Payday loans no credit check
Let’s be perfectly whenever you apply or look for payday loans with no credit check, you simply won’t find one because it is against guidelines set out by the Financial Conduct Authority who prohibit this type of lending as it would be considered irresponsible. It is the job of every payday loan lender to ensure the money you borrow will not adversely affect or make your financial situation more difficult. There are alternative loan options if you have bad credit history to look at such as bad credit payday loans.
Whenever you apply for a credit card or bank loan, a credit check is performed by the potential lender to assess whether or not they should lend you the money or grant you credit. As part of that check the credit file that they get is from a credit ratings agency (CRA). This file will have a record of all your past financial transactions and dealings and also of any problems you may have had with repaying debts so to stand a chance of getting a loan with bad credit history you should be as honest as possible about your situation currently so that the lenders can see you’ve turned the corner and now borrow money responsibly.