Bad Credit Loans
Bad credit loans from £300 to £1,000 for people with low credit scores, repayable over 3 to 6 months.

Warning: Late repayment can cause you serious money problems. For help, please go to www.moneyhelper.org.uk
Bad Credit Shouldn’t be a Barrier to Getting a Loan
Having bad credit limits your options, which can be very stressful when you’re trying to borrow money. At Payday Loans online we offer specific loans for people with bad credit. Don’t fall for the brokers who promise you funding, but instead decline your application. Instead get the money you need today from Payday Loans Online.
Avoid These Pitfalls

Avoid Hard Credit Checkers
Avoid brokers that perform tons of hard checks to filter leads.

Avoid “No credit check” promises.
FCA authorized lenders must perform a responsible lending check before they fund.
How to Obtain Your Bad Credit Loan


Fill in the Loan Form
Complete the loan application. We will not ask for your credit information during the process.

No Hard Credit Check
Your credit score will not be impacted by a soft credit check, and only you will be able to see the results.

Fast Cash Payouts
Your money should appear in your bank account within an hour if you are approved.
What You Need To know
People with bad credit scores can safely apply and get approved for affordable credit online. It is essential to understand what items in your credit history negatively impact your score. Some lenders in the UK have developed financial products that weigh affordability over your credit score. But you should always check that the price you pay for borrowing money makes sense in your current situation.
These loans should only be used to pay for an unexpected bill and not to alleviate a long term monetary problem to avoid your debt spiraling out of control and further damaging your credit history. Alternatively, repaying your loans on time can help you to improve your credit score.
Key Points
- We offer high acceptance rates
- We weigh affordability over your credit score
- Get a loan with lower interest rates than most bad credit loans on the market
- Get a flexible monthly payment plan to help you get your finances back on track
Key Requirements
To apply for a loan with us, you must meet the following eligibility criteria:
- Be above 18 years old
- Be a UK resident
- Hold valid UK bank account details
- Have a steady source of income (this may include benefits)
Will I be Accepted for a Bad Credit loan?
We understand that your credit history doesn’t reveal the whole story and believe that everyone deserves an equal chance to credit when they need it. If we see that you can afford the loan repayments and that borrowing money won’t damage your finances, we will happily consider your loan application. We treat all our customers fairly by imposing the same loan rates across the board, regardless of credit rating.
Always use a loan affordability calculator before applying for a loan to check that you have enough disposable income to repay your loan because applying for credit and getting declined can leave unwanted footprints on your credit file.
Bad Credit
Loan Example
Do you know that most people in the UK do not have an excellent credit history? The Credit Reporting Agencies (CRA’s) collect financial data to assess people’s ability to pay. While banks and credit card companies heavily depend on the CRA’s to approve applications, Payday Loans Online weigh affordability over scoring. This means that Payday Loans Online can approve you for a loan regardless of your credit score. However, you must still prove that you can pay off the credit and still have money left over for your daily living expenses. By repaying the loan on time, not only will you be able to cope with short term money problems, but you will also improve your credit score over time. Do don’t allow your credit score to hold you back.
Representative example | |
Loan Amount | £700 |
Loan Period | 6 Mths |
Interest Rate P.A. (fixed) | 185.39% |
1st Monthly Repayment | £168.45 |
4 Monthly Repayments | £224.60 |
Last Monthly Repayment | £112.20 |
Total Repayment | £1,179.05 |
Representative APR | 611.74% |
Bad Credit Loan FAQ’s
Do you perform a credit check when I apply?
Yes. We perform a credit check one every incoming application, even if it’s from a returning customer. This is to check what current credit commitments you have so we can make sure we’re lending responsibly.
Will a bad credit loan affect my credit score?
Borrowing credit can have repercussions on your credit score indirectly, depending on how you repay it. If the loan is paid back on time, it can improve your credit. Likewise, if a loan is paid back late or not at all, it can damage your credit score. It’s important to mention as well that most mortgage lenders may be hesitant to approve you for a mortgage if you’ve borrowed a bad credit loan in the past year.
How much can I borrow if I have poor credit?
If you’re looking for an unsecured loan online and you have bad credit, you should be able to borrow up to £1,000 without any trouble.
Nowadays, people with poor credit can access almost the same amounts as people with good credit, thanks to other factors besides creditworthiness that lenders take into account (like affordability, for example). Although some lenders charge different interest rates for different credit scores.
Are only secured loans available to people with bad credit?
The type of loan you can qualify for is not always determined by your credit score. In general, secured loans such as “homeowner loans” are used for larger amounts and at lower interest rates. If you need a quick solution for a short-term financial shortcut, unsecured loans may be available for you. Several lenders in the UK can offer you these loans regardless of your credit score.
With a low credit score, do I need a guarantor?
An affordable bad credit loan does not require a guarantor. Guarantor loans are a different financial instrument invented by banks to reduce lending risk. There is one crucial thing you need to remember: Guarantor is not a replacement for payment! You still need to ensure you can repay the loan per your contract.
With a poor credit history, can I get a personal loan?
In general, small personal loans are repaid in six or more installments. If you pay back your loan over a longer period of time, you pay less per month. The lower monthly payments make personal loans more affordable for borrowers and easier to approve for lenders. Smaller monthly repayments, especially for people with bad credit, can increase acceptance approval rates.
