Bad Credit Payday Loans

  • Get a bad credit payday loan, even with a low credit score
  • Easy approval
  • Speedy funding
  • Flexible repayment terms
  • Transparent and simple application process
  • No hidden fees
  • Reliable customer support

Create your loan

Monthly repayment
Total repayable
Repaid over

Example is indicative of repayments starting on the

Signed agreements are usually paid out within 3 hours.

Representative Example
Loan repayable over 18 Months
17 Months at
Final payment
Rate of interest
59.97% p.a. (fixed)
79.5% APR
Total amount repayable

Are you struggling to deal with a sudden financial emergency? Are you having trouble finding a payday loan for bad credit, that’s right for you? Don’t worry, you’re not alone.

Millions of people in the UK are currently facing similar financial difficulties. We all require assistance from time to time. That’s where our More Than Your Score Loans come in.

At Salad Money, we understand the drawbacks of bad credit and how it can prevent a person from seeking crucial support in trying times. That’s why, our bad credit payday loans are designed to help you get out of a difficult financial situation.

Providing a convenient and easy way to deal with immediate liquidity issues, our loans offer you the support you deserve, even if you have bad credit. With a simple loan application process, flexible repayment options and competitive interest rates, we have everything you need and more.

Regardless of whether it is an unexpected expense that’s left you struggling to make ends meet or a financial emergency, you can rest assured that we are here to help.

Learn more about our bad credit payday loans here and get in touch with us now!

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Key Facts

  • Salad Money is authorised and regulated by the FCA.
  • Only you can choose to share your data (you’ll be taken to your banking provider's site during the application process).
  • You can stop sharing your data at any time.
  • Open Banking is an FCA-regulated process.
  • Your banking data is protected in the same way as it is when you use your Internet banking.

What Even Is Bad Credit?

Most commonly used to describe a poor credit history, the term bad credit usually indicates a greater risk on the lender’s end during the borrowing process. The term is casually used in the industry to classify people into groups of lower creditworthiness. This stems from a system called the credit score system, which is used by several lenders as a metric that helps them decide the risk involved in a particular loan.

At Salad Money, we realise that life can be unpredictable and adversity can hit anyone at any time. That’s why, while offering you our More Than Your Score loans we don’t just consider your credit score but take various influencing factors into account. Committed to helping you deal with the drawbacks of bad credit head first and rebuild your credit history, we’ve got you covered.

Your credit score is calculated by companies based on a person’s credit history, defaults, outstanding debts, etc. If it has been observed from your credit history that you have been defaulting on loans, making late payments, etc, you may have a low credit score. This will likely affect your ability to get approved for loans, credit cards, etc.

However, the truth is that when it comes to evaluating a person’s creditworthiness, different companies do it using different methods. This means that while your credit history might be bad for some lenders when assessed from a different point of view, it may be good. That’s where Salad Money comes in. Specialising in offering fair and affordable loans to people with low credit scores, we use a unique affordability assessment method that is an alternative to credit scoring. Thus, offering you funds even when you’ve been turned down by traditional lenders.

Our More Than Your Score Loan was created to make lending fair to borrowers, allowing you to get the crucial support you need, when you need it.

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Women reads bank letter

What Are Bad Credit Payday Loans?

Bad credit payday loans are short to mid-term loans that are created to offer support to individuals struggling with a bad credit history. Most commonly used to deal with sudden financial emergencies, these loans provide quick and easy financing to people who are denied credit by traditional lenders.

As opposed to traditional loans, these loans offer smaller amounts of quick money for a comparatively shorter period of time. Usually until the borrower’s upcoming payday. The key feature of a payday loan for bad credit is that it allows individuals with a history of bad credit to access loans, however historically these loans haven’t always been fair and affordable. Salad money is changing that.

How Can a Bad Credit Payday Loan Help Me?

Used effectively, bad credit payday loans can help you rebuild your credit score and get your finances back under control. Providing you with urgent cash to deal with unexpected expenses like car repairs or home improvements, these loans help ease liquidity issues.

Furthermore, bad credit payday loans from direct lenders can be used to consolidate previous debt. Especially if you have multiple high-interest debts, these loans can help you simplify your repayments and also reduce the cost of debt. Thus, helping you improve your credit score and rebuild your credit history.

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How Can I Improve My Credit Score?

Your credit score can be an important aspect of your financial identity. Regardless of whether you still manage to get loans with a bad credit score, trying to improve it can only be beneficial.

However, millions struggle with their credit scores and fail to find the right ways to improve them. Although it can take time, there are a few actions you can take to make it better. Let us explore some tips to improve your credit score.

Pay your bills on time: Late payments can have a drastic negative impact on your credit score. That’s why paying your monthly loan repayments can be extremely beneficial to your credit score.

Pay off outstanding debt: By slowly paying off your outstanding debts, you can effectively improve your credit score. Try starting with smaller loans to close loans faster.

Assess Your Credit Report: Regularly assessing your credit report is an essential practice everyone should follow. This is important because possible errors in your credit report can affect your credit score without any fault of your own. By regularly reviewing your report and reporting the errors to the credit bureau, you can ensure that your credit report is always accurate.

Benefits of a Bad Credit Payday Loan

Dedicated to providing you with fair and affordable credit when you need it the most, bad credit payday loans can be extremely beneficial in times of distress. However, other than helping you manage your expenses efficiently, payday loans for bad credit also offer you a wide range of benefits. Let us discuss some of these benefits here:

Quick and Easy Process: Unlike most traditional loans, bad credit payday loans from a direct lender like Salad Money are much quicker and easier. From a smooth application process to a speedy fund transfer, these loans are especially beneficial when you are dealing with time-sensitive money issues. With a simple online application, funds can be transferred into your account within a few days.

Flexibility: Bad credit payday loans often come with greater flexibility in terms of loan repayment. Allowing borrowers to pick repayment terms that are convenient and affordable for them, these repayments can be styled to suit your budget. Moreover, you can also choose to try different repayment terms based on your financial situation.

Fast Cash: One of the biggest motives for taking a payday loan for bad credit is dealing with an emergency, and we realise that. That’s why, our team of professionals is dedicated to providing you with the support you need in as little as 24 hours.

Improves Your Credit Score: Unlike the myth that bad credit loans are bad for your credit score, the truth is completely the opposite. Not only do bad credit payday loans, when repaid successfully, not affect your credit score but they also help improve it. By working with an FCA-regulated lender, you can rest assured that your credit score is protected and safe.

Convenient: When it comes to applying for payday loans with a bad credit score, we realise how stressful it can be. That’s why we offer convenience and comfort with our simple online application process. Taking the stress out of the loan application process, we are committed to offering you hassle-free payday loans for bad credit.

Frequently Asked Questions on Bad Credit Payday Loans

Can I get a bad credit payday loan from a direct lender?

Yes, several direct lenders across the UK offer bad credit payday loans for competitive prices. Moreover, lenders like Salad Money specialise in offering financial relief to individuals with a history of bad credit in times of uncertainty. Thus, giving them the support they need along with a chance to build their credit score.

Do bad credit payday loans require a credit check?

While bad credit payday loans usually require a basic credit check, they are usually focused on affordability factors and not just your credit score. However, many lenders also offer payday loans with no credit check, depending upon the circumstances.

How much can I borrow with a bad credit payday loan?

When it comes to payday loans, the amount offered largely depends on the lender, your needs and your ability to repay. However, typically these loans range from £100 to £1,000.

What is the interest rate on bad credit payday loans?

Offering varied interest rates, bad credit payday loans are usually offered at a higher rate than traditional loans. However, this can differ from lender to lender according to your needs, credit history and the risk involved for the lender.

What is the repayment period for a bad credit payday loan?

At Salad Money, our loans can be repaid over either 12 or 18 months - whichever suits you best. Compared to typical bad credit loans that demand payment in 24 to 30 days, Salad Money offers the opportunity to get back on your feet in the long term.

What are the eligibility requirements for bad credit payday loans?

Depending upon the lender’s terms and conditions, the eligibility requirements for bad credit payday loans differ. To apply for a loan with Salad Money, you need to be at least 18 years of age, a UK resident, and earning over £1,400 per month after tax. Moreover, you also need to be employed by your current employer for at least 6 months and have a bank account.

How quickly can I get a bad credit payday loan?

Once you qualify for all the eligibility criteria, you can receive the funds within a day after your application is approved. However, while this is the standard practice for payday loans, the exact time period may vary.

Can bad credit payday loans help improve my credit score?

Payday loans aren’t typically created to help you improve your credit score. However, making timely payments and repaying the loan completely on the due date can help your credit score. On the other hand, you need to ensure that you are only taking up a loan that you can repay. Especially because being unable to repay the loan in time can have a negative impact on your credit score.

Why Choose Salad Money?

When it comes to taking a payday loan, it is crucial that you choose a reputable and reliable lender. This is especially important if you have bad credit. That’s why, we are here to tell you why choosing Salad Money as your direct lender for payday loans is the right thing to do.

As one of the best payday loan lenders in the UK, with over 3,000 5* reviews on Trustpilot, we are committed to offering fair and affordable credit to everyone. That’s why with our More Than Your Score loans, we can offer you the support you need in trying times.

At Salad Money, we understand that life is filled with ups and downs and your credit score isn’t the only way to determine your financial situation. Therefore, our payday loans do not rely on your credit score.

With our unique affordability assessment system based on open banking, we evaluate your loan affordability using various factors. Allowing us to offer you suitable payday loans, regardless of a poor credit score.

What’s more, at Salad Money, we understand that applying for a payday loan with bad credit can be stressful and difficult. That’s why, our friendly customer service professionals are always available to answer any questions and queries you may have.

With a team of professionals, we are dedicated to making your loan application process as smooth and hassle-free as possible. We believe in absolute honesty and transparency. That’s why we maintain open and transparent communication with our clients regarding all the terms and conditions of their loans.

As a reputable direct lender for bad credit payday loans, we are extremely responsible towards our clients and adhere to all regulatory guidelines provided by the Financial Conduct Authority (FCA).

To learn more about our service, click here or get in touch with us now!