£1500 Bad Credit Loans.

We are here for you.

Fast affordable online loans for bad credit scores.

100% secure online application process

Money can be sent in just 15 minutes#

Applying does not affect your credit rating

Thousands of loans found every month

Representative APR 49.9%

Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1628.28, Total Interest: £428.28, Interest Rate (Variable): 49.9%. Rates between 9.3% APR to Maximum 1294% APR

The Money Shop is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker not a lender. Loan repayment terms are between 3 and 36 months.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

£1,500 payday loan

For most of us, £1,500 is a lot of money, but in terms of figures, and in particular, loans, it’s not considered a large sum and is usually given as a short-term credit option. It sits on the large size of ‘payday’ type loans from alternative money lenders and, as such, is usually used to make a big purchase rather than to cover the cost of unexpected bills or emergency costs. But whatever you use the money for is completely up to you.

At The Money Shop, £1,500 is one of the most popular loan amounts sought by customers because it’s a sum that helps open doors to new experiences and purchases.

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Who is eligible to apply for a £1,500 payday loan?

The eligibility criteria to apply for a loan with The Money Shop’s panel of lenders is considerably less than that stipulated by more traditional providers, so more people are likely to be able to qualify for and receive a loan than many may expect. The basic criteria an applicant for a loan must meet includes:

  • The applicant must be aged 18 or over.
  • The applicant must be a UK citizen or resident.
  • The applicant must hold a bank account in the UK, registered in their own name.
  • The applicant must be employed, either through a business or their own self-employment.
  • The applicant must receive a regular income.

These criteria must be supported by relevant ID or residency documents, copies of payslips and bank statements.

By closing your unused accounts, you can focus on consistently paying off any debts held in your main credit accounts and prevent future lenders from seeing you as a high-risk prospect.

What is the application and approval process for a £1,500 payday loan?

Applying for a loan with The Money Shop is as easy as filling out a small online form. Unlike more old-fashioned finance providers, there’s no requirement for face-to-face meetings or lengthy application processes. As a result, the majority of approvals are within minutes. We require further information from those applicants who may receive a call or email from one of The Money Shop’s lenders to clarify any further points.

Your questions, answered

Once approved for a loan through The Money Shop, you can expect to receive the money in your bank account within hours. In some circumstances, such as at weekends or bank holidays when we’re unable to make immediate cash transfers, there may be a small delay, but the lender will let you know in advance how long you can expect to wait, and it should always be with you on the next working day.

The term ‘payday loan’ often refers to short-term loans that must be repaid in full within the month, i.e., at the next payday. At The Money Shop, we consider ourselves more than just a ‘payday’ broker and our lenders offer a variety of flexible repayment schedules as a result.

Unlike traditional loans granted by banks, The Money Shop and our lenders work with you to offer a repayment schedule that fits around what you can afford and when you can afford it. This includes taking into account your paydays and spreading the cost over a longer period if that’s what works best for you.

Yes, the FCA regulate payday loan lenders. In 2015, the Government’s FCA (Financial Conduct Authority) introduced new legislation to limit the interest and other associated fees that borrowers have to repay. The new rules saw several large companies go out of business, proving that the most unethical of providers weren’t able to operate fairly and in a way that benefited consumers above their bottom line.

The Money Shop only work with reputable lenders, allowing customers to borrow only what they can afford and pay it back with fair and appropriate charges. What’s more, we aim to be as transparent and upfront as possible about our processes. Please read on for more information but if you have any other questions or queries, contact The Money Shop team to discuss.

The Money Shop is an alternative loan broker; that is, it’s a company you can approach for a loan that isn’t your existing bank or building society. The Money Shop has a range of lenders, with loans available to suit all budgets and requirements. If you’re unsure of just how much you need or how you could best schedule repayments around your income, our team of expert staff are on-hand to chat. We don’t offer chartered financial advice based on your circumstances but can advise our products and services to identify how they may work for you. Just get in touch.

If you’ve got all of the information you need and have decided that you’d like to apply for a loan with The Money Shop, you can do so online by filling out the application form. For the most part, this covers the basic personal information and our eligibility criteria, as stated above.

We understand that not everyone wants to approach their bank or building society with a request for a loan or further credit. The Money Shop is a regulated broker that operates entirely independently of any other financial provider and won’t pass on your loan details to them. What’s more, the repayment of a loan from The Money Shop on time and in full can help improve your credit score by the continued demonstration of the responsible fulfilment of financial obligations.