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

What to Avoid in Finding a Quick Online UK Loan

Today, finding a quick online UK loan can be as fast and easy as several clicks of a mouse. But with the internet teaming with notorious predatory lenders advertising websites designed to exploit desperate and vulnerable borrowers, everyone needs to be cautious. If you want to be protected from illegal lenders online, then you need to arm yourself with the right knowledge and this article will provide you with just that.

Identifying Unauthorized Lenders and Why You need to Avoid Them

What are unauthorized lenders and how can you identify them? How do you know that you are dealing with a legit lender and not a total scam? Identifying a lender’s authenticity is easy. If it does not have or does not show any proof of authorization coming from the FCA (Financial Conduct Authority) then it is automatically considered as an unauthorised lender.
Any company, institution, or individual acting and operating as a lender without the legal and correct authorization is an illegal lender. If you or someone you know has bad experience from such a lender, you ought to know that your loss is covered by the Financial Ombudsman Service or Financial Services Compensation Scheme.

Make A Background Check Yourself

Anyone who is in dire need of money is a potential target for illegal lenders. People who are in emergency situations and in need of serious cash right away are simply vulnerable to their tactics that include cold calls and spam emails that demand illegal repayments. Others even request upfront payments in their application fees. So you won’t fall prey to such a scam, check out the Financial Conduct Authority’s list of authorised companies, persons, or products in its Financial Services Register so you will know whether or not you are dealing with the right lender online.

How Can I find out more about a Lender?

If you want to know more about a specific lender, there are various ways for you to go about it. A good place for you to start your search is the Financial Ombudsman Service which provides data on different companies that have received numerous complaints from its clients. The internet is also thriving with Review Sites that offer unbiased evaluations on different online lenders. Just make sure that these sites are not made by the online lenders themselves as a way to boost their reputation. Try to check out the review sites nature; if it is made by professional consumer groups and social communities, then it is a good bet that such a review site is unbiased and consumer centred.

When You get Declined For a Loan

Being declined for a loan is an unpleasant experience and there are various reasons why it happens. The good news is not all lenders utilize the same criteria when evaluating loan applicants so if you do get rejected by a lender it is not something that you should be discouraged with right away. There is a big chance that you will get approved by another lender who uses a different criteria in assessing their clients.
Taking on multiple loan applications is something that you might want to avoid, however, as most online lenders today usually conduct credit searches and background checks with a credit reference agency when it comes to evaluating loan applicants. Multiple credit applications can deal a negative effect on your credit score, greatly affecting your ability to avail for a loan in the future.

Understanding Your Credit Profile Is Important

If you have the misfortune of experiencing a credit refusal from a lender, this is a good time for you to take a better look and understanding of your credit profile since this might be the main reason why you have been declined on the first place. While making credit score checks will incur some charges – checking your first credit report and score, however, is generally free – it is something that you might want to consider doing if you want to have a clear picture of what your credit profile looks like from time to time.
Experian, Equifax and Callcredit, to name a few, are some of the credit reference agencies that lenders normally go to when it comes to evaluating applications. You can also visit sites that offer free advice on credit and ratings so you will have a better understanding on how lenders think and decide on granting credits to borrowers. Some of them also offer help to borrowers on the best decisions they can make once they get rejected from their loan applications.
Always remember to make some thorough checks on a possible online lender first before you make a credit application. If it is not authorized by the FCA and if it is receiving tons of complaints and negative reviews from clients, then it might just be best to stay away from such a lender.

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.