Payday Loans from a Direct Lender

Pay day loans are small, unsecured loans that are lent at a high rate of interest over a short period of time, with both the principal and interest repaid on a single repayment date, usually the borrower’s salary day. The average payday loan in the UK is £270 for 30 days. Payday loans are designed for emergency use only, and should never be used to try and solve a long term money problem.

A direct lender processes your application and gives you money directly. In contrast, when you submit your application form to a broker, they sell it to direct lenders. They may even charge a fee for this. The company that bought your application will then decide whether or not to lend to you. Our opinion: Borrow money online from a direct lender only. Not a broker.

Lots of people ask us about getting no credit check loans with guaranteed approval. While this may sound tempting, payday loans in the UK with no credit check are not a valid option. Please keep in mind that any FCA authorised lender in the UK will perform a basic credit check. Don’t let a bad credit score keep you away from reputable lenders.

Yes, you can. Cashfloat is a bad credit direct lender that is fully authorised and regulated by the UK’s Financial Conduct Authority. Although some lenders will not approve people with poor credit unless they have a guarantor, our brand new technology makes instant loans accessible online for more people in the UK, no matter what their credit score! Apply today for your bad credit payday loan!

‘Guaranteed payday loan’ is a term that usually implies that you would need a guarantor to secure your payday UK loan. Cashfloat is an unsecured loan direct lender. We have high acceptance rates and we get you an instant decision loan without a guarantor. As an FCA authorised lender, we cannot guarantee to approve your loan.

With our new easy start option, we provide lower APR payday loans for people with bad credit. This makes the payday loan cheaper and more affordable. Other lenders might offer more expensive loans to people with poor credit to lower the risk that they might not repay. But at Cashfloat, if we see you can afford the loan repayments, we will be happy to provide you with a cheaper payday loan no matter your credit score.

The application process for payday loans UK direct will depend on the lender you choose. This is how the loan application process works here at Cashfloat – and it only takes a couple of minutes.

• Tell us a few simple details about where you live, your work, and your living expenses.
• Enter your bank details so we can run several credit and affordability checks.
• You will get an instant decision regarding your loan status.
• If approved, you will be funded the money within an hour.

Cashfloat’s affordable paydayloans have a high acceptance rate for customers with all types of credit. However, since every applicant’s circumstances are different, our loans may not be the right fit for everyone. We are committed to lending responsibly, so we can’t guarantee 100% acceptance – but if you need a payday loan today, fill out our easy application form, and you’ll get an instant decision from our underwriting team.

In order to apply for a Cashfloat loan, you need to:

• Be a UK resident
• Be over 18 years old
• Have a UK bank account
• Have a steady source of income (employment, benefits, pension, etc.)

As a responsible lender, we want to ensure you can afford the loan before funding it, which is why we’ll base your payday loan eligibility on an affordability assessment. As long as you meet the basic requirements above and our affordability criteria, you don’t need a loan eligibility checker to see if you qualify for a Cashfloat payday loan.

With Cashfloat, once you complete our 3 minute application form you can get an instant decision and same day funding if approved. Although many people who apply for instant payday loans assume that they will receive their money straight away, all responsible lenders will need to perform some checks. As a trustworthy lender, we will always carry out the necessary credit and affordability checks before we approve a loan request.

At Cashfloat, we understand that life is messy and unpredictable. If you can’t make a repayment, it’s tempting to hide from your creditors. If it does happen that you are unable to pay your loan back, don’t worry! Just give us a call and one of our friendly representatives will help you set up a manageable repayment plan!

Treating customers fairly is one of our biggest priorities and we will make every effort to ensure you are happy with your new arrangement. Remember, even if you miss a payment we will never charge you more than originally agreed in your contract.

When you need that payday loan urgently, it’s frustrating to have your loan declined again and again. Often, it can be simple to fix the problem of why your loan was declined. For example, your loan application may be declined because of errors in your credit report, or it may be there is some information missing on the application form. Whatever the reason is for your loan decline, it is usually easy to fix.