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Where to get a cash loan in the UK

If you have defaulted on any of your earlier credit agreements, this will be recorded by credit reference agencies for the next 6 years. This will make it very difficult to get a fast cash advance loan or overdraft facility from your bank. They only want customers who have a good or excellent credit history. However, you can get a cash loan in the UK from a specialist bad credit lender.

If you have collateral, such as gold or jewellery, you can get a quick loan from a pawnbroker. Just take in an item of value and it'll be assessed. You'll normally be able to borrow up to 50% of the item's net worth for a period of up to a month. You won't have to pass a credit check and it doesn't matter if you're currently out of work. The money will be handed to you within just 5 to 10 minutes.

Not everyone has collateral. If this is the case, you may be able to borrow up to a £1,000 from a payday store. They offer quick cash loans for employed people, but there are no credit checks. You just need to be a UK citizen, over 18, have your own bank account and be able to provide 2 forms of identification. Once approved, the money will be sent to your account within 24 hours.

Door-to-door lenders, such as Provident Personal Credit and Greenwood Personal Credit, allow new customers to borrow up to £500 and spread the repayments over up to a year. This contrasts favourably with other lenders who only offer you money for just one month. Provided that the repayments are affordable, you don't need to be in a job to get acceptance.

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