A guide to bad credit payday loans

If you are looking for a quick cash injection, a same day loan could be the ideal solution. Whether an unexpected bill has cropped up or you need extra cash for a purchase, we can provide you with access to same day loans, even if you have bad credit.

How do bad credit payday loans work?

If you have struggled in the past to obtain credit, you may be interested in taking out bad credit payday loans. These loans are designed for people who might struggle with accessing the most competitive loans available on the market. Payday loans are designed to provide short-term advances to tide you over until your next payday, but they do charge a relatively high APR when compared to other short-term loan options.

Are there any alternatives to bad credit payday loans?

Instead of taking out expensive bad credit payday loans, we will search our panel of lenders to find you a suitable alternative. As a broker we work with a range of lenders which specialise in providing short-term loans to people in every financial situation. If a poor credit history has meant that you were refused a loan in the past, our panel of lenders could still offer you a competitive loan.

CashFlex can offer short-term loans which can be repaid over a longer payment period. Our lenders can provide loans of up to £1000, with repayments spread over 3, 6 or 12 months. Although, if you do need to borrow more, we can provide access to loans of up to £5,000 with longer repayment terms.

Will I be accepted for a loan if I have been refused for bad credit payday loans?

Our lenders understand that there are a variety of reasons why a person might have a poor credit history. For example, if you have made a few late repayments or have not added yourself to the electoral register, you may have a low credit score. It is our aim to match you with the best lender for your situation, so that you can avoid taking out expensive bad credit payday loans.

We have developed a unique FastCheck tool, so that you can see whether you are likely to be accepted for a loan, without impacting your credit score. The tool will ask a series of questions and in less than 60 seconds you will know whether our lenders are likely to approve you for a short-term loan. If you are approved for a loan, in many circumstances the funds could be sent to your bank account in minutes**.

Although, it is always worth considering why you need to take out a short-term loan and whether there are alternative options. If your existing financial commitments are making it tough to manage your money each month, we advise that you speak to either The Money Advice Service or Step Change. They will be able to offer you free and impartial financial advice, which will help you to manage your financial situation.

You are age 18 and a UK resident

You have a regular income

You have a valid UK bank account with an active debt card

Try our FastCheck tool with no impact to your credit score

Our new tool allows you to calculate your chance of being accepted for a loan.

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Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

We’re a fully regulated and authorised credit broker and not a lender.