High acceptance payday loans
Consider a credit line instead.
Are you looking for high acceptance payday loans? Try Drafty
A Drafty credit line works like a flexible pot of money you can access whenever you need to (up to the credit limit). You can withdraw funds as needed, like how you use a credit card, but without the card itself. At Drafty, we follow responsible lending practices and will only offer you a line of credit if you can afford the repayments.
Here’s what a Drafty line of credit can offer:
- Speed - You'll get a fast decision. And if approved, we’ll send the cash to your bank in under 90 seconds
- Borrow what you need – Apply for up to £3,000 and withdraw up to your approved credit limit when you need it
- Reuse - Once you’ve used Drafty, you can withdraw up to your agreed limit again. No need to reapply
- No fees – We don't charge any extra fees. Also, you only pay interest on what you use. If you don’t use any of your credit, it doesn’t cost you a penny
We’re an FCA-authorised and regulated direct lender. Our authorisation number is 689378. We only offer our credit line to those we think can afford it.
At Drafty, we’re proud of our customer service. See why we’re rated great on Trustpilot.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
What are high acceptance payday loans?
High acceptance payday loans are a type of short term loan designed to help people facing financial emergencies or unexpected expenses. These loans, typically offered by direct lenders, provide quick access to cash, often within a few hours. However, approval is not guaranteed. Reputable lenders will conduct credit and affordability checks to assess your repayment ability.
Despite this, high acceptance payday loans have a higher likelihood of approval, even with bad credit. It's important to remember that payday loans typically come with high interest rates and should only be borrowed when necessary.
Does Drafty offer high acceptance payday loans online?
No, drafty doesn't offer high acceptance payday loans. Instead, we offer a credit line. We carefully assess loan applicants on various factors, including creditworthiness and affordability. At Drafty, we believe people are more than just their credit file, meaning you can apply even with a poor credit history or a bad credit score.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
How is Drafty an alternative to high acceptance payday loans?
- Unlike traditional payday loans, which provide a lump sum amount, Drafty offers a line of credit of up to £3,000 that allows you to borrow smaller amounts as needed
- With Drafty, you have the option to make minimum monthly payments or pay off the balance in full. This flexibility allows you to manage your repayments, compared to payday loans that may have a minimum loan term or maximum loan term
- Drafty offers competitive interest rates compared to some payday loan providers. This can potentially save you money on interest charges over time
- We follow responsible lending practices, considering your creditworthiness and affordability. This helps ensure you are not taking on more debt than you can handle
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
What can I use Drafty for?
Drafty can be used for various purposes, including covering emergency expenses, managing temporary cash flow, financing home improvements or renovations and other expenses. Drafty allows you to borrow as needed and repay over time, providing convenience and financial flexibility.
Advantages of using Drafty over high acceptance loans
1. Flexibility
2. Repayment options
3. Reuse your credit line
4. You can apply even if you have bad credit
What is the eligibility criteria to apply for a Drafty credit line?
You can apply online with Drafty if you are:
- Aged 18 or over and employed
- Earning at least £1,250 a month
- A UK resident with an active UK bank account and debit card
After you’ve provided the required details, we’ll do some credit and affordability checks. If approved, we'll agree on a credit limit and send cash to your bank within 90 seconds.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
How to apply for a Drafty line of credit?
At Drafty, we offer an alternative to high acceptance payday loans. Here's how you can apply for a line of credit.
- Apply – We need a few personal details to help us understand who you are
- Set a credit limit – If approved, you’ll be given a credit limit of up to £3,000. You can use it as per your requirements, paying interest only on what you use
- Flexible payment – You repay a minimum amount every month. Want to repay early? That’s fine with us! We don’t charge anything extra. Also, it’s easy to make payments through our app
- Fast Cash transfer – Use Drafty whenever you want, and we’ll send the money to your bank in under 90 seconds
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
How much can I borrow from high acceptance payday loans direct lenders?
Are high acceptance loans a scam?
No, high acceptance loans are not necessarily a scam. However, it is important to do thorough research before applying for any loan. Some lenders may take advantage of individuals in need by offering high acceptance loans with high interest rates and hidden fees. Responsible lenders will never offer guaranteed approval.
Even with high acceptance rates, responsible lenders still need to do a credit check. Being vigilant and informed can help you avoid falling victim to scams and make responsible borrowing decisions.
What are the alternatives to high acceptance payday loans?
1. Line of credit
2. Short term loans
3. Interest-free credit card
Contact Drafty today
- Live chat - Log in or create a new Drafty account to speak to our team through our live chat function
- Drop us a message - If you'd like to send us an email, checkout our contact us page and drop us a line. A member of our friendly team will answer your questions as soon as possible
- Give us a call - We're here to answer your calls on 0203 695 8072 from 9am to 6pm Monday to Friday, and 9am to 1pm every Saturday#
FAQs - high acceptance payday loans
Is Drafty a high acceptance loans lender?
No, we don't offer loans. We offer a line of credit up to £3,000 with a flexible repayment schedule.
Can I apply for a high acceptance payday loan if I have bad credit?
Yes, some lenders might offer you payday loans even if you have a bad or low credit score already. Keep in mind that having bad credit may affect the loan terms, such as the interest rate or the amount you can borrow. It's always a good idea to compare different lenders and their requirements to find the best option for your situation.
Can I apply for a high acceptance payday loan online?
Yes, you can apply online. Many lenders in the UK offer loans online, making the application process quick and convenient. To apply online, you'll need to provide your personal and financial details asked by the lender in the application form.
Can I get a high acceptance payday loan without a credit check?
If a payday lender claims to offer loans without these checks, they are likely not legitimate. Any payday lender or other FCA-regulated lender must always carry out a credit check on you before advancing you a loan.
Drafty is an FCA-authorised provider of a Revolving Line of Credit with a credit limit of up to £3000, available to borrow as and when you need it (subject to affordability checks). You only pay interest on what you draw/use.
Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
There is no set minimum or maximum repayment term, so long as the minimum monthly repayment sum is met, however, you may repay back early without any fees and save on interest.