High Acceptance Loans

Need quick financial relief? Fill in our application and leave the rest to us. Your chances of getting accepted by one of our lenders are high, even if you have bad credit!

Fiona Peake

Written by:

Fiona PeakeExpert Financial Writer
Updated on: Mar 20, 2023

What Are High Acceptance Loans?

High-acceptance loans are those in which the lender approves most loan requests - more than 90% in general. Other loan types consider credit checks more critically, which is the main reason why most borrowers’ loan requests are rejected. With high-acceptance loans, you can apply despite a bad credit history, and one of our lenders will evaluate your loan repayments with proof of sustainable income.

Instead of getting scammed later by applying with a lender that promises a 100% acceptance rate, it’s better to choose from a high-acceptance loan payday lender. Lenders under FCA regulations can’t offer loans with 100% acceptance rates. So, if a lender is offering guaranteed acceptance, they’re operating outside FCA guidelines and should be avoided at all costs.

Even though the acceptance rate isn’t 100%, there’s a good chance you can borrow money from one of our lenders. The main thing lenders focus on in high-acceptance loans is repayment ability. If your income is regular and enough to repay the loan in full and on time, then this type of lender is highly likely to approve your loan request.

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Reasons To Look For High-Acceptance Loans

While high-acceptance loans don’t guarantee your success, they’re secure, safe, and trustworthy - as long as you pick a reputable lender. We only work with FCA-authorised lenders, and will never advertise 100% acceptance loans.

If you’re thinking about applying for 100% acceptance rate loans because of your bad credit, it’s better to be safe than sorry by applying through a trusted lender with high acceptance loans instead. Remember, these lenders don’t abide by FCA regulations and can add additional interest fees without prior mention.

High-acceptance loans are also considered a favourable option for borrowers due to their fast processing. As this type of loan doesn’t involve application and eligibility reviews, you’re much more likely to receive the loan more quickly. Ideal if you’re in a bind, especially in cases where money is required for an emergency.

Overall, applying for a high-acceptance loan is a safer way to get the money you need. High-acceptance loan lenders have secure processing, FCA authorisation, and reliability.

How much would you like?

12 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).

What's the Acceptance Rate for Payday Loans?

There’s no exact figure on the acceptance rates of payday loans. It depends on how many high-acceptance payday loans direct lenders approve.

Normally, though, you have the best chance to get your loan request approved compared with other loan types. Since payday loans are short-term as well, lenders usually only conduct a hard credit check and primarily focus on the repayment ability of the borrower in the specified duration according to monthly income.

At FastPaydayLoans, we have a 97% approval rate for the loan requests that we forward to our partnering lenders. As long as you fit the eligibility criteria and can repay the loan, your bad credit rating shouldn’t be an obstacle to getting the money you need.

Can I Get a High Acceptance Loan with Poor Credit History?

If you’re in urgent need of financial relief, you shouldn’t be turned away because of your poor credit history. It’s why loans such as high acceptance loans exist, to assist those with bad credit ratings who are in real need of a cash injection.

While there’s never a 100% guarantee that your loan request will be approved, high-acceptance loans are named as such for a reason. They’re ideal for anyone who needs to borrow a loan for urgent expenses, especially those with bad credit.

The eligibility of these loans is mainly based upon affordability, otherwise called repayment ability. After reviewing your application, if a lender deduces that your sustainable income is sufficient for timely repayments, you’ll get approved for the loan.

How Do I Improve My Credit Score to Get Approved?

Credit scores may not be a critical factor for bad credit loans and high-acceptance loans. However, if you’re trying to improve your chances of getting it or applying for another loan type with strict credit check requirements, improving your credit rating is one way to better your chances. Here are some things you can do to boost your credit score for future applications.

Electoral Roll Registration

While most people aren’t aware, registering on the electoral roll can increase your credit score by a few points, and it’s super simple to do! Signing up for the electoral roll takes just a few minutes, and helps companies and concerned organisations verify your identification and address easily.

Keep a Check on Your History

It’s not uncommon for a mistake to appear on your credit history, but not keeping an eye on your report can lead to errors being missed, which can harm your credit score. An incorrect amount, incorrect missed repayment alerts, or even inaccurate personal, residential, or contact details can take a toll on your credit history. The good news is that all you need to do to avoid these issues is to check it at least once a month and to contact the relevant places as soon as you spot an issue so that this can be corrected or removed.

Prompt Repayments

Repay your credit card bills, debts, and other financial expenses on time, and you’ll help to keep your credit score up. Lenders need to know that you can make repayments without delaying them, and regular repayments before taking out another loan are one way to show you’re a responsible lender.

Lower Credit Utilisation

Even if you make timely repayments, relying excessively on your available credit is another bad indication for credit check bureaus and loan lenders. Save up money as an alternative, and try to keep your credit utilisation below 30% to prove your responsible financial spending habits.

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