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

Instant Online Payday loans

From the best UK Direct Lenders

How much?

Representative Example: Borrow £200.00 for 60 days. Repay in 2 payments, first payment in 30 days

Each Payment: £147.04. Total Repayment: £294.08, Interest: £94.08.

Interest p.a: 365%(fixed). Representative APR 1058%

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A personal loan can help you take control of your finances.

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Our customers rave about Virtuloan. We’re just happy to help.

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Number of Applicants
with Bad Credit

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Applications
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Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.

Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

The Different Kinds of Loans

There are many different types of loans for many different uses, this means that it can be quite difficult to find the right loan to suit you and your needs. We are able to help you find the right loan for you no matter what it may be.

For more information on the types of loans that we do at Virtu Financing click on our drop down menu here >>

If you are having trouble deciding still then feel free to use the Contact Us page to ask for some professional help on what might be best for you.


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Choose a loan option that works best for you.

No late fees

What you see is what you get – no hidden or late fees.

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The Lenders List

Loan amount
15000
Loan term
3 months
CUSTOMERSCORES
Good
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Loan amount
12000
Loan term
2 Months
CUSTOMERSCORES
Excellent
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Payday Loans in the UK: Finding the Best Loan Solutions

Due to the incessantly increasing demands for loans and other loan services, as well as the subsequent surge in the number of borrowers left with unpaid debts, traditional lending firms and institutions have agreed to come up with solutions that would help ease such problems in the long term. As a result, a credit scoring system was developed and designed to work towards the lending institutions’ agreed ends. With this credit scoring system in place, lending institutions and firms were easily able to classify borrowers according to their ongoing financial conditions. Borrowers whom the lending institutions and firms believed to be unlikely to be capable of paying off their loans in the future were easily segregated from borrowers whom they perceived to be likely capable of paying off their debts with little to no problem at all. Under this credit scoring system, individuals who have income levels that do not meet what the lending institutions have prescribed as the minimum were consequently given poor credit scores, while borrowers who — regardless of their reasons — frequently or repeatedly missed out on their payments automatically had their financial records indicate their bad payment histories. As a result, individuals and other borrowers with bad payment histories and poor credit scores were automatically precluded from acquiring any loan from any of the standard lending institutions. And while this credit scoring system proved to be very helpful to the lending firms, its effects proved to be highly detrimental to the borrowers’ finances.

why choose payday loans

Since individuals and other borrowers with bad payment histories and poor credit scores were no longer allowed to secure loans from any of the legitimate lending institutions, borrowers who faced difficult financial situations were often left with very little, often either extremely uncomfortable or just downright impossible financial options. Because borrowing from friends and family or selling off personal properties to raise money can not always be plausible, and are never easy, a lot of borrowers with poor credit were often left to resort to illegal loans from underground lending firms. And while through this option, borrowers are indeed provided with the temporary monetary relief that they urgently need, the long-term consequences associated with these types of loan services often leave many in even worse financial circumstances. Because of the excessively high interest rates inherent to illegal loan services, borrowers often find themselves in perpetuated difficult financial crises.

Getting Payday Loans for Bad Credit

As the number of borrowers with bad credit who find themselves in similar perpetuated financial crises continued to increase, a whole new market comprised entirely of borrowers with bad payment histories and poor credit scores was eventually created. And as lending firms and institutions attempt to address the continuously growing demands for better, more affordable, safer, and more flexible financial solutions, they later on came up with innovative new loan options. With innovative new loan services such as payday loans for bad credit, borrowers now have better, more flexible, and a lot more secure loan options to rely on especially in times of urgent financial situations. Through innovative new loan services such as payday loans for bad credit, borrowers now have more convenient and a lot faster loan alternatives to turn to in times of financial crises. Unlike applications for conventional loans commonly offered by traditional lending institutions and firms, application procedures for innovative loan services like payday loans for bad credit do not necessitate having to submit impossibly hard to secure requirements. With innovative loan solutions such as payday loans, borrowers need not even have to wait in long lines for hours just to submit their loan applications.

How to Get Payday Loans and Instant Loans for Bad Credit

With payday loans and instant loans for bad credit, borrowers now have easy access to more convenient and much faster loan alternatives. Through innovative loan services like payday loans and instant loans, borrowers may now enjoy the convenience of being able to submit their loan applications even without having to leave the comfort of their own homes. Because loan applications can now be accomplished completely online, borrowers now enjoy the convenience of being able to submit their applications from anywhere, and at anytime. And since everything can now be completed entirely over the internet, loan applications are now processed the moment that they are submitted. Because of this, approvals of applications for innovative loan services such as payday loans and instant loans for bad credit may now be expected in as little as mere minutes after the applications have been processed. The release of funds for approved payday loans, on the other hand, may now be completed in as little as hours after they were processed.

Due to these convenient features of payday loans and instant loans for bad credit, these loan services actually make good financial alternatives in addressing urgent financial crises. But since payday loans and instant loans are generally small loans that are typically arranged for borrowers to repay over short payment terms, they do not make the best loan solutions in addressing more complicated financial conditions. In addressing financial situations that require loans in higher amounts and longer payment terms, borrowers are always better off acquiring secured loan options, which they can easily repay over much longer and much more convenient payment terms.

Getting Payday Loans from Direct Lenders

Just because borrowing from the lenders directly does not involve having to pay for loan brokers’ fees, it does not necessarily follow that this option provides more benefits in the long term. A lot of borrowers fail to realise that because loan brokers maintain a network of connections to various lenders across varying regions, they consequently have unrestricted access to all their discounted lending services. Due to this, borrowers who opt to avail of loans through loan brokers’ services actually enjoy a lot more savings and far more benefits in the long term. And since loan brokers provide their clients with expert financial advise, borrowers who avail of their services are ensured the best loan options according to their unique financial conditions.

why choose payday loans

 

3 most recent personal loan reviews

Review of Money

Absolutely outstanding service. Quick and smooth online application and was called 4 hours after submission to confirm bank details etc and treated me and my guarantor with respect. Money was in my bank at 7pm. Thank you Money loans!

Review posted by Kerri Hancock, Leicester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Bizzy Loans

I do have to say, one of the best loan sites I have come across, they make everything so easy, with not very good credit history I didn't think I had a chance but they accepted me and I can get my life back on track. Thank you again Bizzy loans.

Review posted by Luke Ridgewell, Chesterfield

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Place For People

A really simple, quick and efficient system to use. The interest rate is a bit steep but it reflects the risk of lending to borrowers with poor credit ratings so I will not complain about that. Being able to pay off extra amounts with out penalties and only paying interest on the amount remaining makes it extremely fair to borrowers.

Review posted by Alan Pinder, Truro

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from uk.trustpilot.com to guarantee authenticity.