General Questions
Can I apply for a loan if I have a bad credit rating?
Yes you can! Here at Pay Day Bad Credit we welcome applications from customers with a bad or poor credit rating. We are able to do this by taking all of your current circumstances into account, such as current employment, ability to pay and the nature of your credit history. Many of our existing clients have a less than desirable credit rating but were approved for one of our loans. If you have any questions, one of our customer service team will be happy to assist you.
Do you perform a credit check when I apply?
Yes, we do. The FCA require all authorised UK-based lenders to perform thorough checks to ensure that the loan is right for the applicant. However, having a bad credit rating does not necessarily mean you will be refused, as we consider many other factors before we give you a decision. Our goal is to assist you in getting the right loan for your own circumstances.
Do I need a guarantor to apply for a bad credit loan?
No, you do not need a guarantor to apply for one of our loans, even if you have a bad credit rating. We have thousands of clients throughout the UK who have been approved for a loan despite a poor credit score. We understand what our customers need and that’s why we recommend speaking to one of our friendly customer service representatives in order that we may assess your situation fairly. For more information, see no guarantor loans.
How much could I borrow with a bad credit loan?
You can borrow any amount from £300 – £1,500 from Pay Day Bad Credit when you apply for one of our bad credit loans. The application process takes only two minutes and you will receive an instant decision. On the application form you will see a clear repayment plan to help you make an informed decision before you proceed with the loan. Once approved, you could have the money in your bank account within a few hours, it really is that simple!
