Bad Credit Payday Loans

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You would like to borrow £100 over 6 months

The table below has been updated, with the cheapest lending option at the top.  Please use the Visit Site buttons to apply, or re-enter loan information for another comparison.
Please note only two lenders offer more than £1000. If you want a much larger choice, please lower the amount to £1000.

Warning: Late repayment can cause you serious money problems. For help, go to

Readies is rated 4.8 stars by based on 15 reviews

Real reviews from our customers with bad credit

I was being declined everywhere else because of my bad credit. Thanks Readies, you managed to get me a £500 loan within an hour. Perfect!


Despite having some repayment issues with Wonga twice this year, you still managed to get me a loan. Thank you very much.


Readies managed to help me get a loan for £300 when all my benefits payments were stopped. I would highly recommend them.


Things have been tough since my redundancy... I was so happy that you could get me a loan of £800 to take the kids on holiday.


Your Complete Guide to Bad Credit Payday Loans

We all face financial problems from time to time.

Sometimes, it's career problem that leaves us struggling to make ends meet for a few months. Other times, it's an emergency, like a broken boiler or a car issue that we need to fix straight away. Unfortunately, unless you have an exceptional history with money, it can be difficult to get the support you need quickly when you need it most.

The fastest, most cost-efficient loans are generally reserved for people who have never had a problem with their balance in the past. That means that if you've ever gone into your overdraft in your bank account, struggled to pay your rent on time or even went over the top with your credit card spending; then you might not be eligible for the bad credit payday loans you need.

The good news is that you're not out of options. Even if you've been rejected by other lenders in the past, or you've struggled to find a financial solution you can afford to repay, you may find that you can get support in the form of a bad credit payday loan. As the name suggests, a bad credit payday loan is a short-term learning opportunity specifically designed for people with a poor credit history. Throughout the course of this guide, we're going to tell you everything you need to know about bad credit, lending, and payday loans.

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Not ready? Read on to see what bad credit is and why it matters to you?

What is Bad Credit and Why Does it Matter to You?

Your credit score is essentially the rating that lenders use to determine not only whether they should let you borrow money, but how much interest you'll need to pay to access those finances. The better your credit, the better your deal will be, as most banks, building societies, and credit unions associate "good credit" with a trustworthy and credible lender.

If your lender believes that you have "bad credit," then this basically means that your credit score is lower than it should be. People with bad credit are generally those who have missed repayments in the past, dealt with County Court Judgements, and those who have had a bankruptcy against their name.

If you're one of the many people facing a bad credit rating today - you're not alone. Countless borrowers throughout the UK struggle to get the money they need in a personal loan, simply because they've had issues with repayments in the past. As you know, just because you were late repaying a loan in the past doesn't mean that you're not trustworthy today. However, it can be hard for some lenders to see past your score.

The good news is that a bad credit rating doesn't automatically slam the door on all of your lending options. However, it does mean that the advances available to you will be limited. You will have a smaller selection of loans to choose from, and you may need to make higher interest repayments than you would have if you had a pristine credit history.

I've Never Had a Loan- Why Do I have Bad Credit?

Importantly, having "no credit" isn't the same as having bad credit. However, a lack of credit can be just as detrimental to your borrowing options when you're trying to get your hands on money quickly. When you apply for a loan, credit card, or any other form of finance, your lender wants to see evidence that they can trust you to give them their money back.

If you have bad credit, then your history suggests that you're not as reliable as your lender would like you to be when it comes to paying back the money you owe. Bad credit suggests that you're at higher risk of falling behind on your repayments, which means that you're less likely to get a good deal on a mortgage, credit card, personal finance, and more. Your credit history can even affect your ability to apply for a mobile phone contract or insurance for your car.

On the other hand, if you've got no credit, then there's nothing to say that you wouldn't pay your loans back on time. However, there's also no evidence to suggest that you can be trusted either. Your lender has nothing to base their decision on, so they must treat you as more of a risk than someone with a more significant credit history.

Can People Improve their Credit Histories?

If you have a poor credit rating and you're worried about applying for loans in the future, aside from a bad credit payday loan, then it helps to know that there are things you can do to improve your credit score. For example, one good place to start is making sure that your name is listed on the electoral roll. This ensures that the credit agencies can keep track of your spending habits.

Of course, it's also helpful to make sure that you do whatever you can to pay your bills on time. A useful way to reduce your chances of falling behind on payments is to set up direct debits for your regular monthly payments. For instance, you can set up a direct debit for your rent or mortgage, gas and electricity bills, broadband expenses and more.

Finally, when you're applying for loans with other credit providers that do rely on your credit to make decisions about you, make sure that you spread your applications out. Every time you apply for a loan, and a bank asks for details about you from the credit agencies; this leaves a mark on your file. Too many marks in a row can make you less attractive to lenders.

What Loan Options Do You Have with Bad Credit?

As mentioned above, having bad credit doesn't instantly eliminate all your loan options at once. However, you will need to focus your attention on "bad credit" loans, rather than standard loan products. The loans that you generally see advertised on television, bank websites, and within your credit union, often showcase the rates and options available for people with the highest credit ratings.

With a bad credit rating, you'll need to compromise, but you should still have a range of borrowing options available to you, such as:

  • Unsecured bad credit personal loans: These loans generally come with a higher interest rate and a shorter term than their good-credit counterparts, but they allow you to borrow money without using your property as security.
  • Guarantor loans: A guarantor loan allows you to access money with someone else - such as a friend or family member agreeing to pay off the money you owe if you're not able to. These loans can be very flexible, but they need to be approached with caution, as they can lead to relationship issues.
  • Peer-to-peer loans: A peer-to-peer loan allows you to borrow the money you need from a group of investors online, rather than a bank or building society. Peer to peer loans are often more forgiving of people with bad credit, but again you may need to pay a slightly higher interest rate.

The most common loan option for people with bad credit who need to access finance quickly is a bad- credit payday loan. This is a type of unsecured loan - as mentioned above, which does not require you to put any property down as security. A bad credit payday loan can also be delivered to you on the same day, so you can access the cash you need without waiting weeks for approval.

Payday Loans With Bad CreditAmount BorrowedInterest RateRepayable APRDirect Lender Bad Credit Accepted
Representative Example: Representative 89.7% APR, and a maximum APR of 91.2%. If you draw £50 against your credit line at 89.7% APR, it would be paid off in 6 months for a total of £60.
Representative Example: £400 loan for 113 days (4 instalments). Total: £597.48. Interest £197.48. Interest rate 255.5% pa (fixed). Repay £149.37 for 4 payments. Representative 939.5% APR.
Representative Example: Amount of credit £300 for 37 days. Interest £88.80. Interest rate 292% p.a. (fixed). Representative 1190% APR. Total amount repayable by one repayment of £388.80.
Representative Example: Borrowing £300 over 90 days, 3 x payments of £151.42, Total amount repaid: £454, Interest rate 292% (Fixed), Representative APR 1265%.
Representative Example: Borrow £250 for 3 months. Total repayment: £379.44 in 3 monthly payments of £126.48. Interest p.a: 292.25% (fixed). Representative 1255.66% APR.