Borrow money with bad credit

Reading Time: 2 minutes

How you can borrow money with bad credit

A bad credit rating can make credit offers hard to come by. Banks, along with other loan providers, may be reluctant to let you borrow money. Credit unions, on the other hand, understand you are more than just a credit score. We lend money to any of our members, including those with poor credit ratings – without the crazy interest. As long as you can afford to repay the loan you can apply with us.

Who we are

South Manchester Credit Union is community focused. Our organisation only exist to serve the financial needs of the people of South and Central Manchester and offer affordable credit to all of our community. We are able to offer low-cost loans because we are a not-for-profit co-operative. We prioritise our members’ needs instead of lining the pockets of disinterested shareholders – enabling us to give you the best offer possible. Along with this comes free loan insurance for our members, a cost paid for by the credit union to offer value that you cannot find anywhere else.

We have an ethical approach to our lending. There are no hidden fees and all of our charges are transparent and fair. As an organisation we lend responsibly and ensure you can afford the amount you borrow as well as being able to afford the repayments too. Therefore, we would never expect your finances to be strained in repaying the loan – your financial well-being is our priority. 

How we work

When repaying your loan, we ask you to regularly add to your savings too. This is so you can build your savings and work towards applying for further loans later on in your membership.

Work with us to re-build your credit score. Becoming a member is an investment and a good one at that. We want to help you because we do not agree with a credit score defining your finances. A loan should be made on a fair decision not a prehistoric record on a computer. South Manchester Credit Union is people helping people for the greater good of our community – join that community and borrow money today.

Share this post

Money saving tips

Side hustles
Local money for local people

Side Hustles – Everything you need to know

Reading Time: 4 minutesSide hustles are becoming more and more popular in the UK every day. The good news is, it’s never been easier to start earning some extra income. We’ll run you through all you need to know about side hustles so you can get yourself started. Looking to increase your income?

Read More »

Stories

Stories

Retrofitting your home – Marie’s story

Reading Time: 2 minutesDo you want to reduce your bills? Retrofitting your home and improving its energy efficiency is an effective way to achieve this. Here at South Manchester Credit Union, we can support you in reaching this goal. We offer a Green Loan to our local community – hear how this has

Read More »
Stories

Retrofit your home – Keith’s story

Reading Time: 2 minutesRetrofit your home! It is great for your finances and the environment. Here at South Manchester Credit Union, we offer a Green Loan to support our members through their journey to a more efficient home. Keith is a member who wants to reduce his bills and create a positive impact

Read More »

Financial support

Credit union world

Cost of living support – Cost of Living Emergency Plan

Reading Time: 5 minutesHello everyone – Ryan here. Just wanted to quickly introduce myself before we get started on today’s blog about cost of living support. I’m the newest member of the marketing team here at South Manchester Credit Union. I really am enjoying bringing you guys the best content we can. We

Read More »
Credit union world

Greater Manchester Community Credit Unions united to unveil £15m financial support in Covid recovery plan

Reading Time: 2 minutesIn 2020 eight community credit unions joined together to launch a Covid-19 recovery plan. The plan offered £15m in financial support to millions of people across Greater Manchester. http://youtube.com/watch?v=2-Onp-dell8&t=18s Sound Pound offered financial support The consortium, known as SoundPound, showed communities across the region that there was light at the

Read More »

Credit union world

Credit union world

We have smashed the 5000 member milestone

Reading Time: < 1 minuteSince 2000, we have been driven to provide our community with safe financial services, working hard together to grow and support local people. Recently, we celebrated a massive milestone – 5000 members! We invited Abraham, aka Mr 5000, to Fog Lane for treats and photos. We wanted to learn more

Read More »
Credit union world

We are continuing to make history in our local community

Reading Time: 3 minutes2025 has been a year of growth for The Sound Pound Group of Greater Manchester credit unions, of which we are a founding member. January kicked off with the Annual Bee Bus Ticket launch, our latest offering to our local community. The ticket gives our communities cheaper travel on Greater Manchester buses

Read More »