Same Day Loans for Bad Credit

£100 - £5,000 paid out by 09:15am

How much would you like?

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

Can I Get Same Day Loans With Bad Credit?

Maintaining balanced cash flow is the key to long-term financial health. As long as your income is sufficient to cover monthly expenditure, your budget is sustainably balanced. However, when urgent expense disrupts your financial flow, or spending temporarily outpaces income; you may run out of money before payday. Ideally, personal savings are enough to fill the gap, but cash reserves are not always available. When conditions call for financial assistance, same day loans for bad credit and good credit, offer immediate access to small sums of money.

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

Banks and Bad Credit

Credit status is an important concern for traditional lenders. Building societies, banks, and other conventional UK lenders conduct in-depth credit checks for each finance applicant, using credit scores and histories to determine who qualifies for financing. Conventional lenders typically reserve the lowest interest rates and most flexible loan terms for applicants with impeccable credit. Those with imperfect credit histories pay higher interest rates, and bad credit applicants may be passed over for funding.

Creditors work with credit reference agencies to conduct credit checks. The agencies are responsible for compiling credit and finance data, creating an individual credit file for each consumer. Your credit reference file evolves with your finances. Each time you open a new line of credit or pay off an existing debt, credit reference agencies such as Experian and TransUnion note the transaction. Over time, patterns develop, illustrating your habits managing money. A consistent track record of timely payments and prudent money management boosts your credit rating, whilst inconsistencies may damage your financial reputation.

In addition to maintaining databases, tracking personal performance managing debts and utilising credit opportunities, Equifax and other top UK credit reference agencies also assign a credit score to each consumer. The score represents the individual’s position on a financial performance scale. A high credit score opens doors to flexible finance solutions at banks and other traditional lending institutions, but bad credit applicants are often left behind. Same day loans for bad credit remain available to many applicants, despite conventional lenders’ high credit scoring standards.

same day loan bad credit

Check Online When You Need Bad Credit Loans

Lenders equate bad credit with risk, which doesn’t bode well for applicants with imperfect credit histories. Fortunately, online lenders typically have greater flexibility than their brick and mortar counterparts do, approving funding requests. Short-term lending specialists offer same day loans for bad credit, as well as other types of short term loans online, in various amounts. The vital funding resource is frequently utilised for short-term spending needs such as:

  • Education – Tuition and maintenance loans backed by the government provide essential assistance for university families facing the high cost of post-secondary education. Loans from student finance are indispensable for paying tuition fees, but earning a degree will set you back more than course fees alone. Accommodation, travel, books, lab fees, entertainment, and general living expense must also be accounted for, above and beyond the tuition fees charged by universities. Even with a poor credit record, same day loans offer a financial safety net during school, providing quick cash for education expense.
  • Car Repairs – Personal transport is a modern luxury many families can’t live without. In addition to the price paid for your car, you’re on the hook for the cost of keeping it on the roadways. Petrol, insurance cover, regular maintenance, and parking fees add to the cost of motoring, and emergency car repair bills are not uncommon. When you run into car trouble, your first fallback option is a personal emergency fund, put by for unexpected expense. Same day loans provide further short-term relief, should your rainy day fund fall short.
  • Recurring Expenses – Otherwise known as bills, recurring expenses are the cornerstone of your personal finances. Utility bills, mobile contracts, connectivity expense and entertainment subscriptions are only a few of the common recurring expenses taken on by UK consumers. When income lags between paydays, bills may overcome your budget, requiring a monetary boost until your next salary date.
  • Household Costs – Individual cost of living fluctuates, so it isn’t always easy to predict household expense. The cost of food, entertaining, household supplies, and other expense reflects prevailing prices, which can rise without warning. Cost increases may interfere with your ability to manage existing expense. Earning more money or relying on emergency savings can prop up your financial flow with living costs on the up. And same day loans and a 12 month loan are also available, when personal earnings are not sufficient to manage day-to-day expense.
  • Lifestyle Changes – Are you moving house? Is your family growing with a baby on the way? Did you change jobs? These and other lifestyle changes can influence your finances, creating new financial condition with which to contend. As your lifestyle evolves, unforeseen expense and income shortfalls can slow you down. Same day loans are aimed at near-term expense, offering flexible solutions for emerging monetary needs.
  • Health and Wellness – Injury and illness can strain your finances, requiring supplemental financial resources. Though many health care expenses are covered, out-of-pocket spending may not be avoidable when falling ill. Lost wages, due to missed work, can further complicate financial conditions when facing health challenges. Health care expense isn’t limited to those falling ill; caregivers and supporters also bear the financial weight of medical conditions. Whether you’re unexpectedly ill or helping a friend or family member, same day loans offer fast flexible funding for matters of health and wellness.
  • Replacement Costs – Despite your best efforts to take good care of your belongings, personal items require periodic replacement. Electronics, in particular, quickly grow obsolete, and devices are also prone to damage, requiring replacement. Whether your mobile phone has given up or you need a new tablet, same day loans can help you stay connected, offering quick cash for your electronic replacement needs. Appliances, machines, clothes, and other items also wear out, requiring replacement, whether or not you have money on hand to cover the cost. Even with bad credit, same day loans may be available to pay for replacements.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
Easy repayments

Avoid Bad Credit – Establish a Good Score

Your credit score serves as a simplified reference for creditors and service providers, representing your entire history managing money. The three-digit figure holds sway with conventional lenders, because past practices often indicate how a credit client will manage future finance opportunities. A low score, resulting from a poor payment history or major credit setback, works against you at the bank.

Though you may be able to restore a damaged credit rating, it is easier to establish and preserve a good score, than it is to recover from past problems. For the best results, start with these strategies for maintaining a healthy credit score.

  • Always pay on time – Credit relationships are bound by repayment agreements, spelling out the terms of each lending arrangement. Repayment details are worked out before loans are funded, identifying payment due dates, minimum payment amounts, and other expectations during the payback period. In order to maintain a healthy credit rating, it is essential to honor repayment responsibilities with on-time payments. Failure to meet repayment obligations may result in late payment penalties and fees, as well as credit reporting that reduces your credit score.
  • Check your credit score at least once a year – Your credit reference file is comprised of entries related to past and present credit accounts and other aspects of your personal finances. Though credit reference agencies strive for accuracy, the for-profit organisations process vast amounts of financial information, which can lead to errors and omission. In order to protect consumers from inaccurate credit reporting, finance rules require each credit reference agency to supply a free, annual copy of your credit report, upon request. When reviewing your report, check for spelling errors, and confirm that the address in your report reflects your current residence. If your credit score is lower than expected, without explanation, pay close attention to the financial data contained in your report.
  • Avoid overutilising credit resources – A history of diverse credit usage lends itself to a healthy credit rating, but overutilisation can have a negative impact on your credit score. Utilisation refers to the amount of credit in use at any given time. Maxing-out credit cards and stretching financial resources too far can weigh on your credit score; you are better off leaving a substantial portion of your available credit unused. In addition to conservatively managing existing accounts, you can strengthen your credit score by showing restraint, opening new lines of credit. Though promotions and cardholder perks may be tempting, your credit score will suffer with too many short-lived credit lines in your file.

same day loan bad credit

Same day loans are available online, helping good and bad credit applicants manage urgent financial demands. The loans complement conventional lending resources, which don’t always accommodate applicants with imperfect credit histories. Combined with high acceptance rates, immediate access makes same day loans a good choice for anyone needing cash today.

Omacl on the FCA Register

Omacl is a registered trading name of Chojin Ltd and is authorised and regulated by the Financial Conduct Authority (FCA). You can view our registration status via reference number 732880.

Free Financial Advice

If you are struggling with debt or are unable to make your loan repayments, please visit the websites below. All of them offer free, impartial advice.

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