Is your poor credit rating stopping you from getting the money you need? At Payday Loans Net, we believe it shouldn’t! Apply now for our poor credit loans and get up to £1,500, if approved. With our high acceptance rates and fast funding, we will help you cover your unexpected expenses. We believe in helping all our customers manage their life’s ups and downs, no matter what credit score they have.


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What are Bad Credit Loans?


Loans for bad credit are designed for people who have a less than perfect credit score or haven’t yet built up their credit history. Bad credit loans in the UK are often more expensive to borrow as this helps lenders reduce the risk of you not paying them back. At PDNET we treat all our customers fairly. Even if you apply for a very bad credit loan you won’t have to pay back any more than if you were to have good credit.

Is PDNET a bad credit loan direct lender?

Yes! We are a direct lender who specialises in poor credit loans. We always perform affordability assessments for each application to ensure that providing you with a poor credit loan will not harm your financial situation. However, our final decision is based primarily on whether we think the borrower can repay their loan with bad credit, responsibly. Your credit score is just a number and does not have to stop you from getting the money you need. Apply now for a very bad credit loan from a direct lender that cares.

Can I get loans for bad credit with no guarantor?

Yes! PDNET offers loans for bad credit without a guarantor in the UK. We support our customers’ independence and believe in their ability to manage their loans responsibly. Moreover, no matter your credit rating, you will never need a guarantor to apply for a poor credit loan with us.


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How to get a loan with bad credit


You can get a loan with bad credit from PDNET by filling out our easy online application form. This should take 2-3 minutes. You will then get an instant decision on your loan status; this may take up to 90 seconds. If approved, the money will be funded into your bank account within the hour. Need a loan with bad credit fast? Applying with PDNET is the way to go!

Do unsecured loans for bad credit come with higher interest rates?

Not necessarily. PDNET believes in treating every customer fairly, regardless of your credit score. All of PDNET’s loans are unsecured and have a comparatively low APR of 997%. Additionally, repaying your unsecured loan with poor credit early can help you save on interest. Managing your money well is always the best way to save money. The interest rates that we charge on our loans are authorised and regulated by the FCA, keeping them within an affordable range.

Can I get guaranteed loans for bad credit from PDNET?

If you are searching for a guaranteed loan with bad credit, you are probably worried about getting declined because of your poor credit score. Bad credit loans with guaranteed approval are not recommended in the UK because they are usually offered by unsafe lenders and come with exorbitant prices. However, PDNET offers high acceptance loans, no matter your credit score. We weigh affordability over your credit score. As a high acceptance lender in the UK, we understand that people with bad credit often need money the most.

How to get the best loan for bad credit

If you are looking for the best payday loans for bad credit, 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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FAQ’s about Bad Credit Loans

Does PDNET offer £500 and £1000 loans for bad credit?

Yes, PDNET offers 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.

Can I get a cheap loan if I have bad credit?

Borrowing money with bad credit can be expensive. The good news is that PDNET offers a lower APR on their loans for bad credit, than many other lenders in the UK. So 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.

What do I need to be eligible for a small loan with bad credit?

To be eligible for a little loan with bad credit from PDNET, 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.

How fast can I get my bad credit loan online with PDNET?

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, PDNET’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. Click here to learn more about our loan application process.

Where can I get a long term loan from if I have bad credit?

PDNET only offers bad credit loans of up to 6 months. There are long term lenders that offer loans for poor 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, if you have a guarantor/ collateral your chances of getting approved are greater.

Can I get a loan for 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, PDNET will happily approve your 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.

Why You Have Bad Credit and How to Improve Your Credit Score:

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.


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 if you absolutely need it and are sure you can repay it.

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