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.

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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

Here’s How to Get Same Day Loans in the UK

In the not so distant past, individuals hoping to secure loans had to go through tedious processes and uncomfortable situations. From waiting in line for long hours just to submit their loan applications, to the even longer waiting for their applications’ approvals — borrowers often had to endure seemingly endless hours, days, and even weeks of waiting without even a hint of a guarantee that all there waiting had not been for anything.

As the demands for loans and other loan services of traditional lending firms continued to increase, lenders have decided to devise a system where borrowers are easily segregated. Through this system, borrowers who either had no stable source of income or have incomes that the lenders do not deem sufficient were automatically presumed incapable of paying off loans and were assigned poor credit scores. Borrowers who, on the other hand, have continuously failed to pay their recurring dues promptly, or were unable to pay them off completely — whether or not they have done so intentionally — automatically had their records reflect bad payment histories.

As a result, individuals with poor credit scores and bad payment histories were often indefinitely precluded from securing any more loans from any of the lending institutions. Because of this, individuals with bad credit were often left with very few alternatives. They were either left to swallow their pride and attempt to borrow from their friends and families or risk their security by procuring underground loans from lenders operating illegally. And while borrowing through these methods may at times prove to be reasonable, securing loans through underground agreements often come with exceedingly high interest rates which lead to payment increments that borrowers can barely or even hardly afford. As a consequence, borrowers are often left not only in even worse financial crises — but in perpetuated difficult financial conditions.

But with the continuing evolution not just in technology but also in the lending industry — borrowers now have far more affordable, flexible, and much more secure financial alternatives. Through these new loan solutions, borrowers need not endure the normally tedious procedures involved in securing conventional loans from most traditional lending institutions. With just a few simple steps, they have complete access to much more reliable financial services. And because applications can be done entirely online, loan applicants have the liberty to submit their applications using any device, anywhere, at any given time.

Advantages of Getting Same Day Loans in the UK

Because financial needs often vary from one lender to another, many different lending solutions have since been made available by many different lending firms. Due to the increasing demands for different loan services in the relatively newly formed market for borrowers with bad credit, numerous varying financial solutions have now been made available to borrowers in the market. And because these innovative new loan solutions heavily rely on technology, the procedures involved in their applications are far faster and way less complicated. What used to take days or weeks for lenders to complete can now take as little as just mere minutes.

With these new loan solutions, borrowers can expect for the instantaneous processing of their applications, as well as their subsequent approval in as little as just a few minutes. And because the processing of these applications takes far less time than applications for most conventional loans from traditional lending firms, the release of funds for approved loans can be completed within the same day that borrower’s application was submitted. Through these types of loans, borrowers need not worry about having to look for solutions to address their urgent financial conditions, as these innovative new loan services are easily available even to borrowers with poor credit scores and bad payment histories. With these loan services, borrowers can now address unexpected expenses — such as that of urgent home repairs, car repairs, accident-related costs, as well as other similar expenses. And because these innovative new loan solutions are typically small loans that are to be paid over in short-term payment conditions, the payment instalments associated with these loans are often more affordable compared to other financial solutions. Through these affordable loans on short-term payment conditions, borrowers need not worry about having to pay loans over in longer conditions.

How to Get Same Day Loans for Bad Credit

In the past, borrowers who were given poor credit scores and reflected bad payment histories were left with virtually no other alternatives other than those that either make them extremely uncomfortable or left them a whole lot poorer. But with the recent innovations in technology and security — coupled with continuing evolution in the lending industry — borrowers who were previously left to suffer due to their bad credit scores now have access to far better, more affordable, and highly flexible financial alternatives.

While applications for most of the conventional loans being offered by the majority of the standard lending firms often entail waiting in long lines for hours and even longer waiting when it comes to the applications’ approvals — applications for innovative new loan solutions can be completed and approved in just a matter of minutes. With these types of financial services, borrowers now have access to most of the benefits that were only previously available to individuals with good credit scores — minus the inconvenience that procedures for conventional loan applications often entail. Through these innovative new loan solutions, borrowers are given the convenience of being able to submit their loan applications right straight from the comfort of their very own homes. And since these applications can be accomplished entirely online, applicants are allowed the convenience of being able to submit their applications using any device, anywhere — and at any given time. Through these innovative new financial services, borrowers can expect for the completion of the processing of their applications immediately after they were submitted, as well as their subsequent approval, which can be completed in as fast as just mere minutes. And while the release of loan funds for approved conventional loans often takes weeks to complete, the release of the same funds in loans for bad credit can be expected on the very same day that the loan application was submitted.

When to Get Same Day Loans or Instant Loans

Because instant loans can be secured in an instant, they often make the best solutions to the borrowers’ urgent financial situations. With these types of loans, borrowers now have something to count on in times of pressing financial situations — even despite their bad credit conditions. Through instant loans, borrowers need not have to endure the tedious procedures normally associated with procuring loans from traditional lending institutions. Because applications for instant loans are a lot more straightforward and their processing much faster compared to those of the loans normally being offered by standard lending institutions — these types of loans are ideal solutions to unexpected expenses and other financial emergencies.

With instant loans, borrowers can expect for their loan applications to be approved within the same day that their applications were submitted. And because these financial services can be availed of in the littlest time allowable, these loan options make extremely good resolutions not only to urgent financial situations (such as accident-related expenses, car repair, home repair, as well as other simple costs) — but also in relatively small purchases such as that of new gadgets, as well as travel expenses.

But because instant loans are generally small loans that borrowers can pay over short-term conditions, these financial services do not exactly make good resolutions in times of more severe financial situations. Financial conditions that call for more complicated loan services — especially those that involve amounts much higher than what is usually allowed in small loans or short-term financial solutions — are better off being addressed with loan solutions on longer payment term conditions.

Same Day Loans from Direct Lenders: Are They Really Any Better?

These days, many borrowers often believe that procuring loans from direct lenders yield far more savings than securing loans through the assistance of loan brokers. And while it might be true that getting loans from the lenders directly will save them the money that the loan brokers normally require as fees — the amount that the borrowers ultimately save by making intelligent choices in securing loans with the help of brokering firms far outweigh the small amounts that they so eagerly save in fees.

Because loan brokers bank on their extensive network of lenders across different areas in the rendering of their services, they have comprehensive access to many different deals and discounts that are being offered by these lenders across their different financial services. With these connections, loan brokers are able to provide borrowers far more options and access to far more discounts and promotions. So although borrowers may save a small amount by avoiding having to pay the loan brokers’ fees — the amount saved by those who secured their loans with the help of the brokers are by far higher than what they save from procuring loans through direct lenders.

But because of the continuing proliferation of fraudulent lenders and brokers both on the internet and in the real world, borrowers are advised to take extreme caution in securing any type of loans — be they from loan brokers or direct lenders.

When to Get Same Day Loans, and When to Get Guarantor Loans

Due to the fact that a huge majority of the loans being offered by lenders to individuals with poor credit scores and bad payment histories are small loans in relatively small amounts, to be paid over by the borrowers in short-term payment conditions — these types of loans do not make the best solutions in situations that require payments to be spread out in longer terms. In times of needs that require more elaborate loan resolutions in amounts way higher than what small loans are able to allow, borrowers are best off securing loan agreements that allow them to be paid over in much longer payment term conditions.

In these situations, guarantor loans make one of the best resolutions. Through these types of loans, borrowers are able to take advantage of the benefits that only conventional loans of traditional lending firms used to offer. With guarantor loans, borrowers have access to more flexible and more reliable loans at much affordable interest rates.

Guarantor loans are loans that are made available for borrowers to procure with the help of guarantors — who can be anyone apart from the borrower’s spouse, has a good credit standing, and more than willing to repay the borrower’s loan should he or she default on them for any given reason.

But while these loans do offer borrowers numerous advantages, the sheer difficulty of finding individuals with good credit scores who are willing to take on the role of a guarantor often make this loan option simply implausible for many of the borrowers.

How to Get Same Day Loans with No Guarantors

Because procuring guarantor loans isn’t always an option, borrowers often search for financial solutions that they can procure without having to enlist the help of a guarantor. With the latest innovations in the lending industry and technology, borrowers now have access to innovative new loan solutions such as no guarantor loans — which is perfect especially for these situations. Through no guarantor loans, borrowers can now procure affordable, flexible, and much more secure loans without being forced to submit any more additional requirements.

And because applications for these types of loans can be accomplished completely online, borrowers are allowed the convenience of being able to submit their applications anywhere, at any given time. In filling up application forms online, borrowers are strongly advised to make certain that all the information required are provided and are verified correct, and that the basic documentary requirements that they are required to submit are complete and verified authentic. Incomplete application forms and lacking requirements may lead to unnecessary (and sometimes prolonged) delays — and in some cases, even the outright rejection of the borrower’s application.

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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
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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

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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

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