There are plenty of occasions when being able to borrow money from a bank or a lender can really help people. Sudden expenses can crop up at difficult times, for example. You might need to pay an unexpected bill or have to replace something important that’s been lost. If you need to make an urgent payment, but you don’t have the funds, then being able to borrow money can be really useful.

However, actually getting hold of a loan can sometimes be difficult. Sometimes, people find that most lenders just won’t accept their application. People with a poor credit score, for example, often find it’s hard to get accepted for a loan.

High acceptance loans are designed to make things easier for people who find it difficult to get a loan, whether this is because they have a poor credit score or for another reason. As the name implies, high acceptance loans are just loans that have a higher than average acceptance rate. Not only do they make it easier for people to get hold of cash when they’re in a financial emergency, but they also take a lot of stress out of the application process.

This page will tell you all you need to know about high acceptance loans. Cashfloat are a trusted, UK based direct lender. We provide high acceptance loans, we give fast loan payouts, and our loans are ideal for people with a poor credit score.

How do high acceptance loans work?

Lenders who offer high acceptance loans give people who otherwise wouldn’t get a loan a chance of getting one.

High approval rates really help some people. However, while high acceptance rates help, some caution is needed. Responsible lenders will never offer 100% approval rate loans or loans with guaranteed approval. You should steer clear of lenders that offer these kinds of loans. Even if they have high acceptance rates, responsible lenders still need to do a credit check for every applicant. As such, they’ll never be able to completely guarantee approval.

Credit checks are required in the UK by the Financial Conduct Authority (FCA), and they’re a basic part of responsible lending. Whenever you apply for a loan, the bank or other lender that you apply to should use your credit score and the information in your credit file. They need it to help them make a decision about whether to lend to you or not.

Responsible high acceptance lenders, like Cashfloat, just take other things into account when they make a lending decision. These lenders look beyond a person’s credit score and credit history. If they believe that someone can afford to repay a loan despite having a poor credit score, then they’ll fund one. After all, if someone can afford to repay a loan, they should be able to take one out.

At Cashfloat, we perform credit checks, but we also look very closely at a person’s current financial situation when we make a lending decision. We assess people’s affordability by looking at things like their income, their household expenses and the number of dependents they have. If someone can show they’ve got enough cash to repay a loan, then we’ll be likely to fund one. That’s even if they’ve got a bad credit score.

Why are high acceptance payday loans so popular?

So what exactly are the reasons people have for taking out high acceptance payday loans? Well, there are plenty of benefits that come with high acceptance payday loans. Let’s take a look at why people like to borrow money with these loans:

  • They have high acceptance rates

    The first and most obvious benefit of this type of loan is the high acceptance rates. Alternatives, like personal loans from regular banks, have low to average acceptance rates. Lots of applicants are rejected and for various reasons. Having a low credit score is a common reason for rejection, with other reasons being a low income or having a high debt to income ratio. With a high acceptance loan, you’ll have a good chance of having your application approved.


  • They are quick and easy with less stress

    The high acceptance rates for these loans means they’re also much less stressful for people when they apply. Because acceptance rates are higher, you can have much more confidence after you submit an application. If you meet the basic requirements and you’ve got enough money to make monthly payments, then there’s a good chance you’ll be accepted. You can apply with confidence and peace of mind.

  • They can help improve your credit score

    Often, people with a bad credit score want to try and improve it by taking out a loan and then repaying it on time. Applying for and then paying off a high acceptance rate loan can be a great way to build your credit score. Having a higher credit score will then put you in a better financial position in the future. You’ll find it easier to be approved for future loans and other types of credit. Again, this will lead to less stress and a better future financial situation.

  • They’re highly versatile

    Another benefit of short term loans with high acceptance rates is that they’re highly versatile. You can borrow a wide range of amounts, and you’re free to use the money as you need. You should only use a payday loan for a financial emergency, but this can be for anything from medical expenses to paying unexpected utility bills. It’s completely up to you how to use the money, as long as you repay it on time.


Can I get a high acceptance loan with a bad credit score?

Yes, high acceptance rate loans are great for people with poor credit scores. If you’ve got a low credit score, it’s perfectly possible that you’ll be approved for a high acceptance loan. In fact, these loans are designed specifically for people with bad credit scores or other reasons they find it hard to get a loan.

Are high acceptance loans secured or unsecured?

High acceptance loans are typically unsecured. So you won’t need to risk any of your own property or possessions as collateral when you apply for one of these loans. They also don’t normally need a guarantor, meaning you won’t have to find someone to co-sign for your loan either.

How can I get approved for a high acceptance loan?

The most important thing is that you can show you have enough income to be able to make repayments on your loan. Other things that will help are having a low debt to income ratio, not trying to borrow too much, providing all the information the lender asks for and having a stable employment history.

What are high acceptance loans?

High acceptance loans are just loans that have a high application acceptance rate! If you apply for a high acceptance rate loan, there’s more chance you’ll get hold of the funds you’re after.

High acceptance loans are popular with people with bad credit scores because these people often struggle to get accepted by other lenders. Banks, for example, often won’t provide personal loans to people with poor credit scores. High acceptance loans can help people with a poor credit score who end up in a difficult financial situation. A short term loan, for example, can help them get the cash they need for expenses like car repairs, emergency travel costs or appliance repairs.

Representative example

Total amount of credit: £700
Duration of the agreement: 6 months
Repayment total: £1,179.05
Interest is Fixed at a rate of 185.39% per year | Representative 611.74% APR
Instalment 1
Instalments 2 — 5
Instalment 6