Apply now for award winning payday loans
Select Your Loan Amount

secure payday loan application tick box Secure Apply                 quick decision tick boxQuick Decision
mobile friendy tick box Mobile Safe                    apply online tick box100% Online
no hidden fees tick box No Hidden Fees             flexible and clear tick boxFlexible, Clear

Warning: Late repayment can cause you serious money problems. For help, go to
Representative Example: Amount borrowed: £250 for 3 months. Repayments: 3. Interest rate p/a: 292% (fixed). Each repayment: £137.21. Total repayable: £411.63. APR 1272% Representative.

Bad Credit Payday Loans

Thousands of people are searching the internet each day for ‘bad credit payday loans’ to help them overcome short-term financial challenges.

The term ‘payday loan’ historically meant a short-term loan to be paid back on your next payday. However, the concept of ‘payday lending in the UK is now more broadly defined as ‘high-cost short-term credit’.

If you are looking for a bad credit loan and want more information before you submit an online loan application, CashLady has you covered.

bad credit payday loans with CashLady

What Is A Bad Credit Payday Loan?

A bad credit payday loan is a high-cost short-term loan product designed to help customers with a poor credit history overcome unexpected financial emergencies.

Changes in regulation have meant that most ‘payday lenders’ now offer high-cost instalment loans for periods of up to 12 months.

Interest rates charged by lenders for bad credit loans can vary from lender to lender but FCA (Financial Conduct Authority) caps on fees and charges will always apply.

These caps mean you should never pay more than £24 per month for every £100 borrowed and never more than double the original amount borrowed.

People with an adverse credit history can still be eligible for a bad credit payday loans

Should I Apply For A Bad Credit Payday Loan?

Bad Credit is a term often used to describe the financial situation of somebody with a history of poor financial management. People who have an adverse credit score are likely to have missed credit payment obligations (such as a loan, utility bill, or credit card)

Essentially bad or ‘adverse’ credit is the main reason why some borrowers find it difficult to obtain finance from high street banks or mainstream lenders.

By definition, bad credit is an indication to loan providers that one borrower is riskier than another.

What Is Bad Credit?

Bad credit payday loan products are designed to meet urgent cash needs. They are one of the few short-term loan products available to people with a poor credit history.

The first question you should ask when considering any form of credit is: "Can I afford to repay my borrowing in full and on time?"

If you take out any type of bad credit loan, it is critical that you always borrow within your means and repay your loan commitments on time.

High-cost loans designed for people with less than perfect credit scores normally have high-interest rates, which need to be carefully considered before you commit.

People with an adverse credit history can still be eligible for a small bad credit payday loans

Although a bad credit score could be the result of financial mistakes made in the past, it can also be the result of not having any borrowing history. Either way, a history of poor credit management can often be an obstacle to obtaining a personal loan.

Bad Credit Loans - Direct Lender

Any form of personal borrowing should be approved and issued from an FCA authorised direct lender. A bad credit payday loan product is no different.

If you are confident about your credit score and believe you should be approved by most bad credit loan providers, you may find it useful to compare your lending options.

Fortunately, most direct lenders provide 3rd party customer reviews to help you make an informed decision.

Bad Credit Loans - Credit Brokers

Using an online credit broker can be a quick and efficient way to find the best bad credit loan provider. One of the main advantages of applying for a loan with CashLady is that we scan the market in a few minutes and return the lender that will give you the best deal in terms of APR and acceptance rates. You therefore have a better chance of finding a loan and getting a lower APR in the process when you apply through us.

Below is a list of the bad credit loan partners we actively work with, sorted by APR%. All are established FCA authorised lenders for your peace of mind:

Lender Representative APR
1>st Stop Loans 31.30%
Azure Money 49.40%
George Banco 49.70%
Bamboo 49.70%
Amigo Loans 49.90%
Safety Net Credit 68.70%
Satsuma 535%
MoneyBoat 939.50%
Uncle Buck 1244%
Lending Stream 1333.00%

watch the video understand badcredit payday loans

Bad Credit Payday Loans - Frequently Asked Questions

Can I get a payday loan with bad credit?

If you have a bad credit score you may still be able to take out a payday loan. All forms of high-cost short term lending are designed to help meet the needs of people with lower credit scores. However, each loan application is looked at on its own merits and there are no guarantees you will be approved.

Will my bad credit prevent me from being approved?

If you have a very low credit score and have a history of missing your loan repayments and other credit commitments, it could mean your loan application is not approved.

Remember that your credit score can be improved if you take measures to ensure you always meet your credit obligations in the future.

Will my payday loan application be approved if I have bad credit?

Payday loan approvals depend very much on specific circumstances.

Any provider of high-cost short-term finance has to make sure that the loan is affordable. They will look at your earnings and subtract all your expenses. These include:

  • Rent/mortgage
  • Utilities
  • Transport
  • Food
  • Credit expenses.
  • Any other recurring expense

The amount remaining needs to be enough for you to be able to repay your loan commitments each month.

How quickly will my loan be paid out?

If your bad credit loan application is approved, the money can often take as little as 15 minutes to reach your account if your bank accepts ‘Faster Payments’. Speak to your bank to find out if your account has this facility.

Payments are not always processed 24/7 so if your bad credit loan application is approved late at night, it could be the next morning before you receive it.

Does having a bad credit score mean I will be automatically declined?

No, having a bad credit score doesn’t mean you will be automatically declined. However, if your credit history shows particularly poor money management it may mean you will struggle to find a direct lender willing to approve your loan application.

Will my poor credit profile affect my loan?

A poor credit file may affect your loan. A low credit score may impact the interest rate you are offered, with a higher rate of interest being offered if the lender feels you present a high level of risk. If lenders feel that the risk of the loan not being repaid is too great, they may decide not to offer you a loan.

Can I get loans for bad credit with no guarantor?

Yes, you can. Bad credit loan providers do not require a guarantor unless they are a specialist guarantor loan provider. When you take a guarantor loan, the credit history of the guarantor is usually what matters to the lender. A bad credit loan assumes it is you who requires credit and therefore, a guarantor is not normally required.

Woman explains the importance of personal credit history in lending decisions

Does it matter how bad my credit is?

Your unique credit score will be an important factor in lending decisions. If your credit score is particularly low, it may prevent you from obtaining any kind of finance. This is because lenders assess the risks associated with providing money. If you have a long history of missed payments, it could be a preventative indicator. To get a better understanding of your credit report why not try a free credit reporting website such as noddle. The better your credit score, the better your chances are.

Does taking out a payday loan imply bad credit?

Not necessarily, people often apply for short-term finance online when they have a cashflow problem. However, generally speaking most high cost credit options are applied for by applicants with lower credit ratings. Most lenders will take this into consideration

You can read more on how to avoid bad credit in the UK and our special guide explaining what your credit score is.

If you want more information about how to rebuild your credit rating, we created a series of guides which should give you plenty of useful information.

How Can CashLady Help?

At CashLady we have a dedicated panel of FCA approved short-term credit providers. Many of our lenders may be able to lend you funds in an emergency, even if you have a poor credit history.

Applying for a loan with, even if you have bad credit, is completely free of charge. We will never charge you a fee for using our service.

When you submit a credit application to CashLady it means your details will be instantly seen by our panel of trusted lenders. As a borrower, this can mean more credit options and importantly, a higher chance of your loan application being approved.

Since 2007, We have helped more than 3 million people apply for short-term bad-credit loans.

Bad credit loans are often needed for financial emergencies like a car breakdown.

Please be aware that not everybody who applies for a loan with bad credit in the UK will be accepted.

As with any type of personal loan, responsible borrowing is important. You must be able to repay your loan commitments in full and on time. Doing so will help you avoid building up a cycle of debt, sometimes referred to as a spiral of debt or a debt trap.

Advantages Of Bad Credit Payday Loans

CashLady showing advantages of bad credit short term loans
  • Payday loans for bad credit are often available when you cannot get help elsewhere. It could be the difference between losing the use of your car or being able pay for those emergency repairs.
  • The application process is relatively simple and non-intrusive.
  • Payday loans are unsecured loans. This means if you do miss a payment you won’t risk losing a valuable possession (although there could be other financial consequences).
  • Applications can be completed online for speed and efficiency.
  • With some personal loans, you are tied into repayments for months (and even years). With a bad credit payday loan, your commitment should be over in a matter of weeks.
  • Payday loans are for relatively small amounts of money. This keeps the cost of borrowing to a minimum.

What Are The Disadvantages Of A Payday Loan For Bad Credit?

Two people discussing the risks of taking a bad credit payday loan in the UK
  • Payday loans are often available to consumers that might have applications rejected elsewhere. This can make a loan tempting in non-emergency situations. It would be wrong to treat them as a handy alternative to a traditional long-term loan.
  • Payday loans usually have a high APR - much higher than other types of personal finance. There are now restrictions and price caps in place to protect consumers, but it is always wise to be aware of exactly how much you’ll be paying in total.
  • The definition of a ‘payday loan’ states that it should be there to bridge the gap between your next pay cheque. As a result, you won’t have long to pay back what you owe - which can sometimes create a problem.

Will Applying For A Bad Credit Loan Affect My Credit Rating?

Applications for loans, whether they are accepted or rejected, will normally require a formal credit search before approval. Doing so will leave a footprint on your credit file. If you already have an adverse credit history, further credit searches could make your situation even worse. Multiple footprints on a credit file can indicate to lenders that you are unable to manage your finances effectively.

Making multiple loan applications in quick succession can damage your credit file. It is recommended that you do not continually apply for loans in succession if you are repeatedly declined.

If you are declined by one lender after they have performed a hard credit search, it may be worth waiting 14 days before you re-apply with another provider. This is because the next lender will be able to see your most recent application and successive loan applications may give a negative impression.

CashLady explaining how multiple loan applications can damage your credit file

Alternatives To Bad Credit Payday Loans

If you are looking for alternative options for bad credit payday finance, our suggestions include guarantor loans, peer to peer loans and credit unions. Eligibility depends on your credit score.

To discover more about guarantor loans, read our in-depth series for Guarantor Loans.

For a complete list of alternatives - see our guide to Payday Loan Alternatives.

CashLady sitting on a bench showing alternatives for payday loans with bad credit

Summary: Bad Credit Payday Loans

Even if you’ve made mistakes with your finances in the past you might still be a good match for bad credit loan products. We work with specialist lenders that will consider your loan application based on many factors.

It is important to note that any type of bad credit loan is designed to be responsibly borrowed and repaid. This is why you must have a regular income to get one.

If you need to borrow money quickly for any reason, but find yourself unable to access more mainstream finance options (due to a poor credit history), a small bad credit loan can be very useful.

If you are able to pay back your loan repayments on time each month, you may start to see your credit score rise. This could mean access to better loan offers in the future (with a more competitive APR) and access to a wider variety of mainstream credit products.

Youtube Video about badcredit paydayloans
I have read and accept CashLady's
  Privacy Policy and Website Terms
I wish to opt in to SMS, telephone and email marketing.
Representative 49.9% APR
Representative Example
Amount borrowed: £1200 for 18 months
Number of repayments: 18
Interest rate p/a: 49.9% (variable)
Each repayment amount: £90.46
Total amount repayable: £1628.28
Secured By Comodo EV SSL CFA logo
Bad Credit Information
How to get bad credit loans
How to judge the safety of bad credit loans
Guide to bad credit debt consolidation

Customer Satisfaction & Reviews

CashLady is rated 4.5 stars by and Smart Money People based on 2350 merchant reviews is not a lender but is a fully regulated and authorised credit broker which introduces borrowers and lenders for the purposes of entering into short-term unsecured loan agreements. does not charge customers a fee for using its broker services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement with a lender or broker following an introduction through this website. is a registered Trading Name of Digitonomy Limited, Registered in England and Wales (Company number 08385135), Registered Office; Steam Mill Business Centre, Steam Mill Street, Chester, Cheshire, CH3 5AN. Digitonomy Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 690249. Licenced by the Information Commissioners Office, (registration number ZA007309) *Once approved, your cash could be sent within 10 minutes. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. Loans available to over-18s only, subject to status © 2020