Payday Loans For Bad Credit

Payday Bad Credit offers a simple way to access affordable finance, even if you have been turned down by mainstream lenders. We understand that keeping a good credit score is not easy and various circumstances can arise and cause a less than perfect credit history. But, that does not mean that you should be denied the finance you need to for future emergencies or other urgent expenses – whether it is car repairs, an expensive medical visit or a broken boiler that requires some money to be fixed.

At Payday Bad Credit, we specialise in payday loans for bad credit, allowing you to borrow up to £1,100 and repay over several weeks or months, giving you the flexibility and breathing space to get back on your feet. Our form allows you to choose how much you wish to borrow and how long for, putting you in control of your finances.

We are able to offer bad credit payday loans by working with lenders that take a view on different credit histories. In some cases, we may recommend lenders that offer payday loan alternatives or those that require you have a guarantor, to add more security to your application.

Our online application only takes two minutes to complete, and you will be put in touch with one of our loan partners who will be able to assist you every step of the way. Provided that you meet their criteria, funds can be successfully transferred to your account on the same day of applying and sometimes within one hour.

How much I can I borrow?

Customers can apply to borrow £50 to £1,100 over 3,6,9 or 12 months. The amount they will be able to borrow will depend on a number of factors determined by the lenders we have provided. Factors considered include monthly income, affordability and current credit rating to ensure that the customer can afford their monthly repayments without falling into financial difficulty.

How do repayments work?

Our payday loans bad credit are repaid in equal monthly instalments which will come out automatically from your debit account on a date that you have selected. Most customers choose the last working day of the month because this is typically when you receive your salary from work and are likely to have a healthy sum of money in your account. Payments are taken automatically through a method known as continuous payment authority – meaning that your debit card is tokenised during the application process so the amount owed can directly collected by the lender each month, saving you the hassle of making a manual repayment or calling up to pay every month. If you find that you are in a financial position to do so, you may pay your loan off early and you will save money on the interest as a result and likely end up paying less.

When will my loan be funded?

The lenders partnered with Payday Bad Credit are determined to process your loan as soon as possible and aim to fund loans within 1-2 hours, or on the same day for the very least. You may be required to provide additional information to the lender such as a pay-slip, bank statement or utility bill and also have a quick phone call to confirm details. We cannot guaranteed the speed of the loan payment but our partners are committed to helping you receive your funds as quickly as they can.

Our Promise

As a company that is regulated by the Financial Conduct Authority, we are passionate about treating customers fairly and the practices of responsible lending. We will only present your applications to lenders that are fully FCA authorised, responsible and able to successfully fund your loan. We will not share your details with third party companies and you will not be receive any unsolicited calls, messages or emails without permission. We are proudly members of the trade bodies including the BCCA and CCTA so that we are always up-to-date with the payday loan industry and will always have you best interests at heart. There are no fees for applying and your details are kept safely and confidentially on our secure server.