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Do you run a credit check and will that impact my credit score?

As a responsible lender, we do check your credit file as part of our loan affordability analysis. As one of the top direct online loan providers in the UK, we don't make "bad credit" loans. However, we do look at more than just your credit when we make our assessment. Our algorithm lets us make a personalised review of your unique situation, not just your credit.

Once you fill out our online application, we run the personalised review and provide an instant decision.

Representative 1272% APR
More about credit scores and credit checks

There is no universal 'credit score' or rating that all lenders or financial companies use every time you want to borrow money. Credit scores are individual to the credit reference agencies who create them e.g. Experian, CallCredit etc and cannot be seen by lenders when they run checks. However, your 'credit file' is universal and this contains details of your financial dealings over the last few years. This credit file is partly what lenders use to assess how you handle money, borrowing, repayments and more. Lenders each use their own criteria to analyse your credit file, take other factors into consideration and then decide whether to approve your application or not.

For those who think they might have a bad credit rating, whether from a previous payday loan credit check, missed bill payments or other financial difficulties in the past, the idea of having a credit check can seem worrying. However, a loan credit check is just one way in which Lending Stream assesses each individual application, because we know that your credit history is only part of the story.


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Representative

1272% APR

Learn more about the cost of your loan, default charges, risks and prepayments.

Responsible Lending: Carefully consider whether a loan is right for your individual financial situation. Borrowing of this type is an expensive form of credit that may be appropriate for short term financial needs but which is not appropriate for longer term borrowing or if you are in financial difficulty. All loan application are subject to status, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability.

We don't offer loans under 60 days. Early prepayment options that are available are not associated with any fees or cost. Maximum APR of 1698.1%. Given a Representative APR is 1272%, if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £46.40 followed by £88.00, £78.40, £69.76, £59.84 and £49.28 the following months. You will repay £391.68 in total, there are no additional fees.