Can I get a short-term loan with no credit check?
When looking for a loan, there is the obvious temptation for short-term loans with no credit check. However, as we have shown, if you want to borrow money from a reputable lender who will not try to rip you off, you must ignore offers of a short-term loan with no credit check as these will not be regulated by the The Financial Conduct Authority; meaning you will not be protected should something change or go wrong.
When you apply for a loan you will have your credit history checked, it does not mean you won’t get the money you need. Lenders offering short-term loans with no credit check in the UK are doing one of two things. Either they are not fully licensed by the FCA, and therefore should not be offering such loans, or they are not telling you the truth and are simply performing a credit check on you without your knowledge. This is dangerous as it can have one very real consequence. If you apply for credit numerous times, this can damage your credit score; causing it to fall further. Not only does this mean you still do not have the money you need, but that you may struggle even more in the future because of your now worse credit score.
It is therefore very important to stay away from offers of short-term loans with no credit check from a direct lender as they are not being honest with you. However, if you do have a bad credit score, you can now still apply for short-term loans. This is because modern direct lenders will now accept loan applications from people with bad credit because they want to provide equal access to everyone. Reflecting this, we work with lenders that help people who perhaps would otherwise struggle to get the money they need when they need it. Adapting to your needs, we will quickly put you in touch with the very best lenders and loans for you.
Can I get a short-term loan if I am unemployed?
Doing everything we can to help more people getter quicker, fairer access to short term loans, we have put together a group of some of the very best and most specialised direct lenders operating in the UK. This includes lenders who offer loans to people who are currently out of work.
Whilst most lenders still require you to be in either part-time or full-time employment, there are others that do not. Understanding that unemployment can happen for a variety of reasons and that it can often only be temporary, some lenders focus on providing loans to you no matter your circumstances. Because such loans can often be difficult to find, and taking advantage of people with poor credit, there are lenders who claim to offer short-term loans with no credit check and no fees. We have shown that these loans do not exist and that applying for such a loan can, in fact, make it harder for you to be approved for the loan you need in the future. If you can display that you can meet your repayments, we may be able to find you a loan as many lenders will allow you to use long term benefits as income when assessing your application for a short term loan.