Payday Loans Online with Doddler

A payday loan is typically used for financial emergencies, such as fixing a broken down vehicle, a broken boiler, or even helping with debt consolidation when you find yourself overburdened with debt.

Payday loans in the UK are not designed to be used for anything other than emergencies and absolutely essential costs and debts. You should not look to use a payday loan for frivolous or luxury purchases. Moreover, if you can find another way of getting the emergency money you need, it may well be preferable to getting a payday loan.

How Do Payday Loans in The UK Work?

UK payday loans function as unsecured loans and they require no assets to act as collateral. They will also typically not require a loan guarantor, meaning there is an increased degree of risk to the lender, which is often reflected in the interest rates applied to these types of loans.

Recently, the most popular way to request payday loans in the UK is online through a direct lender’s website or a loans connection service like Doddler.

As short-term loans, payday loans are designed to cover smaller expenses like home repairs or helping pay bills.

The process of getting a payday loan in the UK is quite simple. To get started, complete an online application using Doddler’s application service.

Once we receive your application, we'll promptly forward your details to our panel of trusted and FCA-authorised lenders to facilitate your payday loan. They will then make an assessment and will provide a decision whether or not they can fund the payday loan you need.

If approved, the funds will be swiftly deposited into your nominated bank account, allowing you to utilise and begin repaying your payday loan at the earliest.

How Do Payday Loan Repayments Work?

Payday loan repayments are set up and agreed to between the direct lender and borrower.

If you’re borrowing a payday loan, you will be given terms and agreements that you must comply with when repaying.

Generally speaking, payday loans are repaid on your upcoming pay date. In some cases, payday loans may be paid over a longer period if the direct lender offers this option.

The lender and borrower will typically set up a continuous payment authority, also known as a ‘CPA’ and each month on the same date, the agreed repayments will be taken from the borrower’s bank account automatically.

Here's our simple three-step process to apply for a payday loan. Please remember, funding is subject to approval.

1. Effortless Digital Submission: Start your payday loan request with Doddler.co.uk by filling out our user-friendly online form. Just supply some essential personal details, and you'll be one step closer to searching for the financial support you need until your next payday.
2. Opportunity to Connect with a Lender: Doddler.co.uk will make every effort to connect you with a trustworthy direct lender. While Doddler can't guarantee a match, we are devoted to increasing your odds of connecting you with a direct lender.
3. Seal the Deal and Receive Funds: If you're connected with a lender, it's time to finalise your payday loan application. If approved, you might receive your funds as soon as the same day.

We will need information about you, your income, and your past financial history. Our partnered lenders will assess your loan application against their lending criteria.

If your application for an online payday loan meets the criteria, we will connect you with our network of trusted lenders. All of the direct lenders we work with are FCA-authorised and regulated under UK law, so you can rest assured you’re in safe hands.

Can I Get a Payday Loan with Bad Credit?

Some of the lenders within our network may be willing to work with bad credit borrowers. Keep in mind that each of these lenders will have its own eligibility criteria.

However, some may consider income alongside credit when determining eligibility. As such, subprime applicants and those with very bad credit or poor credit ratings can still request to borrow money with Doddler in the form of 3 month, 6 month, 12 month and other types of short term loans online, up to £5,000.

If you fail to meet your scheduled repayments, your credit rating can be damaged further, leading you into the realms of bad credit or even very bad credit. Finding a payday loan with bad credit will be a little more tricky, as fewer lenders will be willing to lend you money with bad credit. However, the direct payday lenders we work with may be willing to consider applications for payday loans with bad credit.

Always make sure you only ever borrow what you know you can afford to pay back.

If you won’t be able to meet the scheduled repayments, do not take out an online payday loan. Taking out a payday loan when you can’t afford the repayments can result in a cycle of debt and bad credit due.

You should consider other options aside from a payday loan to help you through your financial emergency. These include borrowing from family and friends, selling unused items, or making use of your bank’s overdraft option.

What About Guaranteed Payday Loans?

There is no such thing as a guaranteed payday loan. Every lender will conduct a thorough credit check prior to determining whether an applicant is eligible for a payday loan. Therefore, lenders cannot guarantee an applicant’s eligibility prior to checking their credit history.

Nevertheless, Doddler works with a network of lenders that may be willing to work with super-prime and subprime borrowers.

What Can I Use a Payday Loan For?

People choose to take out a payday loan to cover a wide variety of expenses. Some people choose to use their payday loans to consolidate their existing debts into a single, more manageable expense. Other people use their payday loans in the UK to manage emergency expenses.

Financial emergencies include unexpected veterinary bills, vehicle or home repairs, and utility bills. Ultimately, you can use your payday loan to cover any personal expense that needs to be handled quickly.

When you apply to borrow a payday loan through Doddler, your application will be assessed to check your suitability for a payday loan. If you pass our strict eligibility criteria for borrowing, we may put you in contact with a direct lender who may be able to help you find a payday loan online.