Direct Lenders For Bad Credit

Here at PM Loans, we are direct lenders for bad credit – so we are able to take a view on less than perfect credit scores and help you borrow between £50 to £1,500. As a direct lender, we will be the company who you work with from start to finish.

To start your application, simply click on the apply button and it will take under 5 minutes to complete our online application. You will receive an instant decision letting you know if you have been successful or not and, further to some additional checks, funds can successfully be transferred to your bank account within 1 hour.

What is a Direct Lender?

A direct lender is one that allows you to apply for a loan directly with the company, rather than the likes of brokers who work with a panel of lenders. in the case of payday loan brokers, they simply take your information and put it to various direct lenders, acting as the ‘middleman’ rather than the actual provider of the money needed.

Why apply with PM Loans?

As a direct lender for bad credit, we are able to offer you loan amounts from £50 to £1,500. With the option of choosing monthly repayment options from 1 – 12 months. We are also a broker, so if unfortunately, we cannot offer you a loan. We can send your application to our panel of lenders increasing the chances of getting a loan.

Our application is online and with no fees for applying (please note that we may need to contact you via text, email or call in connection with your loan application and any results thereafter), we are the perfect loans partner to help you get the finance you need.

Here are some reasons why people like applying with PM Loans:

  • No guarantor required
  • Bad credit considered
  • Same day funding
  • Instant decisions
  • No upfront fees

Can I get approved for a loan with Bad Credit?

Yes, as a direct lender for bad credit we are willing to take a view on customers with poor credit. We are more interested in your current financial situation and your ability to repay your loan on time through your employment and income, and not your past history.

With this in mind, we are willing to consider bad credit loans and anything you can do to improve your credit ratings such as paying off any debts or closing any unused cards or accounts you do not use will always maximise your chances of approval.

What is the eligibility criteria?

To be eligible to apply with PM Loans, you must be over 18 years of age and a full-time resident in the UK. Other basic criteria include:

  • Employed and able to make monthly payments
  • Valid UK bank account
  • Valid mobile phone and email address

Once your loan application has been completed, we will typically carry out a series of credit and affordability checks. To ensure that you can afford to make monthly repayments. This may involve adjusting the amount that you wish to borrow to find the best amount for you.