WARNING: Late repayment can cause you serious money problems. For help, go to: moneyadviceservice.org.uk

Bad Credit Payday Loans

What is a bad credit payday loan?

Bad credit payday loans are loans that you are potentially able to receive if you do not have the best credit. We all suffer at one point in our lives from circumstances which mean we default on our credit commitments. Because of this it can sometimes be hard to obtain credit.

Payday lenders and other non traditional lenders can offer a way for you to obtain credit despite your previous issues with finance. Payday lenders will look at more than just your credit score. They will look at your income and expenditure, credit commitments and they will often use other ways to decide whether to lend you money.

Do PiggyBank lend to people with bad credit??

PiggyBank take every loan application on its own merits. We will look at your current financial situation as well as your previous credit history. Although we will take most situations into consideration, any PiggyBank customer must not be in financial difficulty, be on a debt management plan, have received a CCJ in the last 12 months, be on an IVA or bankrupt. More information on eligibility.

What do I need to consider before applying for a loan if I have bad credit?

Before you take out any credit you need to ask yourself whether borrowing money is the right thing for you. If you can cut down on your spending or put off buying something until you’ve saved for it, do that. If you are borrowing money to make repayments on other loans and debts, you may be in a vicious circle and it might not be the best thing to do. If you think you need help with your debts, you can contact the Step Change Debt Charity service at StepChange.org.

Why Choose Us?

  • Direct Lender
  • No Payout Fee
  • No Hidden Costs
  • Fast Online Application
  • Multiple Repayment Options
  • 100% UK Based
  • Fully Authorised by the Financial Conduct Authority
Apply Now