Same Day Loans for Bad Credit
No matter how well you plan your finances, you cannot be on top of it, at all times. Everyone goes through financial pitfalls, and that is when you need a true friend. Money Pig is your trusted intermediary and a reliable friend that steers clear all the roadblocks by offering free loan introductions to lenders eager to lend same day loans for bad credit. So, when you are going through a tough situation and need funds quickly, we connect you to various licensed and ethical direct lenders, through a single loan application.
We know that there are always going to be times when you would want to borrow a quick loan. It could be to repair your car, or your HVAC, or to pay the bills that have piled up, over time. However, the bad credit score sticks to you like a black spot that repels banks and other premier financial lenders in the UK. The problem with banks and other leading financial institutions is that they do not lend money to those who have a bad credit score. So, if due to any reason your credit score has dropped and you need cash urgently, then consider borrowing one of Money Pig’s same day loans for bad credit.
Money Pig’s same day loans for bad credit | FAQs
- What are same day loans for bad credit?
- Who should borrow same day loans for bad credit?
- Does Money Pig offer same day loans for bad credit?
- What are the types of same day loans for bad credit?
- How do I apply for Money Pig’s same day loans for bad credit?
- What is the approval process for Money Pig’s same day loans for bad credit?
- Do you sanction same day loans for bad credit, on the very day of my application?
- Can I get Money Pig’s same day loans for bad credit on weekends?
- Does Money Pig offer same day loans without a credit check?
- Why are same day loans for bad credit considered to be dangerous?
- How much can I borrow through Money Pig’s same day loans for bad credit?
- Can Money Pig’s same day loans for bad credit help improve my credit score?
Same day loans for bad credit refer to unsecured short term loans that are advanced to individuals with poor credit score. The unique feature of this type of loan is that it is advanced on the same day. So, once you file your application, we immediately connect you with the most suitable lender. You can then borrow the type of same day loan for bad credit, which best suits your requirements. As all our direct lenders hold FCA licenses, they are as good as a bank that probably rejected your application for same day loans due to a bad credit score.
Although our direct lenders are highly respected in the financial services industry, they offer flexible repayment options which makes them much better than the traditional bank loans. Banks are fine as long as you have a good credit score, but trouble begins when you file a loan application, only to know that a bad credit card decision led to a decline in your credit score. From this very moment, the bank turns down your loan application. This explains how seemingly harmless wrong choices such as picking the wrong credit card can manifest into one of the biggest hurdles in your progress.
So, if you are denied a payday loan or cash advance, then don’t let that disappoint you. Our same day loans for bad credit opens the gate to several opportunities, some of which you have not yet heard of. We consider it our duty to inform you that most of our same day loans for bad credit are short term loans that you can borrow for a period ranging between 3 and 36 months. Our direct lenders don’t mind advancing up to £2000 and in some cases up to £5000 on the same day. As we design our same day loans for bad credit, solely to address the requirements of those with bad credit history, you need not bother about rejection.
If your relationship with your bank has turned sour over a loan application rejection, we know how terrible that feels. It is ridiculous that they do not take into account several years of relationship with you and refuse a loan solely due to a bad credit score, which can happen due to many reasons. So, if you are struggling to have your loan sanctioned due to a bad credit score, then you can rely on Money Pig, one of the most trusted intermediaries in the UK. We bring together several lenders willing to lend you a loan on the same day. So, if you are stuck in an awful situation and your bad credit is making things worse, then our same day loans for bad credit can help you get out of the financial turmoil.
Regardless of your needs, we have a same day loan, which would be perfect for your needs. When you explore instant loan options, you come across several lenders claiming to sanction your loan within a couple of hours. What these lenders don’t want you to know is that their clocks begin to tick only after the ‘loan processing period’ is over, which may not be on the same day when you put in your application. However, Money Pig chooses to be more transparent and we do the best we can to allow you quick access to the funds, on the same day.
Yes, same day loans for bad credit are one of our most sought-after loan categories. Over the years, we have provided various types of same day loans despite bad credit, to thousands of individuals struggling to make ends meet. If you are currently in that tight spot, then all you need to do is fill in and submit an application for same day loans for bad credit. These same day loans help you overcome financial stress, which provides you ample opportunity to rebuild your financial credibility.
Money Pig offers several same day loans for bad credit, which include unsecured short term loans such as Payday loans, Cash Advance Loans, and Short term loan for students, which are sanctioned on the same day. Our lenders would be willing to advance these loans to those with bad credit history and can release the funds on the same day.
Payday loans for bad credit is by far one of our most popular same day loans for bad credit. To qualify for this type of same day loan for bad credit, you need to have a UK bank account, must be employed in the UK, and receive your paychecks through your UK bank account. Most importantly, you must have completed 18 years of age and must be a UK Citizen, which makes you competent to enter into a legally binding loan agreement in the UK. A word of caution! We strongly advise you to explore all other alternatives before choosing this type of same day loan for bad credit. Payday loans usually come with high APRs, which can land you in trouble.
If you are a student struggling to manage your expenses, then borrowing becomes quite a hurdle without a full-time job. Despite all of that, you need to support yourself and pay for car repairs, study furniture or a camera for your projects. We know how stressful that can be. More so, if you do not have a relative or a friend to financially support you. Things only get worse when you are spending more time digging into your books in the library and can’t pull out enough time for a part-time job. If you are stuck in such a situation and are pursuing your full-time education, then consider borrowing our short term loans for students.
Once you receive the loan amount, you can use it however you wish to, without any restrictions. As we release the funds on the very day of your application, we categorize this type of loan under same day loans. Bad credit may not be a problem for those who haven’t taken breaks while pursuing their education. However, if you did take a break after school and pursued a full-time job and messed up your finances, then no worries. We can still help you with same day loans for bad credit.
Applying for Money Pig’s same day loans for bad credit is as simple as it can get. By navigating to our loan application for same day loans for bad credit, you can complete the application process and submit your application within minutes. However, you must fulfill the eligibility criteria for our same day loans for bad credit, which requires you to be a UK citizen who is a Major. So, you must have completed 18 years of age and must have steady income streams that allow you to repay the loan amount within the proposed repayment period. Besides that, there is nothing that you need to worry about as most of our direct lenders offer extremely convenient and flexible terms and conditions on our same day loans for bad credit.
We have designed a quick and steadfast application processing mechanism for same day loans for bad credit. Since customers seeking this type of loan do not have much time to scrutinize offers, we do it for them. Also, by framing certain internal guidelines for our network of direct lenders, we simplify the loan approval process. All our direct lenders follow our guidelines and make it a point to minimize formalities for those seeking our same day loans for bad credit. As we have all the details about your requirements (which you mention in the application form), we start pulling out offers as soon as we receive your application.
To do this, we compare the two and pull out the most feasible same day loans for bad credit. Since this initial offer is a no-obligation quote, you are free to accept or reject it. At this point, we would like to stress the fact that we do not charge any type of fee from our customers. So, don’t think twice before applying to us. Also, since we are an intermediary, any rejection until this phase does not lower your credit score.
So, the only formality involved in the approval of your same day loans for bad credit is the soft credit check, which gives our lenders a quick glimpse into your finances. If you do not know what a soft credit check is, then it is a type of credit check that provides quick and useful insights to the lender. Basically, it allows the lender to see your financial records just the way you see them. That puts the lender at ease because a quick glimpse of your financial records confirms or negates your ability to repay the loan. This information allows the direct lender to make the right business decision. On your part, a soft credit check saves you from the after-effects of rejection that follow in cases of hard credit checks.
Once satisfied, the concerned direct lender makes an offer, discusses the terms and conditions of the loan agreement and sanctions it after reaching a consensus. During this phase, you must clearly sort out commercial clauses such as interest rate, the basis for the calculation of the interest rate, auto-renewal, and also the consequences of delayed payments or defaults.
Yes, we are aware that if you are looking up for same-day loans with bad credit, then you are struggling to pay your bills and need some quick relief. We know that borrowing a quick loan can be problematic, especially when you are not on the top of your finances. This could be a result of choosing the wrong credit card, identity theft or the economic slowdown that caused a couple of unintended delayed payments in the past. Bad credit scores deprive you of several perks, which includes quick loan approval by premier banks, and therefore we bring you workable solutions through our network of direct lenders.
So, while admitting a partner direct lender, we make it a point to include only those who are not just willing to advance loans to those with good and average credit scores, but also to those with bad and poor credit scores. After all, there’s no sense in penalizing you for long, only for an unintentional mistake that may have lowered your credit score. To prevent your credit score from plummeting, we design a loan approval process that involves only soft credit checks. By minimizing the formalities and making the entire process of approving same day loans with bad credit easier, Money Pig ensures that the funds are released to the applicant on the same day.
Yes, Money Pig does have some direct lenders within its network, who wouldn’t have any problems sanctioning a same day loan for bad credit, on a weekend or even on a public holiday. We completely understand that there is no way you can control sudden expenses – nobody can — so we offer same day loans for bad credit, throughout the year. So, you can apply on any day and get the same day loan for bad credit, on that very day.
Our Same day loans for bad credit scores are often dubbed as same day loans without a credit check. That’s because most people looking for loans without credit checks are the ones with bad credit scores. So, if that was on your mind then there is little that you need to be afraid of. Money Pig’s lenders offer same day loans for bad credit, after a soft credit check. Doing this does not harm your credit scores in any way.
We are also aware of the security concerns that surround the financial services industry in this cyber age. Therefore, we do all that we can to remain as lenient as possible, to those struggling with bad credit scores. We completely understand that it is almost impossible to safeguard your financial and personally identifiable details. In fact, identity thefts linked to cybercrime is one of the top reasons for low credit scores.
Moreover, there is no other legitimate option in the UK, other than minimizing the formalities involved in the loan approval process. We cannot eliminate credit checks entirely — in fact, no one else can do that either because the FCA requires all direct lenders to run credit checks before lending any type of loans in the UK. As Money Pig is only a financial intermediary and not a direct lender, we do not run any type of credit checks, neither hard nor soft. That part is taken care of by our direct lenders, after taking into account our customer-centric guidelines.
Although same day loans for bad credit help you sail through the tough times, these loans also have their downsides. The first and foremost concern with this type of loan is the high-interest rates that come with it. So, unless you are stuck in a serious financial crisis and need money right away, we recommend that you stay away from this type of loan.
Most people are tempted to borrow same day loans for bad credit, just to spend time in a forest cabin on a long weekend. Since same day loans for bad credit provides quick and easy access to funds, people borrow it randomly. This can lead to a financial crisis if you cannot repay the loans for a longer duration as the interest rates can be tricky to calculate. So, before you opt for the same day loan for bad credit, do ask yourself a couple of questions. Analyze if you must really borrow it or wait until paycheck. Also think of all the people you can borrow a quick loan from — friends, family, colleagues, neighbors, etc… If you really cannot think of someone willing to lend you a quick loan, then we are always here to help.
However, each of our direct lenders has a unique set of requirements and varying commercial clauses in their individual loan agreement. So, make it a point to confirm that before entering into an agreement. Finally, we advise you to borrow same day loans for bad credit, only when you can promptly repay it. Always remember that your lender may offer auto-renewal in case of non-payment, but you need to avoid that. Auto-renewal and extension of repayment period can pile up the interest that you pay on your loans.
You can borrow anywhere between £50 and £5000, depending on your income sources and the repayment period that you opt for. However, stick to borrowing as little as possible, because by limiting your borrowing, you avoid paying high interest rates, which is calculated on the principal amount that you borrow.
Although our direct lenders report all your repayments to the credit reference agencies, we recommend choosing our long term loans to improve your credit score. As our same day loans for bad credit are advanced for a shorter period, these may not be as effective as our long term loans.