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Payday Loan Bad Credit

Payday loans are for those people who have found themselves in an unforeseen circumstance and need access to money relatively quickly. It doesn’t matter if you have good credit or bad credit, a payday loan can help you out of a tight spot when you find yourself short of cash.

There are many people who have bad credit and therefore may find it difficult to get a loan, or an overdraft from a bank or get a credit card. If this is the case, or if you prefer the convenience of a payday loan, there are many payday loan companies to choose from. Whether it is through Facebook, an app or Google, you can find a payday loan company that can help you even if you have bad credit.

Do PiggyBank offer Payday loans for bad credit?

PiggyBank offer loans to those who can afford it and for those who are not suffering from long term financial issues. Your previous bad credit does not mean you will not be able to get a loan. PiggyBank will assess your application and decide if we can lend you money. You can check our eligibility criteria here.

How do I know if I have Bad Credit?

If you are unsure how your credit file will look to lenders, you can obtain a free credit report for life from Noddle. They will allow to see your credit file, your credit commitments and also allow you to see your eligibility for credit with different credit providers.

Filling out an Income and Expenditure Spreadsheet

Another good thing to do is to assess your own affordability before you apply for a loan. You can do this by downloading any number of budget spreadsheets that you can get through a simple Google Search. This will give you an idea of how much money you actually have left at the end of each month and also give you a better idea of whether you should focus on clearing some debts before applying for more credit.

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.

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