Borrow from £100 to £25,000
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- Bad Credit
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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: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 481.6% APR.
Payday Loans Online For Bad Credit
Payday loans online for bad credit may be the best option for you if you need access to funds fast and your bad credit score is inhibiting your ability to get it. Having bad credit can adversely affect your life further down the track for years to come, and if you are ever in a situation where you need money quick, then you may find it challenging to obtain it. Banks won’t lend to people who don’t have a good credit score because they have a biased cookie cutter approach to screening applications which leaves many people who are able to make repayments without a chance to borrow money. Thankfully, there is an option if you don’t need to borrow too much and these loans have saved many people from difficult situations. What Are Payday Loans Online For Bad Credit?
These types of loans are applied for online, and they are for people who have bad credit scores. The name is derived from the structure of the loan, and they get repaid on your next pay day from work. In order to do this, you may need to give your lender a deposit or cheque which they can hold as collateral, and they may also need electronic access to your bank account in the form of a direct debit. These loans have a fast application and approval process in place so you could find yourself getting access to much-needed funds within a short timeframe.
When Could I Use This Type of Unsecured Loan? If you have bad credit and need cash fast, then this type of loan may be the best thing you could do. Not only can you get your money quick, but the repayment process is simple too as it just comes out of your next pay from work. There are many situations which could arise out of the blue and require you to need to pay for something fast. A trip to the emergency room, urgent repairs to your home or car, or perhaps an overdue bill that needs to be taken care of. Whatever the reason, these loans are perfect for covering relatively low expenses and then all you have to do is just pay it back when your pay from work comes in. So Should I Get One?
These loans have saved so many people from dire situations where they needed to cover an expense fast. As mentioned before, there’s no way a bank will help you, and even if they did, there’s no way the turnaround time would be as fast as this. So, if you need access to funds fast then don’t hesitate, because you know that financial problems don’t just tend to fix themselves. You need to take action today and do something about your situation before it gets worse and spirals out of control. And because the whole thing is done online, you don’t even need to waste all that time going to physically visit a lender and can just apply for it at home.
What if I can’t keep up my repayments?
If you can’t keep up with your 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 file this could make obtaining 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.
Bad credit relevant pages