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

Which Payday Loan is

best for people with

Bad Credit?

We at FinanceJar will find the plan to best suit your needs!

We Cater For All credit histories

Payday Loans

Personal Loans

The best unsecured loans on the market.

Payday Loans

Payday Loans

Short term loans at their finest and easiest.

Payday Loans

Logbook Loans

Great when you want to change your vehicle.

Payday Loans

Guarantor Loans

A helping hand is always appreciated.

Getting Loans With Bad Credit Payday Loans Direct Lenders

Having a bad credit makes things a little more difficult especially when you are aiming to stretch your cash through loans. Banks and traditional lending facilities will likely decline your application since credit scores are one of the critical requirements. However, most Bad Credit Payday Loans Direct Lenders nowadays boast about lending money even to those who have unfavourable credit remarks.

But the question is, what do the direct lenders mean exactly? Does it mean that anyone can easily apply for a loan without any restrictions? Does it mean that direct lenders can lend money without performing a credit check? Truth is, it isn’t. All lenders only lend money to those who are capable of repaying.

What do the Lenders Really Mean?

Introduction To Credit Scores – Prior to defining what a bad credit score is, let us first talk about credit scores.
A credit score, or also known as “credit rating,” is a financial parameter that indicates the amount a person can be trusted in regards to financial matters. To be considered as an individual with “high credit rating,” you need to be someone who can responsibly fulfil your financial responsibilities. On the other hand, an individual with “poor credit rating” is someone who fails to commit to his financial obligations. This is the reason why banks and traditional lending companies reject those who have poor credit remarks since they find it risky to trust the person in terms of his economic aspect. Thus Bad Credit Payday Loans Direct Lenders enter the market.

As the person reaches an appropriate age, perhaps on his 18th or 21 years, he starts to venture his economic life. Since there are no details found in the local public database about him, the financial institutions will have no basis on the person, therefore, they will use their belief and trust only. For instance, a bank allows the person to open a bank account however, he will not be offered a credit card immediately. In cases where he is given a credit card, the bank will provide a small limit to it. This is the bank’s way to see how the person will fulfil his financial obligations.

Where To Find Bad Credit Payday Loans Direct Lenders

In case you failed to acquire high credit remarks, there will still be a chance for you to borrow money. The Bad Credit Payday Loans Direct Lenders can lend a fund without checking the credit history. However, since the lender needs to protect the company and the fund provided, it will require the borrower to write a paycheck.

Since this is a payday loan, the borrower needs to write the amount borrowed plus the interest rate on his check which will allow the lender to have it encashed on the agreed period, basically on the next payday.

Payday loans are one of the best choices when there are emergencies or urgent matters since it will only take 3 days or less for the funds to get transferred. There are even Bad Credit Payday Loans Direct Lenders who send the funds on the same day as the application.

While payday loans come in very convenient, it’s important to know more about this short-term loan to avoid falling to a financial burden. So it is worth doing a little research on Bad Credit Payday Loans Direct Lenders before signing a contract.

See How We Compare to Some of Our Competitors

Loan amount
£100 - £5,000
Loan term
3 - 36 Months
CUSTOMERSCORES
Very fast decisions every time
Apply Now

Show More ▼

Loan amount
£100 - £1,250
Loan term
3 - 12 Months
CUSTOMERSCORES
New and upcoming lender that will go far.
Apply Now

Show More ▼

5 most recent personal loan reviews

Review of Danske Bank

Responsible, Trustworthy and Thorough Boy are they everything I've mentioned in the title. These people have a very thorough process of money lending and repayment from the start to throughout the process on repayment. I'm a guarantor and I'm always told if there are any problems with the repayment. If not, I don't hear from them. They are very professional in the approach of lending money. They will advice a budget plan is completed so you know exactly how much needs repaid. Staff are very friendly and helpful. Things are pretty straight forward with Danske.

Review posted by Justin Browne, Burnley

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

Review of Albemarle Bond

Applying for a loan from Albemarle; the process was very easy, filling a form out online and then phoning Albemarle. A very nice young lady took the call and dealt with the application in a quick and efficient manner, after supplying the relevant information, and having it checked the loan was approved and the money was in the bank within a couple of hours. All in all an excellent company, the staff were very helpful polite and very efficient.

Review posted by Barbara Valkeith, London

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

Review of 3 Month Payday Loans U

Amazingly quick, just 24 hours. They check to make sure you can really afford the repayments. My guarantor wasn't a home owner just had a good credit history. Very pleased with every aspect of the service they have provided. Would definitely recommend to anyone.

Review posted by Tracy Egerton, Rushden

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
For authentic reviews that are entirely unbiased we have sourced all of our above reviews from Trust Pilot.

Representative 305.9% APR.
Representative example: £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)

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

FinanceJar is a credit broker and not a lender. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.