Despite having a bad credit record, your chances of getting approval on 5000 pound loan are quite bright. Yes, indeed. Thanks to the direct lenders in the UK, which are ready to offer such loan to those individuals with past credit record problems. They generally follow no credit check policy that means their credit scores are safe and secure and there is always a possibility of enhancing them if repayments are done on time. However, there may be high interest rates on these loans.