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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

Low Interest Loans For Uk Residents From Uk Lenders.

Low Interest Loans Guarantor

Low interest rate loans are ideal because of the obvious reason – it is more affordable. Compared to regular loans, this kind of loan is cheaper, thus easier to settle. Most borrowers aim to find a lender who can offer less expensive interest rates and if you’re one of them, the best thing that you can do for now is to understand what they really are.

Basically, a low interest personal loan has different characteristics and these are as follow:

  1. Unsecured

Despite the cheap interest rate it offers, lowinterest loans do not require its borrowers to surrender collateral. This means that there’s no need to provide your car or house’s document just to be qualified.

  1. Works On Trust

Basically, the loan works by “faith”. The loan provider will not ask any security against the loan; rather, it will only rely on your capability to repay the loan. Because of this, you need to provide a proof of income which may come from employment, pension, or benefits.

  1. Good Credit Rating

Apart from the high income, another requirement would be the borrower’s credit report. In order to be qualified, you need to have a good or excellent credit rating. This is one of the lender’s ways of reducing the risk against their business.

  1. Difficult To Obtain

Due to the strict requirements, obtaining low interest loans is quite difficult than the loans with high interest rates. Without an excellent credit rating or the required minimum income, getting approved is nearly impossible. However, you have another option to increase your chance of getting granted.

  1. Guarantor

Providing a guarantor is one way to increase your chance of getting approved. However, the challenge with this option is to find a reliable cosigner who possesses an excellent credit remark and a high income.

How To Get Cheaper Interest Rates

Despite the lender’s ads that their rates are the lowest, it won’t be guaranteed unless you know how to please the loan provider. Here are some tips on how you can score a lower interest loan:

  • Improve Your Credit Score

Without a doubt, improving your credit score is the best way to obtain a loan with a cheaper interest rate. Even banks and other financial institutions may offer attractive deals if your credit score is appealing enough. In the eyes of the lender, you are a low risk because your excellent credit score suggests that you would never default, or missed any payment. The question is – how do you this? How do you increase a bad credit score if you cannot guarantee an approved loan application? Improving your credit score doesn’t rely on getting a new loan alone. Aside from repaying on time, you may settle one or all debts and avoid creating a new line of credit for the meantime.

  • Ask For A Lower Rate

If your credit score is good enough, you may try bargaining with the lender. Ask if they can at least lower the interest rates. It might sound difficult but still, it’s worth a try. After all, you’ll never know the answer unless you ask. You may visit your bank and negotiate the interest rate of your existing loans. No matter how small or big the difference is, it will still help you save money.

  • Refinance Existing Loans

Before doing this, you may want to consider a few things first. Look for a loan that carries a lower interest compared to the rate of your current loan; if there’s a significant difference, you may consider refinancing; if not, you may try looking for a cheaper loan again. Finding a least expensive financial assistance is a wise choice as you can use the remaining money on something more valuable, like repaying all your debt.

  • Get A Secured Loan

A secured loan sounds intimidating to both homeowners and tenants as they are putting their properties at risk. However, getting a secured loan is cheaper than choosing the unsecured type. You may use your home or the title of your car as collateral. You can also secure the loan by yielding any asset such as stocks, jewelry, or gadgets. If your current loan is expensive, you may use secured loan at the lower rate to repay it.

Low-Interest Loans: Why A Bad Credit Borrower Cannot Easily Acquire It?

A credit score is one of the primary requirements when applying for a loan. Because of this, anyone who has a poor credit remark may walk out of a bank’s door with a frown. The loan application is rejected easily despite meeting the other requirements and the lenders cannot be blamed. At some point, these borrowers may have done a financial mistake which left a bad remark to their credit report. Otherwise, inaccurate information may have been entered, thus the only way to remove it is by talking to the credit bureau.

Nevertheless, there are borrowers who are willing to grant this type of borrowers. Whether you have a bad credit rating, a good credit score, or have no credit history at all, the best way to avoid it is by having the right knowledge. You need to know what causes a bad credit score to avoid the pitfalls that may take months, if not years, to fix. Below are some of the reasons why you get a bad credit score:

  1. Late Payments

Whether it’s a credit card or another debt, failing to repay it on time wreaks havoc on your credit report. It doesn’t matter how big or small the amount is, as long as you failed to comply with the loan’s terms and conditions, then you are likely to get a poor credit remark.

  1. Defaults

If a late payment causes a poor credit remark, what more if you decided to stop repaying the loan? Defaulting on the debt is bad enough to get a poor credit score. In addition, you may face a lawsuit against you.

  1. Filing Bankruptcy

We often hear the word “bankruptcy” and although most people do not really understand what it means, it still sounds like a bad thing. In simple terms, a person filing a bankruptcy means that his money is not enough to settle his entire debts anymore. Obviously, this signifies that the borrower is very risky and as a result, his application will be turned down automatically.

  1. Foreclosure

Defaulting on a loan is as bad as a foreclosure; in fact, both create a devastating effect towards the credit report. This shows your inability to keep up with the repayment, thus leaving a bad impression on the lender. To their eyes, you are a high credit risk borrower because probably, you’ve done several financial mistakes such as late and missed payments.

  1. County Court Judgments (CCJs)

CCJ is so bad that it stays on your record for six years. This is long enough to keep you miserable since you’re probably having a hard time creating a new line of credit. Basically, it happens when you fail to repay someone, the lender for instance, and a judgment is issued against you.

How To Fix Bad Credit When Applying For A  Loan?

Repairing a bad credit score is a must especially if you know that you’ll need financial assistance every now and then; however, you need to understand that it cannot be accomplished easily. In fact, it’s as hard as losing weight and it doesn’t happen overnight. Although there are “techniques” on how to improve credit score fast, these strategies often backfire. The best thing that you can do as a borrower is to spend enough time rebuilding it, slowly but surely. Below are simple but powerful tips on how you can fix your credit remark.

  1. Ask For A Copy Of Your Credit Report

If you want to repair your credit score, there’s no need to go further as it all begins with your credit report.  Start by asking for a free copy and use it to check discrepancies.  Like the usual report, it contains all the necessary details to calculate your credit remark and sadly, it’s still subject to inaccuracies. To find out if all the entered details are correct, check all the transactions listed in your account and report discrepancies to the credit bureau immediately.

  1. Create Payment Reminders

What better way to improve a credit score than to repay all the debts. Be sure to take note of the due date to avoid late or missed payments. While you can set payment reminders on your own, you may ask help from your banks or lenders. These financial establishments can send a payment notification through a text message or email. You may also enroll your debit and/or credit card in automatic payments so the lender can automatically debit the cash from your account on its maturity date.

  1. Reduce Your Debts

One of the best ways to fix your credit remark is to settle your debts. Unfortunately, this is easier said than done. But then, reducing your debts can be more satisfying than getting your credit score fixed. It’s like removing some thorns in your chest but how do you do it? You can start by keeping your credit card away from you. Store it in a vault, place it inside your closet, or simply put it away from you. This way, you can avoid using it. Next, use your credit report to find out all your debts/accounts. Go online and find the exact amount (principal rate and interest charge) that you need to settle. Then, come up with a payment plan; be sure that the highest interest debts are dealt with first.

Is It Possible To Get Low interest Loan From A Direct Lender

Direct lenders are preferable because of the several advantages it offers, such as flexible terms and conditions, quick release of decisions, etc. That being said, can you still get a loan despite the bad credit? The answer is – yes! There are many direct lenders who are willing to wait for your requests. These loan providers often claim that they don’t “conduct credit check” but there will be times when they will ask for a copy of your credit report. The good news is – your score will not be used as a basis for their decision; rather, it will be used to find out which loan amount and interest rate fits you.

Low Interest Loans No Guarantor: Requirements

To start applying for a loan, you need to meet their basic requirements. Each lender has their own criteria but generally, it is consist of the age, proof of residency, proof of payment, and a bank account. For the age, you need to be at least 18 years old and above. When it comes to residency, you need to prove the lender that you are a resident or citizen of UK. The proof of payment is important it supports your capability to settle the loan. Meanwhile, the bank account is important because this is where the money is sent once approved.

Lowinterest Loans UK: Low-Interest Loans, Instant Money

Low interest loans are helpful in many ways; first, it won’t force you to find a guarantor so you can borrow the debt with ease. You’re not going to bother anyone in case you can’t keep up with the loan anymore.

From the name itself, its interest rate is not very expensive so you can use the allotted money on somewhere else. For instance, instead of repaying the loan, you may use the cash to save up for your family’s future.

Like other online loans, low-interest loans are acquired in a speedy manner. The requirements are minimal so there’s no need for lengthy verification. The lender’s decision is released immediately and once approved; you can have your money in no time. Sending the money is done via bank transfer. This is one of the quickest and safest ways of receiving money. Meanwhile, you may use the same bank account you’ve provided to settle the loan. How? Simply grant them an access to your bank account so they can withdraw the payment at the right time.


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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.

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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.

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All reviews have been sourced from TrustPilot.com for authentic quotes.