A credit check is done by the lender whenever you need to apply for a loan. This is done to assess your ability whether you are able to repay the amount or not. In case you do not have a good credit score then things may become difficult for you. People with poor credit scores usually have restricted options to get loans.
If a person has not had a good credit history or a very little score then he or she can come towards no credit check loans to fulfill the need of time. These loans are specially designed for those who want to borrow money without prominently considering their credit report or in short people with bad credit scores.Â
The given article describes 5 top no credit check providers in the UK that are available online. These don’t lend you money but they will help you to get the best possible loan offers for you.
What Are No Credit Check Loans?
Firstly, you have to understand there is no way in which a legal lender will give you money without doing any type of credit check. If someone does this remember it is not safe and legal. The term no credit check means a soft credit check where the creditor will not do a hard credit check.
These loans may come with a significant price like a high-interest rate but you can get them if the lender is assured that you can repay the loan back. Here other factors are also considered such as your current financial situation.
1. FastPaydayLoans.co.uk
Fast Payday Loans is the finest online credit broker in the UK. It has an extended network of trusted lenders because, for this reason, you can easily find lenders that will be happy to offer you a loan with a soft credit check.
As mentioned earlier, it does not actually lend you money but it will act as a bridge between you and the lender so you can get the best possible payday loans to offer. Moreover, you don’t need to search for or to read customer reviews just to find a trusted and affordable lender.Â
Key Features
- It has a good network of reputable lenders
- It doesn’t take any type of hidden fee or charges
- It has good customer service
How Much Can Be Borrowed?
You can borrow money starting from £50 and up to £5000 through FastPaydayLoans.
2. WeLoans.co.uk
WeLoans is another option on which you can rely to avoid a hard credit check. It will help you to find affordable payday loans from trusted lenders in the UK. It let you apply for a variety of loans including personal Loans, secured loans, bad credit loans, and much more. It also has a good customer support service available 24/7 hours.
It offers a simple online process just like FastPaydayLoans so there is no need to go to a bank or any financial institution or to go through lengthy paperwork. When you provide your information it will be assessed by its lender’s team and you will have many loan offers from which you can choose the one that suits you best.
Key Features
- It is a secure platform that uses encryption technology
- It helps you to get no obligation quotes
- It also offers 24/ 7 customer support service
How Much Can Be Borrowed?
By using WeLoans you can take a no-credit-check loan of up to £5000 that you need to repay usually up to 36 months or it can vary.
3. CocoLoan.co.uk
CocoLoan is a good loan broker company that offers quick loans. You will be connected to the lenders that will make their decision as soon as possible and if everything thing is set up the loan amount will be transferred to your bank account as soon as the next business day. Additionally, It is a secure platform that uses encryption technology.
When you apply for a no credit check loan on CocoLoan then you will be linked up with the lenders that will not do a hard credit check and will consider other things also while assessing your ability. They will consider your financial situation and source of income.
Key Features
- It offers fast services
- It does not involve any type of paperwork
- It has a good team of reputable UK lenders
How Much Can Be Borrowed?
With the help of CocoLoan, you can get a loan ranging from £100 to £5000.
4. GetPaydayLoan.co.uk
GetPaydayLoan is a website that offers a variety of loans to people living in the UK. It has some basic requirements according to FCA authorization. You need to be a UK citizen, you must have a regular source of income and you must be 18+ years old. Additionally, you need to provide some of your valid personal information.
It is a secured site that offers you a variety of online loans. It is friendly to those who have bad credit and help them to find trusted lenders and loan offers from them easily without damaging alot to their credit rating.
Key Features
- It is a secure platform
- It helps you get bad credit loans
- The lenders can tailor quotes for you.
How Much Can Be Borrowed?
You can get a no-credit-check loan of £50 to £5000 easily from the trusted lenders of the UK.
5. UKBadCreditLoans.com
UkBadCreditLoans is a loan-providing company that has a main focus on providing loans and helping those people who have poor credit scores. There are alot of reasons why a person has a damaged credit score. It can be a good option when you need to get the best offers of no credit check loans online.
It offers its services to all people regardless of any distinction. As a professional broker, it has contained an efficient and professional team of lenders so you can get reliable and safe loans. The whole process is carried out online and has very little effect on your credit rating.
Key Features
- It helps you to get the best possible quotes
- It offers fast approval and fund transfer
- You do not have to pay any additional fee
How Much Can Be Borrowed?
It connects you with the lenders that offer you no credit check loans from £100 to £5000.
Sum Up
Not everyone has a good credit score and people with bad credit history may have to face more difficulties in finding loans than others. We have provided the top 5 loan providers in the UK that let you connect with the lenders that will not do a hard credit check so you can get easy loans from them regardless of a poor credit report.
