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Which payday loan is best for
people with bad credit?

Which payday loan is best for people with bad credit?

High Approval

High levels of successful applications

Fast Payouts

we can payout your funds fast

Follow Repayments

Statements clearly show repayments

Online Completion

Everything can be completed online

5 Advantages of Getting Payday Installment Loans

When the payday lending boom hit the UK, thousands of borrowers found quick cash loans which resolved their financial situations. Payday lenders have also made their offers attractive for borrowers, keeping the lending industry well-engaged. Payday offices were built all over the country, acting as beacons of hope for many people. While payday loan offices are important lending centres, independent lenders also became part of the equation. Independent lenders are regular people who have tons of cash ready to be loaned to people.

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See How Others on the Market Compare

Loan amount
£100 - £750
Loan term
1 - 35 Days
CUSTOMERSCORES
Good
Apply Now

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Loan amount
£100 - £2,000
Loan term
3 Months Only
CUSTOMERSCORES
Excellent
Apply Now

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Getting Payday Instalment Loans from Independent Lenders can give you many Advantages

Higher Chances for Negotiation

Negotiation is common in the payday lending scene. However, with the advent of cyberspace and mobile revolution, lenders found countless ways to automate their services. Automation is beneficial, but it took the spotlight away from negotiation. Borrowers had to be content with the loan amounts and rates offered in the payday lender’s website. They can post their questions and dispute some cases, but everything runs automatically. With independent lenders, the situation is different. Since you’re dealing face-to-face with a person, you can always negotiate your position. Do you want higher amounts? Relay the situation to the lender and you might be given the chance. There are other negotiation angles, but they will all depend on the decision of lenders.

Situational Interest Rates

Interest rates are fixed for many payday lenders. Some lenders occasionally change the rates based on global economic movements, but they cannot be influenced by borrowers. Independent lenders have a different process; since these lenders need to build a strong client base, they have to adjust their interest rates according to the situations of the borrowers. If the borrower needs the money for emergencies, the independent lender may lower down interest due to empathy. This is not always the case, but it wouldn’t hurt to keep it in mind. Independent lenders also have this habit of securing the interest first if ever you cannot repay the loan on time. This way, you only need to shoulder the burden of the interest, even though you’re still under the obligation of the debt.

Independent Lenders are Well-Known in their Areas

If you think that finding independent lenders is difficult, then you’re underestimating the power of word of mouth. Independent lenders are highly popular within their area. You just need to ask around then you’ll be directed towards the home or office of the lender. While asking around, people might even leave their positive or negative remarks, further improving your chances of finding the right lender. Perhaps an even faster way is to track the lender through Facebook. Send the lender a friend request and an introductory message. Afterward, you can now start inquiring about the loan offers.

Better Leeway in Repayment

While modern payday lenders have fixed and acceptable repayment terms, independent lenders can possibly have an advantageous offer. The lender could extend the repayment period or will give you the opportunity to pay off the whole loan in one term. This leeway is common with independent lenders who are operating in large towns and suburbs. If you’ve also had multiple successful transactions with the dealer, there’s a possibility that the repayment terms for your next application will be adjusted.

Quicker Loan Release in the Future

Another advantage of relying on the service of an independent lender is the possibility of receiving a loan at a quicker rate someday. This will only happen if you have a good track record with the lender. It’s basically saying that the lender believes in your capability to repay any loan. Do not break that trust – you’ll probably need the assistance of that lender in the future.

How to Know if an Independent Lender is Trustworthy?

Determining the trustworthiness of a lender is a bit tricky. At times, you have to rely on the advice of people. On the other hand, online reviews can also help you figure out if the lender is truly worth your time and attention. If you have the luxury of time, try to get the top five lenders within your reach. This way, you can have multiple options to juggle. More importantly, you can compare the rates offered by the lenders, giving you a predisposition of the country’s payday lending scene. You should also consider checking out recommendations from financial experts. These experts know the best lenders in the game, so you can put weight in their opinions.

If you’re getting loans from independent lenders, you should mitigate the risk by applying some precautions. Be sure to choose independent lenders that have proven track records. This way, you can avoid getting ripped off.

5 most recent personal loan reviews

Review of H&T Finance

So friendly and so easy to be accepted. I needed a loan to help out a family member and I've been able to do so, so quickly. Daniel at H&T was so polite and helped me understand everything thoroughly.

Review posted by Aimee Walls, Carlisle

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Post Office Money

Post Office, thank you so much! I will definitely be recommending you for your helpful and professional support, from receiving my completed application you were very quick in processing my application. I applied in one day and by the second had my loan. You gave clarity when needed and made me feel that I was not just a number. Thanks again.

Review posted by Lisa Davies, Sunderland

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Street UK

My experience with this great team has been superb, I've had five star quality service since day one and my application processed rapidly, there is no messing about and they provide real fast and strong customer service which I am happy about, I know where to come next time, thanks for all your help.

Review posted by Joe Irving, Leeds

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

We source all of our reviews from Trust Pilot to ensure that all accounts are authentic.