If you need to borrow money and you have a poor credit rating then you could certainly be limited in the options that you have. You may find that many conventional ways of lending ill not be available to you. It is worth looking at all of your options as well as payday loans, though as there may be others available that will work for you.
Make a start by finding out whether there might be some conventional lending methods available to you. Applying for loans is not the most sensible idea as every turned down application will show up on your credit report. However, you could talk to lenders about whether they think that they would be likely to accept you or not. This could be asked anonymously over the phone and then they will do not credit check and it will therefore not show on your credit record. It is worth being aware though, that if you borrow money and you do not have a good credit record then you will be seen as a high risk. For borrowers with a high-risk, lenders will charge a higher interest rate. This means that you will be unlikely to get the advertised rate of interest but will be charged more.
If you have a current account then you may be able to draw out cash or transfer money form the account that you do not have. Even if you have not arranged an overdraft with the bank you might be able to take money out this way. This is called an unauthorised overdraft and you will need to be careful as they are very expensive. An unauthorised overdraft can be one of the most expensive ways of borrowing. It will depend on the costs of the specific bank you are with as well as how long you have the overdraft for, but do be very careful if you are considering this route with regards to the costs.
A guarantor loan is a way that someone with a poor credit record can borrow money. They will have to find a guarantor, which is a person that will cover the cost of any repayments that they cannot make. This means they need a friend or family member that not only has a good credit record but will be prepared to help them out in this way. A guarantor loan can be for a few thousand pounds so can be useful if you need a significant amount of money. They are expensive though, as even though you have a guarantor there is a still a risk and there is also a cost to the lender of getting the money form the guarantor if the borrower does not manage to pay.
A payday loans can be arranged very quickly and there is no credit check which means that it is available to many people. It is probably the option that most people think of if they need to borrow some money if they have a poor credit rating. It can be a fairly expensive option, but if you have a bad credit rating then it is unlikely that there will be any options that you will be able to easily afford anyway. It is easy and quick which can make it stand out. However, you can only borrow a few hundred pounds or perhaps up to a thousand if you have had payday loans in the past and have paid them off when required.
So as you can see there are alternatives if you need to borrow money and have a poor credit rating to just a payday loan. They do differ though and some may not be available for everyone. However, it is still worth considering each option to see whether it might be a better one for you than a payday loan. There are advantages and disadvantages of each and which suits your needs better will depend on how much you want to borrow, how long you want to borrow it for and some more specific things like if you can find a guarantor, if you have a good enough credit record to use conventional borrowing etc. It will very much be a personal decision but it is worth realising that there might be options out there and that it is worth looking around to find the best one for you.
It is also important to make sure that once you have decided on how you are borrowing that you compare different lenders to find the best one. They will vary in their cost as well as other features and so it is worth finding a bit out about them and then you will know that you can choose the one that is the best for you.