Borrow from £100 to £25,000
Complete our simple 60 second application form to get the loan you want today.
Whole of Market panel
Trusted panel of lenders
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
You Can Be Approved for a Loan Regardless of Credit
You will likely be turned down by your bank if you request a loan and your credit is poor. The bank simply won’t loan to anyone it deems a risk. Banks have investors, and they have to be careful who they lend money to, even if those potential borrowers are bank patrons. Your status as a member of that bank won’t necessarily help your application for a loan to go through. If you have a good history with them of making payments on time or paying back previous loans, then that may help, but your bad credit is still going to be an issue. You may be approved for a loan, but probably not the one you want. Your loan may be downsized to meet what the banks would consider an acceptable risk level.
If you are tired of dealing with your bank and just want to do business with a lender who won’t worry about your credit, then you need to look for lenders offering bad credit payday loans with guaranteed approval. You might be surprised at how many of them are out there.
Anyone can apply for guaranteed direct loans from these lenders, regardless of their credit rating or history and you will find approval in an instant. Your credit won’t even be checked by a majority of them, though a few will check your credit and will limit how much you can borrow, based on their findings. Payday lenders, however, especially those that advertise guaranteed approval and bad credit loans, are likely to approve you for a loan no matter what state your finances are in.
They can afford to take the risk of lending you money, because they charge interest rates that are quite high. Of course, if you pay off the loan quickly, you won’t have to pay much in interest, but the lenders are counting on the fact that most borrowers don’t pay back the loan quickly. Most of them take the full allotted time to repay the loan, providing the lender with plenty of money in interest.
This is how they balance the risk, and that means that they can approve just about anyone for a loan. Bad credit payday loans with guaranteed approval are open to anyone, and most applicants do get approved. The minimum requirements for a loan from these types of lenders is very low. You basically just have to show that you are working and receiving income and that you are of legal age. You’ll also need an active bank account for the money from the loan to be deposited. Once you can fulfil these simple requirements, you should be approved for the loan. Some lenders will be stricter than others and want more information, but as long as they advertise bad credit loans and guaranteed approval, there’s a good chance you are going to be approved.
Don’t Worry about Your Credit
If you took one look at your credit and determined that no one would approve you for a loan because of it, then you may not realize the kind of lenders that are out there some are cheap some are not some are easy some are not. Bad credit payday loans with guaranteed approval are common enough that you should have no trouble finding one.
Payday lenders tend to not be too concerned about their applicants’ credit. While your credit may keep you from getting a bank loan or may cause your interest rates to increase, there are still loan opportunities available for you. You should not let your credit keep you back from getting the money you need and from applying for the loan of your choice.
That said, if you are not careful with how you handle the loan and the repayment process, then your credit can go from bad to worse. Be sure you make payments on time to preserve your credit and to even give it a boost by the time you are finished paying off the loan.
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.