Start with who stands behind the offer
Two of the three lenders here are brokers rather than the company that lends to you. Cashspace's legal entity is Fininity OU and its lender kind is broker, and Creduma ES trades as FINANSI GROUP, S.L., also a broker. A broker matches your file to a funder and passes it on, so the contract at the end may sit with a different company from the one you applied through. Settle that question first, because the lender type shapes what happens if you fall behind.
None of these profiles names a deposit protection scheme or a compensation route, so treat the safety of the money as something to confirm in writing before you sign. The Cashspace review and the Creduma ES review are the places to check how each of them describes its own set-up.
Compare the fees first, and match each to its product
Fees are the easiest line to line up, and the three differ sharply. Cashspace lists an origination fee of 0 on its loans, which cover personal, payday and credit line products. Creduma ES takes no advance commission and no initial payment, charges only when a real solution is obtained, and its product fee entry reads €0 on the secured loans and debt consolidation it arranges for remortgage and home equity purposes.
Sofkredit shows no separate fee on its profile, and the cost sits in the rate instead: an annual percentage rate of 10.74% to 18.06%, an annual percentage rate to consumer credit of 10.74% to 18.06% and an initial rate of 8% to 14%. A fee of nothing is not the same as a free loan, because the amount you repay still follows the rate and the length of the term.
Put the rate next to the wider field
A headline rate only means something against the rest of the market. Across the loans we rank, amounts run €4.96 to €308,261.41, annual percentage rates run 0% to 42,533% and terms run 1 to 360. The very top of that rate range sits far above everything else in the field, which reads like an entry with a headline figure rather than a typical offer, so plan around the middle of the range and ask for a written figure of your own.
The three offers also live in different currencies and different markets. Cashspace works in Philippine pesos on amounts of PHP 500 to PHP 25,000 over terms of 2 to 4, so the same balance repaid over a short window costs more in total than a longer one. Creduma ES works in euros from from €12,000 and Sofkredit covers €12,000 to €300,000 over fixed periods of 0.5 to 20, which is the widest runway of the three. Sofkredit is the only one of them that publishes a rate, so it is the only one where you can check the cost of your own credit beforehand.
Credit check and eligibility decide most applications
All three are aimed at a poor credit history, so the credit requirement alone will not rule you out. The credit check will. Cashspace runs a hard credit check, so the enquiry reaches your file and the lender sees it. Creduma ES and Sofkredit use a soft prequalification check, which reads the file without the full weight of a hard search.
Eligibility is where they part company. Cashspace is open to applicants in the Philippines who can show a valid ID. Creduma ES deals only with people living in Spain who are of adult age and hold property offered up as security, which makes it a remortgage and home equity route rather than an unsecured one. SofkREDIT lends to a person or a company past the age of majority with Spanish nationality or a Spanish address, and a bank account must sit in that name. When property backs the loan, the borrower has to own it outright with nothing registered against it, or the great majority of its mortgage has already been paid off.
Speed and structure change what the loan is for
A poor score often means the need is urgent, and each offer is built for a different clock. Cashspace funds within minutes, with most approved applicants receiving money the same day, and its features include same-day funding and a credit line that can be drawn and repaid again. Its representative example pairs a modest loan with a short repayment and a total payment above the amount borrowed, which is the quickest way to see what the headline costs in practice.
Creduma ES returns an offer quickly, then puts the money in the account after a short wait once you sign. Sofkredit lists the same day as the notary signing as its quickest route, with a longer stretch after approval otherwise, and that same-day feature is tied to the signing rather than the decision. Read the Sofkredit review if you have a property to use as collateral.
Work the shortlist in the same order each time
Use one fixed order so nothing gets missed: fee, rate, term, credit check, eligibility, speed, and finally who holds the contract. Loans for bad credit ranks the field to start from, and the individual reviews for Cashspace, Creduma ES and Sofkredit hold the detail behind each profile.
Where you land depends on your file and your deadline. If you own a home and want to consolidate or remortgage, the two Spanish lenders sit closer to your situation, and Sofkredit gives you the rate up front. If you need money the same day and hold a valid ID in the Philippines, Cashspace fits the timing and the fee. Whichever you pick, ask for the total repayable amount and the name of the entity that will hold your payments before you sign, since the profiles do not publish a total cost across the full term.