High Acceptance Loans


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What is a High Acceptance Loan?

Just like its name implies, high acceptance loans are loans that have a high approval or acceptance rate. These are high acceptance payday loans that are offered by direct lenders.

When you apply for these types of loans, you have a higher rate of approval as an applicant, no matter your credit history. This means that even those with a bad credit history will stand a high chance of having loans approved.

In cases like these, direct lenders look at many factors surrounding the application, apart from just credit scores. Loans like these are perfect if you need quick cash for unplanned situations and emergencies.

Do These Loans Guarantee 100% Approval?

The short and direct answer to this is no, there are no such things as 100%. Sometimes, certain direct lenders will claim that their loans are 100% guaranteed loans. However, the truth is that guaranteed approvals are simply not possible.

All lenders in the UK are subjected to regulations, and these regulations require that all loan applicants have to be checked and put through an approval process. The usage of the term 100 approval loans is therefore misleading.

Lenders who claim that your loan application will definitely be approved are not being honest with you and you should do your best to be careful of them.

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Is the Acceptance Still High If I Have Bad Credit?

Although your credit score may be bad, there is still a high chance that your loan application will be approved by high-acceptance payday loan direct lenders.

High acceptance payday loans can be approved if you can show proof that you have sufficient income to pay back the loan within the next pay cycle.

Additionally, direct lenders will also consider your loan affordability, which is the amount that you can realistically pay back with your next income. If you have the ability to repay that certain amount, you’ll also likely be approved.

How Much Can I Borrow From a High Acceptance Loan?

An easy acceptance loan is one that is usually a payday loan. This means that it isn’t a high amount. Usually, direct lenders will lend you between £50 to £5000. As you can see, the money that’s being lent isn’t much.

Usually, high approval loans are not meant to be used for long term financing solutions. Instead, they’re meant to function as a stop gap measure until your next income arrives.

The amount that you apply for has to be realistic. Direct lenders would prefer it if you consider your financial affordability before deciding how much you can borrow. Do not borrow more than you can repay within that short amount of time.

Looking to Borrow Money Easily?

1 month

Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).

How Can I Improve My Chance To Get Loans In the Future?

There are several ways you can do this, including:

  • Paying your bills on time. Prove that you’re a conscientious paymaster.
  • Avoid moving house constantly. This is a red flag that may make lenders suspicious of your motives.
  • Sign up for the electoral roll. This can be done online and gives lenders an official reference point regarding your address.
  • Check for mistakes on your credit file. Ensuring that your address and other details are correct will minimise false credit scores.
  • Keep credit utilisation below 30%. Everyone has a credit limit based on their income, and you should strive to keep yours as low as possible.

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High acceptance loans can help you when you get into a bind. Thankfully there’s a way out and all you have to do is provide the necessary documents and proof of income.

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