Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

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

Get Quick Loan Online: 5 Helpful Tips and Advice

It doesn’t take much to get a quick loan online. All you need to do is fill up an application online, for about 5 minutes without any paperwork and time consuming interviews and you can now be evaluated for a loan. And whether you get approved or not, it doesn’t take long to get a response either. When your application does get approved the money that you borrowed for will instantly be deposited to your bank account. It’s that fast and easy!

1.) You can Pay your Loan in Advance

Your thinking of paying your instalments earlier than what you have agreed for with your lender, would this be possible? The answer is Yes, for short-term loans. You can make repayments in advance as per Consumer Credit (Early Settlement) Regulations of 2004. Lenders have the power to charge interest up to 58 days on early settlements but most of them will only charge borrowers with interest with the period borrowed. Before applying for, it would be best that you checkout the lender’s Early Settlement Policy first so you will know what you’re in for if you decide to pay in advance.

2.) Never Miss Your Payments

It is imperative that you make every repayment on time to avoid incurring penalties but sometimes life just happens and there are instances wherein we are just completely helpless with our finances. So you will know the possible consequences you will have to face once you miss a repayment, it is worth learning the lender’s terms and conditions for such an event.
You also might want to learn when the lender will try to retrieve payment again once you default from the agreed period of repayment. Normally, though, the penalties for late repayments are relatively high and it is important that you do everything in your power to prevent this from happening.

3.) Know the Corresponding Methods of Repayment

Short term loans commonly employ what is called the Continuous Payment Authority (CPA) which allows lenders to automatically collect repayments from their clients by taking them directly from their bank accounts, mostly via debit card. Lenders can also make automatic repayment collections through direct debit arrangements. The most important thing to remember is that you have a clear understanding on the method of your repayments, all the specific dates and amounts, before you agree to take on a loan.

4.) Regulations for Short Term Loans Online

If you believe that opting for a quick, short term loan online, is the ideal solution to your current financial situation, then you might want to know some of the leading authorities responsible for regulating this type of credit. This way, you will have valuable knowledge on how to protect your rights as a borrower.
The Financial Conduct Authority – If you want to know the legal and proper standards involved on these type of loans then the FCA or Financial Conduct Authority is the name that you will want to seek out. This leading authority in the regulation of the consumer credit industry, promotes the common welfare and protection of borrowers.
Alternate Dispute Resolution – If you have filed a complaint against a lender but has yet come to a resolution that meets your satisfaction, you can seek the aid of an Independent Resolution Service known as ADR or Alternative Dispute Resolution). All information about the service can be accessed in the Financial Ombudsman Service (FOS).
The Good Practice Customer Charter – If you have applied for a loan from a lender who belongs to the four main credit trade associations, then this is the right place for you. This costumer charter governs and guides all parties involved and aims on providing even more rights and leverage to consumers than what is currently being given by the law. All the information that you need about the Good Practice Costumer Charter can be found at the Consumer Credit Trade Association (CCTA).

5.) Advice and Help on Debt is Available for You

Finally, always remember that when you are facing financial struggles in your life, there are a few non-profit and government-based services readily available to offer you free advice and support. From ushering you towards effective means of consolidating your debt, to helping you in coming up with a viable plan to manage your money much more efficiently, these groups will help and guide you to the best financial solutions to your current problems.

See How Our Competitors Compare

Loan amount
£100 - £5,000
Loan term
1 Month - 5 Years
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£50 - £500
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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.