Payday Loans No Credit CheckFrom £500 Apply now
It is not advisable to borrow from payday loan lenders advertising no credit checks . Luckily, Cashfloat offers an excellent and safe alternative designed for people with poor credit. Apply now for up to £1,000 and if approved, get the funds in your account within 1 hour!
What are No Credit Check Loans?
It’s considered best practice for lenders to carry out a credit check before approving an applicant. This is to help the lender assess if the customer can afford the loan, and that borrowing credit won’t harm them financially. Although payday loans from a direct lender with no credit check might seem like a great product, they can actually damage your finances. Direct lenders or brokers offering no credit check loans in the UK may not be FCA regulated and could potentially be loan sharks.
Watch this video to learn how to spot a loan shark:
Responsible direct payday lenders in the UK will not usually offer no credit check loans because they are not in the customers’ best interest. FCA authorised direct lenders should have a responsible lending policy in place, including credit checks and affordability assessments to ensure their customers’ financial safety.
Cashfloat is a trusted direct lender in the UK, and we are committed to safe and responsible lending that will truly help our customers. We specialise in assisting people who have bad credit get small loans quickly and safely. While we perform a credit check for your safety, we always look at your bigger financial picture to determine if our loans are right for you.
Cashfloat were quick to help out when i was in a tight spot before payday and very understanding of my personal circumstances. Best lenders out there.
Cashfloat has been fantastic service, when I use this service not only does it give me the buffer for me to start to get back on track with my finances for all the times I’ve used this service my credit score has also started to improve, thank you
CashFloat took care of me within minutes. I have bad credit and had been denied by all popular lenders, I was desperate for some quick cash and they were there, without the nasty APR fees.
Quick and simple application process. Funds in my bank account fast. Very clear about interest and amount to pay back each month. Paid loan back early and only paid interest on time I actually had the loan. Would use again.
Cashfloat’s alternative to no credit check loans
Here at Cashfloat, we are dedicated to our customers’ financial safety. That’s why we offer a safe and regulated alternative to no credit check loans in the UK. Our bad credit loans are designed for people with a poor credit history, so there’s no need to apply for a loan with no credit check to boost your chances of approval. We carry out credit checks for your safety, but we place a bigger emphasis on affordability when considering your loan application. All of our loans are unsecured, so we’ll never ask you for collateral or a guarantor, no matter your credit score. Apply today with Cashfloat for a safe alternative to no credit check loans!
- Fill in our 3-minute application form online
- Receive an instant lending decision in just 90 seconds
- If approved, access the money in your account in 1 hour
- Make monthly repayments to Cashfloat on time to help boost your credit score
Instant Payday Loans with No Credit Check
Where Can I Get Payday Loans UK with No Credit Check?
Get Your Safe Loan Today!
How Can I Improve My Credit Score?
The best way to avoid shady no credit check loans and access the best rates on all types of credit is to boost your credit score. Here are a few easy tips to help you improve your credit rating:
- Register to vote
- Pay your bills on time
- Work on paying off outstanding debts
- Only use 50% of your available credit
- Avoid overdrafts like the plague
Registering your name and address on the electoral gives lenders an easy and reliable way to verify your identity.
Make sure you avoid late notices and arrears for rent, utilities, phone, internet and other household bills. You’ll start to see the difference in your credit score when you make payments on time- especially if you pay your bills online.
If you owe money on a credit card, store account or payday loan then it’s dragging down your credit score. Create a workable repayment plan to clear the debt in order to improve your score. At the same time, it’s important to leave yourself enough money for basic living expenses to avoid falling into a cycle of debt.
If you are constantly maxing out all the credit you can get, that is a sign that you rely too heavily on credit and will negatively impact your credit score. Cut down on the amount of credit you use, ideally using less than half. This will help significantly improve your credit rating.
Unarranged bank overdrafts can be more expensive than payday loans and drag your credit score down quickly. Going into the red for even a small amount of money can seriously impact your credit rating.
Making loan repayments on time shows lenders that you can be trusted with credit. We do not recommend borrowing credit building loans just to improve your credit score, but if you need to borrow money for another reason, use the opportunity to boost your score.
What if I have bad credit but I need a loan fast?
In these situations, loans without credit checks seem like the best solution. After all, you can get your loan without having your credit report affected! As explained, no credit check loans are not a viable option. Instead, check your credit report to see what is disrupting you from getting credit. Once you know which accounts are causing issues, you can work on fixing them, thereby improving your credit score! You can read more tips on improving your credit score and you will never need to search for no credit check payday loans again.
Can I get a guaranteed payday loan with no credit check?
Guaranteed loans no credit check in the UK are not an option. Direct lenders should perform a basic credit check to determine if the borrower is qualified to get a loan. There may be some brokers in the UK which advertise that they provide guaranteed payday loans for bad credit but it is important to understand that loans cannot be guaranteed, especially with no credit check. Instead, direct lenders may ask for a guarantor (who they will likely credit check) or securities for the loan to ensure that the loan will be repaid.
Cashfloat performs a credit check for each application and we grant loans if we believe customers can afford to repay it on time and not solely based on their credit history and credit score. We advise you to avoid direct lenders or brokers that offer any form of guaranteed loans with no credit check.
Can I get a cheap loan with no credit check?
By definition, payday loans are not cheap. A credit check is one way lenders can reduce the risk of losing their money. There are many people that want to borrow money fast with no credit check, but in reality, even if no credit check loans would be recommended, they wouldn’t be cheap. The combination of fast cheap and no credit check makes no sense to any authorised lender in the UK. Bad credit payday loans direct lenders operate in the UK but bad credit does not mean no credit check.
What is a soft credit check?
A soft credit check is when a lender checks your credit history without leaving a “footprint” on your credit file. A soft credit check is not seen by any other lender, and it should not have any impact on your credit score. Companies may perform soft credit checks to find out your chances of approval before conducting a full credit check.
Does Cashfloat offer £100 loans with no credit check?
No. Cashfloat is an FCA authorised lender who cares about your financial safety. We don’t offer loans with no credit check because they can seriously damage your finances if you can’t really afford to borrow credit. In addition, borrowing less than you need can trap you in an endless cycle of borrowing, which can be just as dangerous. Instead, we offer safe bad credit loans between £500 and £1000 to help you get back on track financially. Apply now!
Can I get no credit check financing from Cashfloat?
No. Borrowing money for any purpose without a credit check is not advisable. Cashfloat’s main goal is helping customers regain financial stability after a temporary setback. We never want to put our customers in a risky financial position, so we offer safe alternatives instead. Learn more about our loans for people with bad credit here.
Does Cashfloat offer pay monthly loans with no credit check?
As an FCA authorised lender, Cashfloat performs a credit search on every loan applicant for your safety. All of Cashfloat’s loans are repaid in monthly installments which can help boost your credit score if you make repayments consistently on time! Check out our Easy start option which makes our pay monthly loans even more manageable.
Cashfloat is a fully authorised direct lender in the UK offering fast and affordable payday loans between £500 and £1000 over 3-6 months (7 with Easy-Start option). As a superior lender, all our loans are processed, approved and funded by our expert team of underwriters. They are available to assist you with any queries or difficulties you may experience at any point in the loan process. We are here to help you even if your credit history is far from perfect. If we are not able to fund you the loan ourselves, we are also a broker, and we will try help you find another suitable lender who can better meet your needs. Apply now to experience the Cashfloat difference.