Has the concept of payday loans for people with bad credit in the UK ever crossed your mind? Reevaluating your financial situation is probably warranted if the idea of month-end creeping up on you and your spending plan makes you cringe. Payday loans for poor credit in the UK can range from £100 to £5000, which is more than enough to fill in the gaps that most people’s budgets occasionally experience. Loan-Finder can assist you in obtaining these loans.
The Ultimate Guide to Bad Credit Payday Loans in the UK
In This Article
You can be sure that the internet has all the information you need if you’re unsure of where to look for the best payday loans in the UK with bad credit or if you’ve never applied for one before! We’ve taken the time to examine five of the top UK companies that only offer online payday loans for people with bad credit. This implies that you don’t need to leave your house or place of business to apply for payday loans for bad credit in the UK. Any of the five loan-finder websites listed below will have what you need, regardless of whether you’re looking for small payday loans bad credit UK, payday loans UK direct lender bad credit, real bad credit payday loans UK, or instant payday loans bad credit UK alternatives.
Comprehensive Analysis of Payday Loans for Bad Credit UK Direct Lenders in 2024
Loan Skipper
Consensus-Beating Payday Loans for Bad Credit in the United Kingdom, Streamlined Application Process, and Reputable Direct Lender Access
Quick Ratings:
- Decision Speed: 8/10
- Loan Amount Offering: 9/10
- Variety of Products: 8/10
- Acceptance Rate: 9/10
- Customer Support: 8/10
Loan Skipper only collaborates with trustworthy companies that offer bad credit payday loans in the UK. It will only take a few minutes to apply for a loan up to £2000 with a two- to six-month repayment period and annual percentage rates ranging from 45.3% to 1575%. These loans are ideal for covering unforeseen costs and emergencies, as well as the gap between paychecks.
Highlights of Loan Skipper’s Payday Loans for Bad Credit in the UK
- Borrow up to £2000.
- Short terms
- Quick application
- Reputable lenders
- Great for emergency cash
Eligibility Requirements to Apply for Payday Loans in the in the UK Bad Credit at Loan Skipper
- 18+
- British citizen/resident
- Local bank account
- Steady income
Fees and Interest Rates on Payday Loans UK Bad Credit with Streamlined Application and Access to Reputable Direct Lenders
- APR: from 45.3% to 1575%
- Fees on loan extensions
- Penalties sometimes apply to late or missed payments.
Instead of being a direct lender, Loan Skipper is a credit broker.
An illustrative example would be £1200 spread over 18 months at £90.46 a month. The total amount owed is £1628.28. £428.28 is the interest. Interest rate (variable): 49.9% p.a. Representative APR of 49.9% (variable). Rates range from 45.3% APR to a maximum of 1575% APR; the exact amount you pay will depend on your unique situation. Credit checks and status requirements apply to loans. The loan must be repaid within 90 days, or three months, of the date it was issued. There is a 24-month maximum repayment period.
Caution: Missing payments can lead to severe financial difficulties. Every loan is contingent upon approval and requirements from the lender.
Speedy Lends
The Best Bad Credit Payday Loans in the UK with Flexible Repayments Up to 24 Months
Quick Ratings:
- Decision Speed: 8/10
- Loan Amount Offering: 9/10
- Variety of Products: 8/10
- Acceptance Rate: 9/10
- Customer Support: 8/10
Speedy Lends can put you in touch with bad credit payday loan providers in the UK if you need a cash loan but have a low credit score. The fact that the lenders offered by Speedy Lends provide flexible repayment options—most often up to 24 months—is even better news. Payday loans in the UK for bad credit are available in amounts ranging from £100 to £5,000.
The Best Features of UK Payday Loans for Bad Credit with Flexible Repayment Terms Up to Two Years
- Repayments up to 2 years
- Low credit offers available
- Borrow up to £5000
- Quick online applications
- Connect with direct lenders
Eligibility Requirements to Apply for Bad Credit Payday Loans UK with Flexible Repayments up to 24 Months
- 18+ to qualify
- Show steady income
- Have a UK bank account
- Present proof of income and a valid ID.
Fees and Interest Rates Charged on Bad Credit Payday Loans in the in the UK
- APRs are lender-dependent, between 45.3% and 1575%.
- Extending the loan will incur additional interest.
- Fees may apply if you pay late.
Speedy Lends operates as a credit broker rather than a direct lender.
An illustrative example would be £1200 spread over 18 months at £90.46 a month. The total amount owed is £1628.28. £428.28 is the interest. Interest rate (variable): 49.9% pa. APR of 49.9% is exemplary (variable). Rates range from 45.3% APR to a maximum of 1575% APR; the exact amount you pay will depend on your unique situation. Credit checks and status requirements apply to loans. The loan must be repaid within 90 days, or three months, of the date it was issued. There is a 24-month maximum repayment period.
Caution: Missing payments can lead to severe financial difficulties. Every loan is contingent upon approval and requirements from the lender.
Loan Mr
Top Payday Loans for Self-Employed, Independent Contractors, and Freelancers with Bad Credit in the UK
Quick Ratings:
- Decision Speed: 8/10
- Loan Amount Offering: 8/10
- Variety of Products: 8/10
- Acceptance Rate: 8/10
- Customer Support: 7/10
Loan Mr. is a good option for people who prefer to make their money in other ways rather than through traditional employment. This implies that people who work for themselves, as independent contractors, or as freelancers and make a consistent living will not face any discrimination when applying for payday loans for bad credit in the UK. There will be credit checks, and loans ranging from £100 to £5000 have terms of three to twenty-four months.
The Best Features of Loan Mr. Payday Loans for Unemployed, Independent Contractors, and Freelancers with Poor Credit in the UK
- No payslip required
- Non-discriminatory lending
- Self-employed and freelancers welcome.
- Flexible loan amounts
- Terms up to 24 months
Eligibility Requirements for Self-Employed, Individual Contractors, and Freelancers to Apply for Payday Loans for Bad Credit UK
- Proof of earnings
- Valid ID
- 18+
- Prove the right to live or work in the UK.
Fees and Interest Rates to Pay on Payday Loans for Bad Credit UK
- 45.3%–1575% APR
- Penalties if you pay late
- Extending the loan incurs additional fees.
Loan Mr. operates as a credit broker rather than a direct lender.
An illustrative example would be £1200 spread over 18 months at £90.46 a month. The total amount owed is £1628.28. £428.28 is the interest. Interest rate (variable): 49.9% pa. APR of 49.9% is exemplary (variable). Rates range from 45.3% APR to a maximum of 1575% APR; the exact amount you pay will depend on your unique situation. Credit checks and status requirements apply to loans. The loan must be repaid within 90 days, or three months, of the date it was issued. There is a 24-month maximum repayment period.
Caution: Missing payments can lead to severe financial difficulties. Every loan is contingent upon approval and requirements from the lender.
Swish Loans
The Best Payday Loan Bad Credit Direct Lender in the UK with Flexible Options Up to £5000
Quick Ratings:
- Decision Speed: 9/10
- Loan Amount Offering: 8/10
- Variety of Products: 8/10
- Acceptance Rate: 7/10
- Customer Support: 8/10
For individuals looking for payday loans with bad credit from a from a direct lender in the in the UK, Swish Loans offers a quick loan application process. With so many options, there is a loan type between £100 and £5000 for everyone. Just as flexible are the repayment terms, which let borrowers spread out their loan payments over three to twenty-four months, depending on the loan amount. The APR range for the majority of the panel lenders is 45.3% to 1575%.
Features of Flexible Payday Loans for Bad Credit Direct Lenders in the UK with Up to £5000 in Available Options
- Loans up to £5000
- Direct lenders
- No cost to connect you with a lender
- Simple eligibility requirements
- Reasonable loan options
Eligibility Requirements for Applying for Payday Loans Bad Credit Direct Lender UK with Flexible Options Up to £5000
- 18+ with steady income
- Valid ID
- UK bank account
- Have supporting documents ready.
Fees and Interest to Pay on Payday Loans Bad Credit Direct Lender UK
- Loan extensions cost extra.
- Missed or late payments incur costs.
- APR ranges from 45.3% to 1575%.
Swish Loans is not a direct lender but rather a credit broker.
An illustrative example would be £1200 spread over 18 months at £90.46 a month. The total amount owed is £1628.28. £428.28 is the interest. Interest rate (variable): 49.9% pa. APR of 49.9% is exemplary (variable). Rates range from 45.3% APR to a maximum of 1575% APR; the exact amount you pay will depend on your unique situation. Credit checks and status requirements apply to loans. The loan must be repaid within 90 days, or three months, of the date it was issued. There is a 24-month maximum repayment period.
Caution: Missing payments can lead to severe financial difficulties. Every loan is contingent upon approval and requirements from the lender.
Mr. Payday
The Best Unsecured Payday Loans for Borrowers in Need of Quick Cash with Fast Processing in the UK
Quick Ratings:
- Decision Speed: 8/10
- Loan Amount Offering: 8/10
- Variety of Products: 8/10
- Acceptance Rate: 8/10
- Customer Support: 7/10
The worry of having to wait for your next paycheck to buy things is removed with Mr. Payday. The website links applicants with lenders who provide unsecured payday loans for people with bad credit in the UK. Mr. Payday’s online application is incredibly quick and simple, which makes it impressive. Minutes are used to provide feedback, and while it’s not always possible, loans are disbursed within 15 minutes. For borrowers in a hurry, this makes Mr. Payday Loans’ offers, which range from £100 to £5000 and have a payment term of one to twenty-four months, an appealing choice.
Highlights of Applying with Mr. Payday for Unsecured Payday Loans with Bad Credit in the UK
- No collateral is required.
- Bad credit borrowers are allowed
- Speedy application
- Money paid out fast
- Get up to £5000
Eligibility Requirements to Apply for Unsecured Payday Loans Bad Credit UK with Quick Turnaround for Borrowers in a Hurry
- UK citizen/resident
- Valid ID and proof of income
- Steady income
- 18+
Fees and Interest to Pay on Unsecured Payday Loans Bad Credit UK
- Loan extensions cost extra.
- APRs range from 45.3% to 1575%.
- Late or missed payment penalties
Mr. Payday is not a direct lender; rather, he is a credit broker.
An illustrative example would be £1200 spread over 18 months at £90.46 a month. The total amount owed is £1628.28. £428.28 is the interest. Interest rate (variable): 49.9% pa. APR of 49.9% is exemplary (variable). Rates range from 45.3% APR to a maximum of 1575% APR; the exact amount you pay will depend on your unique situation. Credit checks and status requirements apply to loans. The loan must be repaid within 90 days, or three months, of the date it was issued. There is a 24-month maximum repayment period.
Caution: Missing payments can lead to severe financial difficulties. Every loan is contingent upon approval and requirements from the lender.
How Did We Select The Top Payday Loans UK Bad Credit Providers?
We created our list by looking for companies that provide:
- Easy-to-use web applications
- Bad credit borrowers have options thanks to non-discriminatory lending.
- Adjustable loan amounts and conditions
- Conventional interest rates within the industry
- Reputable lenders situated in the United Kingdom
How to Apply for Small Payday Loans Bad Credit UK in 4 Quick Steps
To apply for short-term loans with bad credit, go through these four steps on the Loan Skipper website:
Step 1: Select the Necessary Small Payday Loans Bad Credit UK Amount
Pick between £100 and £2000, with a payment term of two to six months.
Step 2: Go to and fill out the UK Application Form for Payday Loans for Very Bad Credit.
After entering your personal information, submit the form.
Step 3: Get Quick Responses on UK Payday Loan Applications for Extremely Bad Credit
Await a few minutes for a response regarding your application for a UK payday loan with extremely poor credit.
Step 4: Get Your Payout on Instant Payday Loans That Have Approved Alternatives for Bad Credit in the UK
Loans that are approved get disbursed quickly.
FAQ’s
Are payday loans in the UK instant for bad credit?
Unfortunately, an “instant” loan does not exist. Credit checks and information verification are required by lenders, and these processes take time.
How do Quick Payday Loans for Bad Credit operate in the UK?
For those with poor credit, a credit check will still be required. The lender will also compare your monthly expenses and current earnings. Your poor credit score won’t stop the loan from being approved if you can afford it.
Can a person with poor credit apply for a payday loan in the UK?
It’s possible, indeed. Because the lender is taking on more risk, you should anticipate paying a higher interest rate than usual.
How Can I Apply for UK Payday Loans with Very Bad Credit?
In spite of your poor credit, you can still obtain payday loans by using guarantor, secured, or pawnshop loans. Additionally, you can locate unsecured payday loans online by using a loan finder.
Is a credit check required? Are payday loans available in the UK for those with extremely bad credit?
Yes, a credit check will be conducted even if you disclose up front that you have a low credit score. It is legally required of lenders to check each applicant’s credit.
What is the maximum I can borrow when applying for Bad Credit Small Payday Loans UK?
Lenders typically give up to £5000, though some only give slightly less (about £2000).
What Is the UK Interest Rate for Payday Loans for Small Credit?
Small bad credit payday loans in the in the UK typically have an annual percentage rate (APR) of 45.3% to 1575%, though each lender has a different set rate.
In conclusion
Finding a payday loan provider in the UK with bad credit that is reliable, accredited, and complies with FCA rules is crucial. You’ll know you’re working with trustworthy companies when you use any of the loan finders we’ve reviewed. Visit the Loan Skipper website to experience the convenience of a fast and simple application.