Bad Credit Payday Loans
Apply for your bad credit payday loan today. Get an instant decision with no fees and no credit checks.^
Representative 49.7% APR. Warning: Late repayment can cause serious money problems. For help, please visit the Moneyhelper website.
We are an authorised credit broker and not a lender.
Representative 49.7% APR
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
Bad Credit Payday Loans from Lendability
If you have bad credit and you are in need of a loan, you may be considering a bad credit payday loan.
These loans are designed for people with bad credit, and they can be a great way to get the money you need when you need it. Here is everything you need to know about bad credit payday loans.
What Are Bad Credit Payday Loans?
Bad credit payday loans are loans that are specifically designed for people with bad credit. These loans are a great option for people who need money quickly and don’t want to go through the hassle of getting a loan from a bank.
How Do Bad Credit Payday Loans Work?
Bad credit payday loans work just like regular payday loans. You borrow a certain amount of money and then you have to pay it back plus interest and fees. The only difference is that bad credit payday loans are designed for people with bad credit.
Can I Get a Bad Credit Payday Loan?
Yes, you can get a bad credit payday loan as long as you meet the requirements. The lenders we work with are specialists in bad credit and will consider applications from everyone.
How Much Can I Borrow?
The amount you can borrow with a bad credit payday loan will depend on the lender you apply with. However, most lenders will offer loans of up to £1,000.
Ultimately bad credit payday loans are available but will always be subject to credit and affordability checks. Bad credit payday loans will usually carry a larger interest rate and APR meaning the loan will cost more than a normal loan, so you must ensure you only apply for a loan if you have no other choice and you are sure that borrowing will not make your current situation worse.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
Bad Credit Payday Loans
Do I really have a chance of getting a loan with bad credit?
Yes you do, but it does depend on how bad your credit is. Lenders don’t want to lend to people that won’t pay the money back, so if you have multiple recent defaults it may be harder. Applying with Lendability however means you can get a decision without affecting your credit score.
Why are bad credit payday loans so expensive?
Bad credit payday loans are typically more expensive than traditional loans because the lender is taking on more risk lending to people with poor credit.
Will getting a bad credit payday loan make my credit worse?
Only if you fail to repay the loan. If you make your payments on time then it could actually help you rebuild your credit score.
Can I get a bad credit payday loan today?
Yes, many of our lenders pay out on the same day. Make an application online now with Lendability and let us find you a suitable lender.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.