Payday loans no credit check
WARNING: ‘PAYDAY LOANS NO CREDIT CHECK’ as search on our site do not legally exist. You must receive a credit check to receive finance in the UK. If you believe have bad credit scores, the best thing to do is send an application to specialist subprime lenders who can review the situation carefully for you. While payday loans have high acceptance rates and are available to people with bad credit, they are not no credit check guaranteed loans.
While payday loans for bad credit are widely available these days, it doesn’t mean that no credit check will be performed by the lender. In fact, it is required by the Financial Conduct Authority that all lenders perform some kind of check prior to granting a short-term loan, and not adhering to these guidelines is actually against the law. Any responsible lender will do the best they can to ensure that they are not making a potential customers financial situation worse when considering their loan application and so will perform their own individual credit checks.
Where a direct lender’s checks differ from that of traditional financial institutions is the focus of the search. Payday loans for people with bad credit are possible because direct lenders perform their own particular brand of credit checks, ones that are more concerned with how your finances measure up at the present time rather than what may have happened a few years ago.
If you are able to prove that you have got yourself back on your feet and resolved your old debt problems, there’s no real reason why a payday loans lender wouldn’t seriously consider your application valid. When applying for a payday loan with bad credit, it is of the upmost importance that you are upfront about any credit problems you have had in the past, and also be truthful about your current situation. Both with the lender and with yourself.