Bad credit payday loans

Are payday loans for bad credit suitable for me?

Your credit rating is affected by many different things — and these attract varying degrees of interest from potential lenders.

Payday loans are typically for fairly small amounts of money and, just as the name suggests, you repay them in a short space of time. Those factors are taken into account when any lender considers your application for a payday loan.

Even if you have a poor credit rating, therefore, your circumstances and the nature of the loan make it possible for some lenders to grant payday loans for bad credit.

Do very bad credit payday loans exist?

The worse your credit history, of course, the more difficult you are likely to find it to secure a loan or any further credit.

If it is especially poor, you may find more lenders who decline your application on account of the perceived risks. But there are still others who might accept your request even for very bad credit payday loans — though you might need to pay slightly more for your borrowing because of the greater risk.

Can I get a bad credit payday loan with no guarantor?

Where your credit history is especially poor, some lenders might ask you to offer a guarantor. That is someone who formally agrees to take on responsibility for repaying the loan if, for any reason, you default on the agreed repayments.

But, once again, there are also lenders prepared to bear that risk and to offer a bad credit payday loan without you needing to have a guarantor.

How Instant Lolly can help

Here at Instant Lolly, we have extensive experience in arranging payday loans for individuals with bad credit. We carefully match potential lenders with your unique circumstances so that you potentially have access to borrowing you might otherwise struggle to find on your own.

Among our network of lenders are those who grant payday loans even if you have had previous difficulties with debt, are currently unemployed, or are in receipt of benefits.

Even if you have particularly bad credit, we may still be able to find you a lender to meet your needs — and you might not always require support from a reliable guarantor for your application.

Payday loans are typically just that — loans which you need only until your next monthly pay date. But we also know that sometimes paying back a large sum of money in one go isn’t always practical, so we offer a range of repayment terms up to two years.

Another common feature of the payday loan is that it is typically for a relatively small amount of money – no more than a hundred pounds or so. Here at Instant Lolly, though, we have lenders prepared to consider loans up to as much as £1,000 over shorter periods (1, 2 and 3 months), and up to £3,000 over longer terms.