Loans with poor credit history

Loans with bad credit history

Quick Introduction to PaydayUK

Payday loans are a relatively new option to money problems for people with a poor credit history in the UK. PaydayUK accepts applications from people with a good or bad credit history – it doesn’t matter as more important is your current financial status and not any difficult situations you may have been in in the past. Your ability to repay the loan is much more important and so you will need to demonstrate that you have a regular income or salary. When you apply online it takes little more than 2 or 3 minutes to tell us who you are and how much money you need to borrow. We do not ask what you need the money for( we respect your privacy) and your application is digitally checked so we can give you an approval decision in seconds and cash in your account in less than an hour in most cases.

What are Payday Loans?

They are small same day cash loans, which can be deposited into your account on the same day you apply. They are very useful with financial emergencies, giving you the credit you need when you need it most – which you then repay on your payday. While the average loan we provide is about £200, you can borrow anything between £80 and £1,250, but remember that the less you borrow, the easier it will be for you to repay. Part of our responsible lending policy is that we will only lend to people who will be able to repay on their next payday without any further issues, so if your money problems are long term, we advise not to apply for a payday loan, but seek some debt assistance eleswhere. Our lending process is completely online, which for most people means you won’t have to bother emailing or faxing any documents to us, however we sometimes need emailed and faxed documents, when we need to verify your identity.

Payday Loans & Your Credit History

Don’t get hung up about your poor credit history – if you can show us you are employed and have a regular income, then your chances are good that your application will be successful. Remember that we want to lend you money but as a responsible company we need to be sure that you will be able to repay any loan on your next paydate and not get further into debt. A credit check may be performed on some applications.

Why Do People Need Payday Loans?

Sometimes money gets a little tight with extra unforseen expenses.
Some common reasons customers use them are:

  • They need a quick, no questions asked fix to a financial emergency
  • They need money fast to cover an unexpected bill payment
  • They don’t want the stress of asking friends or family to help out
  • They need to buy a birthday or wedding gift
  • Payday loans are cheaper than going over their overdraft limit

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