Guaranteed Payday Loans

Get between £50 - £5,000 paid out by

How much would you like to borrow?

£
  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • Representative Example: Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable). *HappyPenguin will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

    Is it possible to truly get a guaranteed loan?

    There are plenty of circumstances that could leave you short on money before payday.

    Maybe you’ve been hit with a bill that you forgot to budget for, or something’s gone wrong at home and you need to pay for repairs. Whatever the reason, you’re going to need to turn to lenders for help getting the money you need. Unfortunately, if you don’t have a great credit history, successfully applying for a loan isn’t always easy.

    Applying for loans with bad credit is a headache in more ways than one. Not only do you have to cross your fingers and hope for the best with each application, but the more attempts you make to get a loan, the lower your chances get. After all, every failed application will appear in your credit history, giving your future lenders another reason to avoid giving you cash.

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    It’s no wonder that people in the UK find themselves searching for the reassurance and comfort of guaranteed payday loans.

    What are Guaranteed Payday Loans?

    A payday loan is a form of short-term cash advance. You can borrow this money without security, which means that you don’t have to put your house or car up as capital. There are also plenty of lenders that will offer payday loans without a guarantor.

    Because you only borrow a small amount of money for a short period with these limited cash advances, most borrowers find it easier to successfully apply for a payday loan than a traditional loan. However, just because it’s easier to be approved for this kind of money, doesn’t mean that you can be guaranteed approval.

    While there are plenty of lenders out there who can promise to give you a great chance of getting the loan you need, nobody can promise you a payday loan. Any lender who swears that they can offer 100% approval aren’t being honest. Put it this way – it would be irresponsible for a lender to give someone money knowing that they couldn’t give it back and that they would end up in more debt.

    Why Aren’t Guaranteed Loans Possible?

    If any kind of loan was going to be guaranteed, it would probably be the payday advance.

    There are plenty of companies out there today that offer payday loans, and many of them even offer specialist support for people with poor credit histories. However, it would be irresponsible and dangerous for a company to tell you for certain that you could get a loan without first checking your affordability and credit rating.

    A legitimate lender will do everything they can to offer you the loan that you need, but they won’t put their company, or you in danger. Sometimes, this might mean that your payday loan provider offers you advice on how to deal with your situation if they can’t give you a loan. However, they won’t simply provide you with money regardless of what trouble it might get you into.

    Although there seems to be a lot of websites out there offering guaranteed loans, most payday lenders can actually only promise to “do their best.” Always be wary of any credit provider claiming more than this.

    How to Improve your Chances of a Payday Loan

    The good news is that although no-one can guarantee you a payday loan, you can go into your search for credit knowing how to boost your approval chances.

    How Does Happy Penguin Compare?

    Why Use HP?
    What's the max loan amount?
    Up to £5,000
    No hidden fees.
    Is approval instant?
    Yes, immediate.
    On Screen Decision
    Poor Credit Possible?
    Yes. Bad credit too.
    All considered.
    Same day transfer?
    Within the hour!
    Direct to bank!
    Flexible Repayment Dates?
    Flexible terms.
    Quick and easy.

    For instance, you can look for companies with a realistic and positive approval rate of perhaps 97, or 98% to begin with. It’s also wroth making sure that you apply specifically with companies who claim to offer support for people with bad credit. These organisations are unique because they look at more than just your credit rating when deciding whether to approve your loan.

    Other ways to boost your chances of a cash advance include:

    • Check the eligibility requirements: Your chances of getting a payday loan in the UK are already very high with most providers. However, some companies have higher eligibility requirements than others. Make sure that there aren’t any special requirements in place that may stop you from getting the money that you need.
    • Make sure that you meet the basic standards: All payday loan providers will require their lenders to be at least eighteen years old, and a resident of the UK. You will also need to show that you have a regular source of income and a current bank account.
    • Double-check your application: Most of the time, applications for payday loans are very simple and straightforward. However, it’s easy to make mistakes when you’re in a rush. To boost your chances of success, make sure that you double check your answers and ensure that they’re accurate before sending your application through to the company. This will reduce your risk of being declined because of typos, missed information, or anything else.
    • Work on your credit score: There are plenty of lending agencies out there who will still give you a payday loan if you don’t have a good credit history. However, it’s much easier to get a good deal if you can prove that you’re good with money.

    Passing the Affordability Check

    Another great way to improve your chances of being approved for a payday loan is to make sure that you pass your affordability check.

    Many payday loan providers can give cash to people with bad credit because they run affordability checks to determine your situation with money today. This means that they don’t have to rely as heavily on what they know about your history.

    To pass an affordability check, you’ll need to make sure that you’re not currently paying off any other loans alongside the credit that you’re applying for. You should also cut down on any bills that aren’t necessary where possible, to show that you’re making the most out of your budget.

    Some companies may ask you to submit information about how much you earn and how much you spend each month. The more money you have left over after paying essential bills, the better.

    How to Get the Right Payday Loan

    Most of the time, any loan that seems too good to be true, will be. That’s definitely the case when it comes to guaranteed payday loans.

    It may seem like a good idea to look for a company that can promise you a payday loan without a credit check no matter what. However, when you think about it, you’d realise that such a business model wouldn’t make sense. To get the most out of your payday loans, don’t’ look for someone who can give you money no matter what. Look for a lender who will give you the right loan to suit your current situation. You can do this by comparing your options with the lenders in your area. For instance, look at things like:

    • The amount you can borrow, and how long you can access the money for
    • The repayment terms – do you need to pay off the cash all at once, or in chunks?
    • The overall cost of the loan – consider the APR and interest rates that you’ll have to pay
    • Turnaround time: not all loans are equally quick when it comes to processing, look for someone who can get money into your bank account fast
    • Eligibility criteria: Always check the minimum criteria for applicants before applying. This will help you to avoid disappointment
    • Early repayment policies: Find out if you can pay the money you owe back faster if necessary

    It’s also worth considering any additional fees that your lender might want you to pay. For instance, some companies ask for transaction costs to be paid when they put money into your account. Some lenders also have bigger late fees than others.

    Getting a High-Approval Payday Loan

    Acquiring a guaranteed payday loan might not be possible, but that doesn’t mean that you can’t improve your chances of getting the money that you need with a payday advance. Payday loans in the UK are generally much easier to apply for successfully than their counterparts. A person in an emergency situation can get access to the money that they need quickly, without having to worry about bad credit holding them back.

    If you need to borrow money to deal with an unexpected situation in your life, there are plenty of payday loan providers out there that can help you to get the cash you need. If you’re willing to follow the instructions provided on their website exactly, then you shouldn’t have too much trouble borrowing for a short-term advance.

    However, it’s worth noting that like any loan, it can be harder to get approval for a payday loan when you have a poor credit history. With that in mind, it’s always a good idea to make sure that you look for bad credit loan providers if possible, as this will improve your chances of getting your loan without any complicated forms and stressful waiting times.

    A bad credit loan provider will consider all of your situation carefully, not just the history that’s reported in your credit score.