Payday Loans for Bad Credit.

There’s an excellent chance we will. Many companies that make up our brokers panel of lenders specialise in providing access to credit for people with bad credit. They understand how little it takes to damage a credit report and will take a holistic approach when assessing your eligibility. They will look at past mistakes and your current circumstances to build a more accurate picture of suitability. Most applicants of bad credit payday loans via Payday UK have the money in their account on the same day.

Just because you have a CCJ doesn’t mean you can’t get access to credit. A CCJ will show up on your credit report for six years, but you won’t need to wait this long before gaining access to credit again. Completing our quick and easy online application will give you instant access to direct lenders, including many that specialise in bad credit loans for people with CCJs.

Payday UK do not charge applicants a fee for using our service. Not now, not ever. You should never pay an upfront fee for a loan.

You can complete the whole process, from application to having the money in your account, online. We promise not to confuse you with paperwork or intimidate you by arranging any inconvenient meetings. We try our best to ensure everything is as straightforward and straightforward as possible. When you apply on your smartphone, tablet, or computer, we will compare bad credit loans from the lenders on our panel and show you the best available. You’ll receive an instant decision, and if you decide to go ahead with a loan offer, the money can be with you in minutes.

We don’t just work this way for convenience. We’re aware you probably need the money urgently. It’s not just about borrowing the money; it’s about ensuring you and your family can continue to operate when faced with a stressful situation. If you need money in your bank urgently, Payday UK can help.

Our brokers panel of lenders all have different criteria they want you to meet to borrow money. If you have bad credit some will only lend if you have a guarantor. Others might not need a guarantor. There are many factors they consider. If a guarantor is requested, you can use a trusted family member or close friend. The reason lenders will sometimes require a guarantor for bad credit loans is because it lowers the risk they are taking.

The easiest way to check your eligibility is to apply. Some people don’t want to apply as they believe it will make their credit score worse. However, our application process only uses a soft credit check, so there is no record of it on your credit report. Soft credit searches are not visible if other lenders look at your file in the future. There is no way to check your eligibility without applying.

The reason people think a rejected application will make their credit score worse is that a full credit check can do this. If someone runs a full credit check then refuses your application, the next lender you approach will see the other company has already run a credit check and refused you. This makes them less likely to approve your application, compounding the problem, as you now have two searches on your record that didn’t approve you. This can reduce your score and chances of being accepted for a loan or credit in the future. Soft credit searches do not have this effect.

The FCA (Financial Conduct Authority) does require all lenders to perform a full credit check before releasing funds. Still, you’ll already know you meet their criteria before this is carried out. If you accept the loan and repay it as agreed, it will only improve your credit score.

Our brokers panel of lenders is so diverse that virtually any circumstance does not automatically exclude you from borrowing money. Bankruptcy is more common than most people think, and most people that have experienced bankruptcy will do everything they can to avoid going through it again, which in some ways makes them a safer bet.

A lot of our specialised bad credit lenders will also be suitable for someone that has been declared bankrupt in the past.