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N Whole of Market panel
N Trusted panel of lenders
N From £1,000 to £25,000
N Rates from 5.7% to 278%
N 3-36 month repayment




N Online decision
N Responsible lenders
N Borrow up to £3,000
N Rates from 278% to 1576%
N 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

guaranteed payday loans no credit check

Company Description Link
SAFETYNET CREDIT A new and smart direct lender with a difference, no transfer fees and loans funded within an hour. Apply Now
THE QUICK LOAN SHOP The Quick Loan Shop is a UK payday lender bringing you instant payday loans online. Apply Now
MYJAR LOANS MYJAR is direct and trusted short term lender. You can borrow up to £1000 now and up to £2500 later. There are also loans similar to My Jar that you could check out for rates. Apply Now
MONEY BOAT LOANS Money Boat is an installment lender bringing you clear and manageable loans of up to £1500. Apply Now
FERRATUM Loans of up to £300 for new customers and £1000 for existing customers Apply Now
SATSUMA LOANS Satsuma Loans start between £100-£1000 for new customers. Choose to pay it back over 3-12 months Representative APR: 991% Apply Now
WAGE DAY ADVANCE A short term loan that allows you to borrow up to £350 and repay on your next payday or earlier. Apply Now
LOANS 2 GO Loans 2 Go Personal Loans, offer instalment loans of up to £1000 repayable over 18 months Apply Now
PIGGY BANK Applicants can borrow from £100-£1000 for up to 5 months and spread repayments over several months Apply Now
118 118 LOANS 118118 loans is a direct lender currently offering mid term Loans from £1,000 to £5,000 for 1 to 2 years. Apply Now


Our Approach To Payday

This used to be something that people would use when they had a problem one month something before payday and they just didn’t plan for which was exactly what they were for. Unfortunately, the crooked lenders moved into the market and gave this industry a terrible name. These are the shady lenders who would impose unbelievable or unfair interest rates that tend to abuse or shortchange borrowers who are in desperate need of fast cash. It has been recorded that such loan sharks would even charge interests amounting to as much as 1000%. Unless you live under a rock, you would have seen in the papers or on the internet that this type of finance is the devil. Well, thankfully, these days have changed the FCA have come down hard on the industry and removed the licenses of numerous companies, so once again, we’re back to a nice clean product. Lenders today are seen as life-savers for people who are living on paycheck after paycheck and help people make ends meet especially in between paydays.

Our Suggestions

This type of finance should only ever be used if you have a short-term hole in your finances. This shouldn’t be like a routine every month as you would tend to go lax on the budget and overspend because you know you could always get a loan. Dependence on lenders is not at all a feasible way to live. Being debt-free should be the a priority and not lending as a way of life. This isn’t a product for people that want to use them monthly as a means of living as this will only end up with you in more piles of debt. It’s a scary scenario especially for people who are extravagant and lack discipline with their spending habits. This is not a financially healthy setup. Please always take out only what you can afford or spend within your means. Discipline in finances is always the key to effective money management. Savings for the rainy days is better than chasing after a lender to grant you access to fast cash. Remember that finance shouldn’t be used as a day-to-day money source. Loans don’t work that way as it could drain your finances right away.

A Brief History Of The Payday World

This finance was created in the USA in the 1980’s the sole purpose was for a short term agreement to cover those unexpected expenses, this was created to stop people going to the illegal sharks in the market. It made its way over to the UK in the 1990 and has been growing ever since. It was recorded that mainstream banks such as Wells Fargo have released the largest of loans to payday lenders back in the days. Even though modern times have paved the way to modern means of advertising for lenders, payday loans have evolved to still resemble old-time loan sharks; so-to-speak. It’s a financial trap no matter how they put on a cloak to deceive borrowers. There has been a massive crackdown on payday lenders especially with the steep economy that UK and the rest of the world was experiencing at that time. Many borrowers were in desperate need for payday loans but the FCA’s stringent measures have caused majority of payday lenders to leave UK and go elsewhere.

Modern-day payday lenders would still require post-dated checks to cover for repayments and very high interest rates. This was even called as check-cashing services in the effort to replace the term “loan.” In 2004, 100 million pounds were lent across the year forward to 2012 – 1.4 billion was lent. This is obviously a massive jump which is however in the grand scheme of things. This is nothing compared to credit card debt which is somewhere above the 55 billion mark. After the financial crisis of 2006 and the closure of the unsecured loan market, people turned to this finance. It was said that in 2012, the average TV viewer would see over 150 adverts a year. While there are indeed predatory payday lenders who seek desperate borrowers, there are now alternative options to payday loans that provide equal opportunity to borrowers and reasonable interest rates.

Why Are They So Easy?

While they may say that their loans are guaranteed, what they mean is that it is very easy to be approved for the loan and almost anyone who applies for one will enjoy that loan approval. That’s not quite the same thing, but it is fairly close.
You just have to be aware that any guaranteed payday loans from direct lenders with no credit check still might not be something you are eligible for. If you have a steady income, then they will likely approve you for one of their loans, and your credit won’t really play a part in the approval process. If you don’t make enough money to meet their minimum requirements, though, you won’t be approved.

Their requirements tend to be quite low, though, so most people are approved. If you think you can afford to pay back a loan on time, then you should not have any problem being approved for a loan. It may not be the one you had hoped for, and the lender may decrease the amount of the loan from what you initially asked for, but you should still be able to get a loan.
Guaranteed payday loans from direct lenders with no credit check are definitely the way to go, if your credit is poor. The approval process can be nearly instantaneous, and you can have an answer as to whether you have been approved very quickly. That’s convenient for those times when you need money fast, and that’s why so many people turn to payday lenders for the money they require because it’s fast and hassle-free.

You can certainly try your bank for the loan you need, but they’re likely to turn you away if your credit is poor. Mainstream banks have very stringent regulations and strict screening process for loan applicants. You will have much better luck getting approved for guaranteed payday loans from direct lenders with no credit check involved than go to banks to borrow cash.
Not having a credit check attached to the loan really helps, as it means that you are that much more likely to be approved. Often, that’s what the term “guaranteed approval” means. If credit isn’t a factor in the approval process, then more people are likely to be approved, resulting in nearly blanket approval.

The World Has Changed

  • In January 2015, the FCA implemented a series of rules affecting all “high cost short term credit” lenders (including these loans):

    • a cap on interest and fees equivalent to 0.8% per day
    • fixed default fees capped at £15
    • a total cost cap of 100% – meaning a borrower can never repay more than twice the amount they have borrowed.
  • Since 2014/15 the UK loan market has contracted markedly with a number of well-known lenders leaving the industry. Other lenders have been forced by the FCA to make repayments to borrowers and write-off substantial amounts of outstanding debt.
  • The Outcome Of These Changes – Borrowers can be assured that lenders are now acting in the borrower’s interests. Charges and interest are capped and lenders have to behave properly when chasing outstanding debt. Where a lender does not believe a borrower can afford to repay the loan, they will.


What Guaranteed Loans Really Mean For You

We all know that lots of different industries use hyperbole to sell their products. That’s why when you hear claims of guaranteed loans no credit check direct lenders, you might think the offer is too good to be true. You’d only be partially correct. Is this a myth or could it be partially real today? This is likened to asking whether a glass is half-filled or half-empty – nobody couldn’t seem to agree or figure out the right answer.

Fact check – In reality, there is no such thing as a guaranteed loan. No matter how lax any lender’s online eligibility requirements are, they always have rules about who is approved and who isn’t. There are FCA regulations to follow so there really are no absolute guarantees with securing loans. Yes, no matter how impeccable your credit reputation or score is, it’s no guarantee for loan approval. There will always be someone they have to turn down for one reason or another.

Payday Loans: Are They Guaranteed?

This is said to be financial myth as there is no such thing as a guaranteed payday loans no credit check. Now, if there are lenders who offer guaranteed payday loans, then you must be wary. There are FCA regulations to follow for lenders and no matter how impressive your credit score is, that still is no guarantee for approval. Payday loans are probably the only product on the market that contradicts everything we went over above. The lending restrictions on these types of finance is notorious for being a bit laxer it’s a lot easier to get a short-term agreement than any other out there. This is because of one simple reason, short term lenders quite often have credit checks before approval. Don’t do a credit check now for obvious reasons. If there is no credit check for you to go through, then you will inevitably get the finance you require. Lenders too work on a certain algorithm. They evaluate a person for credit-worthiness and the risks involved should they decide to grant loan.

No Credit Checks – Is It Good Or Bad Thing?

Well, this really depends on what your credit history is like, if it’s poor, you ought to be grateful that there isn’t a credit check. If it’s good, then you probably will need to be looking at a different type of finance. This is because the lenders that don’t have a credit check often charge higher rates than the ones that do as there is a greater risk of lending for them.

Guaranteed payday loans no credit check is a very lucrative proposition for anyone but could this be a good thing, really? Lenders try to obviously protect their money as much as possible. There are risks involved when it comes to lending money. Unfortunately, bad lending was what helped push the country into financial crises years ago. I’m sure you have heard about the banks closing down because of bad debt. This was brought about by the banks giving money to anyone that applied regardless of credit score or financial status. They didn’t care if they could afford it or not because their whole goal was to lend as much as possible to everyone. Unfortunately, this scheme didn’t work out so well in the long term as people struggled to afford to hit their monthly repayments.

This is the main reason behind the strict credit checking now. This is albeit a move to stop the country from repeating past mistakes and for being lax about money matters. While credit checks could be a nuisance or hassle for borrowers, this is very important for lenders so as to avoid any financial mishaps from happening once repayments begin. One route you see becoming more popular is the guarantor loans. This is almost like what happened in 1960 when you would go into the bank and have a meeting with the bank manager. If he didn’t think you can afford to repay the agreement, then he would ask for someone to guarantor the payments so he wouldn’t worry about the lending. If you have someone that will guarantor a loan for you then this would be a great idea as this all helps with the credit check issue.

FAQ About Payday Loans

What Happens If I Don’t Pay It Back On Time?

Payday loans are said to be straightforward and easy but things can go wrong if you can’t pay back on time.This is where payday loans become expensive if you pay the full amount back to the lender in time i.e. your next pay date then you will find payday loans aren’t the most of expensive finance out there. You could expect additional or higher interest rates, rollovers, and additional charges imposed on your current loan. The problem arises when you start to miss the pay dates set at the start of the agreement as the interest can roll on making it a very expensive type of finance.There are also money lenders that impose late payment fees. Make sure to inquire about these hidden or additional charges before applying for credit. You could also be transferred on passed on to a debt collection agency which could be more stressful because of the demand letters and constant followup calls.

How Much Can I Borrow?

The amount you can borrow differs from one lender to another. Every lender across the whole market varies in the amounts they lend depending primarily on your credit rating and capacity to pay or based on your paycheck. As a general rule, most lend up to about £800 of payday loan guaranteed approval but there are firms that lender higher amounts for their bigger-earning customers. Your paycheck or salary is your security and that is where they mostly base their credit approval decision.

How Long Till I Get My Money?

The most important information for people applying for loan is when do they get their cash. Again, this can vary depending on the lender but there are ways to improve the speed with fast guaranteed loans. Firstly, make sure you have all the required information to hand just in case a lender requires a wage slip. Having everything organized will make the loan processing easy and fast for both parties. These days, it is fairly rare but it’s better to be prepared. If the lender doesn’t require anything of this nature then they can be paid straight into your accounts within the hour.

On The Average, Lenders Will Require The Following:

  • Your name and address
  • Your date of birth
  • Your contact telephone numbers and email
  • Your employment and/or regular income details
  • Your monthly expenditure information
  • Your bank account and debit card details

Can I Pick My Repayment Date?

Most lenders will always time their repayments in line with your pay date. If there is a good reason why it should be on another date, then they would most likely accommodate this just as long as you pay right on schedule. Make sure that you are able to comply with the date you have chosen and not default in payments to maintain or boost credit rating.

How Do I Repay My Loan?

All lenders will accept debit card or direct debit payments on the day or schedule you both have agreed to. If it’s allowed, you can even make advance payments so as to pay off your debt faster.

Who Use Payday Loans?

What’s really convenient about payday loans is that there is no lengthy credit check approval or paperwork just as long as you have a stable recurring paycheck. If you have regular employment but got caught short one month then this type of finance or fast payday loans guaranteed approval  would suit you. If you have savings, we would suggest you use them before taking out finance of any kind. If you want to take this loan over a longer period of time then this type of finance isn’t for you. Payday loans are usually short-term and with a fixed rate or period of time. To qualify for payday loans, the most common requirements would be the following – social security number or individual tax payer identification number, bank account, valid identification documents, and a steady recurring paycheck.

Are There Alternative Finance Options?

There sure are and lots of them in the loans market. If you have good credit, then a traditional unsecured loan will suit you perfectly. If that’s not the case , then don’t worry as it’s not the case for most people. You should definitely be able to find a good match in terms of financing options or if you would want a 1500 payday loan guaranteed. You will find then that there are some great options out there with loan products that will suit your capacity to pay and credit reputation.

Logbook Loans – They secure the finance you want against your vehicle.

Guarantor Loans – These are one of the biggest types of guaranteed loans no credit check direct lenders in the UK for people with poor credit. You simply have a guarantor vouch for the loan itself. No long credit checks or paperwork just as long as your guarantor is in top financial shape and has good credit rating. It’s going back to the old days where someone would come in to the bank with you and vouch for the finance with the bank manager. This finance is at a very reasonable rate.

What Can I Do If I Wish To Complain?

Information about complaints can be found in our complaints policy.

What If I Can’t Keep Up With My Loan Repayments?

Don’t magnify the problem, make sure to meet with your moneylender and issue a settlement with modifications necessary so you can keep up with schedule. If you can’t keep up with your fast guaranteed loan repayments and can’t seem to make it on due date, then you must contact your moneylender immediately and advise that you’re struggling with the monthly installments. Money lenders would usually appreciate the prompt notification rather than just ignore or even hide off from credit agreements. Most companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis. It would help to be cooperative and transparent with the amount and schedule that you would be able to come up with. Make sure that you are committed to the new installment plan. Remember that being delinquent with repayments can hurt your credit score. Stick to the agreement and make it work this time around. Please note that these adjustments can also extend your term of 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 than it is right now. It would probably take like seven years or more before you can borrow again. Take this loan agreement as a chance to rebuild or boost your credit reputation.

What Do I Do Next?

Next is the fun bit, all you need to do is 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 finish shouldn’t take you longer than three minutes; it’s as simple as you can get.

*Subject to lender approval and requirements.