lender panel includes specialists for all types of adverse credit.

CCJs (County Court Judgements)

Many of our lenders accept CCJs, even recent ones. Satisfied CCJs are viewed more favourably, but unsatisfied CCJs can still be considered depending on the amount and age.

Defaults

Missed payments that have been formally registered. Lenders look at how many defaults, how recent they are, and the total amounts involved.

Missed Payments

Late or missed payments on credit commitments. A few missed payments from years ago are very different from recent ones — our lenders assess each case individually.

Debt Management Plans (DMPs)

If you're currently in or have completed a DMP, specialist lenders can still consider your application. Being on a DMP doesn't automatically disqualify you.

IVAs (Individual Voluntary Arrangements)

Discharged IVAs are accepted by some specialist lenders. Active IVAs are more difficult but not impossible with the right lender.

Bankruptcy

Discharged bankrupts can be considered, typically at least 1–3 years after discharge depending on the lender. The more time since discharge, the better the rates available.

Rates for Adverse & Fair Credit

Products currently available from our lender panel for applicants with credit issues.

Fair Credit (minor issues, satisfied defaults)

Optimal 1 5yr Fixed

Spring Finance · 5yr Fixed · up to 80% LTV

8.51%

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Second Charge 2yr Fixed

Norton Finance · 2yr Fixed · up to 80% LTV

8.55%

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Optimal 1 2yr Fixed

Spring Finance · 2yr Fixed · up to 80% LTV

8.83%

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Optimal 1 HLTV 5yr Fixed

Spring Finance · 5yr Fixed · up to 85% LTV

8.96%

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Home Equity Loan 2yr Fixed

Selina Finance · 2yr Fixed · up to 87% LTV

9.09%

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Plan 2 2yr Fixed

Central Trust · 2yr Fixed · up to 80% LTV

9.17%

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Adverse Credit (CCJs, active defaults, IVAs)

Plan 8 Variable

Evolution Money · Variable · up to 95% LTV

12.90%

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Tips to Improve Your Chances

  • Check your credit report before applying. Errors happen — correcting a mistake could improve your score overnight.
  • Register on the electoral roll at your current address. This is a simple way to boost your score.
  • Satisfy any outstanding CCJs if possible. A satisfied CCJ is viewed much more favourably than an unsatisfied one.
  • Keep a lower LTV. The more equity you have, the better your rate will be — even with bad credit.
  • Use a specialist broker (like us). We know which lenders accept which credit issues, saving you from unnecessary hard searches that would further impact your score.
  • Be honest about your credit history. We can see your full credit file and will match you with the right lender from the start.

Don't Let Bad Credit Stop You

Our initial quote uses a soft search only — no impact on your credit score. Find out what's available in minutes.

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