Which Payday Loan Lenders Provide Loans To Bad Credit Customers?

Payday loans are loans designed for people who need quick, short-term cash for a specific purpose. They help people cover emergencies like a broken boiler, MOT repair or to pay an urgent bill. So on average they are for a 28 day period and are repaid on the next payday.

One concern that many new applicants have is if they will be approved for a payday loan if they have bad credit. This is a valid concern, considering that the majority of loan providers including banks and financial institutions first look at the credit history of the applicant.

Instant Cash Loans Online, payday loans without bank statement, quick cash loans,

But this is different with payday loans and other similar short-term loan products. And that's because they are mainly classed as bad credit loan products and are designed for people who have struggled to get credit in the past. However, many lenders in this industry do carry out credit checks and use it at times to make a decision. But what they are most concerned with is your ability to repay your loan on your next payday.

To qualify for a payday loan you need to meet the following requirements:

you must be over 18 years old must be a UK resident be in full-time employment in the UK you must earn at least £750 per month your wages must be paid into your bank account and this should have a debit card

These are the top payday loan lenders in the UK that lend to applicants with poor credit ratings:

1. Payday UK

Payday UK is one of the top lenders in the UK and they carry out credit checks, but they are more concerned with your ability to repay your loan on your next payday. So they will look at all your details before they decide and they are more than likely to approve even if you have a bad credit record.

2. Quick Quid

Less than perfect credit won't prevent you receiving a loan from Quick Quid. Your loan amount will be based on your credit rating and your ability to repay your loan. So they operate slightly differently from other UK payday loan lenders and if you have been turned down by other lenders in the past, it's likely that Quick Quid will approve. But the initial amount they lend to you will be low and you can increase this on subsequent loans as you repay successfully.

3. Wonga

Wonga, like other payday loan companies listed above, carries out credit checks and is more strict in its decisions. They state on their site that a poor credit record may affect their decision but they also state that they are more concerned with your ability to repay the loan on your next payday. And they look at all your personal information to make sure it's accurate.


These aren't the only payday loan lenders that provide loans to people with bad credit. There are many others, however, these are the most reputable and they have been classed as the best in the industry. They are also responsible lenders and have helped millions of people with their financial needs.

bank loans for bad credit

Up To $ 1500 Quick Loan Online. No Hassle. Fast Instant Approval. 100% Approval In 1 Hour. No Telecheck. Get Quick Loan Now!

Rating of bank loans for bad credit

Get Online Application at online payday loans.