The Very Best Loans with Loantra

Short-Term Loans

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*Online decision

*Responsible lenders

*Rates from 278% to 1576%

*3-12 month repayment

Personal Loans

Apply Today to Borrow up to £25,000

*Instant Decision

*60-Second Application Form

*Rates from 4.7% to 278%

*3-36 month repayment

What Loantra can do for You

Direct Lenders for Bad Credit Loans

Going through direct lenders for bad credit loans could be more beneficial for you and possibly get you a better deal on your bad credit loan. Not only is this way more personal, but you could also cut out the middle man and not have to pay inflated fees which go to the higher power behind your loan. We all go through a financial rough patch at one point or another in our lives, and sometimes, this can result in us getting a bad credit score. While the banks won’t want to do business with someone who has a bad credit score, there are lenders who specialize in bad credit loans.

What Are Direct Lenders for Bad Credit Loans?

Direct lenders for bad credit loans are lenders who issue loans to people with bad credit. Unlike the banks who will base your loan application predominately on your credit score, a bad credit loan lender instead bases your application on your income level. This means that your application is based on your ability to make the repayments and how much you can afford to repay at a time. You can even negotiate different repayment terms with your lender, and some will let you pay on a monthly basis too.

Your Guide to No Refusal Payday Loans in the UK

When you are faced with an unforeseen expense or emergency cash shortage, taking out a payday loan is one of the quickest and easiest solutions that you can consider. And the best part is, you can apply for a payday loan 100% online through your mobile device, via phone or text, and even though an app in just a few minutes.

When you shop for no refusal payday loans online, there are several search phrases that you can use. You can enter “UK payday loans”, “no refusal payday loans”, and just about any keyword search with payday loans attached to them. But if you want to ensure that your application enjoys the best approval chance possible, try looking for no refusal payday loans in the UK instead.

No Refusal Payday Loans in the UK

No refusal payday loans are basically short-term, unsecured types of loans that provide borrowers with the best chances of enjoying the kind of quick and convenient funding that they are looking for. While the lender will still conduct some form of evaluation on your application, it’s only to ensure that the loan is something that you can genuinely afford as mandated by the FCA or Financial Conduct Authority for responsible lending and borrowing practices.

So you can give yourself the best chances of landing an approval decision from a payday lender, make sure that you are completely aware of its terms and conditions and its basic eligibility requirements as well before you make an application.

The truth is, there is a wide array of short-term loans with different repayment features that you can choose from in the UK today. No refusal payday loans are one of the more popular financial products simply because they can offer a borrower with something that other loan’s simply cannot and that is unmatched speed, convenience, and ease.

No refusal payday loans are great financing products to consider because:

Superb financing solutions to emergency situations. When you become caught up in a temporary financial crisis, such as cash shortages, and taking out a loan is the only viable solution to tide you through until your next paycheck arrives, then the financial products can be a great option to consider.

Easy access. The no refusal payday loans options do not need any form of credit check whatsoever which means those with poor or none-existent credit histories can still be approved. As long as you are in the legal age of 18, are employed and enjoying a stable source of income, and have your own bank account, you can be eligible for the credit products.

Quick and convenient. Because you can take them out online, you will be relieving yourself from the normal hectic process involved in securing a traditional loan. You can accomplish an application for a payday loan online in a matter of minutes and receive a decision from your lender in an instant. And once you are approved, the money will be transferred into your bank account on the same day.

why opt for no refusal payday loans

No refusal payday loans for bad credit

If you are someone who has a poor or none-existent credit history, qualifying for a traditional loan would be near impossible. Fortunately, you can consider no refusal payday loans and their lenient lending criteria as viable alternatives to securing the funding that you need.

While there are no refusal payday loans lenders who will conduct credit checks to guarantee that the applicant will be able to meet the repayments, credit rating is typically not an important factor. In fact, the majority of lenders will cater credit requests from different kinds of borrowers including those that have inadequate credit histories, so long as they have a verifiable income source that is enough to afford the loan and its repayments.

But because there is no credit check involved, lenders will need to carry a significant amount of risk. After all, when a person’s credit history is not put into consideration, it would be difficult to gauge his or her tendencies and disposition when it comes to managing debts and completing payments. For this reason, don’t be surprised if your lender will charge you with higher interest rates as a means to compensate the extra risk involved in your application.

There are lenders who are willing to disregard your problematic history so long as you can offer some kind of asset as collateral. The collateral will serve as security on the part of the lender because when you default from your loan, they can simply seize the asset and sell it to recover theirs loses. Payday loans are unsecured forms of credit which mean there is no need to offer any kind of collateral to obtain them.

No Refusal payday loans online

You can successfully take out the type of loan online without breaking a sweat. Majority of companies will request a set of information from you which will give them an idea of what your present financial situation is, and this is something that is crucial to their lending decision. If they can see that you have the financial capacity to repay the loan, getting approved would be very likely.

It’s important to note, however, that even if you can prove to the lender that you are financially able to pay back the money that you owe them according to the agreed terms and conditions, there is no complete guarantee that you would be accepted. This is because every lender has its own unique criteria when it comes to lending loans to borrowers which means that you may be rejected from one lender and then become approved on the next. With that being said, try to know what the requirements are before you applying so you can give yourself the optimum chances of getting approved.

If you are shopping for a no refusal payday loan, going online is the more favourable route compared to brick-and-mortar lending stores and the like. For one, you don’t need to complete tons of paperwork when you apply online and receiving a decision is also a whole lot faster. What’s more, you can even apply anytime you want 24/7 as websites don’t have any opening and closing hours and days.

choose no refusal payday loans today


How Could I Ever Need to Get A Bad Credit Loan?

There are many reasons as to how someone can get a bad credit score, and it’s not always under circumstances that they can control. Take a look at this example below with John and how a series of events in his life led to him getting a bad credit score and a loan. John has a bad credit score because 4 years ago his former employer made him redundant. He became unemployed as a result and found the job market incredibly difficult to crack. Because of this, he needed to use his credit card to survive and unfortunately maxed out the limit in a few months. John did thankfully get a job, but his credit card went into arrears, and the debt got sold off to a collection agency for pennies in the dollar. John was getting hounded by this collection agency and refused to pay them because he believed the debt should rightfully be with the bank and not an agency. This doesn’t matter, as the bank is legally allowed to sell your debt and a collection agency can purchase it and seek its payment as the new owner. John never paid the agency, and his credit score kept getting worse as time progressed. He did, however, get a very nice promotion and now earns an above average income. He has a job in the government sector, and it’s a very safe position in addition to some great employee benefits. Unfortunately, John’s wife has had a terrible accident and requires some medical care. He has to front the bill now and pay for her treatment but doesn’t have any savings or get paid for a while. He can’t go back to the bank which sold his debt, so he tries another one and makes a loan application. They refuse him due to his bad credit score and tell him it doesn’t matter who he works for or how much he is making. Outraged at the treatment he has just received from the bank, John seeks out direct lenders for bad credit loans and finds a lender he wants to go through. He makes an application and supplies his identification and proof of income. The lender can see that John has a great job and is more than capable of making the loan repayments, so he approves John that same day and John gets access to much-needed funds.

See How We Compare to Our Competitors

Loan amount
£500 - £20,000
Loan term
12 - 60 Months
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£500 - £100,000
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1 - 18 Months
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Loantra is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

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)

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

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

5 most recent personal loan reviews

Review of Natwest

My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of U Switch

In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.

Review posted by Neil Morrison, Perth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga

Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.

Review posted by Anthony Bell, Chelmsford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.