Online Loans

Yes, you can apply for online loans for poor credit, but you may find it harder to be approved. At Cashfloat, we don’t judge you by your credit score, but rather by affordability. So, as long as we trust that you can afford to make the monthly payments on the loan, we are happy to offer loans for poor credit rating. This also applies if you are on benefits or unemployed.

Cashfloat do not recommend this for the following reason: Online payday loans with no credit check are not recommended in the UK. All credit providers are advised to carry out a credit check. This may leave a footprint on the applicant’s credit file. Obviously, don’t apply too many times within a short period, as all the searches could raise a red flag for potential creditors.

There are two types of companies you can apply with: a direct moneylender who approves and sends you your money directly, or a credit broker who works to find you a direct moneylender. Dealing with a direct lender often makes the process simpler and quicker. Cashfloat is a trusted direct moneylender. However, because we want to help, if we can’t lend to you, we will offer to go and find a lender who can. Of course, we will never pass on your information without your permission.
Existing customers can apply to take out a loan through their personal login area. Click here if you are an existing customer and want to apply again. If you have an existing loan, you can also login to make your monthly payments.

For a fast borrowing experience, you should try and avoid using a guarantor. This is because guarantor loans often require the extra paperwork of the guarantor, thus taking up more time. However, although guarantor loans take a long time to receive, they can be cheaper as there is less risk involved for the moneylender. We will do our best to help you get your loan without a guarantor as quickly as possible. When you apply with us we will never ask for a guarantor.

If your details fall into the wrong hands, you can lose your money in a matter of minutes. Luckily, there are several ways to check the security of a website, such as the padlock in the URL bar. Taking basic safety precautions when using lender websites will go a long way towards keeping your personal and financial details safe. Moreover, fraud is very common in the payday lending market. Vigilance is key, and our security centre provides you with more detail on how to ensure you are borrowing from a legitimate and FCA licensed moneylender.

Any moneylender that is not registered with the Financial Conduct Authority is operating illegally, and will not follow the regulations that were put in place for your safety. If you are having a hard time finding someone to lend to you and were considering using loan sharks, stop right there! Although it can be easier to get approved by loan sharks, they are very dangerous and are known for their brutal collection tactics. The best online loans you will find in the UK are registered with the Financial Conduct Authority (FCA) like Cashfloat. They will have affordable rates and responsible policies, and they will make it their business to treat you fairly. Go to our ‘APR (Annual Percentage Rate) explained‘ guide to understand more about fair loan charges.