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 with CashLady

If you suffer from a poor credit history and need a small, short term loan, your options may be limited.

Every day, thousands of people search the internet for short term credit solutions designed for people with an adverse credit history.

Cashlady speaking to people on the street regarding financial emergencies

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?"

Loans designed for people with less than perfect credit scores often have high interest rates, which need to be carefully considered.

If you need a bad credit payday loan today, you can apply with CashLady, using our secure online application form. Our aim is to help you get a loan with the best APR possible.

What is a bad credit payday loan?

A bad credit payday loan is a small, short term loan designed to help customers overcome unexpected financial emergencies.

The interest rates charged on a bad credit payday loan can differ from lender to lender but the FCA caps on fees and charges by HCSTC providers 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

Small bad credit loans are designed to meet urgent cash needs. They are one of the few short-term loan products available to people with an adverse credit history.

If you take out any form of short term credit, It is critical that you always borrow within your means and repay your loan commitments on time.

What is bad credit?

Bad Credit is a term often used to describe the financial situation of somebody with a history of poor financial management or circumstances. People who have an adverse credit score are likely to have missed credit 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.

By definition, bad credit is an indication that suggests one borrower is riskier than another.

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

Although a poor 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 bad credit 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 loan product is no different. As a customer you have the option of making your loan application direct or through a credit broker like CashLady. .

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 the various options.

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

One of the main advantages of applying with CashLady is that we scan the market (as we know it) prioritizing 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 regulated lenders for your peace of mind:

Lender Rep APR
Guarantormyloan 48.9%
Safety Net Credit 68.70%
118 Money 99.90%
Satsuma 535%
MyJar 788%
Cashfloat 997%
Uncle Buck 1250.4%
Mr Lender 1256.4%
Ferratum 1270%
Wageday Advance 1281.8%
Sunny 1293%
Quick Quid 1294.1%
SwiftSterling 1298%
Lending Stream 1333%

watch the video understand badcredit payday loans

How can CashLady help me?

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 payday 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 apply for a loan with CashLady it means your application 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 loans. Today we are proud to serve many thousands of customers applying for short term credit.

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.

What are the 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. They could be the difference between losing use of your car and being able pay for those emergency repairs.

  • The application process is relatively non-intrusive.

  • Payday loans are unsecured loans. This means if you 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 payday loan, your commitment will be over as soon as your short-term loan is repaid. You won’t have an ongoing commitment to pay back what you owe over many months.

  • 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

  • Our top ‘advantage’ also features here. Payday loan 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 come with a higher APR 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.

Frequently asked questions

  • Can I get loans for bad credit with no guarantor?
    Yes you can. Bad credit loans do not usually require guarantors. 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. In some cases where you are declined for an unsecured loan we may offer a loan with a guarantor.

  • Will a poor credit history affect my chances of obtaining a payday loan?
    The answer in most cases is ‘yes’. But it does not mean your loan application will fail. This is where we can help because we submit your application to many lenders. Affordability will be based on your current financial circumstances and behaviour. It is also one of the best reasons to use a licenced credit broker. An FCA authorised short term credit broker (like us) could give you with a better chance of obtaining the finance you need. Especially if your credit rating is a concern.

    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, although we do find they are often applied for by to those 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 about what is your credit score.

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.

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 check 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 don’t move on from one lender to another.

If you are declined by one lender after they have performed a hard credit search, it may be worth waiting a 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

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

Bad credit payday loan approvals depend very much on specific circumstances.

Any provider of bad credit finance has to make sure that the loan is affordable to you. They will look at your earnings and subtracts all your expenses. These include rent/mortgage, utilities, transport, food, credit expenses. Also, any other recurring expense. The amount remaining needs to be enough for you to be able to repay your loan.

There are still many loan companies that mention high acceptance rates in their advertising. They do so to appeal to borrowers with poor credit ratings. Strict regulations from the FCA are in place to protect customers from irresponsible lending.

Alternatives to bad credit payday loans

If you are looking for other options to a 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

Could a payday loan for people with adverse credit help?

Short term finance solutions for people with less than perfect credit histories can come in useful. Some creditors may be able accept applications depending on many considerations. They key factor is your ability to repay the loan.

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

It’s important to note that payday loans are designed to be responsibly borrowed and repaid. This is why you must be employed to get one.

Summary: Bad Credit Payday Loans

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

If you are able to pay back your loan repayments each month, you may start to see your credit score rise. This could mean access to better loan offers in the future (with more competitive APR’s) and access to more 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