Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

What are Payday Loans for Bad Credit?

When an unforeseen cost crops up and you have a less than perfect credit history, a payday loan for bad credit may help you out of the situation. These are short term loans designed to be repaid on the applicant’s following payday. If you have poor credit, then you can identify this in your application and the lenders will take it into account when determining your eligibility.

This means that even with bad credit, you can still get a payday loan. You will have probably struggled getting accepted for finance previously as most lenders will by default, check your credit score as a first port of call. Payday Loan Ranger works with a lot of lenders specialising in providing payday loans for people with bad credit and so we are more than confident that we can find the perfect financial agreement for you.

Does Payday Loan Ranger Broker Loans for Bad Credit?

That’s more or less exactly what we do. First of all you’ll fill in some details with us, which helps us match you with the most promising and best payday loan lenders for bad credit. You need to ensure that you’re not in any financial difficulties first though, though your previous credit history won’t hold you back from getting a loan with one of our lenders.

How Can I Check if I Have Bad Credit?

Everyone’s credit file is different and there are a number of companies cashing in on people’s need to understand their credit score. Thankfully, there are also a few providers that will provide your credit report, or at least an overview for free. Services like Noddle can help you understand your credit profile and how potential lenders may see your borrowing potential.

Aspects to consider before you apply for a payday loan for bad credit

Always ensure that you fully understand the financial commitment you are considering making. This includes both the repayment amounts and repayment dates. You need to know that you can afford the loan repayments on time. For more advice on debt and money management, visit Step Change here.