Very Bad Credit Loans Direct Lenders

£100 – £5,000 paid out by 21:28 Today

100% No obligation Loan Quotes

We don’t charge you any fees

Money deposited in 15 minutes 

We don’t perform a credit check*

What are very bad credit loans direct lenders loans?

If you suddenly find yourself in a bit of a financial pickle you might be looking to get cash now to settle those bills. You might be wondering if having very bad credit would exclude you from applying for a loan.

Cashute specialises in connecting applications for very bad credit loans to direct lenders. Simply complete the application form and submit it and we take care of presenting it to a panel of UK direct lenders who process thousands of applications from people just like you who need cash now but have not the best of credit scores.

Applying via Cashute is fast and free, plus with the added benefit that there is no obligation to accept any loan from a lender unless you are 100% happy with the terms.

Which direct lender to choose?

There are so many direct lenders to choose from that it can feel like your head is spinning. No one wants to have to spend hours filling in multiple forms when all you really want to do it get the money now and pay the bills and get on with your day.

Cashute makes the process nice and simple. When you apply via us, we connect your application to a company’s that specialise in processing very bad credit loans direct lenders. These lenders are some of the biggest payday lenders offering short-term loans to people in the UK when they really need them.

So, if you are looking for some cash to see you through to the next payday or you want to take out a larger loan, we can help make that happen by doing all of the hard work for you. Our application form takes only a few minutes to complete.

Applying is Free and No-Obligation

What Can I Use A Payday Loan For?

When you get the cash after applying for a very bad credit loan direct lenders it is up to you as to what you decide you want to spend the money on. The money is not held on account of any specific expenditure.

Even though you are free to spend your loan on whatever you like it is strongly advised that you use the money for resolving pressing financial emergencies.

Over the years payday loans have received a lot of negative press with people ending up in a lot of debt. Before you apply for a payday loan take a few moments to work out if you can afford the repayments without causing yourself any financial problems.

Normally payday loans are repaid on the next date which you are paid. Alternatively, you can state on your application form the loan term you desire.

It is common for people to take out these short-term loans to pay off unexpected bills, or paying for repairing the car, fines and such like.

If you have a steady income from your job and have calculated that you can afford to repay the loans then payday loans could work out a lot cheaper than allowing the bills, fines and repairs to go unpaid.

Annual interest rate of 292% (Fixed)

For example:

£200 borrowed for 35 days

Annual interest rate of 292% (Fixed)

Total amount payable is £256

1212% APR Representative

Woman Applying for short term loan

How Do Payday Loans Differ to Other Loan Types?

Payday loans are unique in that they are a form of credit that have been designed to allow people to take out small sums of money for short periods of time. When you apply for a payday loan you can request the loan repayment period. You can borrow up to £5,000 over 60 months or as little as £100 loan for 30 days.

Unlike traditional forms of credit like mortgages, personal loans and such like. Payday loans for bad credit can be approved with cash in your bank account in as little as 15 minutes † from the point of accepting the loan. Other types of loans could take days if not weeks to have approved.

When Will I Receive My Payday Loan Cash?

The lenders to whom we connect your application to understand the main reason that people apply for very bad credit loans. They do their best to have the cash in your account as soon as possible. You could have the payday loan in your bank account in as little as 15 minutes† of accepting the loan agreement.

The deposit time can depend on your bank and the time of day. If you apply during weekday business hours, it is more likely that you will receive the money in your account faster than applying in the middle of the night form experience.

What do I need to apply?

Applying for a loan is straightforward and is all online.

Before you start your application have this ready

Details of your regular monthly income and outgoings

Mobile phone number

Valid email address

Home address for the last three years

Your Bank account

Your Debit card information

Fast, Free & Easy No-Obligation Application Process


Choose Loan Amount & Term

Simply chose how much you wish to borrow and over how many months you wish to repay the loan


Fill in the Application form

Fill in our simple application form which takes only a few minutes and then apply for your loan


Receive Your Cash

We send your application to our panel of lenders, once approved you will receive the funds directly to your bank account

Why choose Cashute

Authorised by the Financial Conduct Authority

Fast Online Application

No Payout Fees

No obligation quote

No paperwork

100% UK Based

Very High Acceptance Rates

No Hidden Costs

I have very bad credit do I need a credit check

It is a requirement in law that a lender performs a credit check on every loan application. If you are applying for a very bad credit loan it is even more important that the direct lender does their due diligence. The credit checks are just as much about your peace of mind as it is theirs.

Lenders want to see their money return and they also do not want to put you into any financial difficulty. By performing a credit check they can see your financial history to get a picture of how responsible your have been with your finances and if you currently have any outstanding loans.

When you apply via Cashute we present your application to a panel of lenders. Those lenders which pick up your application will perform a soft credit check, this soft credit check does not leave any visible signs to any other lender checking your credit score afterwards, this is a good thing.

It is only when you accept a loan offer from a direct lender that they will perform a hard credit check which will leave a footprint that a credit check has been performed. You will want to minimise the number of hard credit checks which show up on your credit report as lender might view you as someone who relies too much on credit.

Even if you are applying for a very bad credit loans direct lender payday loan don’t worry too much since the lenders, we pass your application onto specialise in bad credit loans and are experienced in these matters.

Car Repair

Unexpected Bills

Broken Boiler



Living Expenses

Home Improvements

What is the best bad credit payday loan interest?

It goes without saying that the best loans are those with the lowest interest rates.

So, how do you get the best interest rates? Well, the best interest rates are offered to people with the best credit scores. Although even if you do have very bad credit you are still able to apply for a loan.

If you want to work towards improving your credit score you should start with closing unused credit cards and bank accounts. Start making regular repayments on your outstanding loans, credit card bills or overdraft.

It is obvious that payday loans carry a higher APR than traditional loans. The major reason for this is that unlike personal loans, car loans and mortgages that are repaid over the course of years where the lender can make their profit over time. Payday lenders only have a small window in which be able to make a profit and most cases the profit is not as high as some people may think.

All direct lenders to whom we pass your application onto are all authorised and regulated by The Financial Conduct Authority. The FCA is responsible for determining the rules which must be followed by all direct lenders for instance how much interest can be charged on a payday loan which is now just 0.8% per day.

How do I apply for the best payday loan?

To apply a loan is simple. Provided you meet the criteria listed below you can start your application process:

  • 18 years old
  • UK resident
  • Hold a UK bank account
  • Employed with a regular salary (so you can repay the money that you borrow).
  • Bank details to hand

Once completed submit the application form by clicking on the “Apply” button and we’ll find the best match for you. The search will not take long and you’ll have a response in minutes.

When you receive the loan proposal can decide if you wish to proceed with the offer. If you do want to proceed with the loan just apply and the funds will be deposited into your bank account within hours, always remember that you can apply with no obligation even if you have bad credit as many direct lenders support payday loans bad credit.

I am finding handing my debts difficult, what should I do?

If you find yourself in difficulties and are unable to make your repayments, we strongly advise that you contact your creditor immediately, we also recommend that you speak to the companies listed below.

Warning: Late repayment can cause you serious money problems. For help, go to