What are Bad Credit Payday Loans?
Bad credit payday loans from direct lenders are the small personal loans specifically dedicated for the people with poor credit scores. These funding sources are primarily applied during the financial emergency when getting the money urgently becomes mandatory.
The interest rates usually on the higher side but we are ready to offer the loans on competitive interest rates. Other appealing loan features that we provide are:
- Automatic repayment option
- Online loan application
- Less paperwork and quick disbursal
- Every chance of credit score improvement
- Fee-free guidance on each loan deal
Whether you are a tenant or owning a home, the qualifying conditions remain the same to avail payday loans for bad credit situation.
Why Bad Credit Payday Loan Becomes a Necessity?
A whole range of bad credit loans that span from payday loan to poor credit no guarantor loans is available. The previous one that is payday loan is hard to believe, but yes, it is also the part of the choice that the bad credit people get. There is no unfair practice of upfront fee and hidden charges.
Bad things do not harm if you stop them before they become worst. Nothing different applies in the case of a bad credit situation. But the question is how to stop them? No one dares to trust people with poor credit history.
Default in payments is not an avoidable thing in the finance industry; such people considered as a risk, neither for loans nor a credit card or any other financial product. It is where the bumpy roads of struggle with poor credit situation start. The financial institutions start sending e-mails suggesting ways to improve credit score performance. The only need this time is to get a REAL solution. Fortunately, these bad credit loans work as the tool to enhance credit ratings.
In just 30 seconds comes the decision of approval and disbursal of funds happens in only 10 minutes. Yes, this is how the payday loans work despite the bad credit of the loan applicant.
Why It Becomes Vital to Apply Payday Loans from Direct Lenders?
The question about why to rely on bad credit payday loans by direct lenders only is natural to come here. It is not wrong to follow your natural preferences in finances, but a poor credit situation needs a special treatment. If you think why it is so, then read the reasons below:
- Restricted by rules, mainstream lending companies can work with less flexibility. On the other hand, direct lending emerged with specialised bad credit loan products. This makes the journey of bad credit to good credit easier and of course, predictable.
- The new age of direct online lending monitors the borrowers differently. It not only provides funds but also works as the medium to help people improve the flaws in finances.
- They provide funds despite bad credit to assist people in financial crisis and to improve their credit rating with timely repayments.
How can happen to the timely repayments and that too in payday loans? Well, the bad credit loans have personalised pricing as they are designed for the purpose to assist people in achieving good credit ratings.
The Eligibility and the Procedure
However, no need to mention, but as every penny counts, every single information is essential. Both the eligibility and the procedure of the payday loans with bad credit by the direct lender are uncomplicated. Let us take the ELIGIBILITY part first.
- Age should be 18 years
- A bank account
- Resident of UK
NOW the Procedure
- Step 1 - Submit an online application form
- Step 2 - Approval decision comes in 30 seconds
- Step 3 - If approved, funds transfer to account in just 10 minutes
Your Wait is over, Weekend Payday Loans are Available Now
By acknowledging the growing demand, we have decided to prepare bespoke deals on weekend payday loans. These loans are for the most urgent needs where money reaches within a few minutes of loan applied. We have made them available for all classes of borrowers and the strategy of no credit check allows the approval on guaranteed basis.
We are giving two modes of making repayments weekly:
- Doorstep facility: We send our agents on the said date in a week to collect the repayments.
- Automatic deduction: You can provide us with the date on which our digital system automatically deducts the repayments from your bank account.
The FLEXIBILITY and FIRMNESS in approach brings the best treatment of finances through weekend payday loans from direct lenders for bad credit people.
We Give What Is Mentioned Above
Safe Money Loan UK gives everything to bad credit applicants, as mentioned above. When it comes to financial well-being, we are not ready to compromise and always try to provide the best possible product. The real-time solution is our identity and also the tool to win the trust of our customers. With no chance, we can let them feel disappointment. The range of loans we have for poor credit is, in every sense, USEFUL and RESULT-ORIENTED.
With you, we complete the journey of bad credit to excellent credit. And, keep no worries as we have the habit of sticking to our borrowers until they reach their prime goal.
Bad Credit Payday Loans FAQs
Do instant payday loans with bad credit come with processing fees?
Instant payday loans with bad credit are the quickest source to fund your emergency needs, but each lender follows a different policy. Some lenders charge processing fees, and it is included in the APR, but some lenders do not charge it. When you apply for these loans, make sure that the lender does not charge any processing fees or hidden fees. If you cannot trust your lender’s words, you can know about it through the loan agreement. Read all terms and conditions carefully. It must talk about processing fees if the lender charges it.
What if I fail to pay off payday loans with bad credit?
Payday loans with bad credit from direct lenders are generally more expensive than loans for good credit borrowers. The repayment period of these loans depends on your credit need and the lender policy. If you fall behind repayments, you will end up paying late payment fees and interest penalties. It will continue to happen with each rollover. However, how many times you can request to have an extended repayment period depends on the lender policy. Some allow for an extension twice, and some allow for four times only. These loans can prove very expensive if you do not repay on time.
How to get bad credit payday loans from direct lenders?
To get a bad credit payday loan from direct lenders, you need to meet the following conditions:
- You should be at least 18-years-old.
- You should have a functional bank account.
- You should have a full-time job.
- You should be the citizen of the UK.
How can I get a payday loan within 10 minutes?
You can get a payday loan within 10 minutes by putting in the application online. As you turn in the application, your lender will take a couple of minutes to analyse your repaying capacity and then the lender will approve your application. If you sign the agreement, you will get money directly in your account within 10 minutes. You can use that money as you wish.
Can I get weekend payday loans from direct lenders with bad credit?
Yes, you can get weekend payday loans with bad credit from direct lenders. The application procedure is the same as a regular payday loan. You should have the information handy like your account details and all to fill out the application form. Whether it is Saturday morning or Sunday night, you can get such loans.
How to apply for a payday loan?
It is not rocket science to apply for a payday loan. You should go to the lender’s website to fill out the application form. It will require you to submit information like the amount you want to borrow, your bank statement and identity proofs. It will take a couple of minutes. Once the lender signs off on the application, you will get money.