Short Term Loans Bad Credit

Borrow up to £1,100, Poor Credit Considered

Short term loans for bad credit are specifically designed to help those who may have been turned down by mainstream lenders and loan companies. Whilst some lenders have a very strict lending criteria, bad credit loans are available to help those who may have had a few blips on their credit score and are looking to borrow money and get back on their feet. At Payday Bad Credit, we understand that people need money for emergencies and simply because they have been turned down in the past does not mean that they cannot have access to affordable finance. We know that the unexpected can happen, whether it is broken boilers, damages to your car or medical bills that can make you fall behind on monthly payment and impact your credit score. But this should affect your chances of borrowing in the future, which is why our bad credit short term loans are here to help you.

Short Term Loans For Bad Credit – How Do They Work?

Once you turn 18, everyone in the UK is assigned a credit rating from one of the three main credit reference agencies of Experian, Equifax and Call Credit. If you fall behind on repayments, your credit score will fall, generally making it harder to access affordable finance. However, if you can get used to always paying loans, credit cards and bills on time, your score will continue to increase and remain strong. There are several lenders in the UK who are able to offer short term loans for bad credit, including those with missed payments, arrears, IVAs and CCJs and there are many companies looking to give customers ‘a second chance.’ There are several ways that they can cater to this market through slightly high fees or slightly short loan periods to manage the risk. Other options available through our partners include borrowing with the help of a guarantor or a credit builder credit card to allow you to borrow money and build up your credit score too. Short term loans for poor credit are commonly used for:
  • Paying off debts (debt consolidation)
  • Paying for rent, household bills
  • Car repairs, home repairs
  • Medical and pet bills
It is noted that short term loans of this nature should not be used to pay off other high cost loans, as this could lead to a spiral of debt. Similarly, loans like payday loans should not be frivolous and unnecessary spending such as luxury gifts, holidays and shopping sprees.

short-term-loans-bad-creditHow Much Can I Borrow?

Customers can borrow £200 to £1,100 by applying through Payday Bad Credit. Working with several partners across the UK, who are all FCA authorised, the amount you can borrow is based on your income and affordability. So depending on how much you take home from work each month (your salary) and your monthly bills (phone, car, utilities etc), our lenders will try to let you borrow the amount you have requested or adjust the amount carefully so that you can comfortably make the monthly repayments without falling into financial difficulty. Whilst customers looking for short term loans with bad credit may wish to borrow as much as possible, it is important to know that this may not be the best thing for the customer. Instead, finding just the right amount so that they can make their monthly repayments without feeling the squeeze is the ideal scenario. You are able to choose the amount you want to borrow and how long you would like to repay it, whether it is over 2, 3 or 4 months. Our loans are typically repaid in equal monthly instalments so you know exactly how much you are going to repay each month and there are no surprises. Equally, you have the option to repay early if you have the means to do so and you will be able to save interest by doing so (since you loan is not open for as long).

What is The Criteria For Applying?

Customers looking for poor credit short term loans must be able to follow the criteria below to be eligible:
  • 18 or above
  • UK resident
  • Working debit or 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
This is the general criteria for applying and to be eligible for a short term loan. Once you have completed in an application, the lenders will continue to carry out checks and their criteria may vary. Some customers may need to provide proof of income through a pay slip or bank statement and lenders may also request further information and a phone call to confirm your details.

apply-onlineHow To Apply for Short Term Loans Bad Credit

Complete an online application form by simply clicking on the apply now button provided. This will take you to our application which only takes around 3 to 5 minutes to complete and requires details such as your name, address, contact details, amount you would like to borrow, income, expenses and bank details – so we know where to send the funds. The application can be completed online via desktop, mobile and tablet and you should receive an instant decision letting you know if you are provisionally accepted. We work with a number of short term loan companies for bad credit in the UK, so you are able to increase your chances of approval. The site is first and foremost a direct lender site. If we cannot help, we offer the option to refer them to one of our trusted affiliates. At Payday Bad Credit, we are passionate about helping our customers access the finance they need. Your details will always be held safely through our secure server and we will not pass on your information to our companies without your permission, nor will you receive numerous text messages and phone calls. As a company that is regulated by the FCA, we are dedicated to responsible lending and treating customers fairly and will make sure that our process maximises your chance of borrowing the money you have requested.  


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 £500 for first-time customers (£1,100 for existing).
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.

Representative example: Borrow £500 for 4 Months, 4 Monthly Repayments of £215.81. Total repayment £863.24. Interest Rate PA (fixed) 270.10%, Representative APR 997%.
Warning: Late repayment can cause you serious money problems. For help, go to