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Borrow £250 to £3,000

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We Cater For All Types Of Credit History So Don’t Worry If You Have Poor Credit! We Can Find A Solution For You! Our Application Process Is Easy Start To Finish!
  • Bad Credit Accepted
  • Fast Payout
  • No Fees
  • Secure Application

Short Term Loans

£250 – £3,000

N Online decision
N Responsible lenders
N Rates from 278% to 1576% APR
N 3 – 12 month repayment

Personal Loans

£1,050 – £3,000

N Whole of Market panel
N Trusted panel of lenders
N Rates from 5.7% to 278% APR
N 3 – 36 month repayment

Representative 481.6% APR.
Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable).

ccta and fca registered lender

Bad Credit Loans No Credit Check

Key Features

  • Credit checks have been stumbling blocks for many loan applicants for years.
  • High acceptance loans for people with bad credit have meant more UK residents can lend the money they need.
  • Interest rates will vary, so its important to use sites like UL4U to find the cheapest option.

Getting bad credit loans no credit check has never been easier due to the banks turning away people with bad credit scores. Because banks are biased and only think about protecting their assets, a whole industry full of lenders specialising in bad credit loans has been able to spring into action. These lenders have a different approach to the financial institutions and are keeping in touch with the consumers through relatable and unbiased lending. How is this being done? By approving people with bad credit for loan applications. It may sound crazy to you, but when you think about it, not everyone who has a bad credit score is necessarily going to be a bad debtor. Someone could have a few blemishes on their credit report because of a few bad choices many years ago but now have a stable and well-paying job. Does this make them a financial risk?

Borrow anything from £100 to £25,000 today.
Quick online application takes minutes.

How Bad Credit Loans No Credit Checks Work

So, now that you know not everyone who has a bad credit score is necessarily going to default on their loan repayments, we can look into how these types of loans work. Bad credit loans no credit checks work by analysing the applicant’s current source of income and how that correlates to their ability to pay back a loan. That’s it. No credit checks are required, so even if you didn’t pay a few phone bills all those years ago and it’s gone on your credit report and stops the banks from lending to you, a bad credit loan can still very much be approved regardless.

As long as you are over the age of eighteen, have a full-time job, and can provide sufficient documentation in regards to your identity and income, you should have no trouble getting approved for bad credit loans. Lenders who grant these types of loans know that someone’s ability to repay a loan should be measured against their current cash flow, not someone’s history. This means that if you are earning around twenty-thousand a year and have been with the same employer for a while, you could be approved for a thousand pounds loan because you have proven that you have a stable income and can afford the repayments the uk rules are very strict.

How Can A Lender Approve These Loans Without Credit Checks?

A lender has the right to set whatever criteria for approval they want to within reason and the bounds of the law. A credit score is a criteria that banks and credit unions choose to set, so they reserve the right to deny applications based on bad credit. They consider this as a method of protecting themselves from non-payments but fail to acknowledge that not everyone with bad credit is a risk.

This is where these lenders come in. They know how to correctly calculate the likeliness and ability of someone when it comes to making repayments. They base it on a consumer’s current income stream and work out how much they could afford in repayments. This leaves the consumer with still enough money left over to survive if they are approved and an opportunity to pay off a bill or settle a pre-existing debt.

Because the loan application criteria is predominately based on someone’s level of income, lenders are able to make an accurate assessment in regards to their ability to make repayments. In fact, the majority of people who get bad credit loans no credit check fast are capable of making the repayments; they just need a lender who is willing to approve them. This is why credit checks are irrelevant and how these lenders are able to approve these types of loans.

How Can I Get A Bad Credit Loan No Credit Check?

Getting this type of loan is so simple, and the whole process has been streamlined by the lenders to make it as easy as possible for you. All you need to provide is adequate identification supported by documentation outlining and proving your income. This can be in the form of payslips and bank statements which you should easily be able to obtain. Once you have all of this together, you can go and make your loan application. Most lenders will want to see that you are working full-time, and the more money that you earn, the higher your borrowing power will be. The application process is incredibly straightforward, and your lender will walk you through it. Should you meet the criteria, you can be approved very fast for a bad credit loan no credit check and have access to the funds within a very short turnaround time.

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What can I do if I wish to complain?
Information about complaints can be found in our complaints policy.

What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly instalments some companies will adjust your monthly instalments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.

What do I do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldn’t take you longer that 3 minutes its as simple as you can get.