Payday loans

Need money in your bank account today?

QuickLoansExpress is a trusted payday loans direct lender in the UK providing quicker cash loans to people with good and bad credit scores. From the very beginning, we’ve worked hard to help hard-working people meet their short term financial needs. Most banks, brokers and alternative lenders make it impossible for people with a less than perfect credit history to borrow money immediately in their time of need. We’ve stepped in to fill the gap and help people who find it difficult to get instant cash elsewhere.

Warning: Fast loans are easy to apply for, but are an expensive form of credit and should only be used in emergencies. Late repayment can lead to serious money problems.

How Do Payday Loans Work?

Instant loans provide alternative solutions for UK residents needing a cash boost to cover money problems and financial crises that occur unexpectedly. They are designed to help people with poor credit scores and no collateral, access to funds quickly.

These loans enable applicants to borrow a specific loan amount, paid back within a few months. Since they are unsecured, they require no collateral, and you don’t need to have a perfect credit rating to qualify.

After approval, the direct lender will deposit the cash into your bank account one hour. The repayment term is usually 3-6 months.

How Much Can I Qualify for?

The instant payday loan amount you can qualify for depends on the lender, your income, and several other factors. At QuickLoansExpress, you can apply for £300 to £1000 to help you cover any urgent financial need.

Enjoy flexible repayment periods of between three to six months, depending on the loan amount. Before applying, ensure you check the details of the annual interest rate, APR, and repayment term to ensure you apply for a loan you can afford to repay.

Do I need an Instant Payday Loan?

The  Association of Business Recovery Professionals (R3) conducted a study to see how UK residents would cope in an emergency situation. A third of the respondents said they would find it “somewhat difficult” to settle a £50 bill, while 47% said the same about a £100 bill.

Another 60% said they would struggle to settle a £250 bill, and 67% would find it challenging to cover a £500 bill. Although this was a controlled study, it could mean that over half of UK residents are just one £500 emergency away from losing financial stability.

In tough situations, you may need an instant payday loan to cover an emergency expense when you don’t have enough money to cover it. Some of the emergency expenses you can apply for an instant cash loan include:

• Car repairs
• Emergency medical bills
• Home repairs, including roofing and plumbing issues
• Funeral expenses
• Large unexpected bill

Do I Qualify for a Payday Loan with Bad Credit?

With the rising unemployment rates and challenging economic times, 15.6 million UK residents have poor credit scores (according to research by Tymit) and find it hard to access loans from financial institutions. Debt delinquencies, failing to make payments on time, and bankruptcies all lead to bad credit scores.

This makes it hard to qualify for loans from traditional financing institutions. They consider borrowers with bad credit as high risk, which makes it difficult to offer loans with competitive rates. However, if your credit score is less than perfect, you can still qualify for a payday loan.

Direct online lenders don’t solely look at your credit score to determine your eligibility. Instead, they review other aspects, including your ability to repay the loan, and employment status. Sill, it is wise to look back at the past six years and see if there’s anything you can do to improve your credit score.

Quick Loans Express has a scoring system that considers your income, debt to income ratio, and employment status. This means you can apply for a payday loan with us even if you have bad credit.

Benefits of Instant Online Loans

Instant online loans are some of the most preferred forms of finance by people with bad credit. Unlike other types of loans, there is no lengthy application process. You also don’t need to apply in person or provide any collateral. You need to meet a few eligibility terms and conditions, and you can access funds ranging from £300 to £1000. Some distinct advantages of instant online loans include:

Easy Online Application

Instant cash loans are applied for online through an easy loan application process. They provide instant cash relief when faced with emergencies. This is particularly beneficial when you have an urgent need for cash. Just spend a few minutes filling out our application from the comfort of your home.

Instant Decision Time

Unlike brick and mortar lenders, where you have to wait for several days before your loan is approved, online lenders allow you to submit an application and immediately get a decision. Payday lenders require no credit score to provide instant online loans. If approved, you can get cash funded into your bank account within 1 hour.

Flexible Loans and Repayment Plans

Instant payday loans are flexible and can be used to meet several financial needs. Whether you need money for an emergency, home repairs, or medical bills, payday loans can help you with any urgent financial need. They also have affordable repayment plans that allow borrowers to repay the loan over several months.