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Payday loans have been around for years and they aim to help people who would usually be excluded from accessing mainstream credit to manage their cashflow. In order to apply for any kind of credit in the UK, generally you have to undergo a creditworthiness and affordability assessment. Part of the creditworthiness check includes the lender looking at your credit file to assess whether you are likely to repay the loan or not. Unfortunately for some people, having a poor credit history is not necessarily their fault, and it doesn’t mean they shouldn’t have any access to credit when they really need it. For this reason, payday loans can be very helpful.