Payday Loans For People With Bad Credit

If your bank balance is running low, a loan to tide you over until payday could be the ideal solution. Whether your outgoings have been unexpectedly high this month or you have an emergency bill to pay, there are a variety of options available. Many borrowers in need of short-term cash turn to bad credit payday loans, which are often for small amounts of below £1,000. These products are designed to provide small cash boosts, which are then repaid in full when the borrowers gets his wages. As a credit broker, we specialise in providing borrowers with quick, transparent and convenient finance, from £100 up to £5,000. Although you cannot apply for a payday loan with us, we can help you find a lender with flexible repayment periods, even if you have a poor credit history.

What is a bad credit payday loan?

If you have struggled to find finance in the past due to poor credit history, you may be considering applying for a payday loan for people with bad credit. For many of us, our budgets do not stretch to cover unexpected bills and expenses, especially if an emergency crops up out of the blue. From car repairs to boiler breakdowns, we don’t always have the savings available to cover these unexpected costs. Alternative forms of lending enable borrowers to get access to money they need quickly, rather than waiting until their the day they have some extra money. These short-term cash advances are popular among borrowers who need money quickly but may struggle to access funds through traditional banks and building societies.

Although, the convenience often means paying more in interest, with most direct payday lenders charging a higher APR than other short-term loan options. The requirement to repay the loan in full on the borrowers' next pay date, also causes financial issues for many people. Repaying the credit often leaves the borrower short of money the following month, which means they often decide to take out another payday loan. This can lead to a debt spiral with significant consequences on the borrower’s finances, especially if the money cannot be repaid. Although, the Financial Conduct Authority has introduced measures to protect borrowers, such as a cap on fees and charges. This means that a payday lender can never charge more than £24 per month for each £100 borrowed. Despite these measures, you should remember that late repayment can cause you serious money problems.

It is important to only consider loans with repayment terms which you can comfortably afford, otherwise you could get into financial difficulties. The concept of payday lending is now broadly viewed across the UK as a high-cost form of short-term lending, so is not as popular today. If you need access to money quickly to overcome short-term financial difficulties, we can help you arrange a convenient loan with flexible repayment terms. If your application is approved, the money could be sent to your bank account in just minutes*, enabling us to offer money quickly. However, the availability of the funds in your bank account will depend on your bank's processing speeds.

What’s the best payday loan company for bad credit?

There are many payday loan providers, however, we specialise in helping borrowers find the ideal solution for their individual circumstances. Instead of borrowing expensive payday products, we can help you find lenders which offer flexible finance to those with a bad credit history. If you have been turned down in the past, we can match you with a partner which could offer you a competitive lending, even with a less than perfect credit score. Unlike loans which need to be repaid on your next payday, the products we help you arrange have a variety of repayment lengths. If you borrow less than £100, you can select affordable repayment periods of 3, 6 or 12 months. However, if you need to borrow more, we offer maximum repayment lengths of 36 months.

Can you get a payday loan if you have bad credit?

There are many lenders which offer loans to those who have a bad credit score. There are many reasons why an individual may have a history of financial difficulties. For example, you may have a history of excellent financial management but struggle with a low score due to not being registered on the electoral roll. Whatever your financial situation and past history, our lenders will be willing to consider your application, so you could get the cash you need. For those with a history of poor money management, the finance terms offered may not be the same as those with an excellent credit. For example, the interest rate offered could be higher or you may be offered a lower amount to ensure the loan is affordable.

Our providers are fully committed to responsible lending, so applications will only be approved if calculations show the repayments will be comfortable and will not cause financial difficulties. Our innovative FastCheck tool is designed to assess whether you are likely to be approved in just 60-seconds. Simply answer a few key questions and our tool will calculate whether you meet the eligibility criteria of our lenders, without performing a hard credit check. This means there is no impact on your credit score, and you will know instantly whether it is worth completing a loan application.

What loans can I get with bad credit?

Many direct lenders specialise in offering loans for people with bad credit score and will require the repayment to be made on their next wages date. By offering these short repayment terms they aim to increase the chance of money being available for the repayment. Here at CashFlex our lenders are authorised and regulated by the Financial Conduct Authority, which means we offer fair, transparent and affordable loans. As part of our commitment to responsible lending, we believe flexible repayment lengths enable borrowers’ access to products which can be comfortably repaid. Instead of struggling to repay in full on your next pay date, you could get a loan through our panel which is repaid over a number of months.

While your credit score is important to our lenders, our providers offer loans which are designed specifically for those who may have a low credit score. Our lenders consider a number of factors other than your credit history when processing your application, such as your current financial situation and recent borrowing history. If you can demonstrate that you meet the eligibility criteria and can afford the loan, you could get approved. The majority of lenders will consider loans for those who are aged over 18, in regular employment and a UK resident with a UK bank account.

How to get a loan with bad credit

If the FastCheck tool has indicated that you are likely to be approved, the next step is to complete our 2-minute online application form. The quick form will ask for your personal details, income information and your regular outgoings. This will provide lenders with information such as your average monthly expenses and how much you earn, allowing potential lenders to assess your affordability. Your application will be sent across to our panel of up to 40 lenders, who will complete a quick soft search of your credit file. This won’t leave a footprint on your report and will not have an impact on your credit score. If another potential lender searches your credit report these soft searches will not be visible. The information will simply be used by the lenders to gain a quick overview of your financial position.

If a lender indicates that you are likely to meet their eligibility criteria you will be redirected to their website to complete a direct application. You will be asked to complete a final application form on the lender’s website, so they have any additional information needed to complete your loan. The information provided will enable our partners to see whether there is enough room in your budget each month to repay the loan comfortably. They will also conduct a single hard check of your credit file, which will leave a footprint on your report.

What are the benefits of using CashFlex?

By applying for a loan through our website, you will save time and help protect your credit report from multiple hard searches. Instead of spending unnecessary time making multiple applications to various lenders directly, we can match you to a lender using a single application form. Every lender which is authorised and regulated by the Financial Conduct Authority will need to perform a hard check of your credit file when you make a final application.

However, by using our services as a credit broker you will be matched to the ideal lender for your financial situation and credit rating. Too many credit searches in a short space of time can have a negative impact on your credit score and will also be visible to others who search your credit report. If you have applied for multiple loans and multiple searches are recorded, this could indicate that you are not managing your finances well. It is important to note that even payday lenders will complete a credit search, as there is no such thing as a loan without a credit check. Any lender which is advertising no credit check loans are likely to be operating illegally, so you should avoid these offers. Instead, look for a lender which is authorised and regulated by the Financial Conduct Authority, as they require all lenders to run a full credit check.

Although our application is designed to provide you with quick access to money you need, it is always worth considering whether a new credit agreement is the right option for you. If you are struggling to manage your money, have been caught in a cycle of repeat borrowing or are simply looking for free and impartial advice, there are several organisations who can help. These include The Money Advice Service, Step Change, PayPlan, National Debtline, the Debt Advice Foundation and Citizens Advice.

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.

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

Why choose us

Sometimes, the unexpected happens that means you need money fast. Here at Cashflex we offer a user friendly process to help you find same day loans in a responsible and affordable way.

How much can I borrow?

The exact amount you can borrow depends on your personal circumstances and can differ by lender. You can apply for a loan between £100 and £5,000

What are the repayment terms?

This is dependent on the amount that you wish to borrow. The repayment terms can be: 3 months, 6 months and 12 months to name a few, ranging right up to 36 months.

Can I apply for a loan with bad credit?

Yes. If you are unsure you can use our FastCheck tool to find out your loan eligibility.

Can I repay in instalments?


What will I need to get a short term loan?
Can I get a short term loan?

Over 18

You'll need proof that you are over 18.

Bank Account

Hold a valid UK bank account.


Have evidence of a regular income and UK residency.

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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.