Emergency loans

If you have a bad credit score, these situations can be very stressful as you don’t have access to a credit card to tide you over until you get back on your feet. There is help available though, in the form of an emergency payday loan. These loans are available to those of you who have a poor credit scores as long as you have a job or other source of income, are over 18 years old, live in the UK, and have a bank account and are often referred to as bad credit loans or payday loans for those with bad credit.

Emergency payday loans are not offered by your traditional lenders like banks and building societies, so you don’t have to go through the same, long and slow process of application. Emergency payday loans are offered by direct lenders, and most of them can be found online. The method of applying for one of these emergency loans has been streamlined quite significantly when compared to something like a bank loan, and you can do it all from the comfort of your computer. You can also get help with applying for loans with multiple lenders all at once by contacting a payday loans broker, thus speeding up the time it takes to get the money you need, and increasing your chances of being accepted for a loan.

To put it simply, loans with no credit check don’t exist. There will always be some kind of check no matter who is offering the loan as it is required by the FCA (Financial Conduct Authority). The difference between the check that is done by a direct lender and one from say a bank manager, is that a direct lender are not really that interested in what happened with your finances years ago. They are more concerned with the here and now.
Are you working and able to make the repayments? This is the most important thing a direct lender needs to know when they are assessing your eligibility for an emergency cash loan.

For the most part, payday loans from direct lenders have been designed to be quick and straightforward to apply for.
These lenders know that people want their money in a hurry to deal with whatever problems they are currently experiencing and will process applications much faster than a bank, usually within a few hours. If you are successful in your application, the direct lender will offer you a fast loan with the interest rate and repayment schedule set out. If you accept the offer the funds should be transferred into your account as soon as possible.

To make your application go as smoothly as possible, and to give yourself the best chances of being accepted for an emergency payday loan, please make sure the information you provide is accurate and you have documentation to back it up.

Yes, emergency loans are available for students but the interest rates on these types of loans are typically higher than with a government student loan so it might be better to go down that avenue first before looking for a loan without guarantor. If that isn’t an option for you, then you can apply and get a loan for students from a direct lender. These types of loans can sometimes be helpful when you are only a week or two away from getting your student loan instalment and need a financial life raft to help you get to dry land, you can also consider student payday loans too. As long as you pay the loan back in time, an emergency payday loan from a direct lender will not harm your credit rating.