No Refusal Payday Loans
Looking for no refusal payday loans? A responsible lender will never guarantee a loan. Lending Stream provides affordable short-term loans that can be sent to your bank in just 90 seconds, if approved. We are a responsible direct lender in the UK.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why prefer Lending Stream?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
What are no refusal payday loans?
No refusal payday loans are a myth. Despite what some payday lenders may claim, no lender can guarantee approval for a payday loan. The term suggests that no matter what your financial condition is, the lender will approve your payday loan application without any questions asked.
However, this is not the case. Lenders which portray themselves as no refusal payday loans UK direct lenders should be avoided as they may be misleading you and might be trying to do a loan scam on you.
Payday loans are a type of short term loan that are designed to help people in need of emergency cash, but there is never a guarantee of approval. Also, when applying, keep in mind that these loans usually come with high interest rates and should be taken only in case of an emergency.
Why no refusal loan lenders don’t exist?
There are loan lenders who claim to offer no refusal loans, but the truth is, no real lender can guarantee the approval for a loan. This is because all lenders must follow responsible lending practices.
This includes doing affordability checks to ensure that borrowers can afford to repay the loan without putting themselves into financial hardship. Affordability checks are a legal requirement in the UK.
It’s the duty of lenders to check the borrower’s income and credit history to determine their creditworthiness and ensure that they are not lending to someone who is already in financial difficulty.
Along with this, all FCA authorised lenders have to follow strict guidelines set out by the FCA. If you’re looking to borrow money in the UK, you should only do so from a lender that is authorised by the FCA.
At Lending Stream, we understand that financial emergencies can happen at any time, and we’re committed to helping our customers get the money they need in a responsible way.
We are a reputed short term loans direct lender and offer loans starting from £50 to £1,500 (up to £800 for new customers) and get the cash to your bank within 90 seconds, if approved.
Do payday loan lenders accept everyone without refusal?
No, payday loan lenders do not accept everyone without refusal. This is because all reputed lenders who are authorised by the FCA have to follow the guidelines set by FCA.
This includes doing affordability checks, checking borrower’s income, credit score, etc., to ensure that they can afford the loan repayments without any trouble. Therefore, if a lender says guaranteed payday loans, then they are most likely not a legit lender and should be avoided.
How can I find direct lenders with the best acceptance rate?
If you’re looking for a loan on an urgent basis, then you definitely want to find a lender who will accept your application with the highest probability of approval.
Here are some tips to find direct lenders with the best acceptance rate:
- Look for specific types of loan lenders: There are many lenders who specialise in specific type of loans such as small loans, loans for bad credit, easy loans, etc. These lenders may have a higher acceptance rate for the type of loan that you’re after.
- Check your credit report: Before applying for a loan, always check your credit report to make sure it’s accurate and up to date. If you see any errors in your file, then report them to the credit reference agency as this could improve your credit score and increase your chances of being approved.
- Look for an eligibility checker: Many lenders offer an option to check your eligibility for a loan first. This lets you know if you’re eligible for a loan without affecting your credit score. This can help you to find a lender with a high acceptance rate.
- Compare lenders: Don’t apply with the first lender you find. Always compare different lenders based on their interest rates, repayment terms, and customer reviews to find the best one for you.
When searching for a lender, it’s important to be aware of high acceptance payday loans. These loans are often advertised as having a high acceptance rate, but they usually come with high interest rates and fees.
At Lending Stream, we offer short term loans which you can repay within 6 months in monthly instalments. So, if you’re looking for a responsible lender then Lending Stream may be the right choice for you.
How do I check if I am eligible with Lending Stream?
If you are looking to check your eligibility to apply for a loan with Lending Stream, then you must:
- Have a valid debit card
- An active UK bank account
- Be a UK resident
- Be at least 18 years old
- Be in regular employment with a monthly income of at least £400
During our application process, we can ask you to show if you have a stable job with a regular income and can afford the loan repayments. We can verify these details in some cases although this will be done discreetly.
How to apply for a loan with Lending Stream?
At Lending Stream, we offer short term loans for which you can apply online through our website.
All you need to do is fill out our online application form and give us the following information:
- Fill all details asked in our online form
- Choose the amount which you want to borrow with us
- Provide us with your employment, salary, expenses, and banking details
Once we receive your application, a credit and affordability check will be done on your profile. If approved, the cash will be sent to your bank within 90 seconds.
I’ve been refused for payday loans before. What should I do now?
If you have been refused for a payday loan due to a poor credit history, don’t worry, there are still options available.
One option is to borrow money from direct payday lenders that specialises in providing loans to people with bad credit. These payday lenders may be willing to consider factors beyond just your credit score, such as your income and employment history.
Alternatively, you could consider other types of loans, such as guarantor loans or secured loans. Whatever option you choose, make sure to carefully read the loan agreement and the terms and conditions of the loan before agreeing to it.
Contact us – Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page. If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs – No refusal payday loans
Are no refusal payday loans a scam?
Yes, no refusal payday loans are generally a scam. Legitimate lenders are required to carry out affordability checks. People should be aware of any lender offering an unsecured loan without any checks or requiring upfront fees. Always do your research and compare offers to save money in the long run.
What are the risks of applying for a no refusal payday loan?
The risks of applying for a no refusal payday loan include falling to scams, paying high interest rates and fees, and potentially damaging your credit rating. Always read the terms and conditions carefully and only apply for loans which you can afford to repay.
What are the risks Is it possible to get a payday loan without a credit check?
Yes, it may be possible to get a payday loan without a credit check, but it is not recommended. Payday lenders typically conduct credit checks and may use credit reference agencies to assess your creditworthiness. If you have a poor credit score, it may be difficult to find a lender who is willing to lend to you.
What should I do if I’ve been scammed by a no refusal payday loan lender?
If you believe you have been scammed by a no refusal payday loan lender, you should report the scam to the relevant authorities such as the Financial Conduct Authority (FCA).
We don't offer loans under 60 days. We offer 6 or 12 month loans. So, the minimum repayment period is 6 months and the maximum repayment period is 12 months. You can choose to repay early and save on interest without any penalty. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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