Bad Credit Payday Loans

The price of a payday loan is typically much higher than one from a high street bank. This means that you'll typically pay more for the same amount.
A traditional loan is typically paid off over a longer term, which means that unexpected costs are covered by the borrower faster. A payday loan will generally be paid in a shorter time, which may put some pressure on the borrower, particularly if other unexpected expenses arise during the repayment term.
There is a risk that a payday loan may be utilized as an overall loan. This kind of loan can be expensive and is not recommended to pay for unexpected expenses that arise in the short-term.

Do I put my credit rating by applying for a loan with bad credit?

A credit search will be required for most loans. This credit search will be recorded in your credit history. A negative credit score could be created if there are more rejected loans.

This can be a benefit of using reliable credit brokers like Omacl since only one credit search can be completed.
A brief overview of Bad Credit Payday loans

This kind of loan should not be used for emergencies.

We can help you get an credit report and increase your credit score in the event that you are unsuccessful. You will also be able access other loans at a lower price if you follow the repayment schedule if you do succeed.

Please contact Omacl's friendly team if you have any questions or need additional information.
Do I require an approval from a credit bureau to obtain a payday advance?

Omacl.co.uk is not able to conduct credit checks. After you have been granted a loan you will be notified of an offer from one our lending panels. The lenders will conduct a soft research to verify that you can afford the loan. It is a legal requirement to perform affordability checks. This type of search won't permanently mark your credit score.



What is the quickest time I will be able to pay my payday loan?

Most loans are paid within an hour of customer approval. Although this may differ between lenders, we try to have every loan paid out as fast as we can. If you don't receive your funds within 60 minutes we will contact you to get an update.



What is the process for making an application for Omacl loans?

The process of applying for a loan takes just a few minutes from beginning to finish. You will get an immediate response regarding the loan. The application process is easy and we won't contact your by telephone or postal mail. Please fill out the application to get started.


Do I still qualify for payday loan even though I have bad credit?

We'll give you a decision on the loan application. Simply fill out the online loan for bad credit application. It takes only about a minute. We accept all payday loan applications, regardless of credit rating. We offer the best approval rate, with more than 90% of applicants granted a loan.


Omacl is listed in the FCA Register
Omacl is a registered trading name for Chojin Ltd, is authorised by and regulated by the Financial Conduct Authority. Please refer to the reference number to see our registration status. 732880 .

Get free financial advice
Visit the following websites if there is a problem with your debt or you're unable to make loan repayments. They all offer impartial and free assistance.