Loans For Bad Credit

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How much would you like to borrow:

How long would you like it for?
3 months
6 months

Your monthly repayments are:

Total amount to be repaid:
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £359.71 in monthly instalments of £74.65, £71.73, £64.05, £58.76, £49.75 and £40.77. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.9% APR

Bad credit loans are a form of unsecured credit. The reason they get called ‘bad credit’ loans is because they offer an accessible way to access payday loans for people with bad credit, i.e. who either have a poor credit history or a very limited or even no credit history.

People with a low credit rating may struggle to take out a loan from high street banks and low interest rate lenders because they can be seen as unreliable — often, a bad credit file indicates a person has missed previous repayments or has taken out credit they haven’t been able to repay. Even if you’re in a much better financial position now, your credit file may haunt you for a while: this can make it difficult to get a loan and therefore frustrating if you know that you can repay it.

You might also be considered to have a bad credit history if you haven’t been using credit for a long time. This is known as a thin credit file — literally because there is not a lot of information for lenders to base their decision. It doesn’t necessarily reflect badly on you, it just means you haven’t been able to prove yet that you are a reliable customer. Using credit facilities like credit cards or even phone contracts, (and obviously making your repayments in full and on time) will improve your credit score making credit easier, and possibly cheaper, to obtain in the future as lenders will be able to see the evidence that you are a responsible borrower — and therefore that they will get their money back.

This is why payday loans for bad credit exist: to offer a product that is otherwise unavailable.

At, our short term loans can offer two alternatives to bad credit payday loans – one that you repay monthly over the course of three months, and one that has only one repayment date. These are also known as multi month loans and payday loans, respectively.

Multi Month Loans

Multi month loans are also known as instalment loans simply because you repay them in instalments. This often means you end up repaying a little bit more than if you repaid your loan earlier on one day as is the case with a payday loan — however, each repayment is smaller than a one lump payment, making it a more manageable way to repay your loan if you can’t afford the full repayment in one go.

Payday Loans

Everyone is familiar with the term payday loan and the good news is: they are exactly what they say on the tin. A payday loan is a loan that you repay on your next payday (or a date that suits you). Payday loans for bad credit employ exactly the same principle.

Improving Your Credit File

While a bad credit history can limit your access to credit in the short term, there are things you can do to improve your credit file. Some of these things include ensuring you are signed up to the electoral register (this also means you can vote in elections!), consistently making your repayments in full and on time, and making sure you repay any outstanding debts before obtaining more credit.

The last one is really important because it can be easy to feel trapped in a spiral of debt if you are constantly borrowing money without seriously considering if you can afford the repayments. Remember that payday loans for bad credit are not a form of income and should not be used as such. Some lenders may even reject your applications if you apply too many times in a short space of time and rejected applications for credit can negatively affect your credit file.

A good way to keep on top of your credit rating and to understand what you need to improve on is to get a free credit score. Some sites will make you pay to find out your credit rating, however there are ways you can do it for free so it’s worth researching around as no one wants to pay for something they didn’t really have to.

What makes a good alternative to payday loans for people with bad credit?

Whether you have a good credit score or not, sometimes things crop up that you just haven’t budgeted for, and they can put you in a really difficult position if it’s an unavoidable expense. Because we are a direct lender and we understand this, we offer access to credit to people with all credit histories, including payday loans for bad credit, so that you can immediately remedy whatever small financial problem has occurred (as long as it’s temporary and you know you can afford your repayments).

You can use our alternatives to bad credit payday loans not only when you are trying to build or rebuild your credit file. Applying for a quick loan from us could be useful if you have recently changed jobs, but your paydays don’t line up. Some companies won’t always pay you on your first payday — especially if you haven’t done a full month of work beforehand. This can cause big issues if you have priority bills like rent and electricity to pay for as you have to go an extra-long period of time without being paid.

Our same day cash loans can help you bridge that gap, so you don’t fall into arrears with your priority payments (which can in turn cause even bigger financial difficulties). Because you know you will get paid next month and, moreover, it should be a bigger paycheque than usual as it will be for more than one month’s work, you know you can afford your loan repayments and your usual priority bills.

If you have a bad credit score, you may be unable to use a credit card or an overdraft for example to cover these other payments while you are in between jobs because you might not get approved for them. Henceforth, the option of payday loans for people with bad credit might be able to save the day!

If you do need extra cash, then why not apply at today and, subject to approval, you could receive your loan into your bank account in just 15 minutes, regardless of bank holidays and weekends!