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Whole of Market panel
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From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative Example: Cash price £7,500. Deposit £0.00. Total amount of credit £7,500.00.
60 monthly repayments of £137.22 Total charge for credit £733.20. Total amount payable £8,233.20. Interest rate 3.8% fixed. 3.8%APR Representative.
We are a Credit Broker and not a Lender
Just About Anyone Can Get A Payday Loan!
You have probably seen a lot of ads for payday loans that boast about guaranteed approval. They make it sound so easy to be approved for these loans, and the truth is that it really is. Most people who submit an application for a payday loan will be approved for a loan. They may not be approved for the exact loan they wanted, but there is likely one loan that the lender will approve them for.
Payday lenders look primarily at income to determine eligibility fast. If you can meet their basic requirements, like being of legal age and having a valid bank account, then you really only need to have steady income to be approved for some type of loan from a payday lender.
Now, how much you make will determine who large your loan is. Some lenders will look a bit deeper and want to see what your monthly bills are like before they offer you guaranteed payday loans no matter what. The majority of them do a perfunctory check of your finances, not even bothering to look at your credit, and they base your loan approval on your income.
So, when lenders say they will give you guaranteed payday loans no matter what, they typically mean that your credit doesn’t factor into the decision. Your income still will, and if you don’t make enough to meet their minimum loan requirements, then you will be denied for the loan you want.
If your credit isn’t very good and you don’t have a lot of extra income to work with, then these types of loans are going to be your best bet of getting the money you need. Just look for terms like “guaranteed approval” to find loans online that most people would be eligible for. This kind of open eligibility is very common on payday loans. Those loans rely more on income than credit to determine eligibility. As long as you are getting a steady paycheck from somewhere, you should be eligible for some loan.
It may not be the size of loan that you want, as low income means a small loan, in many cases. The lender wants to be sure that you will have a chance to repay them on time and instantly. If they don’t see the income to back up your application, then they may deny your initial loan request or suggest a different loan instead.
Having bad credit or not much income doesn’t have to be the end of the line when it comes to borrowing money. Your bank may reject your loan application and many other lenders may not even consider after they do a credit check, but you still have some choices available to you. You can still seek out decent terms from a variety of lenders.
The payday loan industry is bigger than ever before, and there are lots of lenders out there offering guaranteed payday loans no matter what. Just keep in mind the stipulations and restrictions that come with these, requiring you to meet the minimum income threshold to be eligible.
What if I can’t keep up my loan repayments?
If you can’t keep up with your loan repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your credit file this could make obtaining credit further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.