Payday loans for bad credit from £100 to £5000

Loans from 3 months to 24 months



Representative 97% APR (fixed)

Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.

We are not a lender but a licensed credit broker in the UK

Are you facing a financial emergency and struggling to get a loan because of poor credit history? Luckily, despite the financial mistakes you might have made in the past, our authorised and regulated UK lenders provide payday loans for bad credit scorers, giving you a quick cash boost when you need it most.

What is a bad credit payday loan?

A payday loan for bad credit is an instant, short-term and unsecured loan designed to provide small amounts of cash for people with low credit scores. Bad credit is a term used to describe a person’s inability to manage borrowings in the past; essentially reflecting the fact they have defaulted on a credit agreement either by missing payments, paying less than they should or receiving county court judgements (CCJ).

If, in the past, you have defaulted on a financial arrangement, such as a personal loan, credit card or utility bill, it is likely that your credit score will be poor. However, even if you have an adverse credit rating and some lenders see you as a risk, there are lenders who will help.

When a financial emergency arises that won’t wait until payday – for example, your boiler has broken, your car needs new tyres, or you have received an unexpected bill - your options may be limited, but there are a number of direct lenders who are willing to offer you a bad credit payday loan.

Get your free, no-obligation quote from a direct lender today and find out how much you could borrow.

Get your loan quote today

Access from £100 to £5000

How does it work?

Have you found yourself in an impossible financial position? You need cash quickly, and while you are in a position to repay a short term loan, most traditional lenders see you as a risk because your credit rating is less than perfect and reflects your mismanagement of previous borrowings. Now, despite having the means to repay a loan, you find yourself in a difficult spot where lenders won’t provide any finance, therefore preventing you from improving your credit score. What’s more, each time you are declined for a loan, your credit rating deteriorates further, making you an even greater risk to future lenders.

The good news is, you’re not entirely out of options. An adverse credit rating might put off banks and building societies, but there is a growing number of FCA authorised and regulated lenders in the UK who are willing to offer affordable loans. These are available to people who, despite having a really bad credit rating, are now in a position to repay small amounts of cash advances within a short timeframe. Typically, borrowers are offered a one-off, emergency transactions in the form of a payday loan for bad credit.

Improving your credit score will enhance your chances of getting a loan. Did you know you can check your credit report and learn how to improve your credit score for free at Credit Karma (formally known as Noddle).

When processing applications, the first thing lenders will carry out is a credit check. If you are declined, this is reflected in your credit score, and the more you are declined, the worse your rating becomes. However, for many lenders, a credit rating fails to provide a completely accurate picture of a person’s ability to repay a loan. Some UK lenders will consider other factors; they will review your financial behaviour and the extent of your credit history. It is worth checking you are registered on the electoral roll, as this data helps lenders confirm your name and address. A lender may also allow you to have a guarantor in place to repay your outstanding loan if you fail to do so.

Get your loan quote today

Access from £100 to £5000

We work with a select group of direct lenders who are more likely to lend to people with poor credit scores, even if they have really bad credit ratings. When you apply online for a payday loan with bad credit, we will present your application to these lenders and whilst we cannot provide a no-credit-check guarantee, you do stand a better chance of being approved, so your credit rating should not be impacted.

For lenders, there is greater risk involved in this type of finance. This is why interest rates are typically higher, so it is important you take the time to carefully consider whether this type of finance is right for you, based on your current situation.

Whilst there are no constraints on how you use the funds, payday loans are designed for emergencies, and you should be sure that you can repay your loan in full and on time, as per the financial agreement.

How much could I borrow?

With a bad credit payday loan, you could get an instant approval for up to £5,000†. You will not require assets, but a guarantor may be required to secure the loan. The amount you can borrow is based on affordability, for example, your current outgoings and the amount of any outstanding debts you have are taken into account.

We only work with lenders who are authorised and regulated by the Financial Conduct Authority (FCA). This means they comply with strict regulatory rules and adhere to responsible lending practices.

What are the advantages?

Applications for bad credit payday loans are easy, short, and you won’t need a guarantor or any assets to secure the finance. Once your application has been approved, you will gain instant access to your funds, as they are usually allocated to your account on the same day. This is because these advances are offered in an emergency, and lenders understand you need a fast cash boost.

  • A short, fast and easy online application
  • An unsecured loan agreement
  • Instant decision and quick transfer of funds
  • The opportunity to improve your credit score
  • A short term repayment term that reduces the cost of borrowing

Whilst receiving the cash you need quickly when you have a poor credit rating is an obvious advantage - up to £5,000† could be in your account on the same day of your online application - being given the opportunity to improve your credit score is highly beneficial.

Primarily, if you can pay back your loan within the repayment terms, you will demonstrate your ability to manage your finances effectively, and this could be reflected in your credit rating, making you less of a risk to lenders and enabling you to access further credit in the future.

Rather than having to pay the loan over a longer repayment term, you are required to settle the debt within a short but flexible time frame. Lenders will offer small amounts of finance, which keeps down the cost of borrowing.

Why use us? ThisLender Logo
How much can I borrow? £100 - £5,000
What are the repayment terms? 3 to 24 months
How long does it take to receive money? 10 minutes²
Do you charge a fee? No fees

Get your loan quote today

Access from £100 to £5000

What are the disadvantages?

The fees and interest rates on bad credit payday loans are typically higher than other forms of lending. Whilst price caps are now in place to protect consumers, this type of lending is still considered to be an expensive form of finance. However, we will work hard to get the best possible deal for you from one of our direct lenders when you apply for your payday loan.

As a payday loan agreement, the terms of the arrangement are short, so you must ensure you are in a position to settle any outstanding debt within the agreed time period.

  • Higher than average interest rates and fees
  • Only small amounts of cash available
  • Must be repaid within a short timeframe

How to get a payday loan with bad credit?

To qualify for a payday loan with bad credit, you must be 18 years old, a UK citizen and have a stable income. These loans are usually offered to people with a poor credit score; if your credit rating is good, we recommend you take a look at less expensive loan options.

  • Be over the age of 18
  • Be a permanent resident in the United Kingdom
  • You must be employed with a regular income

How can the loan be used?

Whilst there aren’t any restrictions on how you use the cash, the funds are typically provided to cover a genuine emergency. It is not advisable to apply for this type of finance unless you absolutely need to do so, as any failure to meet the terms of the arrangement could damage your credit rating further.

What are the alternatives?

If you do not qualify for a bad credit loan, a number of alternatives exist that may better suit your situation. These include guarantor loans and peer-to-peer loans.

Guarantor Loan

A guarantor loan is a form of unsecured finance that requires a third-party individual to meet any repayments should the borrower fail to do so. Often, people with poor credit scores will access guarantor loans. The borrower is not required to offer any additional assets as security against the loan, as the guarantor agrees to repay any outstanding debt on your behalf if you are unable to meet the terms of the arrangement.

Peer-to-Peer Loan

Peer-to-peer lending, also known as peer to peer (P2P) lending, offers another accessible way to access finance. Rather than banks, building societies or other financial institutions, individuals and groups of investors are responsible for lending the money. This often means the terms of the loan are more flexible. Whilst the lender gets the funding they need, investors receive a return on the amount borrowed.

Where do I go for help if I’m in financial difficulty?

If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from The Money Advice Service, National Debtline or debt charity StepChange.

Get your free loan quote today

Access from £100 to £5000

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Representative 97% APR (fixed)

Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.

We are not a lender but a licensed credit broker in the UK

Types of Loans & Credit