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.


Number of Applicants
with Bad Credit


Paid Out


Plan Term Periods
Paid Back Early



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

Virtuloan is a credit broker and not a lender. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.

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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The Top 5 Pitfalls of Payday Loans No Credit Check

You probably heard about the negative rumours surrounding payday loans No Credit Check. Many people think that payday lenders are just hell-bent on stealing money through outrageous interest fees and penalties. Whenever predatory lending is discussed, payday loans no credit check will have a portion of the spotlight. That’s not always the case; payday loans no credit check or cash advances are flexible debt instruments that can get you out of financial dilemmas.

Perhaps it’s important that experts focus on the habits of payday loans no credit check borrowers. After all, the lenders are just offering services to borrowers. By understanding the pitfalls and negative habits of payday loans no credit check borrowers, you’ll gain a much-needed financial edge.

“One-Day Millionaire” Mindset

Most payday loans no credit check applicants operate on the ‘one-day millionaire’ mindset. This means that once they got their money, they go to different malls and outlets, ready to splurge. Instead of using the payday loans no credit check for something worthwhile, borrowers chose to buy gadgets, new clothes, makeup, expensive groceries, and countless other items. Now, there’s nothing wrong with buying stuff you want or need. But if you’re going to use a debt to fund your lifestyle, you’re going to sink. Debts should be used as startup budget for a project or for resolving emergency situations. If you’re guilty of the one-day millionaire mindset, you should rethink before applying for payday loans no credit check or any other type of loan.

The Relentless Debt Cycle

Overspending is one of the main issues of payday loans no credit check borrowers. Another issue that must be explored is the relentless debt cycle. You’re probably aware that payday loans no credit check have variable interest rates that seem to climb over time. On top of that, you also need to shell out penalties if you missed a payment. Through guaranteed payday loans, direct lenders have no credit check systems – making the loans attractive to borrowers. Victims of the relentless debt cycle use payday loans no credit check to repay their other substantial debts. This is very, very wrong. Just do the math – supposing you owe £2000 with £150 interest to a lender and you want to get him off your back.

Now, you approached a payday lender to borrow £2500. That’ll give you extra money to cover expenses. But don’t forget that the payday lender can charge you an interest of £250. You’re basically on the negative! The relentless debt cycle is a common situation in depressed areas. Borrowers are trapped in this scenario and their financial lives are barely hanging on a thread.

Lack of Concrete Repayment Plan

A loan, no matter how big or small, is a responsibility. It’s your duty to repay the loan along with interest and other fees. It’s what you signed up for. Most borrowers are just content with putting the debt on the back of their minds. After a week or two, the loan is forgotten and the due date has finally arrived. You can solve this problem by creating a detailed loan repayment plan. As much as you can, include your strategies and challenges in the plan. Be explicit about the substantial debts that you must pay. You can even put remarks in your plan to help you remember special repayment conditions. The repayment plan will make your life easier, and will also help you make financial decisions.

Total Reliance on Payday Loans

Just like the relentless debt cycle, over-reliance on payday loans no credit check is dangerous. Victims of this trait turn to payday loans whenever they encountered a pressing situation. Instead of finding other alternatives, the payday loan appears to them as a glorious solution. Indeed, payday loans no credit check are marketed as solutions to your financial woes. Occasionally applying for a payday loan is good; relying on it is not. If you found out that you exhibit this pattern, maybe it’s time for a perspective shift. Why not try raising your income level? Take some odd jobs to increase your earnings and provide better stuff for your family. Bear this in mind: payday loans are your last cards. Don’t squander them over nonsense things.

No Active Savings Account

Many payday loan borrowers don’t have savings accounts. While this is indirectly related to payday loans no credit check, a savings account will help you cover rainy days. Your savings will serve as your contingency fund. Whenever something happens, you can use up a portion of your savings account instead of relying on unsecured loans. Once you’ve opened a savings account, make sure that you don’t touch it. Save it for emergency situations. Every month, be responsible enough to put a percentage of your earnings in your savings account.

If you want to benefit from payday loans, you have to be vigilant and stay away from these pitfalls. Rather, use your new payday loan to find additional sources of income or to build profitable businesses.

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 https://uk.trustpilot.com/ to guarantee authenticity.