Short Term Loans Bad Credit

Representative Example:

Borrow £3,500 over 12 months, repay £311.81 per month, total repayable £3,731.96. Interest rate 12.7% (variable). Representative APR 12.7%.


Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

We proudly offer short term loans up to £10,000 which can be used towards everyday expenses and purposes including paying bills, emergencies and consolidating debts. At Payday Bad Credit, customers can borrow £1,000 to £10,000 when applying online and we are willing to take a view on bad credit and poor credit histories.

We understand that it is normal to have the occasional missed repayment due to personal or unexpected circumstances – but this should not stop you getting the finance you need.

Simply click on ‘Get Rates’ and complete our online form in less than 5 minutes using your desktop, mobile or tablet. You will receive an instant decision on the screen letting you know if you have been provisionally accepted or not, and subject to further checks, you can receive your funds to your bank account within 1 hour or less.

Why Would You Use Short Term Loans for Bad Credit? 

There are always going to be unsuspected bills or expenses that pop up that require an extra injection of cash. No matter how hard we try to save money and put savings aside each month, there are always things that crop up including car repairs, broken boilers and just keeping up with paying our credit card and utility bills.

The challenge is finding companies that can offer bad credit loans, with lenders being stricter and stricter and less options available for people with very poor credit.


At Payday Bad Credit, we offer a viable solution, allowing you to borrow up to £10,000 and repay over 6,9,12,18 or 24 months, giving you some much needed flexibility. You will receive your loan upfront in one lump sum and then your repayments are collected from your account in equal monthly instalments. This means that there are no surprises and you know exactly how much you will be repaying each month. If you’re in need of a smaller short term loan up to £1,100, you can always apply with Cashfloat.

What Do I Need to Apply for a Short Term Loan for Poor Credit?

To be eligible for a loan with Payday Bad Credit, we have the following criteria:

  • 18 or above
  • UK resident
  • Working current account, mobile phone and email address
  • Employed and earning at least £500 per month
  • Not on benefits, pension or unemployed
  • CCJs and adverse credit histories considered
  • Able to repay monthly repayments

Our online loan application requires you to fill in some basic details including your name, age, contact details, monthly income and expenditure. This information allows us to determine your eligibility for a short term loan, and the relationship between income and monthly expenditure lets us calculate how much you can afford to borrow without falling into financial difficulty.


We carry out a credit check for every successful applicant to ensure that they can afford to repay their loan. However, we are always willing to help individuals with bad credit scores, to give them the opportunity to demonstrate their creditworthiness and their ability to repay their loan on time.

You will receive an instant decision on the screen and if accepted, we may carry out some final checks before transferring funds in 1 hour or less.

How Can You Provide Short Term Loans Bad Credit? 

To assist those with bad credit, we carry out sufficient checks including credit scoring and affordability metrics to best understand your financial position. In some cases, we may adjust the amount you have asked to borrow or the duration, to give you greater flexibility and a better chance of repaying your loan on time.

payday-bad-creditAlthough we are a short term loan direct lender, the cost of your loan will not be higher if you have bad credit, since the industry has a price cap of 0.8% per day due to regulation from the Financial Conduct Authority.

We may also suggest some other partners that we work with, which could include adding a guarantor or no guarantor, if you prefer. We are determined to help you get the finance your need, even if it means working with another partner who we have fully reviewed and is regulated by the Financial Conduct Authority.

How is Payday Bad Credit Different?  

Payday Bad Credit is a specialist direct lender for bad credit, and we will process your application with the intention of providing funds on the same day.

We appreciate the struggle of many Britons today who are unable to get much needed finance for their everyday lives. When we set up in 2017, we were determined to help facilitate funds for adverse credit histories. We are pleased to provide a technology-driven solution to underwriting loan applications, providing instant decisions and offering short term loans for bad credit histories in the UK.

It is free to apply with Payday Bad Credit and making an application will not impact your credit score. All you need is access to the Internet and you can apply 24 hours a day, 7 days a week. To start your application, simply click on ‘Get Rates’ below.

Representative example:

Borrow £3,500 over 12 months, repay £311.81 per month, total repayable £3,731.96. Interest rate 12.7% (variable). Representative APR 12.7%.

Payday Bad Credit is a trading style of Western Circle Limited – Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority.
FCA full permission license: 714479
ICO Registration Number: Z3305234

Payday Bad Credit terms and conditions apply.

Applicants must be 23 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Payday Bad Credit responsible lending policy. Loan limit maximum of £10,000.

In most cases, loan decisions may take up to 30 minutes during office working hours.
If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.