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Online Loans

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How much do you need?

Representative 305.9% APR. Representative Example: Loan Amount - £400 | Borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly installments of £187.31.
Interest charged is £161.92, interest rate 161.9% pa (variable)

Why People Choose Us

You might be surprised to hear just how easy it is to apply for a short term or personal loan. Furthermore, you don’t even have to leave your chair to apply for it. Instead, you just simply fill out our very short form and if you are accepted by a lender you’ll get your loan by the next day.

How Cash loans with no Credit Check Work

The truth is, it would almost be impossible to obtain a personal loan if you have a bad credit or a clear blemish in your credit history. Banks and other mainstream financial institutions follow strict rules when it comes to extending loans to applicants and if you have a poor credit rating, you are instantly considered as a high-risk borrower, and facing rejection would almost always be a certainty. Luckily, there are numerous lenders today, outside the realm of traditional financing institutions, that understand that having a bad credit does not automatically mean the incapability to handle debt because after all, unforeseen expenses can happen to even the most responsible of individuals.

Cash Loans with No Credit Check

There are numerous lenders that you can find both online and offline, who specialise in providing cash loans to people who are under emergency situations but do not possess the proper credit rating to take out credit services from banks. They have the expertise to determine whether or not you have the ability to repay a high-risk cash loan even without relying on traditional credit checks. These lenders will instead look into other areas of your finances in making a decision to approve or reject your loan application.
Depending on the lender, you can avail for credit that can range from as little as £100 to as much as a few thousand pounds even if you have a poor credit rating. If you want to take out larger amounts to cover major expenses, you may need to provide a collateral such as your car or your home. But if you are looking for a quick short-term, unsecured type of loan to address temporary financial needs, payday loans might be good credit options for you. All in all, you will surely find a cash loan deal that will be suitable for your financial needs.

Features of Cash Loans with No Credit Check

Cash loans that require zero credit check come with several exclusive features that borrowers can enjoy. Some of them would include:
Higher Approval rates (higher than most credit sources) with absolutely no credit check
Instant Payouts: once you are approved, the money you availed for will be transferred to your bank account in a matter of minutes
Flexible repayment schemes to cater different financial circumstances
What makes cash loans very attractive credit options to numerous types of borrowers lies in their quick and instant approval. Payday loans, in particular, are approved instantly without credit checks. This simply means that you can take out this credit option anytime you need it regardless of your credit standing.

Source of Income as the Main Deciding Factor

If you have experienced applying for traditional financing from banks and other mainstream lenders, you have firsthand knowledge that getting a loan would simply be impossible without a credit check no matter how strong and stable your source of income is. A single mistake in handling your finances can quickly derail your credit score leaving you “ineligible” in the eyes of most traditional financing companies even if you have a decent paying job. Thus, when you are faced with an urgent emergency situation and you need a quick loan to deal with it, bear in mind that there are payday lenders who are willing and ready to provide you with short-term credit services without taking into account your credit score.
Cash loan lenders that provide shot-term, unsecured credit options will take into account your source of income instead of your credit score. If you possess a reliable income that is enough, mathematically wise, to make the proper repayments of your loan, lenders will not hesitate in granting you your loan request.

Why Credit Checks are Abolished

So why do these lenders deviate from the standard practice of utilizing credit scores to determine an applicants eligibility for a loan? Cash loans normally have short-payment periods and in the case of payday loans, as the name suggests, you are expected to pay it back in your next payday. Thus, as long as the lender sees that you are enjoying a reliable income, the approval of your loan is almost always automatic. Credit scores are generally a reflection of past years of monetary transactions and activities making it a somewhat useless criteria in evaluating an application for a loan that would be paid back in the next week or two. Thus, lenders realize that there is no need to conduct checks, making it possible for them to approve short-term loans quickly and effectively.

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