Loans are unavoidable as they assist many of your financial problems. However, with loans, many distinct procedures come in which credit score check is one of the most important things to happen on initial stages. Credit check tells about your credit score performance and also if you can get a loan or not.
Unfortunately, not every applicant can bear the credit check process; specifically a poor credit scorer and a person with no credit history. Reason? Credit check leaves a search footprint on the credit records, which may have information regarding any missed payments or matters related to County Court Judgement (CCJ) or Individual Voluntary Agreements (IVA). Such issues may force lenders to deny the application. Here is when no credit check payday loans came into the picture. These are like instant short-term loans for last-minute needs.
British Lenders offers Instant loans with no credit check process through affordable and customised deals that are never heavy on your pockets. We give no obligation loan quote and flexible repayment plans.
Besides avoiding search footprint, some other reasons can make you feel the need for these loans.
Everything is available for everyone here. Irrespective of credit rating, we are prepared to offer loans on individual circumstances and with no hassle at all. See the below table, choose your category and know on which source you can apply for loans.
|Credit Score Status||Guarantor||Collateral||Income||Interest Rates||Loan Amount Limit (up to)|
|Good (881 – 960)||No||No||Yes||Low||£25000|
|Fair (721 – 880)||No||No||Yes||Affordable||£15000|
|Bad (561 – 720)||Yes/No||No||Yes||Competitive*||£10000|
|Very Bad (0 – 560)||Yes/No||No||Yes||High*||£5000-£10000|
*Competitive: Generally, interest rates are higher for the people with a bad credit score. However, we are ready to provide you with the competitive rates of interest depending upon your income status while providing loans with no credit check.
*High: People with very poor credit score have to avail loans on the higher interest rates, but these are decided only after a discussion with them.
We are the modern age direct lender and very much understand the concerns of the people with bad credit or adverse credit score. Unlike banks or traditional lenders, we are much flexible in lending money to these individuals. As long as they convince us of their repayment capacity, we do not mind to offer them the desired amount.
With every loan, some conditions apply and to get the pleasant message of approval, you need to qualify on those conditions.
For this loan, YOU:
Nothing different, just as other loans demand, these loans ask for these essential things.
The process of application is not complicated and completes in only three simple steps. Want to know?
Yes, you can get funds without guarantor despite poor credit but with certain conditions apply. If you can fulfil those conditions, the pleasant message of approval can come quickly.
A: Well, most of the traditional lender takes a credit score as the deciding factor where the loan will be approved or not. But, this is not the case with every lender. There are specific lenders in the market like British Lenders who offer no credit check loans where the credit score of the applicant is not considered at all. The lender will go with other financial aspects such as income status, employment history, and credit utilisation rate.
A: It is challenging to get a loan when you have a bad or zero credit score because the majority of the lender give highly weightage to the credit score. This is the main reason why such people search for no credit check loans that they can get on instant decision. Well, finding such loans is as tricky as finding a needle in the haystack. However, only a few lenders in the market like British lenders have specialisation of no credit check loans where the credit score of the borrower is not taken into consideration.