Payday Loans No Credit Check
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 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.
Why choose Lending Stream?
Fast
Cash sent to your bank in under 90 seconds once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments.
Pay early with no extra fees and
save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
What are no credit check payday loans?
No credit check payday loans are a type of short term loans where the lender does not perform a credit check on the borrower. This type of loan is often considered to be high-risk, as there is no guarantee that the borrower will be able to repay the loan.
No credit check payday loans are advertised as being helpful for those with bad credit or no credit history, but in reality, they can be very harmful.
Can I get a loan with no credit check?
You might get a no credit check payday loan with a lender that is not authorised by the FCA. However, this type of loan is high-risk, and we would not recommend it.
But with Lending Stream, A BIG NO. Lending Stream does not offer loans with no credit check. We are a responsible lender, and we believe it is important to carry out a credit check as part of our loan application process. This helps us to assess whether or not the loan is right for you.
How do I check if I’m eligible for a loan with Lending Stream?
If you are looking to apply for a short term loan with Lending Stream, you need to check your eligibility first. To apply with us you must:
We need to see if you can afford the loan repayments on the top of your other financial expenses which is why you need to show us that you have a stable job with a regular income. In few cases, we might verify these details but in a discrete way.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How can I apply for a loan with lending stream?
Our online application takes a few minutes to complete. To apply for a loan with us, you need to fill in our online application form, and give us the following information:
- Choose the amount which you want to borrow with us
- Fill in your personal details
- Provide us with your employment, salary, expenses, and banking details
Once we receive your application, we will run a credit and affordability check. If approved, we will transfer the cash to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How long do you have to pay back your loan?
With Lending Stream, you’ve got 6 months to repay your loan. You can even repay early if you want too as our loans are charged at a daily interest rate. So, by paying early you’ll save money on interest. Also, we don’t charge any extra fees if you repay early.
In fact, many of our customers repay their loan in 3 months or 4 months.
What if a lender is offering me payday loans with no credit check?
If you are offered a payday loan with no credit check, it is likely that the lender is not authorised by the FCA. This means that they are not regulated, and you will not have the same protections as you would with a regulated lender.
We would not recommend taking out a loan with a lender who is not authorised by the FCA, as it is likely that they are not a responsible lender.
What are the advantages of payday loans no credit check?
There are no advantages of payday loans no credit check. These types of loans are high-risk and can be very harmful to borrowers. If you are considering taking out a payday loan, we would recommend that you choose a lender who is authorised by the FCA.
What are the disadvantages of payday loans no credit check?
High Risk: The main disadvantage of payday loans no credit check is that they are high-risk. This means that there is a greater chance that you will not be able to repay the loan, which could lead to debt problems.
Expensive: The interest rates on no credit check payday loans are often much higher than on other types of loans, which means that you could end up paying back more than you borrowed.
Hidden Fees: No credit check payday loans may come up with hidden fees and charges. This means that the true cost of the loan may not be visible, which could lead to problems down the line.
Unregulated Lenders: Payday loans no credit check are mostly offered by lenders who are not regulated and authorized by the FCA. This means that they are not subject to the same rules and regulations as regulated lenders.
FAQs - payday loan no credit check
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Is doing a credit check mandatory?
If a lender is regulated and authorised by the FCA, they are required to carry out a credit check as part of their loan application process.
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Is a no credit check payday loan safe?
No credit check payday loans are high-risk and can be very harmful to borrowers. We would not recommend taking out a loan with a lender who is not authorised by the FCA.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. 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.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk