Lenders in the UK have a very creative approach to managing risk.   Even people with very bad credit history can be given loans in certain circumstances when the potential borrower is not an home owner they don’t have very much in the way of assets to pledge as security. Non homeowners & tenants can be lent money loans on a completely unsecured basis under certain circumstances. 

With the borrowers credit profile suggesting a risk of default is higher, a more ‘hands on’ approach to lending is required to lend and collect payment for the debt.  People with very low incomes or even on benefits utilise specialist lending such as the provident which involves in an agent collecting the loan payment on the borrowers doorstep . 

 As long as the potential borrower can prove some level of income and offer and offer some realistic prospect of repaying the loan, greenwood personal credit offer loans from £50 to £500 often with APR rates in 100’s of percent  these types of lenders offer a guaranteed instant decision. A bank account check book or debit card can help the lenders willingness to grant a very bad credit unsecured loan without a credit check.