Online payday loans for people with very bad credit scores

What are the main characteristics of payday loans for bad credit with no guarantor?

Nowadays, borrowers with a bad credit history can get almost any type of loan. Payday loans are no exception - many lenders are ready to provide such a loan without checking your credit history. However, first of all, we would like to emphasize that you should not count on loyal conditions and low interest rates.

To better characterize payday loans with a bad credit history, consider the main features of such financing:

1. High interest rates. This is the price that the lender wants to receive when issuing a loan with a high risk of default. Therefore, borrowers should be prepared for high loan costs.
2. Short return terms. Usually, such a loan must be returned before the next salary, that is, the credit period can be a maximum of 30 days.
3. Terms of repayment. Before taking out a loan, analyze in detail whether you will be able to keep the repayment schedule or whether your financial situation will be even worse.

In addition, we recommend looking for alternative ways of obtaining funds (loans from credit unions, loans from acquaintances, etc.). Be sure to compare the offers of several lenders to choose the best conditions.

As an alternative, you can also take out a personal loan. Your possible expenses:

Personal loan calculations for 1 year (example)

What is the online application process for a quick payday loan with a bad credit score?

1. Check whether you meet the requirements of creditors. Most banks and finance companies are willing to provide payday loans to individuals who are over 18 years old, who are UK residents, and have a steady source of income.
2. Prepare a list of documents. Creditors usually require an identity document (passport), or income certificate for payday loans with poor credit
3. Applying online. Almost all lenders accept applications online. After choosing a credit program, click on the "More" button. You will be automatically redirected to the official website of the credit organization, where you can submit an online application.
4. Wait for the credit decision. The waiting time can take from a few minutes to several days, depending on the lender
5. In the case of a positive credit decision, you will be able to receive funds in your bank account on the same day.

Treat loans responsibly, compare the offers of competitors, and choose those programs that will be profitable and affordable for you.

Can I get a payday loan the same day in the UK?

Yes, you can get a payday loan the same day in the UK. Many payday lenders offer same-day funding, which can be helpful if you need money quickly.

Look for lenders that advertise same-day or instant funding. Ensure the lender is authorised by the Financial Conduct Authority (FCA).

Most lenders offer a straightforward online application process. You'll need to provide details like your name, address, employment information, and bank account details.

Many payday lenders use automated systems to process applications quickly. If you meet their criteria, you could receive approval within minutes.

Once approved, the funds can be transferred to your bank account on the same day, often within hours. Some lenders may even offer instant funding, depending on your bank.

Lenders Offering Same-Day Payday Loans:

1. Wonga
2. Sunny
3. QuickQuid
4. MyJar
5. Lending Stream

You can see the similar FAQ at the links: 

• Bank of Ireland lending criteria
• HSBC bank transfer time within the UK
• HSBC graduate loans
• HSBC in America
• HSBC loan early repayment: how to manage

Details of companies offering the financial services:

Cash Compare

Head office’s address: London

Web-site: https://www.cashcompare.co.uk/

Cashfloat

Head office’s address: Office 8. 2A Highfield Avenue London, NW11 9ET

Contact center: 020-3757-1933

Web-site: https://www.cashfloat.co.uk/

Creditstar UK

Head office’s address: 17 Hanover Square, London, W1S 1BN, United Kingdom

Contact center: 020-3695-7544

Web-site: https://old.creditstar.co.uk

Evolution Money

Head office’s address: 9 Portland Street, Manchester

Contact center: 0161-814-9158

Web-site: https://enquiry.clarity-uk.com/

fancyapayday

Head office’s address: 470 Holdenhurst Road, Bournemouth, Dorset

Contact center: +44-330-223-0177

Web-site: https://fancyapayday.co.uk/

Fast Loan UK

Head office’s address: Shire Park, 2 Falcon Gate, Welwyn Garden City AL7 1TW

Web-site: https://www.fastloanuk.co.uk/

Got Capital

Head office’s address: 131 Finsbury Pavement, London

Contact center: +44(0)203 7500096

Web-site: https://gotcapital.co.uk/

Lending Stream

Head office’s address: Lending Stream, PO Box 10756, LEICESTER, LE3 4GX

Web-site: https://www.lendingstream.co.uk

Optimise Finance

Head office’s address: London

Contact center: 0800-0159-295

Web-site: https://optimisefinance.co.uk/

Payday UK

Head office’s address: Payday Loans Limited, The Charter Building, Charter Place

Contact center: 0800-302-9409

Web-site: https://www.paydayuk.co.uk/

Salad Money

Head office’s address: 49 Greek St, London W1D 4EG

Contact center: +44-20-3092-0896

Web-site: https://www.saladmoney.co.uk

Solution Loans

Head office’s address: Hamilton House, 87-89 Bell St, Reigate RH2 7AN

Phone: +44 1737-886-202

Web-site: https://www.solution-loans.co.uk/

Sunny

Head office’s address: London

Web-site: https://sunny.co.uk/

THL Direct

Head office’s address: 470 Holdenhurst Road, Bournemouth, BH8 9AQ

Contact center: 0330-223-0177

Web-site: https://www.thldirect.co.uk/