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

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Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable)
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. moneybolt Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd. for the purposes of obtaining a loan. LoanLoad does not provide any loan or consumer credit products directly.

Unsecured Loans

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

Loans subject to status. Over 18s only. Minimum loan amount may apply.
Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Why people choose us

Low Representative APR

APR takes into account the amount of interest that will be charged to you for borrowing a certain amount of money.

Fair, Fixed Interest Rates

We won’t try and fool you by luring you in on a low-interest rate only for it to change later.

Potential to Payoff Your Loan Early

Some lenders and brokers arrange loans with flexibility at the centre of what they do.

We can Arrange Loans up to £25,000

Apply today and the loan you are looking for could be arranged by our lenders or brokers within a few minutes.

The Truth on Bad Credit Payday Loans

What are bad credit payday loans and how can you avail of them? Does this mean that there are actually lenders who are willing to provide loans without conducting credit checks? If there are, are they legitimate and can we trust them? These are some of the questions that might come to mind when you hear bad credit payday loans. To shed light on the matter, this article will provide you with everything that you ought to know.

What Are Bad Credit Loans?

So what does “bad credit” actually mean? This is a term used to represent a person who has experienced problems with credit in the past. It is important to note, though, that this term is a vague description and does not necessarily offer accurate information about a person’s actual credit history. It cannot be quantified in numeric terms like a credit rating. This is the same as a “bad credit loan” which is also a vague description on a loan intended for individuals who possess poor credit scores. The truth is lenders will normally refrain from providing loans to individuals with very low credit scores because of the risk of payment defaults. However, bad credit payday loans offered in smaller amounts for a shorter duration with interest rates are indeed offered to people with less than perfect credit scores.

Having Bad Credit Payday Loans without a Credit Check?

While not every lender will provide bad credit payday loans, and having a “bad credit” will seem like a major hurdle in obtaining a loan, there are lenders who will consider other factors aside from credit rating when granting loans to applicants. Factors such as income and age could be more important than the applicant’s overall credit rating itself, making it an appealing option to numerous individuals looking for a quick loan. Overall, the applicant’s general affordability is the main criteria when looking at his eligibility for bad credit payday loans. So when you are in dire need of cash but you think that you’re not so appealing credit score will just lead you to a rejection, remember that there are lenders who are willing to give you what you need as long as you can afford it.

How Credit Ratings Affect Your Loan Applications

Credit agencies conduct ratings on individuals by putting into account an array of information including past credit history. The ratings are represented by a certain number that shows the level of risk in defaulting from a payment. How a lender weighs those numbers, however, is entirely up to them and they can choose to accept an application despite its low credit score as long as they can see a realistic deal that can work well for both parties.

The most important thing to remember is that an application for bad credit payday loans cannot be summarised purely on the grounds of a good credit or a bad credit. Every lender will always take into consideration a range of factors and while one lender might reject your application because of your imperfect credit score, another one might be willing to accept it. In the end, there is no such thing as “good credit loans” or “bad credit loans,” but only different lenders willing to accept different levels of risk. However, bear in mind that your low credit score can become a factor in incurring higher interest rates. Normally, the lower the credit score the bigger the interest rates would be.

Improving Your Credit Score with Payday Loans

If you have a poor credit rating, bad credit payday loans can be a means for you to improve it. Just be careful, however, as every application will be recorded on your credit history – numerous applications can mean a constant need for cash or taking on debts that you cannot afford. Also, if you miss out on your payments it will deal a negative impact on your credit score and push you back even further. Always remember to only take out bad credit payday loans deal that can afford. Draw out a plan on how you are going to make your payments and stay committed to it.

Those are some of the things that you need to know when taking out a bad credit payday loans in relation to credit rating. In the end, always remember that how your credit rating will affect your application for a loan will depend entirely on the lender and how he sees it as a risk for defaulting on payments. And if a lender grants you bad credit payday loans despite your poor credit rating, remember that it will almost always come with higher interest rates.

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You will need to be over 18 and a UK resident with a valid UK address. You must also have a monthly income (from benefits or a job) and a UK bank account.

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

3 most recent personal loan reviews

Review of Avant

The online application is fast and efficient! I was hesitant about "linking in" to my online bank account......However this made the whole application process far quicker! I can honestly recommend Avant - especially if you are worried about being judged on any previous credit history problems......Avant didn't do that! Just a thorough and fair service with good APR.

Review posted by Trevor Donahue, Derry

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Lending Works

Seamless and fluent from application to funds available. Outstanding rate, not match-able anywhere! I can't recommend any higher! Thank you, greatly appreciated and very happy customer.

Review posted by Mark Phillips, Portchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Zopa

I do have to say one of the best loan sites i have come across, they make everything so easy, with not very good credit history i did't think i had a chance but they accepted me and i can get my life back on track. Thank you again amigo loans.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.

MONEYBOLT IS A CREDIT BROKER AND NOT A LENDER. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.

YOU MUST MAKE ALL AGREED PAYMENTS TO AVOID LEGAL ACTION. If for any reason you will be unable to pay the agreed instalment then contact us immediately. Do not ignore the issue as a default payment will not solve itself.

NEVER BORROW MORE THAN YOU CAN AFFORD. Defaulting on payments can lead to serious and life changing financial issues. Make sure you only accept an agreement that is within your ability to repay.

MoneyBolt.co.uk is a registered trading style of Serpable Ltd, which is an Introducer Appointed Representative of Quint Group Limited and is entered on the financial services register under the reference number 780328. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Serpable Ltd is registered in England and Wales (Company number: 10699069), Registered Office, 17 Collingbourne Avenue, Bournemouth, Dorset. BH6 5QR.

Scam Alert – Beware of impersonators, we will NEVER EVER ask for upfront payments, transfer fees or vouchers to guarantee a loan