What are High Acceptance Payday Loans?
High Acceptance payday loans are short-term loans issued to borrowers regardless of what their credit history says. It is centered on the urgency at hand and the willingness and capability of borrowers to pay back what they owe. It is usually paid back in instalments from the next payday.
PaydayLoansUK promises to provide a way out in a financial storm where you have nowhere to turn to. With our wealth of direct lenders, there is surely a guarantee to get you across to the right lender for you.
Our partner lenders have a high acceptance rate for borrowers as they would love to give everyone a fair chance to ease their financial burden. The application process is pretty easy to follow through and needs no prior knowledge about loans or how to go about applying for one.
How Do High Acceptance Loans Work?
Taking out high acceptance loans through PaydayLoansUK is simplified and fast.
Fill out and submit a short form
You will be required to fill out a form on the PaydayLoansUK application portal platform, where you are to provide personal information and relevant financial information that will help us link you to direct lenders whose loan offers are tailored to suit your loan needs.
Accept the ideal offer for you
After submitting the form, you will be linked to various lenders who will present you with their loan offers. You need to carefully go through these offers and choose the one you're most comfortable upholding.
Seal the agreement
When you have chosen the best offer for you, you must sign it to make the agreement formal and officially recognized as a contractual agreement. Signing can be done online via a secure and safe process. The entire process and details about the loan remain private and stay between you and the direct lender.
Get paid!
Finally, the lender will credit your account with the loan amount. You should have access to the funds in a very short time.
When due, paying back the loan improves your chances of obtaining another credit opportunity later. Also, it boosts your credit score and overall creditworthiness.
Want to Get a Loan?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Why Should You Apply for High Acceptance Loans for Bad Credit?
High acceptance rates
Getting rejected by lenders does not only mentally frustrate you, but can put your credit profile in jeopardy as well. Each lender will likely run a credit check on you to see if you are creditworthy or not. These checks (hard inquiries) can reduce your credit score by a few points. Imagine what multiple hard checks by different lenders - who eventually do not approve you for a loan - can do. We reduce the chances of this happening by connecting you with lenders who have a proven track record of approving people for loans when they meet the most basic eligibility requirements.
Accept bad credit
Bad credit would normally put you in a bad position as far as loans are concerned. PaydayLoansUK however helps you secure loans by connecting you with bad credit loan lenders. These lenders have high acceptance rates and so should approve you once you meet the basic eligibility requirements.
Quick and easy
Acquiring our payday loans is very easy and quick. Processing funds disbursement can take as low as 15 minutes all in time to help sort out any emergency. The entire application process is also done online and is pretty easy to get through.
Improve your credit score
You have a fair chance of improving your credit score by a few points when you get a loan through PaydayLoansUK. Obtaining a low and paying it back on time is a sign you can be responsible with credit. To ensure this reflects in your credit report via credit score, our lenders report this to the biggest credit reporting agencies.
Highly versatile
We have lenders lined up to provide funding. Once you have your money, you can attend to your needs, whether they be personal or business needs.Our loans are not restricted to satisfying some specific kinds of needs or emergencies. You can get any of your needs sorted out once you get funded. We trust your decisions and believe you are creditworthy.
Can I Get High Acceptance Payday Loans with Poor Credit?
Getting a high acceptance payday loan with poor credit is just ideal. Many borrowers with poor credit ratings are most often denied access to a loan based on their poor credit ratings.
Issuing out high acceptance loans is based on a stable income and good enough spending history. This will give the lenders the confidence to know you're capable of repayments.
At PaydayLoansUK, we offer high acceptance loans from our direct lenders with 98% approval to show for it. It is almost certain that you will be granted access to funding upon application. That said, there are basic requirements you must meet to be eligible for high acceptance loans. However, these requirements are largely easy to meet.
How Does Payday Loans UK Compare?
 | Why Use Us? | |
|---|---|---|
| What is the maximum amount I can borrow? | Up to £5000 | Instant approval |
| Will I be considered if I have bad credit? | Yes | Bad Credit Considered |
| Interest rates (variable) | 49.7% | Zero paperwork |
| Loan repayment terms | 1-36 months | Flexible repayment |
| Will I be credit checked? | Yes | Will perform credit checks as for financial regulations |
| How do I apply? | Apply online | Simple application form |
Are High Acceptance Loans Secured?
High acceptance loans are typically unsecured loans. Unsecured loans are loans that do not require one to put up any asset as collateral.
Direct lenders are more concerned with the ability of the borrower to repay their loans when due than whether they have collateral or not. That said, having collateral can help you secure higher loan amounts.
What Can I Do to Improve My Chances of Acceptance?
Certain requirements must be met to boost your chances of getting your loan approved. Asides from being a resident in the UK and of legal age, these requirements include:
- Access to an active bank account in the UK through which you can receive the funds.
- It would help if you were gainfully employed with monthly earnings of not less than £500.
- You must provide useful information like your email address and mobile number.
- Lastly, you will stand a better chance if you have no criminal or fraudulent records to your name.
Satisfying the above requirements will give the direct lenders the confidence to disburse funds. There will be no need to fret, as you can rest assured that your loan application will be approved.
Getting a loan is easy
Apply NowFAQs (Frequently Asked Questions)
Are funds available on the same day?
Yes, small loan amounts can be issued on the same day. Once the loan is approved, funding can be processed in a few minutes or hours as the case may be. However, loans on such quick notice might come with higher interest rates.
How much can I borrow?
Through PaydayLoansUK, you can get a loan for as much as £5k and as low as £50. It all depends on your needs.
Can I get the loans with no credit check?
Direct lenders have an ethical and legal responsibility to conduct credit checks on customers. You should therefore be wary of lenders who promise you a loan with no credit check. To cushion the effects of credit checks, our partner lenders conduct only soft credit checks. Soft credit checks are as good as zero credit checks as they leave no footprints on your credit report.
