Can I get a guaranteed payday loan?
If you are looking for guaranteed payday loans, you must be cautious. All FCA-licensed direct lenders must perform a credit check on your application, there is no such thing as a guaranteed payday loan. This means that if you see a lender claiming to guarantee you a loan, you should be aware that they are likely not a regulated lender – meaning you and your loan will not be protected should something go wrong. Whilst we cannot guarantee you will be accepted for a loan, we can ensure you that we will do everything possible to increase your chances – regardless of your credit score and credit history. Therefore, if you suffer from a bad credit score, we are confident that you stand a much better chance of being approved for a loan with us.
Why Choose Xav Loans?
Adaptable loans from friendly people
Can I get a payday loan with bad credit?
You may see some lenders claiming to offer guaranteed payday loans for bad credit in the UK. Targeting people worried that their poor credit scores may prevent them from getting the money they need; these loans can often seem too good to be true. This is because they are.
As we have shown, all licensed direct lenders in the UK must perform a credit check. As all the lenders we feature are fully authorised and regulated, we do not offer to find you guaranteed payday loans with no credit check. What we can do is give you an instant decision on your application without impacting your credit score as all of the lenders that we work with use soft search technology.
How much can my payday loan be for?
Payday loans are now available in a variety of shapes and sizes. This is because lenders have realised that traditional payday loans were unsuitable for many people. Our direct lenders will offer short-term loans from £100 up to £2,500. Wanting to make loans more accessible to more people, and to help them avoid false claims of guaranteed payday loans from some direct lenders, all the licensed-lenders we feature do everything they can to help people with bad credit.
Payday loans now feature longer repayment periods, often running from 3-months and upwards, the amount you can borrow has also increased. Therefore, whether it’s a short-term loan you want, or a longer, more traditional-length loan, there is now a huge selection of repayments plans from which you can choose from.