Facts About Guaranteed Payday Loan Direct Lenders

Guaranteed Payday Loan Direct Lenders

Are you in need of some extra cash before your next payday? If so, you may want to consider applying for a guaranteed payday loan direct lender. These loans are designed to help people like you get the money they need quickly and easily.


No matter how efficiently you manage your finances, there are some circumstances when you get short on budget and need extra money to fulfil your needs. Securing a loan can be challenging for you even more when you have a bad credit score.


However, applying for a payday loan can be a fast and convenient solution to fulfilling emergency financial requirements. Typically, these loans are for short term and small amounts. Most payday loan direct lenders do not focus solely on credit score, and they consider your affordability to repay the loan.

Payday Loan Direct Lenders UK

When applying for a payday loan, the main thing to consider is the acceptance rate. It will help you to compare different lenders. High acceptance payday loan direct lenders UK  can help you to get quick access to cash and use it for emergency financial needs.


The high acceptance of payday loans is becoming more and more popular day by day. It is a service that offers short term loans to people who have poor credit history and find it difficult to get traditional loans from banks. 

Read on to know all the essential things about guaranteed payday loans.

What Is A Payday Loan Direct Lender?

When you apply for a loan through a direct lender, you can quickly get a loan. A direct lender processes your loan application and lends you money directly. On the other hand, when you apply through a broker, it can not lend you money directly. Instead, a broker provides your information to a direct lender and charges a fee from you as well as from lenders.


Then the lender who receives your information decides whether to lend you money or not. Applying through a broker is a lengthy process, so it is always better to apply through a direct lender so that you can get access to cash in a short amount of time.

What To Consider Before Applying for a Payday Loan?

A payday loan is a short term financial solution which means you have to repay the loan on the due date, which is usually your next payday. Always keep in mind that the interest rate on payday loans is higher than other forms of borrowing.

Therefore, it is better to think about how you will repay the loan. Otherwise, it will become difficult to get out of the borrowing cycle. When comparing different payday loan providers to find the best deal, keep in mind the following things:

1. Loan Size and Terms

Different lenders offer different minimum, and maximum loan amounts and the loan terms also vary from lender to lender. So keep in mind your requirements to find a lender that meets your needs.

2. Overall Cost

It is the most important thing to consider when applying for any type of loan. Lenders charge different fees, such as loan arrangement fees or late repayment fees. So you should keep them in mind to find out whether you can afford to repay the loan or not.

3. Eligibility Criteria

You must always check the eligibility criteria before making a loan application. It may take some time but could save you from damaging your credit score and the disappointment of rejection.

4. Repayment Terms

Repayment terms vary from lender to lender. For example, some lenders allow you to repay in weekly instalments, while others do not show this flexibility and get repayments as a lump sum at the end of the loan term.

5.Turnaround Time

All payday lenders are not equally quick in processing your loan application and transferring funds to the borrowers. So look at the time that a lender takes in underwriting and loan approval.

6. Early Repayment Policy

It is a great idea to repay the loan early but check your lender’s policy to make sure that early payment will help you save money on interest. 


Besides the above things, always take out a loan from a lender regulated and authorised by the FCA.

How Many Payday Loans Can You Get?

Payday Loans Can You Get

As we described earlier, payday loans are designed to fulfil the short term needs of the borrowers, and they may not boost your credit. If a payday loan can not fulfil your credit needs, you should look for other forms of credit instead of applying for multiple loans.


In the past, borrowers could take out more than one payday loan, but now the lenders are strict and check out whether a borrower has other credits open. So now, it is not possible to deceive lenders and get multiple payday loans.

What Is A High Acceptance Payday Loan?

High acceptance payday loans do exactly what their name shows, such types of loans have high acceptance rates for borrowers for good and bad credit. These are designed for people with tough financial conditions and are being rejected by other payday lenders due to a bad credit score. High acceptance payday loans are available from direct lenders as well as brokers.


Although your loan application may get approved quickly, keep in mind that the interest rate on such loans is very high.  You must shop around to find a lender that offers a competitive rate. Here we are providing you information about well known high acceptance payday loan lenders in the UK. 

1. PM Loans

PM Loans is a direct lender as well as a broker. It offers high acceptance payday loans for its customers. PM Loans and all the lenders associated with consider your current financial condition instead of just seeing your credit score.


Applying for a high acceptance payday loan through PM Loans is easy enough. You can apply online by filling an application form and providing the necessary information. You can take a loan ranging from £50 to £1500 for a period of 2 to 12 months. PM Loans carry out affordability checks before providing funds to the customers. It is a good practice that allows borrowers to only borrow an amount that they can afford to repay.

2. LoanPig

LoanPig is a direct lender and a broker so you can get access to the UK’s largest panel of lenders through LoanPig.  It offers high acceptance payday loans to people that are experiencing unforeseen circumstances like emergency medical expenses, a car repair or unexpected utility bills.


LoanPig also offers payday loans to people who have bad credit and find it difficult to take traditional loans. It uses innovative technology to offer you an easy and quick application process. You can take a loan ranging from £50 to £1500 for a period of 2 to 12 months. LoanPig does not charge any upfront fee however late repayments can cause you serious financial problems as you have to pay a late fee along with the repayment.


Payday Loan Net (PDNET) is a new member of the Western Circle family and provides the UK’s borrowers with high acceptance of payday loans. All its loans are no guarantor and people with bad credit can also apply for a loan. PDNet is authorized by the Financial Conduct Authority. It has a dedicated mobile application to have full control over loans.


It uses advanced technology for affordability assessment and gives everyone an equal chance of being approved. You can get a loan ranging from £500 to £1500 for a period of 3 to 4 months. PDNET does not charge any fee to apply and you can get access to funds the same day after approval.

4. Cashasap

Cashasap is a direct lender that offers a hassle-free and secure way to get small loans without any hidden charges. It offers high acceptance payday loans to its customers. You can take a loan ranging from £50 to £750 for a period of 3 to 6 months. Cashasap provides payday loans to individuals who have bad credit scores.


It offers flexible repayment options and borrowers can select a date from which they will start repaying the loan amount plus interest. The application process is easy and simple. You just need to fill an online application form and provide the necessary information. Once your loan is approved you can get access to cash within the shortest possible time. 

5. Miss Payday

Miss-Payday is an instant payday loan provider in the UK. You can fulfil your short term financial needs by taking loans from Miss Payday. All the application processes are online and all your information is 100% secure. It does not charge any hidden fees or costs. You can take a loan ranging from £100 to £750 but you have to return all the amount plus interest as a lump sum in a single repayment.

Miss-Payday performs its own credit check and has a high approval rate. One advantage of taking a loan from Miss Payday is that you can get an extension in repayment based on your financial conditions at that time.  You can find high acceptance payday loan direct lenders from comparison sites and can select one that suits your requirements.  

How Can You Increase The Chances Of Getting a Payday Loan?

Chances Of Getting a Payday Loan

As we described earlier, a guaranteed payday loan does not exist. However, you can take the following measures to increase the chances of your payday loan approval.

1. Make Sure to Meet Eligibility Criteria

Your chances of getting a payday loan are increased significantly when you meet the basic eligibility criteria. There are numerous payday lenders in the UK waiting to lend money to anyone who meets the eligibility criteria set by them. This criterion may vary from lender to lender, but generally, you must be a UK resident of age 18 or above and must have a steady income source to get quick loan approval.

2. Provide the Right Information

When you meet the eligibility criteria, it automatically increases the chances of getting any type of short term loan, but you should also provide the correct information when making a loan application. For example, provide your real name, address, verified mobile number and income details. If the information you submit is not accurate, your application will be rejected.


However, if there is any typing mistake, the application may be returned to you for correction, but it will make the process lengthy. As you are applying for a payday loan to fulfil your emergency cash needs, the importance of correct information cannot be denied.

3. Improve Your Credit Score

Although there are some lenders offering payday loans with no credit check, most lenders carry out a credit check. So it is essential to have a good credit score to get quick approval. It is better to check your credit report regularly to find mistakes and update it. If you currently have a bad credit score, you can work on it consistently and take measures to approve it. Always keep in mind that the higher the credit score, the more lenders are likely to offer a loan.

4. Meet Affordability Check

Reliable payday lenders also carry out affordability checks to find whether a borrower is able to repay the loan or not. The affordability check is conducted on the basis of the information you provide in your loan application. Once you provide your proof of income, your current loans, information about expenses and your employment information, your payday lender will use this information to find if you can afford to repay the amount you applied for. If you are applying for money that you cannot afford to pay comfortably, then the chances of approval are low.

5. Borrow Only what You Need

If you are looking for guaranteed payday loans from direct lenders, you should not apply for a large amount of money or an amount more than that required to fulfil your needs. Lenders are more likely to approve smaller loans because they carry fewer risks than large loans. The probability of rejection of large loan applications is higher.

6. Obtaining A Payday Loan

Whether you are finding a loan online or searching the market to get a payday loan, no one in the UK is guaranteed before the lender checks your financial background and credit score. According to the rules of the FCA, all lenders are required to carry out a credit check in order to lend money in a safe manner. 


Once you choose a lender, you can make your online payday loan application and provide all the necessary information. Your lender will review your application in the shortest possible time. If your application is approved, you will get funds transferred to your bank account, usually within hours.

How Much Does A Payday Loan Cost You?


The Financial Conduct Authority (FCA) has made some rules about the cost of payday loans. All the lenders in the UK have to follow these rules. According to the law, payday lenders can not charge interest rates and default fees more than the set limit. So, for example, if you are taking out a loan for 30 days, you do not have to pay more than £24 as a fee per £100. However, if you fail to repay on time, you have to pay £15 as late repayment fees plus the interest rate.

Can You Get a Payday Loan Same Day?

The purpose of payday loans is to help you come out of an emergency financial crisis, and typically it is available immediately you apply for them. Payday loan direct lenders offer ease and flexibility to the borrowers and complete the underwriting process within the same day. There are also lenders who disburse loans within minutes; you can shop around to find such lenders. However, it might be difficult for you to manually search for the required loan. Instead, you can use online comparison sites to find same day payday loans. It will save your time and energy and help you find the right deal.

Get a Payday Loan Same Day
Bottom Line

Payday loans are quick, easy and short term solutions to emergency financial situations. You may have heard about guaranteed payday loan lenders, but the truth is that no lender is allowed to lend money before checking the creditworthiness and affordability of borrowers.


However, you can increase your chances of approval by meeting the eligibility criteria, improving your credit score and applying for an amount not more than your need. It may seem the best option to get a guaranteed payday loan when you are stuck in an unexpected financial crisis, but you should keep in mind that it is almost impossible to come across such loans. It is better to read the terms and conditions and avoid taking a loan from non-FCA approved or irresponsible lenders.