Brand New Loans for Bad Credit in UK
Get a payday loan now by clicking the “apply” button above. What are payday loans for people with bad credit? They are small loans offered without collateral, which are typically paid back from your employment cheques. If you are employed and are in need of emergency funds to resolve unforeseen bills, apply for a loan today.
We offer new payday loans to people in the UK who need fast cash. Are you short of funds, have a pressing bill that needs resolved immediately, but your next pay cheque doesn’t come quickly enough? We can assist you with your short term money crunch and give you the opportunity to get back on your feet again.
Why get Payday Loans for Bad Credit?
There are many reasons why you can find yourself short on cash. If your car breaks down or there’s an emergency, storm damage or any number of other possibilities, these situations can wreak havoc on your budget. Even those who are wise with their spending and create proper monthly budgets can find themselves in need of help from an outside source.
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Some people rely on friends and family in such situations, but not everyone has that option. In cases like this, getting a loan can meet your needs and may be the best option available. If that is your situation and you’re looking for a solution to an immediate cash flow problem, we are here to help! Please continue reading to see the various options we can assist you with, to help you with your finances.
What are Loans for Bad Credit Direct Lenders?
As you search for the best deal, you’ll notice many different sites. Some of these will represent new direct lenders. While we are not direct lenders, we can put you in contact with them. Get the best deal for your situation by submitting your application today.
We can connect you with a direct lender to give you a new loan direct from the source of the funding. This is considered an unsecured loan for bad credit — and is typically a smaller type that isn’t backed by any kind of collateral. The fees for that type of borrowing are significantly higher than if you were to use secured lending.
What are Logbook Loans? (Cash Converters)
Another option are logbook loans. We do not offer these, but they are something you can get if you have collateral (such as a vehicle) to offer. Doing this will likely get you a far better rate of interest. Whatever it is would normally be something we could place a lien on. In exchange, we give you a logbook which has pay stubs that you would tear off and submit on a timely basis with your pay cheque, be it weekly or monthly. After you send in your last payment, the lien is removed and the debt is resolved.
Loans for Bad Credit No Guarantor
Loans for bad credit no guarantor is a loan which will no require a third party to sign as a security for the beneficiary of the loan. Many times, when a person thinks that he or she has a poor credit rating or they are facing a tough financial situation, they can turn on a person with a good or at least better credit score to act as the guarantor of the loan. This will significantly increase the chances for the person to get his loan approved. On the other hand the guarantor will have to promise that if ever the actual beneficiary for that loan, fails to settle an instalment, the guarantor will have to make up for it instead. This will lower the loan risk significantly and as such will have much better rates and changes of success.
Secure Loans for people with bad credit
While it sounds like a hassle to go through, this provides a more secure environment for the lender and thus allows them to reduce the fees or interest rate of the new loan. In other words, the cheapest you can receive for a short term, an amount that could last weeks or months. Again, we do not offer this type of loan, if you are interested you may want to search Google for “Cash Converters”, they offer these types of loans.
What kind do you need for your situation? Click apply today and get quick cash forwarded directly to your bank account within minutes of acceptance. We will at a minimum give you a quick reply to your application.