Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Are you looking for a high acceptance payday loan in the UK?
While Cashflex do not offer payday loans, we have put together a guide to cover some common questions, including ‘what is a high acceptance payday loan?’ and ‘Can I get a high acceptance payday loan with no credit history?’.
Our guide also explores other options that might be available to you, such as a short-term loan.
If you’re in need of money, Cashflex could help you search for a suitable payday loan alternative. The lenders on our panel offer short-term loans from £100 to £10,000. Depending on the amount of money you apply to borrow, you could repay your loan across a term between 3 and 60 months.
Our service is free to use, quotes are no-obligation, and our straightforward online form takes just five minutes to complete.
A payday loan is a sum of money that you borrow from a lender to cover the cost of an unexpected expense, such as car repairs or a replacement home appliance. This is then usually paid back in full on your next payday.
As the name suggests, a high acceptance loan is a form of credit that typically has a high rate of acceptance on applications.
It’s important to remember, however, that no loan can be considered ‘easy to get.’ Having your application for a loan accepted is not guaranteed, regardless of your credit score.
We’ll list a couple of ways that you could increase your chances of getting accepted for a loan further down the page.
In line with regulations set out by the Financial Conduct Authority (FCA), a responsible lender will not issue any type of loan in the UK without the applicant undergoing an affordability check.
A company which claims to offer loans without an affordability check is unlikely to be operating under FCA regulations.
Companies who are authorised and regulated will appear on the FCA register.
A hard search is a credit check that lenders use to gain an insight into your financial history, including how you’ve managed any credit commitments in the past.
Open Banking provides an authorised third-party (such as a lender) with a more recent representation of your financial habits through a read-only view of your online banking account.
Open Banking is safe and secure; only you can decide who views your information and you can withdraw your consent at any time.
If you have poor credit history, you may feel apprehensive about applying for credit and might find yourself searching for ‘high acceptance payday loans’.
It’s vital to understand that even with excellent credit, getting accepted for a loan is not guaranteed. Lenders will base their decision on several factors, not just your credit score.
Getting approved for a payday loan with bad credit can be difficult, although there could be options.
While Cashflex do not work with any lenders of payday loans, some of the lenders on our panel specialise in short-term loans for people with bad credit and they may be willing to consider your application.
Applying for a loan is a serious financial commitment. If you do decide that a bad credit loan is a suitable option for you, you should prepare yourself for the fact that you could be offered a higher interest rate, and you might not be approved to borrow as much money as you need.
Having no credit history – otherwise known as having a ‘thin’ credit file – is common in people who have never borrowed credit or paid bills before. This may be the case if you’re young and are just starting out on your financial journey.
With no indication of how you’ll manage credit, lenders may consider it a risk to lend money. However, some lenders, including several of those on the Cashflex panel, may still be willing to consider your application.
As is the case with bad credit loans, loans for people with no credit history could come with higher interest rates.
Whether it’s a payday loan or a short-term loan you’re applying for, there are certain things you can do that could help to make the process as straightforward as possible.
Payday loans usually need to be repaid in full within a month, whereas short-term loans offer borrowers the option of spreading the cost across a longer term.
Cashflex is a credit broker, not a lender.
Cashflex does not work with any lenders of payday loans. Instead, the lenders on our panel offer short-term, personal loans with repayment terms from 3 to 60 months, depending on the amount of money you apply to borrow.
You can use Cashflex to help you search for a short-term loan between £100 and £10,000.
Cashflex could help you search for a short-term loan as a payday loan alternative if you:
A lender will check your eligibility for their product only. Every time you apply for credit directly with a lender, they will carry out a hard search.
If you’re turned down by a lender and decide to apply elsewhere, this will result in multiple hard searches on your credit file, which can damage your credit score.
Cashflex is a credit broker. We use soft search technology to get an overview of your financial history, with no impact to your credit score.
Based on the information provided on your application form, we can scan our large panel of lenders for a suitable loan for you. This could save you time by taking the guesswork out of applying.
Please be aware that being matched with a loan doesn’t guarantee acceptance by the lender.
If we’re able to find you a loan and you choose to make a full application directly with the lender, they will carry out some further checks, including a hard search or Open Banking.
If approved for a loan, your money could be sent today, although this will depend on the lender’s individual payout timescale. The time it takes for the money to become available in your account will depend on your bank’s policies and procedures.
If you’ve taken out a loan that you’re having difficulty repaying, you should get in touch with your lender. They will be keen to work with you to come up with a plan to suit both parties moving forwards.
Many of us will experience money worries at some point in our lives.
Talking about our finances with friends and family can sometimes feel uncomfortable, but please know that there are several charities and organisations that you can contact for free, confidential advice on a range of money and debt topics.
We’ve listed some useful resources below.
Try our FastCheck tool with no impact to your credit score
Our tool allows you to calculate your chance of being accepted for a loan.
You are age 18 and a UK resident
You have a regular income from employment
You have a valid UK bank account with an active debt card
Why choose us
Sometimes, the unexpected happens that means you need money fast. Here at Cashflex we offer a user friendly process to help you find same day loans in a responsible and affordable way.
The exact amount you can borrow depends on your personal circumstances and can differ by lender. You can apply for a loan between £100 and £10,000
This is dependent on the amount that you wish to borrow. The repayment terms can be: 3 months, 6 months and 12 months to name a few, ranging right up to 36 months.
Yes. If you are unsure you can use our FastCheck tool to find out your loan eligibility.
Yes.
Over 18
You'll need proof that you are over 18.
Bank Account
Hold a valid UK bank account.
Income
Have evidence of a regular income and UK residency.