Guaranteed Payday Loan Direct Lender

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When applying for a payday loan in the UK the main thing to consider is the acceptance rate. It will help you to compare different lenders. High acceptance payday loan direct lenders can help you to get quick access to cash and fulfil your financial needs. The service of high acceptance payday loans is becoming more and more popular day by day. It is a service that offers payday loans to people who have poor credit history and find it difficult to get traditional loans from banks. These loans consider an individual’s affordability rather than credit score that is why there are more chances of acceptance. 

What is a Payday Loan Direct Lender?

When you apply for a loan through a direct lender you can get a loan more quickly. 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 to you. A broker provides your information to a direct lender and charges a fee from the 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 we suggest you apply for a payday loan through a direct lender so that you can get quick access to cash in case of emergency. 

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. 

3.   PDNET

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 authorised 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. 

4.   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 A Chance Of Getting Payday Loans? 

It is difficult to find guaranteed payday loans. However, you can increase your chance of getting an emergency payday loan by taking some measures at the time of application. 

Your chance of getting approval for a payday loan is more if you meet the eligibility criteria set by the lender. There are many lenders in the UK offering payday loans and waiting for a borrower who meets their requirements. If you are a UK resident, aged 18 years or over and have a steady income source you can get a payday loan easily. 

No doubt, when you meet the eligibility criteria your chance of getting a short term loan is already increased but it is vital to provide the correct information in your application form. For example, you must provide your real name, right address, date of birth, phone number and income details. If your information is not correct your application can be rejected. If there’s a typo mistake your application is returned to you for making amendments that can also be a lengthy process. Therefore, if you do not want unnecessary details it is better to provide correct information. 

Well reputed and professional lenders carry out an affordability check before approving a loan application. This affordability check determines whether a borrower can afford to repay the loan amount or not. For this assessment, you have to provide proof of your income information and information about your current loans and expenses. The chances of getting loan approval are lower if you are borrowing an amount that you can not afford to repay. Typically your monthly loan repayment should not be more than 30% of your income. 

Most lenders use your credit score to approve or reject your loan application. A good credit score makes a good impression on borrowers and such borrowers have more chance of getting approved for payday loans. Currently, if you have a bad credit score you can work on improving your credit score so that you can easily get a short term loan in the future. You can improve your credit score in many ways such as by paying your debts on time, checking your credit report to correct mistakes and not involving yourself in any fraudulent activities.

One more thing that you can do to get payday loans quickly is to apply for an amount that you need. If you apply for large amounts there are fewer chances of approval. Lenders approve loans of a small amount more than that with huge amounts of money. It does not mean that if you need a large amount you can not apply but the landers consider loan applications on the basis of risks. The loans with small amounts tend to have lower risks. You should never borrow more than your required amount. 

By following the above-mentioned guidelines you can increase the chances of your loan approval up to 97% and can get cash when you need it the most. Moreover, choose a well-reputed lender who follows the best lending practices so that you can get a competitive interest rate. 

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