100% acceptance loans or guaranteed loans can look like very attractive credit options, whether you have bad credit or need quick access to cash, but is there really such thing as 100% approval? At QuidMarket, we do not offer 100% acceptance loans, but we are firm believers in providing as much information about available loan types as possible to help you make an informed decision. On this page, we will be covering 100% approval loans, what you should look for if you need a loan approving quickly, and the ways in which you can improve your credit score to help you secure a loan in the future. Hopefully, we can help you to make an educated choice about which loan is the best option for you.

What Is A 100% Acceptance Loan?

With most lenders, there is an approval process that each application needs to go through before any funds are transferred to a borrower. However, with some lenders, they may advertise that they offer 100% acceptance loans, which can imply that there is no approval process and no checks are conducted before approving your application. But do 100% approval loans really exist? In short, the answer is no and you should be very wary of lenders that offer them. There should always be lending criteria that an applicant needs to meet and checks should be taken to ensure that borrowers can sustainably afford repayments. If these are not in place, the lender in question may not have your best interests at heart and you could end up in financial difficulties.

If you have a less than perfect credit score, instead of seeking a 100% approval loan, you should instead look for loans that are based on affordability. While this type of loan does involve a brief check on your credit score, the lending decision is mainly made on your monthly income and essential spending. This is to make sure that you have the means to pay the loan instalments each month and ensure that you are not left out of pocket.

How much do you need?

£300 £1500

For how long?

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This is for illustration purposes only. Your repayment schedule will be confirmed during your application

*All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1299.7% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

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As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer.

What Are High Acceptance Loans?

Unlike 100% acceptance loans, lenders that advertise high acceptance loans are more trusted. This is because they are not telling borrowers that their applications will be guaranteed approval, but instead, offering loans that have high acceptance rates and no approval guarantee. A high acceptance loan is usually based on affordability, so if you are able to show that you have a stable income and enough money left after essential spending, you will most likely be accepted. However, as there is no guarantee, if the lender believes for any reason that you will not be able to make monthly repayments on your high acceptance loan, you may be turned away.

Reasons To Look For 100% Approval Loans

The main reason why someone may be looking for a 100% acceptance loan is that they are worried about failing a credit check and having their application denied. By searching for a 100% acceptance loan, they may be hoping to bypass any credit checks and avoid lenders seeing their bad credit history. However, all loans require checks, so it is not recommended that you apply with lenders that advertise 100% acceptance loans.

Another reason why someone may be interested in a 100% approval loan is that they need access to cash quickly. The idea that the approval process may be shortened for a fast lending decision could be very appealing to someone in an emergency loans situation to quickly cover the costs of car repairs or a broken down boiler, for example. However, if you do need to handle an emergency or unexpected cost, you should try to avoid lenders that advertise 100% approval loans to avoid any further financial issues. Instead, there are several other options available, such as payday loans, that will help you to cover the cost of short term financial issues. If you need any more help or advice on your situation, please seek financial support.

How To Improve Your Credit Score For Future Applications

One way to improve your chances of being accepted for a loan in the future is to boost your credit score. There are several ways that you can do this and there are some simple steps that you can take, including:

  • Register on the electoral roll – this is very simple to do online and provides finance companies with proof of address. Make sure this information is up to date and make any changes to your address is needed.
  • Check for mistakes on your file – even having just one incorrect address can affect your score and potentially prevent you from securing high acceptance loans in the future. Make sure you check all of your utility bills, your phone bills and you council tax to ensure that everything is up to date.
  • Pay your bills on time – prove to lenders that you are capable of keeping monthly repayments and paying on time.
  • Avoid moving home a lot – lenders feel a lot more comfortable approving applications if they can see that you have lived at one address for a considerable amount of time.
  • Keep your credit utilisation low – credit utilisation is how much of your available credit limit you use and you should aim to keep it below 30%. For example, if you have a credit limit of £2,000 and you use £1,000, your credit utilisation is 50%. By using less of your credit, lenders will look at this as a positive and see that you are able to save money.

While they are not 100% approval loans, you also have the option of using no credit check loans if you have exhausted all other options. These types of loans focus on affordability rather than your credit score, so if you have a secure income and means of making repayments, you may be accepted. If you need further help with improving your credit score and ensuring that you are able to secure a high acceptance loan in the future, please visit the Money Advice Service for free and impartial support.


QuidMarket do not offer 100% acceptance loans, but do offer short term loans for a lending period of 3-6 months and completely tailor the payment to suit your needs. We pride ourselves on helping people to cover their short term cash flow issues and emergency situations, so if this sounds like something we can assist you with, start your application today.

A 100% acceptance loan is a loan that requires no checks for a guaranteed approval. While these loans sound ideal, especially if you have poor credit, they should typically be avoided. Lenders should have your best interests at heart and not undertaking checks to ensure you can afford to make repayments is irresponsible. Instead of seeking 100% acceptance loans, you should look for loans that are based on affordability.

High acceptance loans do not guarantee approval, however, they are based on affordability, so as long as you can show that you have a regular, stable income and enough money left after essential spending, you may be considered. High acceptance loans are usually aimed at individuals with bad credit, but if you are worried about your financial position, you should seek financial advice or contact us at QuidMarket before applying.

The best way to improve your chances of securing a loan in the future is to boost your credit score, and this can be done in a variety of ways, such as making sure you are on the electoral roll, updating your address on bills and keeping your credit utilisation low.

Warning: You should never pay upfront fees for a short term loan or send money in return for a short term loan. Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk