Instant Decision Bad Credit Loans up to £5,000

  • Free and no obligation quote
  • No impact on your credit score*
  • Loans for all credit types

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

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Representative 49.9% APR (variable). Representative Example: If you borrow £1,000 over 12 months at a Representative rate of 49.9% APR (variable) and an annual interest rate of 49.9% (variable), you would pay 12 monthly instalments of £103.06. The total charge for credit will be £236.72 and the total amount payable will be £1,236.72.

Compare some of the best Payday Loans In The UK

Traditional credit such as secured loans, an overdraft or credit cards don't suit everyone. Sometimes we only need a couple of hundred pounds, but to be approved for a bank loan we might be told we need to borrow a minimum amount which is usually closer to £1000. This can mean borrowing more than we're comfortable with and sometimes we just need a small amount to get us through a current crisis or financial difficulty. Perhaps a pipe in our house has broken, or our car needs urgent repair? If payday were closer, it might not be a problem, but if we have several weeks until our salary is paid, then we need to find the funds from somewhere. This is where a payday loan could be useful.

What are payday loans?

Payday loans are short-term, unsecured personal loans which can help applicants get by until their next payday, or perhaps for a few months. They are typically paid off within a few months once that borrower has been paid, hence the name. Not everybody has savings, an overdraft or a credit card, so payday loans provide a valuable lifeline to those in short-term financial need.

Because payday loans are unsecured and have relatively short repayment terms, they can charge a higher rate of interest than traditional loans. Payday loans are providing a service that traditional lenders aren’t. Although it's important to point out that not everybody qualifies for a payday loan.

How can BadCreditSite help?

At BadCreditSite, we understand that choosing the right payday loan can be overwhelming. Using comparison technology, we aim to help our customers by comparing several lenders, quickly. While we'll always do our best to help our customers explore their options, not everybody will meet the criteria of the lenders that feature in the panel.

Even if you have had bad credit affect you in the past and have been denied credit from traditional lenders, we might still be able to help. While we cannot guarantee you will be approved, what we can do is search our panel, and where possible, show you competing lender quotes to help you find the best option.

How Do I Apply?

Our application process is simple. All you need to do is fill in our online application form, and we’ll present you with a comparison table of lenders who have accepted your application. If you decide to continue with a particular lender, that lender may ask additional information before processing your loan. They’ll also carry out a full credit check. If your loan is approved, the funds could reach your bank account in under an hour˅.

Using our website is free and submitting an application will not have an impact on your credit file. When finalising your application directly with your chosen lender, they will likely complete a hard credit check.

Badcreditsite will never call you and will never charge you any fees. Never pay upfront fees for a loan or send money in return for a loan.
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