Alternatives to Payday Loans

For a long time, Payday loans have been a popular option to fix the situation when a financial emergency arises. Often, a small amount of money is needed quickly which can be repaid as when payday comes. If a slightly larger amount is needed before payday, this can read to problems paying it back in a single payment. Short term loans are a perfect alternative to payday loans. At BingoLoans, we can make the process smooth and quick.

Alternatives to Payday Loans UK

The most cost-effective alternative to a payday loan is to talk to your bank, ask for an overdraft or maybe talk to family about borrowing a small amount.  If you still need cash fast and other options aren’t available to you, a short term loan might be a better solution.

An instalment loan allows you to spread the amount you need to borrow over a number of months. This makes the payments smaller meaning you might find it easier to repay. In certain circumstances, it could even help you improve your credit score.

Alternative Loans to Payday Loans

When it comes to payday loans, they are usually a small cash amount of about £100 to £500. However, if you’re looking for a larger lump sum of cash, why not try a short term loan? With repayment options upto 12 months, you are able to borrow upto £1,500. Please bear in mind that the more you spread the cost, the more interest you will have to repay.

Alternatives to Payday Loans for Bad Credit

If you’re looking for a responsible lender to provide you with a quick and completely online alternative to payday loans, then turn to BingoLoans. Our fast cash loans can often be with you the same day, which can be just what’s needed when you’re struggling with a financial emergency. Having a less than perfect credit score can make it hard to obtain a loan. However, whilst carrying out the necessary credit and affordability checks, we do not judge solely on a credit score.

Alternatives to Payday Loans with Bad Credit

If we are unable to provide you with a loan, there are plenty of alternatives to try out. One alternative to payday loans is to ask friends or family members for a short loan to tide you over. If you do decide to borrow from family though, make sure you:

  • Work out your budget and how you plan to repay them
  • Talk through what will happen if you’re late paying it back or don’t repay it at all
  • Put your agreement in writing, so you can confirm later what you agreed

Our service is quick and hassle-free throughout your application, and while we can’t 100% ensure approval of your application, we will do our best using the information that you provide.

Best Alternative to Payday Loans

If your application is approved, then you can even get your emergency cash the same day in a lot of cases! We can do all the work when it comes to finding you the very best loan to suit your needs. We value our customers and their time, and we understand that a quick answer is what you need. With BingoLoans, you can be sure that you are in the safest of hands.

Apply Today!