Are you concerned about your poor credit score? Is it discouraging you from taking out a loan? Fear not, at Payday Loans Net we specialise in giving loans for people with bad credit. Your credit score should never dictate whether you can borrow money, so apply now for bad credit loans online and get up to £1000 today. With our high acceptance rates and fast funding, we will help you cover your unexpected expenses. We believe in helping all our customers manage life’s ups and downs, no matter what credit score they have.


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What are Bad Credit Loans in the UK?


Loans for bad credit are fairly self-explanatory. Even if you have very bad credit, short term loans such as these are designed for the individual who has a less than perfect credit score. Whether this is due to your historic financial decisions, or you haven’t yet had the opportunity to build your credit score up, bad credit loans from Payday Loans Net allow you to borrow money where other lenders would not allow you to apply for a loan with bad credit. Often, bad credit loans in the UK are more expensive to borrow. Lenders wish to reduce the risk of you not paying them back and use your financial history as a means of determining whether you are eligible to borrow. At Payday Loans Net, we look past your potential previous financial errors and treat all of our customers equally, fairly, and with consideration. We allow you to get a loan with bad credit, as long as you are able to prove your current affordability. Additionally, even if you apply for very bad credit loans, you won’t have to pay back any more than if you were to have good credit.

Is Payday Loans Net a Payday Loans for Bad Credit Direct Lender?


We certainly are! As very bad credit loans direct lenders in the UK, we specialise in loans for bad credit scores. Rather than fixating on the past, we perform thorough affordability assessments on each and every applicant. This is for your own benefit as well as our own as we wish to ensure that providing you with payday loans for bad credit will not have any detrimental impact on your financial situation. Even so, our ultimate decision is based primarily on whether we think a borrower can repay a loan for bad credit in a responsible manner. We know your credit score does not define you, which is why we allow you to apply for a loan with bad credit, as this should not stop you from receiving the money that you need.

Apply now for a bad credit loan online from a direct lender that cares and receive the money you need today.

Can I Get Very Bad Credit Loans With No Guarantor?


It is entirely possible to get a loan with bad credit without a guarantor. As a payday loans bad credit direct lender, we support our customers independence with the belief that they can manage their loans for bad credit responsibly. Payday Loans Net can provide loans for a bad credit score, no matter your credit rating and a guarantor is not required to apply for bad credit loans in the UK with us.


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How To Get Bad Credit Loans Online


The application process for loans for people with bad credit is simple with Payday Loans Net. Simply fill our easy-to-follow application form, and your application should be complete within 2-3 minutes. Following this, you will receive an instant decision on your loan status, which can take up to a mere 90 seconds.

If approved for loan for bad credit, you will receive the money into your account within an hour. If you are looking for payday loans for bad credit, Payday Loans Net could just be the lender for you.

Do Unsecured Loans for Bad Credit Come With Higher Interest Rates?


Payday Loans Net believes in treating every customer fairly, which is why offer unsecured loans for bad credit with a comparatively low APR of 997%. Additionally, repaying your loan for bad credit early can even help you save on interest. By managing your money, you can save money in the long run. The interest rates on all our loans, even our very bad credit loans, are authorised and regulated by the FCA, ensuring they are within an affordable range.

How To Get The Best Loans For Bad Credit


If you are looking for the best payday loans for bad credit direct lender, you should always compare loan companies for bad credit before you apply. When comparing bad credit loans in the UK, you should look at the APR. The higher the APR, the more the loan will cost you. Another essential factor to compare is the lender’s loan terms, are there hidden fees? Will you get charged if you repay your loan early?

Make sure that you also check the customer service of the lender. Taking out a loan is a big commitment, and if you struggle with the repayments, you will want to know if the lender is flexible. One way to check this is by reading the reviews on their website. Comparing all these factors will help you choose the best loan for bad credit.


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Bad Credit Loans Online FAQs


Does Payday Loans Net Offer £500 and £1000 Loans for Bad Credit?

Payday Loans Net has the ability to offer both £500 & £1000 loans for bad credit. We recommend that you only borrow money to pay for emergencies, such as medical bills and urgent car repairs. Borrowing money for the right purposes will help to keep you out of debt, and you can even improve your credit score by making timely payments to very bad credit loans direct lenders in the UK, such as ourselves.

Can I Get a Cheap Loan if I Have Bad Credit?

We know that when you want to get a loan with bad credit, many lenders make this an expensive process. At Payday Loans Net, we do not fixate on your financial past, allowing you to access payday loans for bad credit in the UK, without any crazy levels of interest. If you are looking for lower interest loans for bad credit you have come to the right place. Apply now for fair and affordable credit.

What is a Bad credit Score?

A bad credit score is rated as any number from 300 – 579. People who have a bad credit score are likely to find it much harder getting approved for any forms of credit, whether you are applying for a loan, mortgage or for something simple like a mobile phone contract. If you do have a poor credit score, we advise you to start repairing it because it will significantly improve all your financial choices.

Will Taking Out a Bad Credit Loan Affect My Credit Score?

Taking out credit and repaying it reliably may boost your credit score, as it shows you can handle your finances responsibly. For instance, this may be especially true if you have a thin credit file, haven’t used much credit before, or only recently opened your first bank account. However, applying for too many loans and getting rejected can bring your credit score down since it suggests you are not managing your finances properly and are not credit-worthy. As always, we advise only taking out a payday loan for bad credit in the UK if you absolutely need it and are sure you can repay it.

How Fast Can I Get A Bad Credit Loan Online?

We understand your urgency, and if you are approved, we’ll try to fund the money to your account within the hour. When you apply for bad credit loans online, Payday Loans Net’s streamlined process will give you an instant decision with your loan status in just 90 seconds! We understand that you need cash now for an emergency, so time is of the essence.

Where Can I Get a Long Term Loan For Bad Credit?

At Payday Loans Net, we only offer bad credit loans in the UK up to 6 months. There are long term lenders that offer payday loans for bad credit, but they may require a guarantor. When a lender provides loans for people with bad credit they are running a risk of whether the customer will be able to afford the repayments. This risk is even greater on a longer term loan. So, if you are considering a long term loan for bad credit, your chances of getting approved are greater if you have a guarantor.

Can I Get a Loan With Bad Credit If I Am On Benefits?

Yes, if you have other income along with your benefits, or you are receiving enough benefits to cover all your expenses and still afford the monthly repayments, we will happily approve your very bad credit loan application. Make sure to show this clearly when you submit the application form.

Bad Credit Loans Lingo Confusing You?


It’s important to understand what you’re applying for when you’re considering loans for bad credit score. Take care to ensure you understand the loan terms before applying.

What We Offer What That Means
Bad credit payday loans direct lenders only A direct lender will loan you the money themselves rather than using a middleman. A trustworthy direct lender such as PDNET will never pass on your information to a third party without permission from you.
Instant loans for bad credit When you apply for a loan for poor credit, you need the money now. When you apply with PDNET, you get a decision within 90 seconds. If approved, we fund you the money on the same day.
Very bad credit loans Customers with extremely poor credit often worry they won’t be able to get a loan when they need it most. However, at PDNET, it doesn’t really matter if customers need very bad credit loans UK, or have a fair credit score. As long as we see that you are likely to repay responsibly, we are happy to help.
Unsecured bad credit loans Unsecured loans for bad credit are a safer option for very bad credit loans as you do not need to provide any collateral such as your house or car. All of PDNET’s bad credit payday loans are unsecured.
Loans for bad credit no guarantor no fees instant decision An honest lender should never charge you a fee just to apply. At PDNET, we never charge you a fee to apply for a quick decision about your loan and you’ll never need a guarantor. You pay for what you get, not a penny more.

Improving Your Credit Score With Payday Loans For Bad Credit In The UK


Your credit rating is calculated by a credit reference agency based on an overall picture of how you manage your money.

Here are several factors that can negatively impact your credit score:

  • Overdue payments on bills, credit cards, and the like reflect poorly on the way you manage your finances and can drag down a good credit score.
  • A default from a company. For example, if a company shuts down your account with them because of late or missed payments, this can impact your credit report for up to 6 years.
  • Applying for too many credit cards or not spacing out your credit applications. Each time you apply for credit, your credit history undergoes a “hard check.” Unfortunately, when these hard checks pile up, it can bring down your overall score.

Another possible source for your bad credit issue is a thin credit file – you might have too little credit history for lenders to properly pass judgement.

A thin credit file is likely the source of the problem if you:

  • Are applying for credit for the first time
  • Have never opened a bank account in your name
  • Are a new resident of the UK. As you cannot transfer your credit history from abroad, you must, therefore, begin rebuilding it from scratch.


What Do I need To Be Eligible For A Loan With Bad Credit?


To be eligible for a little loan with bad credit from Payday Loans Net, you must meet the following criteria:

  • Be a UK resident
  • Hold a UK bank account
  • Be 18 years +
  • Have a steady source of income – this can include benefits.
Representative example

Total amount of credit: £500
Duration of the agreement: 4 months
Repayment total: £863.24
Interest is fixed at rate of 270.10% per year – 0.8% interest per day | Representative 997% APR
£215.81
Instalment 1
£215.81
Instalment 2 & 3
£215.81
Instalment 4