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

Which payday loan is best for
people with bad credit?

Which payday loan is best for people with bad credit?

How Much Cash Do You Need?


Get Money Quickly when You Need It
When you have to have funds, you don’t want anything to stand in your way. Your bank may want to run a credit check on you and make lending into a long, drawn out process. You may not have time for that. Getting the funds together on your own may not be an option. You have a looming bill, and it needs to be paid right away. How do you get the funds for that?
It’s easy. Just apply for the loan you need through Power Funder. We make lending so easy that anyone can do it, no matter what their credit or financial situation is like.

How to Get Paid
Once the lender the loan comes from approves you for the loan, you can have your money deposited directly to your banking account in the next day or so. It can take from 1-3 days for the money to transfer. Once it does, you can start using it immediately.

Who Qualifies?
Almost everyone who applies for one of the loans offered by our many lenders is approved for at least one loan. You may not have a lot of options if you have made some serious financial mistakes in the past, but we will try to ensure you qualify for a loan that is close to what you are looking for. The better your financial situation, the more likely you are to qualify for the loan you want. That’s because lenders are looking for people who aren’t risky for them. They want people who are likely to pay them back on time, and when they take a look at your finances, they will determine if that applies to you.

How to Repay the Loan
The lender will make repayment arrangements with you. You will be responsible for sticking to the arrangements and repaying the loan in full, including any interest and fees accrued. If you pay late, then additional fees and interest may be added, increasing the cost of the loan. Be sure you make all payments on time and notify your lender if you are having problems doing so.

Easy Loans For Difficult Financial Problems

When applying for an advance nowadays, it’s not necessary to go out and visit a lender office personally. The development that took place a few years ago allowed the borrower to just go online and acquire a reliable source of fund. This is a more convenient and accessible way especially to those who have limited time to go out. Also, the requirements for simple loans are minimal, unlike the ones demanded by banks and traditional lending facilities. As long as you can prove the loan provider that you are receiving a stable source of fund and you can settle the loan without any hassle, your chance of getting granted is fairly high.

In terms of operating hours, easy loans online are more flexible. There are no working hours to watch out and it is available 24/7. You may not be able to see their faces but there are ways on how you can verify their licenses and regulations to find out if they are legitimate or not. One way is to confirm it with the credit bureau.

In case you have no access to the Internet, you may call the loan provider instead and proceed with the application over the phone. The process for easy loans is as fast and simple as its online counterpart and the best part is – you’ll know whether you’ve been approved or not in a matter of minutes. There’s no need to wait for days; you can have the fund you need as soon as possible.

As for the paperwork, there’s no need submit a plethora of requirements; although the lender may ask you to take a photo of your credentials and send it via email or attach it in the application form. Normally, the application process starts with completing the 2-minute online application form from their website and providing the necessary personal and financial details.  A verification call follows afterward and once it’s done, the lender’s decision will take place in less than an hour. The money will be sent to your bank account once approved; otherwise, you still have enough time to look for another lender in case you’ve been rejected.

why choose easy loans

Easy Loans For Bad Credit

Easy loans can be obtained without any hassle; however, it doesn’t mean that it provides a hundred percent approval. There are lenders who won’t entertain loan applicants with low or no source of income, poor credit score, or without collateral. In such cases, a guarantor can be beneficial.

Known as a guarantor loan, it works by tagging another person who knows and trusts the borrower to cosign the loan. The same person will vouch for the applicant’s identification and guarantee easy loans by repaying it in the event of default. It can be any person who is not financially-related to the debtor, such as a relative, friend, colleague, or employer. Some of the basic criteria to become a qualified guarantor include age, income, collateral, and bank account.

Bad credit borrowers are not the only ones who can take advantage of these easy loans; those who have not created a credit history may find easy loans beneficial. The loan seeker’s credit report is not an issue as long as they can provide a guarantor with an excellent credit remark, a high income, and a property. It is also a good option for those who have no collateral to pledge or doesn’t want to risk their property.

On the other hand, there are easy loans without guarantor which is fast and simple. Unlike guarantor loans, no lengthy verification process is required so you can get the fund in just three days or even hour, depending on its terms and conditions. Even with a poor credit rating, you can have the financial assistance you need without bringing a cosigner.

To apply for easy loans, you can start by going online. Most loan application forms can be accomplished directly from its website or downloading an app. It is a convenient choice since you don’t need to get dressed, experience long traffic, or talk to different lenders face-to-face. Just be sure to fill out the form with honest answers; it usually includes for your complete name, email address, a source of income, bank details, employment information, etc.

The amount offered is relatively small but it is enough to pay for minor expenses and avoid late penalty fees (in case you’re using it on another debt). In addition, easy loans are best for those who need urgent cash for car repair, medical expenses, grocery, and utilities, etc.

Downsides Of Easy Loans

It is true that is almost a no-brainer when it comes to the application, however, easy loans have a few downsides to consider. One is the interest rate; since it will not conduct credit check most of the time, the only way for the lender to compensate the risk is to apply expensive interests. This is one way to discourage those who cannot afford the loan. Another one is the amount provided; it is small and is just enough to cover a month-worth of minor expenses. It can’t be used to purchase a property or for long-term finances.

Nevertheless, it is fast and can be helpful when you’re suffering from a bad credit remark. Poor credit borrowers can still obtain easy loans but their options are quite limited. The loan options they have come with expensive interest rates and low loan amount. Therefore, it’s still best to have good credit remark so you can have a higher approval rate, easy loans with lower interest, and a more flexible repayment term.

Despite the consequences, there are still ways to get more affordable easy loans. First is to shop around looking for different lenders instead of settling with the first loan provider you see online. Compare their rates, policies, and repayment terms. The right loan provider can usually be flexible with their terms and conditions, transparent with their interest and other charges, and provides a good customer service.

Meanwhile, you have to evaluate yourself as well before you send an application. Be sure that you are over 18 years, and financially matured enough to handle the debt.

why get easy loans

The Lenders List

Loan amount
£100 - £3,600
Loan term
3 - 12 Months
Apply Now

Show More ▼

Loan amount
£100 - £5,000
Loan term
1 -12 Months
Apply Now

Show More ▼

5 most recent personal loan reviews

Review of Police Credit Union

Since the very start coming to PCU back in June 2016 I have been 100% happy with the way the whole staff have looked after me and helped to make my future a lot happier for myself and family thank you PCU.

Review posted by David Green

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

Review of AA

I have used the AA twice now and on both occasions they were extremely helpful and courteous to deal with. I would certainly not hesitate in recommending them to anyone.

Review posted by Patricia Greaves, Warrington

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

Review of Future Finance

My daughter applied for a loan with me as her guarantor. I only got a call to confirm a few details on the application form and money was in my account within 24 hours. Fantastic service and would recommend Future Finance loans to anyone refused a loan by the high street banks. Thanks for taking the financial stress from my daughter.

Review posted by Freda Humphries, Maidstone

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

To guarantee authentic and unbiased reviews we have used Trust Pilot.

Representative Example:
305.9% APR. £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% (variable)

Please note:
Loanora is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances