Even for those with bad credit or even a default, a payday loan is a great option for getting the cash needed to overcome a financial hurdle and repair a poor credit rating all at the same time. Companies like Instant Loans Limited approve hundreds of payday loans for persons with bad credit every day. All the borrower needs to secure a loan between 80 to 1,000 is to be at least 18 years of age, hold a steady job, reside in the UK with a current UK bank account, and earn at least 400 a month. The application and approval process is extremely easy as well: simply log onto http://instant-loan.org.uk and fill out an online application. Once submitted, approvals are returned in as little as 60 seconds and the money can be deposited into the borrower’s bank account in less than 24 hours. Paying back a payday loan is easy too, since the money can be withdrawn directly from the same bank account. So for those with bad credit, a payday loan may be just what’s needed to help them past their current financial hardship and repair their credit rating!