If you have a poor credit rating then you may find that the traditional sources of lending are not available to you. This is because most of the major lenders such as the high street banks decide whether or not to lend money based on your credit rating.
If you are having trouble getting finance or a loan then one place you can turn to are the online payday loan providers. These are specialist lenders who can provide loans to people in adverse credit situations. This means that if you have previously been turned down for a loan or have been refused credit then a debit card loan is one option for you.
You can get a small cash loan online, usually up to about £750 and you will usually be able to borrow this money for up to a month. You can however extend the length of time before you have to repay the money by getting a 3 month loan.
If you need your money quickly then payday lenders can usually ensure the cash loan is in your bank account within 24 hours. It is possible however to get your money the very same day but this depends on how early in the day you apply for the loan and if your circumstances are straight forward.
You do however need to meet some basic requirements for you to qualify. You should be a UK resident of at least 18 years of age. Depending on your current situation and circumstances will affect the rate of interest you will be charged and how much you can borrow.
If you are in full time employment and have been with the same employer for the last 3 months then you will be more likely to qualify for a larger loan. You can however be considered if you work part-time, receive a pension or disability benefits or are unemployed in some cases.