Site Builder


Informative information

Our site allows you to learn and become informed about all financial matters. Our guide allow you to pave the road ahead.


Quick and easy application

With a simple 2 minute application for you could be on the way to having the cash you need, at a rate thats fair to you.


Payments to your account instantly

OUr auto-payment system allows for speedy cash to your bank account. Typically our loans are paid our within 10 minutes.

5 ways of managing payday loans with bad credit

People who have poor credit rating and weak credit records in the United Kingdom are more often than not in dire need of extra money, over and above what they earn regularly. Getting a loan is not an easy situation for such people; they will always find it tough to find willing lenders to loan them the money when they have bad credit. Bad Credit Site in the UK is a credit broker who specialise in these types of payday loans. You can find them here.

Payday loans are perhaps the fastest option left for them when they need swift cash as such loans would also give them an opportunity of building up their credit status, again. Yet, they have to be careful even with payday loans as they can turn into debt traps as they spiral up and many people find it hard to get out of the habit of taking out payday loans regularly. It is better for borrowers to approach payday loans cautiously and with enough knowledge of the terms and conditions of how they can qualify for such loans, even with a bad credit status.

Here are five ways of managing payday loans with bad credit – 

All eligibility issues have to be identified, at first –

Before the borrowers proceed to apply for payday loans, they have to ensure that they are totally eligible for the loans and that they would be in a position to repay the loan amount on their next pay day. Rules for eligibility vary from one lender to another but there are common factors that help people even with a bad credit standing to qualify for such loans. It is wiser for all borrowers to understand these factors before they apply for payday loans.

Submit identity and residential proof –

You will be able to qualify for a payday loan even when you have a poor credit standing as long as you sow that you have a regular source of income. Before that, you have to submit your identity and your residential address proof. You have to be above eighteen years of age in order to qualify for a payday loan, regardless of your credit standing. You also have to show that you are a resident of the United Kingdom. The lenders require your residential address proof and your telephone contact details. You need to register your contact address. A valid email account would suffice. This account has to be checked by you every day and all information pertaining to the payday loan would be corresponded through this email account.

You have to show that you are actively employed –

You have to submit proof of active employment. This is to establish that you receive your salary or wages on a certain fixed day of a month. You may have to show salary stubs to prove a regular source of income from that place of employment.

You have to show to the payday lenders that you hold a valid bank account which has remained active at least in the past three months. Along with this savings account, you also have to show a copy of a valid debit card that you hold for this account.

Things will become easy for you if you can produce a guarantor or a co-signer for the lenders. The person does not necessarily have to be a member of your family or a friend. Anyone can guarantee your loan for you if you default at the time of repayment and there is no facility provided by the lenders of a rollover. Your co-signer has to be someone who knows your financial situation well and who has full trust in your own ability to repay your debts.

So, it does not matter to the payday lenders that you have a poor credit standing. You will still be able to manage that payday loan. You will not be regarded as a high risk customer as long as you have a steady job or a co-signer that you could bring forward.