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

We offer no credit check loans

What is a no credit check loan? Well to put it simply it means that if you are in the unfortunate position of having bad credit we can help! When you apply via Payday Loans Now most of our lenders do not check your credit rating so therefore if you have bad credit we can give you a loan instantly!

What is a Payday Loan?

In simple terms, a payday loan is a cash advance, or a small financial instrument that permits a borrower to cover certain expenses for a short-term period. Typically, the borrower is expected to pay off this particular loan when they receive their next pay cheque, however, there are occasions wherein the amount can be rolled over for an extended borrowing time. Payday Loans are becoming increasingly popular throughout the United Kingdom today, as the credit crunch starts to bite down hard on all of our bank accounts, draining away the money we earn with the rising costs of fuel and food. In these troublesome times, an unforeseen emergency such as a car breaking down or an extra maintenance bill can cause a great deal of stress, resulting in too much month at the end of your money. Payday loans are an effective way of dealing with these emergencies in a quick, secure, and efficient manner. When times are looking tough, a payday loan provides a simple way of getting the money you need into your account quickly, and without the unnecessary hassle. Generally, they are recommended as a short-term solution to emergency financial problems.

There are many times where we can find ourselves facing a difficult financial situation. When we are in desperate need of extra funds, but our hands are tied until the month’s payday comes around. In such a scenario, many people find themselves trying to defer their plan of purchasing something, which can be impossible when the requirement you are facing is a school fee, unexpected medical bill, or domestic repair. In other occasions, you may find yourself turning to family members for help, and panicking when they don’t have the money to hand over. If you suffer with a bad credit rating, you cannot turn to your bank for the help that you need, and this can leave you feeling extremely nervous about what to do next. One of the best things about obtaining a payday loan is that you do not need to have a good credit rating to be accepted, meaning that you will no longer have to deal with disapproving banks if you have had some form of financial trouble in the past. All that you need in order to be eligible for a payday loan is to have a checking or current account that is actively running, and a regularly paying job.

How do I take out a Payday Loan?

With Payday Loans Now, taking out a payday loan has never been easier. We offer the cheapest and lowest APR available within the market, meaning that the amount you will be required to pay back is guaranteed to be less than with any other provider. All that you have to do to take advantage of the service we are offering is to fill out the quick and easy form below. The form simply asks you to enter the exact amount of money you need to borrow and for how long you will need to borrow it. There’s no need to worry about any uncomfortable personal questions, as the form only requires a small amount of information to be filled out. Simply fill it in and get the cash that you are applying for transferred into your account instantly, with no hassle, no fuss, and no unnecessary worry.

Important Information

Financial Implications

Sometimes, Payday Loans can seem to be the only option in an extremely difficult situation, and if you find yourself in a position where a payday Loan seems to be the only way out for you, it is important that you fully understand the financial implications that it can cause. As with any other form of loan, before you decide that a payday loan or cash advance is the right course of action for you, you need to be sure that you will be capable of making the repayments. Often, a short-term or payday loan will be required to be paid back in full upon the arrival of your next pay cheque. Subsequently, before you apply for a loan of this nature, take the time to calculate your regular monthly outgoings and the amount of income you know that you receive within the same time frame. Doing this will give you a better picture of what you can really afford after your monthly commitments and bills have been paid, and you will be able to see whether or not you will have enough left over cash to pay back in full what you have borrowed.

If, after some calculation, you find that you will not be able to pay back the money within the time expected of you, it may be that a short term loan is not the best option for you. Although it can be difficult to see another way out, simply putting off further financial crisis until the next month so that you can pay a spur of the moment bill will only improve your situation for a short time. As we all know, when it comes to finances, it can be a lot safer to think about the long-term result. Maintaining financial security is incredibly important when it comes to taking care of your family and yourself. Getting yourself into longer-term financial difficulties that you cannot get out of will only worsen your situation. For help figuring out what to do next, try visiting the citizens’ advice bureau or the money advice service.

Impact on Credit Score

Although taking out a payday loan and paying it off on time may not have any implications upon your credit score, failing to pay back the money you have borrowed can have a huge impact upon your financial future, reducing your chances to get further loans in the future, and even causing problems with future decisions to buy or mortgage a house. Bear in mind that high street lenders can detect when you take out a payday loan and struggle to pay it back on time.

Renewal Policy of payday loans

Payday Loan renewal policies extend the terms of your loan, giving you a longer period of time in which to pay back the money that you have borrowed. Renewal policies can vary from one lender to the next, and it is important to recognize that renewing your loan contract could add extra pounds onto the final price you pay for your loan, leaving the hole in your pocket even deeper when paired with interest rates and late fees. In most cases, when a company extends a payday loan, they will ask for the original financial charge of the loan to be paid out on the due date, but the remainder of the loan principal will otherwise be extended to the following pay date, including any additional charges.

Loan Collection Policies

Although Payday loans can provide a simple and straightforward solution to financial problems, like any other loan, you will be expected to pay the money that you borrow back within the set timeframe. If you do not repay your payday loan, then you will have to deal with debt collectors coming to retrieve the money that you owe to the company.

Financial Difficulty

As with any other form of loan, payday loans are expected to be paid back within the allocated time frame. If you do not pay your loan by the agreed date then you may be reported to the Credit Reference Agencies, which can have a long-term negative impact upon your credit score. A Payday Loan should always be a last resort, and you should never take one out if you can find ways of making up the money in a secure manner.

When should I take out a Payday Loan?

Many people find themselves turning to the solution of Payday Loans when they are presented with a situation wherein they do not have enough money to pay for something necessary. Many of us go through our week on a day-to-day basis, struggling to get by, and when something out of the ordinary happens, we can find ourselves in need of quick cash that we simply don’t have on hand. If your boiler breaks down and you need a repair, your home window gets smashed or your car stops running suddenly, you may not be able wait a couple of weeks until you have the cash you require. Whatever the problem, it can lead to a budgetary disaster, and bills can start to pile up, leaving your financial situation looking increasingly worrying. This is the point when individuals turn to payday loans to get their hands on some cold hard cash. Although payday loans can certainly provide you with the money that you need to overcome an unexpected hardship, they can be extremely dangerous if you do not understand how they work, or use them improperly. Payday loans should be a last resort in a troublesome situation, once you have already exhausted other avenues for obtaining the money that you need.

The only time you should consider applying for a payday loan is when you need the money you are requesting desperately, for something that simply cannot wait. If you are thinking about buying a new item or paying something off that could otherwise be put off to a later date, then Payday Loans Now is not the ideal solution for you. Before you decide to make an application, take some time to think about what you will be using the money for, and whether it is something that you can simply purchase later in order to avoid the stress of having your next month’s salary eaten up by interest rates. You should not take out a loan if you feel that you will have to constantly delay your repayments, as this can lead to severe financial issues.

Looking For Other Options

So if a Payday Loan isn’t the right solution for you, what other options are available? Well, you can consider the following as possible alternatives to assist with your situation:

  • Keep an emergency open credit card aside in case of emergency expenses
  • Pick up an extra bit of part time work to bring in a little more cash
  • Build an emergency cash fund in your savings account that you simply do not touch (this can be easier said than done)
  • Work on improving your credit so that you can borrow from mainstream lenders for longer-term loans
  • Ask about the overdraft protection plans in place on your checking account
  • Consider the potential of peer to peer lending services
  • Ask around among family and friends for a little extra help if the amount you want to borrow is not overly extravagant.

Other Types of Loan Available

If a loan seems to be your only viable option, then consider the alternatives alongside the potential of a possible payday loan. Logbook loans, short-term loans, secured loans, and re-mortgaging options are available as other routes for you to explore.

Logbook Loans

Logbook loans are financial arrangements, which are secured using your vehicle, so that the person who is lending you the required amount of money owns your vehicle instead of you up to the point when you pay your loan back. With logbook loans, you can continue to use your vehicle as collateral as long as you will continue to pay off the loan. Another great thing about logbook loans is that just because you are taking money out with your car as collateral does not mean you cannot continue to use the vehicle.

Short-term Loans

A short-term loan refers to the process of borrowing money for a particularly small period of time. Often, these types of loans will last for a couple of weeks or months, and can provide you with varying levels of financial help depending on the lender you choose. Often, borrowers prefer a short-term loan in comparison to other options, as the repayment schedule is quite flexible, allowing them to avoid unnecessary financial stress. You can acquire short-term loans from your local bank, or even online.

Secured Loans

In simple terms, a secured loan is a type of loan that is only available to people who own properties or hold a mortgage. The reason the loan is ‘secure’ is that the lender you are borrowing from acquires the rights to forcibly sell your home to get their money back if you are not able to pay. Although it may be somewhat disappointing to learn, the ‘secured’ part of this loan applies to the security the lender gets, not security for you, as if you are unable to pay off the money you have borrowed, you could end up without a house. Secured loans can be easier to obtain than other forms of financial help, especially if you are an individual who suffers with the issue of a poor credit score. Because secured loans provide lenders with a form of compensation should they find the money they lend out does not get returned to them in time, they are typically more willing to lend to those with a bad credit rating. Another reason why someone may apply for a secured loan is that it does allow for a larger amount of money to be borrowed, and for a longer time period. With a secure loan, you can expect your pay-back period to last anywhere between five and twenty years.


Re-mortgaging, otherwise referred to as refinancing by some, is the ability for an individual to pay off one mortgage using the proceeds they receive from a new mortgage whilst still using the same piece of property as security. In some cases, re-mortgaging could save you a small fortune, as even cutting one percent from your mortgage repayments could cut your costs dramatically. Of course, re-mortgaging will take some time and effort on your behalf, as you will have to dedicate some consideration to the process of finding the perfect deal for you. This means deciding what kind of mortgage you want, and what the best options are for your financial security, now and in the future. Of course, re-mortgaging is not for everyone, even despite the potential savings, and you will need to think about the money you need, the timing of the re-mortgaging procedure and any personal circumstances that may impact upon your decision.

Loans similar to Payday Loans

There are different kinds of loan available that can be regarded as payday loans. For example, 1 month loans that are intended to provide you with the money that you need for the period of one month only, meaning you will typically pay back the money you have borrowed with the money obtained from your next pay check. Another example of a type of payday loan could be short-term loans which can last anywhere between a couple of weeks to a few months in duration. Borrowers typically prefer short-term loans to other types, as the repayment schedule tends to be reasonably flexible. Finally, you could apply for a logbook loan, which is secured using your vehicle. With a logbook loan, you can continue using your vehicle as collateral for as long as you may need to do so, but you do have to continue paying back the money you have borrowed in regular instalments.

Bad Credit Payday Loans – how PaydayLoansNow.co.uk is different

Payday Loans Now728.9% APR
WizzCash1265% APR
QuickQuid1270% APR
Wonga1509% APR
Sunny Loans1295% APR

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