{"id":27905,"date":"2024-02-15T09:59:39","date_gmt":"2024-02-15T09:59:39","guid":{"rendered":"https:\/\/www.lendingstream.co.uk\/blog\/?page_id=27905"},"modified":"2024-02-15T09:59:40","modified_gmt":"2024-02-15T09:59:40","slug":"guaranteed-payday-loans","status":"publish","type":"page","link":"https:\/\/www.lendingstream.co.uk\/blog\/guaranteed-payday-loans\/","title":{"rendered":"Guaranteed Payday Loans | Do They Really Exist in UK?"},"content":{"rendered":"\n<p><strong>Are you looking for a guaranteed payday loan? There are plenty of lenders in the UK who\u2019ll offer you a payday loan.<\/strong> But they must carry out a credit and affordability check before they approve your application. This means that there\u2019s never a 100% guarantee that you\u2019ll get a payday loan.<\/p>\n\n\n\n<p>If you want to know more about guaranteed payday loans, then you\u2019re in the right place. We\u2019ll tell you all you need to know about getting approved for a <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/payday-loans\/\"><strong>payday loan<\/strong><\/a>. We\u2019ll also tell you what your options are when you\u2019re in urgent need of money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-guaranteed-payday-loans\"><strong>What are Guaranteed Payday Loans?<\/strong><\/h2>\n\n\n\n<p>Guaranteed payday loans are short term loans. They give you quick access to cash when you need money in an emergency. But approval isn\u2019t guaranteed. A credit check would always be done on every application.<\/p>\n\n\n\n<p><strong>Here are the main features of a guaranteed payday loan<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>They\u2019re easy to apply for online.<\/li>\n\n\n\n<li>There are no restrictions on what you spend the money on.<\/li>\n\n\n\n<li>You pay back the whole loan on your next payday.<\/li>\n\n\n\n<li>Interest rates are high, and some lenders may charge fees.<\/li>\n<\/ul>\n\n\n\n<p>Payday loans should be avoided if possible. They usually come with high interest rates and fees, if you can&#8217;t repay them on time, they can put you in a cycle of debt if you can&#8217;t repay them on time. They\u2019re only to be used as a last resort when you need money in an emergency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-boost-my-chances-for-a-guaranteed-payday-loan\"><strong>How to Boost My Chances for a Guaranteed Payday Loan?<\/strong><\/h2>\n\n\n\n<p>There\u2019s never a 100% guarantee you\u2019ll get any type of loan. But there are a few things you can do to boost your chances.<\/p>\n\n\n\n<ol class=\"wp-block-list\" style=\"list-style-type:1\">\n<li>Check that you have a good credit history. That said, there are some lenders who may approve you for a payday loan even with a bad credit history. But you do have to show that you can afford the repayments.<\/li>\n\n\n\n<li>Have proof of a regular income. This can be from a job, benefits, or any other type of regular payment. You won\u2019t be able to get a payday loan without any income.<\/li>\n\n\n\n<li>Check the lender\u2019s requirements before you apply. By finding out if you meet their criteria, you\u2019ll improve your chances of approval.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"can-i-get-a-guaranteed-payday-loan-with-lending-stream\"><strong>Can I Get a Guaranteed Payday Loan with Lending Stream?<\/strong><\/h2>\n\n\n\n<p><strong>No, you can\u2019t get a guaranteed approval payday loan from <a href=\"https:\/\/www.lendingstream.co.uk\/\">Lending Stream<\/a>.<\/strong> We are an up to 12 month alternative to &#8220;payday loans&#8221;. That way it\u2019s not such a big drain on your pay packet at the end of the month.<\/p>\n\n\n\n<p>We don&#8217;t offer guaranteed payday loans, as we believe that responsible lending is important. It&#8217;s why we always carry out a credit and affordability check on every loan application.<\/p>\n\n\n\n<p><strong>If you&#8217;re looking for a <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/short-term-loans\/\">short term loan<\/a>, we may be able to help.<\/strong> We offer loans from <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/50-loan\/\"><strong>\u00a350<\/strong><\/a> to <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/1500-loan\/\"><strong>\u00a31,500<\/strong><\/a> and our application process is quick and easy. You can do it all online. Lending Stream loans are fast (we&#8217;ll send the money to your bank in under 90 seconds if approved) with spread out monthly repayments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"are-there-any-guaranteed-payday-loans-direct-lenders\"><strong>Are There any Guaranteed Payday Loans Direct Lenders?<\/strong><\/h2>\n\n\n\n<p><strong>There are many payday loan direct lenders, but none of them can guarantee you\u2019ll be approved. <\/strong>The <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/financial-conduct-authority\/\" data-type=\"URL\" data-id=\"https:\/\/www.lendingstream.co.uk\/blog\/financial-conduct-authority\/\" target=\"_blank\" rel=\"noreferrer noopener\">Financial Conduct Authority<\/a><\/strong> (FCA) regulates lenders who are registered with them. It means that lenders can\u2019t approve your loan application without assessing it in line with the <strong><a href=\"https:\/\/www.fca.org.uk\/consumers\/loans-credit\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">FCA guidelines<\/a><\/strong>.<\/p>\n\n\n\n<p>Beware of lenders who say they offer guaranteed payday loans. They might not be regulated by the FCA, and lenders cannot guarantee 100% that your loan will be approved. A responsible lender will always have to check your credit report.<\/p>\n\n\n\n<p><strong>The only way your payday loan will be approved is if it meets the requirements of the lender. These could include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A good credit history<\/li>\n\n\n\n<li>Regular income<\/li>\n\n\n\n<li>Being employed<\/li>\n\n\n\n<li>A UK resident<\/li>\n\n\n\n<li>Being over 18<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"is-there-anywhere-i-can-get-a-guaranteed-payday-loan\"><strong>Is There Anywhere I Can Get a Guaranteed Payday Loan?<\/strong><\/h2>\n\n\n\n<p><strong>The reality is that guaranteed payday loans don\u2019t exist in the UK.<\/strong> There are some lenders who\u2019ll give you a payday loan if you have a bad credit rating. But the chances of getting approved are still not 100%.<\/p>\n\n\n\n<p>Beware of any lenders who offer a guaranteed payday loan. Go through the following checklist before you apply.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>1.    <\/td><td class=\"has-text-align-left\" data-align=\"left\">Check if they\u2019re a credible lender. They should at least be registered with the <strong><a href=\"https:\/\/www.fca.org.uk\/firms\/financial-services-register\" target=\"_blank\" rel=\"noreferrer noopener\">FCA<\/a><\/strong> and should follow their guidelines.<\/td><\/tr><tr><td>2.<\/td><td class=\"has-text-align-left\" data-align=\"left\">Look at independent review sites such as <a href=\"https:\/\/uk.trustpilot.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Trustpilot<\/strong><\/a>. You\u2019ll be able to find out what other people\u2019s experiences have been with the lender.<\/td><\/tr><tr><td>3.<\/td><td class=\"has-text-align-left\" data-align=\"left\">Check the lender\u2019s terms and conditions before you apply. Make sure they\u2019re being clear and not misleading about their payday loans.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-do-i-keep-getting-turned-down-for-payday-loans\"><strong>Why Do I Keep Getting Turned Down for Payday Loans?<\/strong><\/h2>\n\n\n\n<p><strong>There are a few reasons why you may not be able to get a payday loan. Here are the most common ones.<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\" style=\"list-style-type:1\">\n<li>You don&#8217;t have a regular income or can\u2019t afford the repayments. Payday loan lenders usually ask that borrowers have a steady source of income to qualify for a loan. If you\u2019re unemployed or self-employed, you may not meet their criteria.<\/li>\n\n\n\n<li>You have bad credit. Lenders will look at your credit history to assess the risk of lending to you. If your credit score is low, the lender may view you as high risk and deny your loan application.<\/li>\n\n\n\n<li>You have unpaid debt. Payday lenders prefer to approve loans to borrowers who can show they\u2019re able to repay their loans. If you\u2019ve got unpaid debts, the lender may be unwilling to give you another loan.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-credit-score-do-i-need-to-get-a-guaranteed-approval-payday-loan\"><strong>What Credit Score Do I Need to Get a Guaranteed Approval Payday Loan?<\/strong><\/h2>\n\n\n\n<p>There&#8217;s no definite answer to this question. Payday lenders have their own criteria for deciding whether to approve a loan application. But in general, the higher your credit score the higher your chances are of getting approved for a loan.<\/p>\n\n\n\n<p>If you want to guarantee being approved for a payday loan, focus on improving your credit score. <strong>Here are a few tips to get you started:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Check your credit report for errors and dispute any that you find. The main agencies to check with are <strong><a href=\"https:\/\/www.experian.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Experian<\/a><\/strong>, <strong><a href=\"https:\/\/www.equifax.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Equifax<\/a> <\/strong>and <strong><a href=\"https:\/\/www.transunion.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">TransUnion<\/a><\/strong>. You don\u2019t want your credit score to be affected by mistakes that shouldn\u2019t be on your credit file<\/li>\n\n\n\n<li>Make all your payments on time, including utility bills, credit cards, and other debts. This will show lenders that you&#8217;re reliable and capable of repaying a loan.<\/li>\n\n\n\n<li>Keep your credit card balances low. Maxing out your cards will hurt your credit score. Try to keep your balances at 30% or less of your total credit limit.<\/li>\n<\/ul>\n\n\n\n<p>By following these tips, you can improve your chances of acceptance of a payday loan. Remember that there&#8217;s no guarantee you&#8217;ll be approved but increasing your credit score is a good place to start.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"can-i-get-a-bad-credit-payday-loan-with-guaranteed-approval\"><strong>Can I Get a Bad Credit Payday Loan with Guaranteed Approval?<\/strong><\/h2>\n\n\n\n<p>Whether you\u2019ve got bad credit or good credit, payday loans don\u2019t come with guaranteed approval. All lenders will perform a credit check before approving any loan. And payday loans are no different.<\/p>\n\n\n\n<p>There are a small number of lenders who\u2019ll be willing to provide you with a bad credit payday loan. They\u2019ll look at more than just your credit score to assess whether to approve your application. But you need to be aware of the terms they offer you as they tend to charge high rates of interest. Shop around and compare different lenders before applying.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"i-need-a-payday-loan-today-can-i-get-a-guaranteed-approval\"><strong>I Need a Payday Loan Today. Can I Get a Guaranteed Approval?<\/strong><\/h2>\n\n\n\n<p>When you\u2019re in urgent need of <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/emergency-loans\/\"><strong>emergency cash<\/strong><\/a> you want the money the same day. And of course, it would be much easier if you could get guaranteed approval on a loan. But with there being no such thing as a 100% guaranteed approval, what can you do?<\/p>\n\n\n\n<p>Here are some things that can help you get approved for a payday loan and get the money the same day.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Find out what the lenders\u2019 criteria are. Lenders will do what they can to help you, but you have to be eligible to apply for a payday loan with them. If you don\u2019t meet their criteria, don\u2019t apply.<\/li>\n\n\n\n<li>Go through online brokers who will search a few lenders for you. Alternatives to guaranteed payday loans<\/li>\n<\/ul>\n\n\n\n<p>There are many payday loan alternatives out there that can provide you with the cash you need. Here are a few options to consider:<\/p>\n\n\n\n<ol class=\"wp-block-list\" style=\"list-style-type:1\">\n<li><strong>Short Term Loans: <\/strong>These loans are good for when you don&#8217;t need to borrow much. They have shorter repayment terms and can be repaid in as little as two weeks to a few months. This makes them a good option if you need cash fast but don&#8217;t want to pay it all back in one go.<br>Lending Stream offers short term loans that you can pay back over 6-12 months. We have a quick and easy application process and if approved, we send the money to your bank in under 90 seconds.<\/li>\n\n\n\n<li><strong>Credit Cards:<\/strong> If you have good credit, you may be able to qualify for a low-interest credit card. This is a good option if you only need a small amount of money and can pay it back quickly.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/bad-credit-loans\/\"><strong>Bad Credit Loans<\/strong><\/a><strong>:<\/strong> There are some lenders who specialise in bad credit loans. While you may not be able to get a guaranteed approval, you may still qualify for a loan. Some lenders offer better terms than others for people with poor credit scores, so shop around.<\/li>\n\n\n\n<li><strong>Personal Loans:<\/strong> Depending on how much you want to borrow, you could get a personal loan from a bank. Personal loans tend to have lower interest rates than credit cards. And with lower rates, they could be a more affordable option.<\/li>\n\n\n\n<li><strong>Payday Loan Alternatives:<\/strong> There are loans available where you can get the cash you need without the high interest rates and fees. Credit unions are one option, they&#8217;re community based, and you have to join them first. You have to live in a certain area or work in certain profession to join one.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"faqs-guaranteed-payday-loans\"><strong>FAQs &#8211; Guaranteed Payday Loans<\/strong><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1671109342204\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Can I Get a Guaranteed Payday Loan with No Credit Check?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>It may be possible. However, all lenders who a regulated by the Financial Conduct Authority (FCA) will carry out a credit check. The FCA is there to hold financial institutions to best practices and make sure that they are treating consumers fairly. You\u2019d be taking a risk by borrowing from a lender who is not regulated by the FCA.<br \/>Therefore, lending stream will never suggest anyone applies for a <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/payday-loans-no-credit-check\/\"><strong>payday loan with no credit check<\/strong><\/a>.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671109379174\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Do I Need a Guarantor to Get a 100% Guaranteed Payday Loan?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No, you don\u2019t necessarily need a guarantor to get a guaranteed payday loan. You need is to meet the lender&#8217;s criteria to get your application approved.<br \/>There are some lenders who offer guarantor loans but even with these, your loan approval is not guaranteed. With guarantor loans you have to take out the loan with someone else. That person then guarantees to pay back the loan if you don\u2019t.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671109684549\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How Much Money Can I Borrow With a Guaranteed Payday Loan?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The amount of money you can borrow with a payday loan will vary depending on the lender. Some lenders may offer a <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/100-loan\/\"><strong>\u00a3100 loan<\/strong><\/a>, while others may offer loans for up to \u00a32,000 or even \u00a33,000. Decide exactly how much you need before you apply.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1671109716604\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What are the Interest Rates on a Guaranteed Payday Loan?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Interest rates on payday loans will vary depending on the lender you choose, but they can be high. Some lenders will charge higher interest rates than others, so compare what\u2019s on offer before you apply.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Disclaimer:<\/strong> Any information provided does not constitute financial advice. Please read carefully about the terms and conditions of the credit provider you choose to take out a loan from. Any links to external websites are for reference only and are correct at time of publishing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you looking for a guaranteed payday loan? There are plenty of lenders in the UK who\u2019ll offer you a payday loan. But they must carry out a credit and affordability check before they approve your application. This means that there\u2019s never a 100% guarantee that you\u2019ll get a payday loan. If you want to [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":26881,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-27905","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/pages\/27905"}],"collection":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=27905"}],"version-history":[{"count":1,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/pages\/27905\/revisions"}],"predecessor-version":[{"id":27906,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/pages\/27905\/revisions\/27906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media\/26881"}],"wp:attachment":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=27905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}