Bad Credit Payday Lenders

£50 - £2,500 paid out by 11:18am

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Representative 305.9% APR

Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
*MoneyWorld does not perform a credit check but the lenders we're partnered with will perform what is known as a "soft search" to determine your eligibility. Should you choose to accept the loan terms you're offered, a full credit check will be carried out.

Top Tips for Repaying Bad Credit Payday Lenders

If you have borrowed from bad credit payday lenders or are considering doing so then it is worth thinking hard about how you will repay the debt. Many bad credit payday lenders will organise the loan so that you repay it in one lump sum. This means that you will need to be ready as you will have a big chunk of money to find. Below on some tips which should help:

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Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

  • – Be prepared – it is really wise to make sure that you are well prepared for the repayment that you need to make. It is best to make sure that you are aware of the amount that you need to repay. You should find that the lender will make it clear, when you apply, how much you will be expected to repay and when and they should set up a direct debit for that amount in order to make sure that you do repay it. It is important to keep that figure in mine because you will need this much money available to pay the loan and you will be this much money short the month that you repay it as well.
  • – Check your income level – it is a good idea to check out how much income you expect to receive that month. Think about what you normally get paid and whether you expect the get the same amount, less or more. It might be that you always get exactly the same, but for some people, their income is never exactly the same and so it is good to find out what it will be so that you know if you will have enough to cover the loan.
  • – Check direct debits
  • – it is a good idea to be aware of what direct debits you have coming out. Firstly this will give you a chance to check if the one for the loan repayment has been set up properly (assuming you have already taken out a loan). You will want to make sure that there will be enough money to cover that repayment and know what other payments are also due to go out so that you can make sure that there will be enough money to cover all of the payments.

  • – Set a budget – once you have checked your income and direct debits you will know what money you will have left for other things. It can be wise to set a budget so that you know what you have available to spend. You can calculate how much you have to spend each day or each week, whichever is easier for you.
  • – Watch all spending – it is wise to be really careful with all spending that you are doing. Think about every purchase and whether you really need to buy those items or if you can wait. If you do need them, think about whether you can find them cheaper somewhere else. Although value for money is usually very important, when you are really watching your spending, it may be best just to go for cheap until you can afford to spend a bit more.
  • – Look for opportunities to earn more – it is always good to see whether there are any opportunities to get some extra money. There could be all sorts of things that you could do from taking on overtime at work to picking up coins from the ground. Looking online for some chances to earn some money can be really great as well. Think about whether you have any spare time and what you might be able to do in that time in order to earn some extra money. There are opportunities online and offline that you could look in to.
  • – Prioritise loan repayments and paying for necessities – it is so important to just make sure that whatever you are doing, you will make sure that your prioritise loan repayments and having enough money to pay for necessities. This is so important that it should prioritise everything and then you will have a much better chance of being able to repay the loan and manage afterwards.