Last Updated on
It sounds like a dream when you're looking to borrow money... but is it really possible to get a no refusal loan from a direct lender in the UK? The answer sadly is no.. but don't let that discourage you from applying. There isn't a single UK lender of institution that is in a position to guarantee you a loan without first carrying out affordability and credit checks first, and while that can be a sticking point for many applicants, Payday loans can often help where other loans can't. By going to a private lender for a relatively small sum of £50 - £2500 there is an increased likelihood of being accepted so you can get the money you need.
So even though there is technically no such thing as a guaranteed payday loan, there are private lenders which have high acceptance rates and will genuinely consider all credit scores. These are the lenders that Cash Comet connect applicants with every single day.
There are 3 main takeaways regarding payday loans:
As far as applying for a payday loan, they work very much in the same way as traditional lending. You need to apply (either online or via a physical application form) and provide some basic details about you, your financial position and your address. There are many lenders that allow you to carry out this process online, and can even transfer you the money on the same day.
The loan company should tell you the sad news after you got turned down for a loan seeing the result of your credit reference file. They must also inform you about the credit reference agency they used. What you can do next is approach the credit reference agency to ask for a copy of your file. You can also ask the lender why they refused you including the information they used for turning down your loan application. However, it is not their obligation to give you a detailed explanation. In the event that you spot a mistake in your credit file, write to the credit reference agency and ask for them to correct it. Simply explain why it’s wrong, and include any evidence you have. Normally, the agency has 28 days to act. The relevant detail in your credit report will be marked as ‘disputed’ while they investigate it.
On of the reasons why pay day (or wage day) loans have dramatically increased in popularity is because they are perhaps the most convenient of the lending options, and can also be fairly tolerant to those with less than perfect credit histories. Typically, those who apply are:
It's unfortunate that these loans have developed a poor reputation of recent due to unscrupulous lenders charging extortionate rates to those who clearly couldn't afford the repayments. In actual fact, they are heavily regulated, and by using the Cash Comet website you can be sure that you are only connected with reputable, legitimate UK direct lenders. We can also ensure you get the very best deal for your own personal circumstances, not a cookie-cutter lending option. What's more, all lenders will be fully authorised by the FCA for added peace of mind.
Due to the majority of applications being carried out online, payday loans are very quick... in many cases the money can actually be transferred to your account in a matter of hours. There are of course variations when it comes to your choice of lender, loan amount and any checks that may need to be carried out. Often the best time to apply for a payday loan online is at the start of the week when the weekend applications are already processed. So if you're in need of some fast cash to pay some bills or expenses then apply online today to see the best options available to you.
Though no-one can guarantee you a loan, by using the Cash Comet website you are guaranteed to be connected to reputable UK direct lenders who will consider all credit history when assessing your application and are less likely to refuse. What's more, the lender son our network are fast... meaning you can get your cash advance quickly to deal with whatever expenses life throws your way. Application is safe and secure online, and takes just a minute to complete.
This option is being offered by most lenders but isn't guaranteed to all. This still depends on how consistent you are with payments and if you can strike a negotiation with your lender.
Bad credit score?
Poor credit considered
CCJs / Arrears
Worried about approval?
1 minute application
Loans this week
Mr. R, Winchester
Ms. A, Canterbury
Mr. O, Wakefield
Mr. U, Glasgow
Mrs. I, Bangor
News Discover new lenders and loan offers this July, request a free quote!