WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

Online loans £50 To £2000

The Best Loans In Then Market

How much?

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Why Choose MoneyFall

Quick and Easy Process to the money you need. The most reliable lenders from across all the UK

Loan amount
1,500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Excellent
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

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Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Guaranteed Payday Loans for Bad Credit

Everybody needs some extra cash from time to time, and if you are someone who is struggling to get a loan because of bad credit, trust me you are not alone. Unbelievably, hundreds or even thousands of people search the internet every day for immediate credit solutions, with the majority as people with bad credit. I know what it feels like, and I have never been so grateful to find payday loans to save my day! But before we get any further, you need to ask yourself first: “Can I afford to repay a costly desperate loan in full and on time without compromising my other monthly obligations?” If your answer is yes, then go on.

What is Guaranteed Payday Loans for Bad Credit

Bad credit is the term used to describe the financial situation of people who have low credit score because of missed payments for credit obligations, utility bill, or credit card balances in the past. It can also be the result of not having any credit history at all, which is common for fresh difficult to get a loan approval because you are considered a risk. What you need to know about Guaranteed Payday Loans for Bad Credit Payday loans for bad credit are typically small in amount and short-term designed to meet urgent financial needs for those with low credit score. Payday loans for bad credit are one of the few financial products accessible for people with low or bad credit or have no credit at all. Guaranteed Payday Loans for Bad Credit - Cash Loans for Those Who Have Credit Issues It is with optimum importance though that you only borrow within your capacity and make repayments on time. Otherwise, you’ll only make your financial situation worse. The interest rates on guaranteed payday loans for bad credit are much higher than the regular loans because of the risk involved and the leniency of the loan agreement. The loan terms and conditions differ from lender to lender, so as the loan APR. On the bright side, the FCA caps on fees and charges always apply for legitimate and licensed lenders, which means you should never pay more than £24 per month for every £100 borrowed. You should not be shelling out more than double the original amount owed. However, understand that not everyone who applies for guaranteed payday loans for bad credit will get an approval. Lenders may look past your bad credit, but they will look into your capacity to pay based on your income. If they see that you can still manage the repayments, you’ll definitely get a yes from them. Each time you apply for a loan, whether it is approved or denied, it will leave a mark on your credit record because lenders will run a credit check as mandated by the law. If you already have a bad credit, further credit searches could make your situation even worse. Multiple marks on your credit record is a red flag for most lenders. Keep in mind that if you make multiple guaranteed payday loans for bad credit applications at once can damage your credit record even more.

How to Qualify for Guaranteed Payday Loans for Bad Credit

Affordability is the key to qualify for a bad no credit payday loan. The approval of your guaranteed payday loans for bad credit application also depends on your personal circumstances. The basic criteria include having regular employment or benefits, must be over 18 years old, and a UK resident with an active bank account. In general, you will need to take home more than £500 to be eligible for  this loan. Lenders will look at your earnings and subtracts all your monthly expenses, including rent or mortgage, utilities, transport, food, credit expenses, and so on. The remaining balance must be enough for you to be able to repay your loan and still have a bit of money left in your pocket. Benefits of Payday Loans for Bad Credit If you have bad credit and you cannot find financial help elsewhere, payday loans come to the rescue. These loans are quick and easy money, which are small in amount and short-term. This will allow you to repay it quickly, getting rid of the heavy burden of the debt the soonest. With most personal loans, you are tied into repayments for months and even years. With a payday loan, your commitment will be over when your paycheck arrives, and as long as you pay on the agreed schedule. Since payday loans are small amounts of borrowings, you should not borrow more than what you need, and they’re easy to pay. The application process for payday loans for bad credit is non-intrusive and only a few personal details will be required from you. You don’t have to explain in detail why you need the money. The application is usually done online, providing convenience for the borrower. Payday loans are unsecured type of borrowings, so you don’t worry about losing your home or any asset if you fail to make repayments. However, you’ll be subject to further charges and your credit rating will definitely be affected, making it even more difficult to get a loan in the future. Drawbacks of Payday Loans for Bad Credit While bad credit payday loans are available for people that might have applications rejected elsewhere, this can make a loan tempting in non-emergency situations. Payday loans should be considered as emergency funds only and not for leisure or long-term financial needs. Apply for this type of loan only when you can be sure you’ll be able to pay the money back. Payday loans come with an extremely high APR compared to other types of loans. The good news is that there are now restrictions and price caps in place to protect consumers from loan sharks. With its name “payday loan,” it’s obvious that the loan means you need to pay it back when your next paycheck arrives. This also means that unlike long-term loans where the loan cost is spread for several weeks or months, you don’t have enough time to repay a payday loan. Although many lenders today offer repayment period of up to six months for a payday loan, majority of payday loans are over two to four weeks only. Bottom Line A responsible payday loan for bad credit provider lend money only to those who can really afford to make the repayments comfortable and not struggle even more. Borrow within your means, so you won’t have trouble paying off the loan. Keep in mind that payday loans are for emergency expenses only. Being approved for a loan with a bad credit is already a good even though the rates are very high. Take it as an opportunity to rebuild and boost your credit rating. You must be able to repay your loan commitments in full and on time. This will help you avoid getting caught up the terrible cycle of debt. Once your credit score will improve, you can get a better loan deal in the future. Guaranteed Payday Loans for Bad Credit - No More Credit Check

5 most recent personal loan reviews

Review of Bridge Finance

This is my second loan with Bridge Finance and both times they have been very helpful and informative. Explained everything to me and made sure I understood the process and what would happen. I would recommend Bridge to anyone.

Review posted by Charlotte Ashton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wesleyan Bank

Wesleyan loans are a financial institute which is excellent for applying for loans. It looks at all your circumstances and provide loans to people who are refused elsewhere. They are fast and honest. I would recommend Wesleyan loans to anybody who needs a loan.

Review posted by Zafrullah Khan, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Logbook Loans

Really happy with my experience with Logbook. Most of the process was done online from the convenience of my own home. Really friendly customer services too! Highly recommended.

Review posted by Bethany Holcombe, Cirencester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews are sourced from Trustpilot.com for authenticity.