PAYDAY LOANS BAD CREDIT

if you have bad credit and you are looking for a loan then payday loans are available to you. Payday loans are small loans of up to approximately £1000. The interest on payday loans can often be very high but they are designed to be borrowed for a month or less and you pay them back when you get paid. It is worth comparing different loans to work out which one should be cheapest for you. Check the representative APR as this should be a good indicator of how expensive the loan is. It is important to pay your payday loan back on time as the fees and charges for late payments can be very expensive. Always read the terms and conditions of a loan thoroughly before you apply.

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

Search Report: All Payday Loans  Text  Mobile  Lenders  Brokers  Instant Decision  Online Application  No Credit Check  Bad Credit

Product Type: Payday Loans  Instalment Loans  Short Term Loans

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300


PROVIDERTYPE

TYPE

Lender / Broker

APR

APR

A Representative APR is a financial service concept in which interest rates quoted through advertising media is required to take into account all charges associated with a product, in addition to the interest rate.

LOAN AMOUNT

LOAN AMOUNT

Total amount you can borrow

MIN TERM

MIN TERM

Minimum loan duration

MAX TERM

MAX TERM

Maximum loan duration

FEATURES

FEATURES

List of features of loan

ID REQUIRED

ID REQUIRED

List of ID required to obtain a loan

SUITABLE

SUITABLE

Who the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

Fast Online Payday
: Fast Online Payday

Broker1734%
Representative Example

Representative Example

Representative Example: £275 borrowed for 28 days. Annual interest rate of 359.40% (fixed). Total amount repayable by one repayment is £357.36. 1734% APR Representative.

£100 - £7501 week1 monthFeatures

Features

Credit Check: No
Instant Decision: No
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £125
Extention: Dependent on lender

Identification

Identification

Generally not required – Pay Me Now offer instant online approval

Suitable For

Suitable For

Same day deposit

Restrictions

Restrictions

You must be over the age of 18 years old.

: Fast Online Payday
Fast Online Payday cover your short term cash flow issues, helping you avoid bank or credit card charges, pay unexpected bills or even treat yourself when you know payday is just around the corner. There are no awkward questions just simple qualification criteria. Borrow up to £1000 and they will do their best to get the cleared cash funds in your account in 15mins. They have a high acceptance rate and you can borrow any amount between £100 and £1000 payable within 31 days. A simple debit card transaction is used for repayment. DETAIL INFORMATION >>Terms

Terms

Over 18, employed, earning minimum £650 per month. Payment should be within 31 days.


Advantages

Advantages

1. Possible to roll the loan over 2 times - i.e. 3 months total
2. Same day deposit sometimes within 15mins


Disadvantages

Disadvantages

1. Payday loans are not a long term solution for financial problems

Lending Stream
: Lending Stream

Lender5387.8%
Representative Example

Representative Example

Annual Interest Rate: 427.9% (Fixed). Total Amount of credit: £200. Representative APR: 5387.8% Duration of Agreement: 6 months. Total Amount Payable: £472. Total Charge of credit: £272.

£50.00 - £1,500.001 month6 monthsFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £130
Extention:

Identification

Identification

None

Suitable For

Suitable For

Emergency cash needs

Restrictions

Restrictions

Only for UK residents

: Lending Stream
Lending Stream offers short-term loans that are paid back in monthly instalments over six months. Lending Stream accepts applications 24 hours a day, 7 days a week, even on bank holidays. We encourage our customers to repay early to save on interest and provide online account management features for making payments and checking account balances. Lending Stream has been providing short-term loans since 2008 and is a member of the BCCA and CCTA. We run an affordability analysis on all applications to help assess whether you are able to repay the loan in a sustainable manner. DETAIL INFORMATION >>Terms

Terms

You need to be 18 years of age, or older, be in regular employment with a minimum monthly income of at least £400, and have a valid debit card and a working bank account. You should also be a UK resident. We currently do not lend to individuals who are self-employed


Advantages

Advantages


1. Upon approval, fund transfer initiated within 4 minutes (the time that it takes for cash to appear in your account will depend on your bank’s policies and procedures). 
2. New loans £800;Returning customers can receive up to £1,500 
3. Repay your loan over 6 months


Disadvantages

Disadvantages

Lending of this type is an expensive form of credit that may be appropriate for short-term financial needs, but may not be appropriate for long-term borrowing - or if you are in financial difficulty.

Sunny
: Sunny

Lender1971%
Representative Example

Representative Example

Representative Example: Representative 1971% APR (variable) based on an assumed credit limit of £350. Representative example: £350 borrowed for 12 months. Interest 345% p.a. variable. Total amount repayable £1267.80 in 12 payments of £105.65 per month. Total cost for credit £917.80 comprising interest of £917.80.

£100.00 - £1,000.003days5 monthsFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £128.99
Extention:

Identification

Identification

Bank account and debit card details

Suitable For

Suitable For

If you need a short term loan

Restrictions

Restrictions

You need to be 18 years old or over

: Sunny
Sunny offers a flexible credit from £100 to £1000 for up to five months. At Sunny, you’ll never pay a fee so you don’t have to worry about application fees, funding fees, rollover fees or late fees. You’ll only pay daily interest on what you borrow. Sunny offers several flexible payment schedules for you to choose from, the quicker you repay your balance the less interest you pay. At any point you can repay the remainder of your balance early without being charged an extra fee, you pay only the daily interest on the amount you borrowed. DETAIL INFORMATION >>Terms

Terms

You need to be 18 years old or over, living in the UK and have a UK bank account with an active debit card. Loan amounts are based on consumer's credit history and ability to repay loan


Advantages

Advantages

1. No Fees, you only pay interest on what you borrow 

2. Flexible payment schedules 
3. You can lower your interest rate
4. The money is sent to your bank account within 15 minutes, if approved


Disadvantages

Disadvantages

1.Not advisable for long term solutions

Payday Kong
: Payday Kong

Broker1734%
Representative Example

Representative Example

Borrow £200 for 28 days. The total charge for credit is £50. Interest is fixed at a rate of £50 per £200 loan (326% per annum). The Total Repayable is £250. Representative 1734% APR 1734% | Note this is an average representative APR. Your rate could vary depending on the payday or short term loan lender that accepts you.

£50.00 - £1,000.00Ask on application31 daysFeatures

Features

Credit Check: No
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £250
Extention: varies

Identification

Identification

In some cases

Suitable For

Suitable For

Short term lending

Restrictions

Restrictions

Applicants have to be 18 years old and over

: Payday Kong
Need some emergency cash? Then apply for payday loan with PaydayKong and you could receive your money within hours! They only work together with leading loan companies – so you are in best and safe hands. If you need a fast and hassle-free service then go for Payday Kong.Please note: Payday Loans are not suitable as long term loans. DETAIL INFORMATION >>Terms

Terms

Depends on lender


Advantages

Advantages

1.Only leading lenders
2.Fast application
3.Quick approval
4.Secure process


Disadvantages

Disadvantages

Not for long term lending

True Blue Loans
: True Blue Loans

Lender2108.81%
Representative Example

Representative Example

Representative Example: Representative 2108.81% APR on a loan of £200.00 with 6 monthly repayments of £67.62. Total amount repayable £405.55. Annual interest rate (fixed) 348%

£100.00 - £500.003 months9 monthsFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: No
Bank Account: No
Bad Credit: Yes
Repayable: Dependant on loan amount and length
Extention:

Identification

Identification

Personal and financial information

Suitable For

Suitable For

Short term loan

Restrictions

Restrictions

Be full or part time employed, 21 or over, active debit card, UK bank account not in or considering DMP, No CCJ or Bankruptcies

: True Blue Loans
If you are looking to borrow a small amount of money and are tired of the old and dated type of short term loans previously available we’d love you to consider True Blue Loans. Our Team has many years’ experience and believe based on this we can help you find an instalment loan that really does met your needs as an individual. DETAIL INFORMATION >>Terms

Terms

See website


Advantages

Advantages

1.No Application Fees
2.No Transfer Fees
3.Just Daily Interest of 0.96%
4.No Early Repayment Fees


Disadvantages

Disadvantages

Credit check

Chop Chop Payday Loan
: Chop Chop Payday Loan

Broker1737%
Representative Example

Representative Example

If £100 borrowed for a period of 31 days at an interest rate of 296% variable* per annum, total amount repayable by one payment is £125. 1737%APR Representative. * Charges vary depending on lender, and transfers can take up to 48 hours if accepted.

£100.00 - £1,000.0031 days31 daysFeatures

Features

Credit Check: No
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: No
Bank Account: No
Bad Credit: Yes
Repayable: depends on lender
Extention: Ask on application

Identification

Identification

In some cases

Suitable For

Suitable For

18 year old and above

Restrictions

Restrictions

Ask on application

: Chop Chop Payday Loan
It takes only minutes to fill out an easy application form and Chop Chop will find the best lender for you – your cash could be in the bank today! Chop Chop has one of the best acceptance rates in the country – borrow up to £1000. Read the terms and conditions carefully before you apply DETAIL INFORMATION >>Terms

Terms

You have to be 18 years old,payment should be within 31 days.


Advantages

Advantages

Same day transfer


Disadvantages

Disadvantages

Not a long term solution for financial problems

Payday Pig
: Payday Pig

Broker1737%
Representative Example

Representative Example

If £100 was borrowed for a period of 31 days at a fixed rate of £25 per £100 borrowed, the total amount repaid would be £125. Representative APR 1737%

£100.00 - £1,000.001 week1 monthFeatures

Features

Credit Check: No
Instant Decision: No
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £125
Extention: N/A

Identification

Identification

Bank account required

Suitable For

Suitable For

For those in need of a short term cash solution

Restrictions

Restrictions

You must be over 18 and reside in the UK

: Payday Pig
Payday Pig offers fast and simple payday Loans. There's no paperwork and no phone calls. Simply apply online. Payday Pig has an extremely high acceptance rate. When you're running out of cash, short-term payday loans can help you get by until payday. The process is simple and can help you with your short term cash needs. Payday Pig is dedicated to offering you fast, hassle-free lending. Their user friendly loan system is designed to get you the money you need, at a time you need it most. You can receive payday loans almost immediately. DETAIL INFORMATION >>Terms

Terms

You must be over the age of 18 and reside in the UK.


Advantages

Advantages

1.No Paperwork
2.No Phonecalls
3.Simple Application Process


Disadvantages

Disadvantages

1. You must be over 18
2. You must reside in the UK
3. Bank account required

Solution Loans
: Solution Loans

Broker627%
Representative Example

Representative Example

Borrow £200 for 30 days.Total charge is £35.47. Total to repay £235.47. Representative 627% apr fixed

£50.00 - £500.00Ask on application31 days or moreFeatures

Features

Credit Check: No
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: No
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £ 235.47
Extention:

Identification

Identification

Initially residential and personal details

Suitable For

Suitable For

If you have been refused by other lenders, have a credit problem or do not want to be credit scored

Restrictions

Restrictions

You must be 18 years or older in order to be eligible for this loan

: Solution Loans
Solution Loans provide loans for people who are struggling to get unsecured loans by offering guarantor loans. Solution Loans is an introducer specializing in arranging no credit check loans. Customers are eligible by providing a person who is backing their loan. Small guarantor loans are more flexible and cheaper than other payday loans. DETAIL INFORMATION >>Terms

Terms

You must be 18 or over in order to be eligible


Advantages

Advantages

1.No credit check required
2.Cheaper than other payday loans
3.No Enquiry Fees
4.Poor Credit Specialists


Disadvantages

Disadvantages

Not suitable as long term loan

Payday UK MEM
: Payday UK MEM

Lender2090%
Representative Example

Representative Example

£275 borrowed for 28 days. Annual interest rate of 359.40% (fixed). Total amount payable by one repayment is £357.36.

£80.00 - £750.001 week1 monthFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Bad Credit: Yes
Repayable: £129.95
Extention: Not permitted

Identification

Identification

Not Required, just bank and debit card details

Suitable For

Suitable For

Those in need of a short term cash solution.

Restrictions

Restrictions

1. Be over 18 years old
2. Be in permanent employment
3. Earn more than £750 net per month
4. Have a bank account with a valid debit card
5. Be paid monthly

: Payday UK MEM
PaydayUK are here to help! Apply for a payday loan from £100-£1000 and you could have the cash you need in your account by midnight everyday of the week. There are no administrative costs to set up the loan. Payday loans are for 30 days, and should be repaid in a single payment on your payday. No faxes, no additional ID needed - just bank account and debit card. Faster payments now available -customers can get the money the day they apply! Payday UK now do deposit runs on Saturdays and Sundays so you do not have to wait until Mondays. DETAIL INFORMATION >>Terms

Terms

29% charge per hundred


Advantages

Advantages

Good acceptance rate
Bank and debit card details needed only - no extra ID
Money can now be received same day as application Payday UK now do deposit runs on Saturdays and Sundays. This means you will not have to wait until Mondays to get your money when you apply at the weekend.


Disadvantages

Disadvantages

1. High interest rate on loan

FLM Quick
: FLM Quick

Lender199%
Representative Example

Representative Example

Total Amount of Credit: £500; Representative APR: 199%; Duration of Agreement: 31 days; Total Charge of Credit: £48.70; Total Amount Payable: £548.70 Address: Financial Processing Ltd UK, Walton House, 56 – 58 Richmond Hill, Bournemouth, Dorset, BH2 6EX

£50.00 - £500.001 week1 monthFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: No
Mobile Loan: No
Debit Card: Yes
Bank Account: No
Bad Credit: Yes
Repayable: £109
Extention:

Identification

Identification

ID required and validation of your debit card.

Suitable For

Suitable For

Restrictions

Restrictions

Must be over 18 and not bankrupt or on IVA.

: FLM Quick
Borrowing money from FLM Quick is like having an overdraft or credit card. FLM Quick is The Richmond Group’s competitive answer to the payday loans market and allows customers to borrow between £50 and £500, which can be paid out the same day or within 24 hours at an 199% APR! Interest is calculated daily so the quicker you repay it, the less it will cost you. You can manage your own balance and pay back when it suits you best as long as you meet the monthly interest repayments. You must have a guarantor to be approved for this loan. DETAIL INFORMATION >>Terms

Terms

You must be over 18, be living in the UK and not be bankrupt or on an IVA.


Advantages

Advantages

1.We accept applicants with CCJ’s, defaults and late payments, as long as they are not bankrupt or on an IVA
2.Same day pay
3.Online application – apply from home
4.No arrangement fees to set up the loan
5.Friendly service


Disadvantages

Disadvantages

1. You must have a guarantor to get approval for this loan

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Payday Loans Bad Credit

What are Payday Loans?

A payday loan is a short term cash loan which can be borrowed by most people even if they have a lower than average credit rating. The idea is that you borrow money for approximately one month in order to tide you over until the next month. Most payday loans can only provide you with up to £1000 but this amount can vary as can the length of time that you borrow for. Payday Loans don’t have a great reputation because the interest on these loans is usually very high when compared to other types of loans. However, the reason for these high levels of interest is that these are unsecured loans. This means that you do not have to give up an asset as security for the loan. This can be advantageous to you as you won’t have to provide any sort of deposit meaning it won’t get seized if you fail to repay what you owe. However, it also means that the lender is taking more risk by lending to people with bad credit so the interest on the loan will be high.

There are alternative ways of borrowing out there

Payday loans should ideally be used only as a last resort. These loans are expensive and it is not uncommon for people to get themselves into debt by borrowing too much with a payday loan. If you have cash emergency then look around for financial alternatives or see if friends or relatives can help you out. Payday loans van be useful in an emergency but should be avoided otherwise.

Differentiating lenders and brokers

If you are getting a payday loan online there are usually both payday lenders and payday brokers advertising their services. A payday loan broker can be useful if you can’t find a lender who will lend to you. A payday loan broker usually works with a panel of lenders and will send your details to all of them in order to find you a suitable loan. If you chose a payday lender the amount you borrow will come directly from them and you will pay them back directly as well. Make sure you know the pros and cons of taking out a loan with both a lender or a broker before you apply.

Keep your borrowing to a minimum

If you are getting a payday loan then there are a few things you should consider in order to keep payments down. First of all, consider exactly how much you need to borrow and keep it to a minimum. The more you borrow the more you will have to pay back. Compare different companies and look at how much your loan will cost over the allotted period of time. Make sure there are no extra fees to take into consideration. It is also really important to make sure that you pay the loan back on time as there are often penalty charges for late payment. Defaulting on a payday loan can also affect your credit rating negatively. Make sure that you read the terms and conditions for your payday loan thoroughly in order to make sure that you do not receive any surprises. Payday loans are a financial product and it is important to take them seriously. They should be taken out as a last resort and treated with caution because they are a very expensive form of borrowing.

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