Payday Loans No Credit Check

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!

Direct lenders and brokers in the UK may offer no credit check loans for a large or small amount of money over a short or long period. People are inclined to borrow these loans because their credit file will remain unopened. While this might sound good to you if your credit score is low, no credit check loans are actually not advisable.

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.

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!

1. Fill in our 3-minute application form online
2. Receive an instant lending decision in just 90 seconds
3. If approved, access the money in your account in 1 hour
4. Make monthly repayments to Cashfloat on time to help boost your credit score

If you are looking for instant payday loans with no credit check, you probably need money fast — and you don’t want your bad credit score to get in the way. When you apply for Cashfloat’s safe alternative to no credit check loans, we’ll give you an instant decision in just 90 seconds! If approved, we’ll send the funds to your bank account in just 1 hour. That’s faster than instant payday loans with no credit check from any direct lender!

No credit check loans are not advisable. However, you can apply for a bad credit payday loan instead and receive from £500 to £1000 in just 1 hour from approval! At Cashfloat, we examine a range of factors to determine whether our loans are right for you. We focus on affordability more than your credit score, so as long as you show us you can afford the repayments, your low credit score shouldn’t stand in the way. Stay safe with Cashfloat’s best alternative to payday loans UK with no credit check. Learn more about our top-rated payday loans!

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:

1. Register to vote

Registering your name and address on the electoral gives lenders an easy and reliable way to verify your identity.

2. Pay your bills on time

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.

3. Work on paying off outstanding debts

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.

4. Only use 50% of your available credit

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.

5. Avoid overdrafts like the plague

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.

6. If you do need to borrow money, pay it back on time

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.