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Payday Loans Bad Credit

We work with a number of companies that offer payday loans bad credit and will take a view on customers that have experienced defaults, arrears and missed payments. Payday Loans Hub has partnered with a number of FCA authorised firms who can provide up to £2,500 and deliver funds within 1 hour of approval.

Simply click on apply now and you will be taken to our application form where you can apply. You will be asked key information such as your name, age, address, income and employment and then our system will match you with the best lender for your requirements.

Payday Loans Hub can accommodate all kinds of customers through loans that include:

  • High acceptance
  • Very bad credit considered
  • Instant decisions
  • No guarantor required
  • Direct lenders

How do payday loan with bad credit work? 

We work with a number of payday lenders for bad credit, and the idea is that every customer will go through a credit check prior to funding. This is to ensure that they can afford to repay their loans without falling into financial difficulty or they can borrow an amount which is just right, based on their income and affordability.


The characteristics are:

  • Less people funded (stricter criteria)
  • Lower amount they can borrow
  • Slightly higher interest rates


But lenders appreciate that it is possible to miss a payment here and there. After all, you can fall sick, lose your job or have some unexpected bills which can lead to the occasional default or missed payment.

Although some lenders have different requirements, some lenders may be willing to take a view on those with bad credit histories. In the case of bad credit loans or credit cards, you may find that the amount the person wants to borrow is adjusted to a lower amount and the interest rate charged is just a little higher – just to mitigate the risk of default.

Since Payday Loans Hub works with a number of payday loan alternatives too, those with very bad credit scores may be recommended to other similar products which just offer a bit more security, such as adding a guarantor to your application (which is someone with a good credit score) or getting a secured loan against your car, van, bike or property.

How to get payday loans with bad credit? 

Ideally, to maximise your chances of getting a payday loan bad credit, you ideally need to build your case that you can be approved for a loan and repay it on time.

By having a strong employment status, with a regular income and being in the same job for several years, it provides more trust and confidence that you will be able to repay your loan. This can be proven through the use of a pay slip or P45.

Above all, you need to look at ways of building up your credit score where possible. Even though you may have bad credit, there may be some quick wins and ways to improve.

You can certainly start by accessing your credit report for just £2 and seeing where you fall down and can also better yourself. This might include joining the electoral roll to show that you have a real, permanent residence or closing any unused credit cards or store cards that you do not use. Lenders tend to favour those accounts where there is not much debt outstanding and that their loan is not used to pay another.

You can continue to check your credit report, using services such as Noddle, Experian and ClearScore and keeping track of your credit score and seeing the improvements will help you get access to the financial products you require. You can even receive alerts by SMS or email every time your credit rating goes up or down to truly stay on top of it.

How soon can I receive funds? 

Our partners typically transfer funds in one lump within 1 hour of successful completion. Every application is completed online and subject to an instant decision, letting the individual know if they have been provisionally accepted or not. Their information will go to a lender who we have paired them with and they may require further checks such as credit and affordability checks – and this may require a phone call to the customer or a copy of their pay slip, bank statement or utility bill.

In some cases, the funds may be transferred within 2 hours or on the same day, but the sooner the checks can be made, the faster funds can be distributed. Hence, being available for the lender is important in case they need to call you or ask any follow up questions – so being close to your phone and emails after you have made the application is recommended.

Sometimes your loan application can take longer to process if you apply out of office hours in the evening, on a Sunday or bank holiday weekend. In which case, you can typically expect funds to be successfully transferred to your debit account on the next day, helping you receive next day funds.

How our site works

Payday Loans Hub is a licensed broker which is authorised by the Financial Conduct Authority. Our commitment to responsible lending and treating customers fairly means that we have a very straightforward application process which connects you to a lender based on criteria and other requirements. So if you have bad credit and want to borrow a certain amount over a certain period of time, you will be introduced to a lender that is best suited for you.

There are no upfront fees for applying and we do not pass on your information to anyone else or third party companies without your permission. Our website is held on a secure server (https) so you can be rest assured that your information is kept confidentially and securely on our website.

Our partnered lenders also offer a lot of flexibility for your payday loans with bad credit. You have the option to choose how long you want to borrow for, giving you the right amount of breathing space and choose what day you would like the loan repayments to come out of your account, which is typically the last day of the month. You also have the option to repay your loan early, so if you want to repay half way through, you can certainly do so and will likely save money on the daily interest too.