Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
To apply for a loan with My Payday loan Broker, simply complete our online application with your total loan amount and some personal information.
We’ll connect you with the best lender for your circumstances from our network of lenders.
You’ll be required to complete a similar application form with them and if approved the money may be transferred into your account the same day.
The repayments will come out of your bank account automatically on the day/s agreed.
Yes - there are some lenders who offer bad credit loans. Bad credit payday loans are designed to help those with a poor credit report get access to money for emergency situations. They can also help you build up your credit history if you pay back early or on time.
There are a variety of reasons why you may have a poor credit score. Missed or late payments on any credit commitments stay on your credit file for six years - meaning mistakes made several years ago could impact your ability to take out loans today. You may also suffer from a poor credit score if you have a “thin credit file” - this is when you haven’t previously taken out much (or any) credit. Having a thin credit file means lenders aren’t able to assess your creditworthiness as there isn’t enough information in your credit history to see how you handle credit.
We only work with lenders who practise responsible lending and don’t offer payday loans with no credit check. We understand during difficult times no credit check loan can be tempting however they typically come with high-interest rates.
Payday loans or short term loans are small cash advances that are intended to cover unforeseen circumstances until your next payday. Short term loans and payday loans generally range from between £100 and £2,000, depending on the particular lender and your own affordability to pay back the loan.
We work with a number of reputable short term lenders such as PiggyBank to find the best solution for you. The interest rates may seem high compared with other credit options, as they are displayed as an annual interest rate. However you will typically pay back £24 for every £100 borrowed.
Payday loans and short term loans can be a lot cheaper than unauthorised bank charges so they may be a better option than going overdrawn. In some circumstances a lender may need to speak to the applicant and the guarantor (if applicable) during the application process.
My Payday Loan Broker is a trading name of Leadtree Global Limited which is Authorised and regulated by the Financial Conduct Authority reference number 728649. Registered in England No. 08526321.
Leadtree Global Limited, 28 Avenue Road, Bournemouth, Dorset, BH2 5SL.
Registered with the Information Commissioner's Office No. ZA029756.
My Payday Loan Broker is a solution service provider for people looking for short term and payday loans. We utilise a panel of lenders to try and find you payday and short term loans. A payday or short term loan could help you solve temporary cash flow problems or for an unforeseen expense, avoiding costly overdrafts and bounced-cheque fees. Payday and short term loans should not be used as a long term credit solution. Applicants must be UK residents over 18 years of age and employed.
Short term loans could be a great solution to cover an unforeseen expense, like a bill or a problem with a car, or can be used as a short term buffer until your next payday. Just complete our no-obligation application form. If accepted you will be asked to complete your application with the lender and if you are approved you could have the funds in your bank account within an hour of the application form being completed. In some cases the lender may require further information from you, such as a payslip or a bank statement and this may delay your application.
Before you take out a Payday or Short Term loan, you need to ask yourself whether borrowing money is the right thing for you. If you can cut down on your spending or put off buying something until you’ve saved for it, do that. If you are borrowing money to make repayments on other loans and debts, you may be in a vicious circle and it might not be the best thing to do. If you think you need help with your debts, you can contact the Step Change Debt Charity service at www.stepchange.org who will provide free and impartial advice.
