Payday Loans no Credit Check
There are many hurdles that consumers face when applying for additional finances, from credit checks to proof of residency and even monthly salary. But is the information and credit history checks that are carried out by many UK lenders completely relevant?
We do not carry out any form of credit history check but instead require some alternative information such as, address details, monthly salary and employment history. We understand that many people who are in need of a payday loan require the funds fast, we are passionate at providing a fast and easy application process with funds typically transferred within 15 minutes, which is something that continues to set us apart from other payday loan lenders.
Online credit checks should not restrict you in your search for finding additional finances because of something that happened in the past. If we feel that you have a reliable source of income that is able to help you cover the costs of your monthly bills and pay back any form of loan repayments there shouldn’t be anything standing in your way to prevent you accessing additional finances.
Bad credit loans
We offer a number of different loans for bad credit which may be an option if you have previously struggled to get approved for any form of loan or finance elsewhere. Our loans for bad credit are suitable for people who want to borrow a specific amount of money over a certain amount of time. These types of loans are usually between £50 – £3,000 and can be borrowed over the space of 3 months, however some lenders will allow you to spread the cost of your loan over a longer time period.
Bad credit loans no credit check
If you are specifically looking for a bad credit loan the chances are that your credit history will not be the best. Some lenders will choose to carry out a credit history check which means that if you have a bad credit history the chances of you being approved for a loan will be considerably low. However this does not mean that all lenders will reject you when it comes to applying for a loan as there are some loans that can be approved without the need of a credit check.
Although the best interest rates are usually only available to people with a good credit history, you could still find yourself being approved for a loan that you are able to afford, although this may be at a slightly higher rate than normal due to your bad credit.
If you are wondering “Why do i have a bad credit score?” There are a number of reasons that can contribute to that issue such as, missed repayments, too many forms of credit being taken out or even if someone else in your household has a bad credit score.
Find out more by visiting our bad credit loans page for more details.
Benefits of no credit check payday loans
- Fast and easy application process
- Instant online decisions
- 15 minute cash transfers
- Borrow between £50 – £2,000
- Spread the cost of your loan over 3 months
- Your personal details/information are not accessed
Payday Loan no credit check
We will never directly carry out a credit history check when it comes to applying for one of our bad credit loans. We understand that most people have been in financial hardship at some point of their life, the result of this could be a few negative marks against your credit history file. Our team at payday pixie will never make a decision based on something that affected your credit history file in the past and instead collect other information when it comes to checking a customers suitability when applying for a no credit check payday loan.
What Details Do We Ask For?
If you have ever wondered why many UK lenders ask for such specific details when it comes to applying for a payday loan, we have the answers below:
For UK anti money laundering and fraud regulations we need to carry out a check to ensure that your specified bank account details match your address details. You need to ensure that your address details for your bank account are always up to date. If there is a slight discrepancy or we are unable to match your bank account details to your current address your application will automatically be rejected.
Along with monthly outgoings this will give us an idea of what monthly repayments you can realistically afford to pay back. We will never approve an individual if we feel that they will struggle to make repayments or be pushed further into financial difficulty.
We will never contact your employer! Employment history details are purely just to show that you have a regular source of income and don’t rely on benefits or welfare state handouts as your main source of income.
Although many lenders will still carry out a credit history check, payday pixie rely on other information captured within our online application form to give applicants an instant online decision.
Loans for bad credit
We invite applications from people with all credit histories, we do not place a restriction on who can apply for a bad credit loan. From the information that you provide to us in our online application form we can make an accurate decision as to whether a payday loan would be the right option for you. Sometimes a payday loan isn’t always the best option if you have a bad credit history. If we feel that a payday loan will not benefit your current financial situation, we will always recommend another service suited for applicants with a poor credit history.
Payday Loans bad credit
If you have a bad credit history, the chances are that there will still be some form of finance that will be available to you. Due to your bad credit history you may not be offered the best interest rates that people with a good credit score are offered, however the option to take out finance with a direct payday lender may still be available to you.
For people struggling with a bad credit issues, checking your credit history and learning how to improve your credit score through organisations such as Experian can be a great help.
Payday Pixie do not carry out any credit history checks, however if we are unable to offer you additional finances we may refer you on to one of our selected partners who may want to carry out a credit history check. The reason we do not directly carry out any form of credit history check is due to the alternative information that we gather from you in our application form such as, address details, monthly salary and employment history.
Getting a grip on your finances
There are many organisations that offer free professional advice when it comes to managing your finances better. Many people who experience bad credit histories typically struggle with day to day budgeting of their own personal finances. Debt Management plans from organisations such as Step Change can give customers breathing space who are struggling with debt issues.
There are a numb
Instant payday loans are specifically for fast, short term borrowing, we believe in providing an instant online decision service to completely speed the application process up. Our no credit check payday loans policy is something that continues to help us stand out from many UK Lenders with one less added hurdle in your step to additional finances.
You can find out more by checking out our page on instant loans and how you can apply immediately.