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Which payday loan is
best for people with
bad credit?

Which payday loan is best for people with bad credit?

Strong Service Benefits

Our loans offer people with a bad credit history or no credit at all a chance to get a personal loan. With loan repayments made on time and in full our loans could help people to correct their credit score or create a good score if they have never had credit before.

Easy and Secure Application

Quick approval Process

Contactable by Email

Representative Example:
305.9% APR. £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)

Please note:
Finacerr is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances

Getting Cash Now with Guarantor Loans

Guarantor loans are typically availed by borrowers who have poor credit history. To account for the bad credit ratings, they will need to present the lender with a guarantor who will agree to shoulder the repayments once they decide to default from it. The guarantor will serve as a form of insurance on behalf of the borrower giving the lender that much needed security it needs to grant the loan. If you want to get cash now, you might want to consider opting for a guarantor loan.

Easily Available for People with Bad Credit History

The best thing about a guarantor loan is that it can be availed by people who have poor credit ratings. If you are in dire need of a loan to repay a problematic debt or to finance a potential business but simply can’t find a lender to lend you the money that you need because of your credit history, then having a guarantor to back you up is definitely worth considering. And while such a loan usually goes with %50 APR, relatively higher than a few credit card offers from banks, it is still far lower than that brutal 1000%+ APR that comes along with many quick loans.

Flexible Repayment Terms for Borrowers

Another major advantage with this loan is its flexible repayment terms. Compared to payday loans and the like, it is very well ahead of the curve in terms of flexibility of payment for two reasons: first is you have the option to avail for a short-term loan duration and second is the fact that you have the freedom to choose the kind of contract term that suits your income. You are never forced into an agreement that you simply cannot afford with a guarantor loan. What’s more, you can also choose to spread the payment over 5 years giving you enough time to pay back the loan without putting too much pressure on your financial health.

Guarantor Loan Can Boost Your Credit Rating

A guarantor loan can also be a good opportunity for you to get your credit rating back on the right track. If you are diligent in paying off your dues, in the right time with the right amount, in accordance to the agreed terms and conditions, you could turn a poor or non-existent credit rating into a good one. Just don’t make the mistake of defaulting from your repayments, though, because you are only making your financial situation even worse as the lender will charge you with interest and further damage your credit history in the end.

You Can avail for an Even Bigger Loan

With a guarantor, you might be surprised on how much money you can actually avail for. When you need some serious cash for major expenses such as home improvements and repairs or taking a vacation outside your country, you this loan wont disappoint. By choosing a payment term that you can afford and selecting a guarantor that meets that requirements, you can borrow from £1000 to £7500, depending on the lender, over a term that suits your financial need.

Swift Approval

And aside from offering bigger loans for flexible terms, the approval time is also swift and seamless. Other loans require a lot of time to process but for loans with guarantors its relatively quick and easy. Normally, you will see the amount you borrowed deposited in your account in less than a day after a successful application has been made. If you are in dire need of money ASAP and have already found a guarantor, this kind of loan offers a good solution to your financial woes.
All in all, a guarantor loan can be a solid option for anyone who has a bad credit rating and is in serious need of money to cover pressing expenses. It is imperative, however, for anyone contemplating on opting for this loan, to carefully evaluate his present and future finances first to find out exactly if he has the capacity to make the repayments on the agreed period of time. If, after some deliberate thought and assessment, you have concluded that your income is enough to cover the payments, then there is no reason to shy away from opting for this loan. The interest rates are relatively low, it can be availed for big amounts, comes with flexible repayment schemes, and is quick and easy. If you can source someone close to you who would be more than willing enough to act as your guarantor, then this is a serious choice that you should consider.

See How Our Competitors Compare

Loan amount
£100 - £5,000
Loan term
1 Month - 5 Years
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Loan amount
£50 - £500
Loan term
1 Day - 3 Months
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5 most recent personal loan reviews

Review of Totally Money

Hello, I would like to say how quick, simple and relatively easy to apply for the loan can be. The person who phoned me was very polite and any questions that I needed to ask were answered quickly and easily, they were very knowledgeable and I would recommend them to anyone. I don't think they could be better personally. And the money transfer is really fast and it was all sorted out that day.

Review posted by Stephen Hancock, Leeds

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

Review of Chirpy Loans

My partner needed a loan asap and after he was turned down by his bank for a loan and several other banks, we felt we should give Chirpy loans a try. 15 mins after filling out the application, someone called up and approved the loan within minutes. The girl was super friendly and made sure we would be able to pay the loan back. Its great that they believe in you.

Review posted by Nicola Bird, Oxford

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

Review of My Jar

At a time I needed financial help, My Jar loans took me through everything I needed to know and bent over backwards to get the money requested to me in the shortest time, really good service. Strongly recommend them to anyone.

Review posted by Peter Middleton, Barnstaple

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from TrustPilot.com for authentic quotes.