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What is a Payday Loan No Credit Check?

When you don’t want to be credit checked for whatever reason, but you need a loan, you don’t often have many options available to you. This is because a lot of the major payday loan providers will credit check you as the first thing they do. This is where the expert payday loan broker Payday Loan Ranger can help. We can source a payday loan for you that doesn’t need a credit check to be accepted for. Thanks to our expansive portfolio of payday loan lenders, we can more or less always present some viable options to you.

Instead of a credit check, a lot of our providers will carry out identity and incoming/outgoing checks when someone applies for a payday loan no credit check. This is to determine the affordability of the loan for the applicant with marking on their credit report that they’re applying for finance. There are other areas such as having CCJ’s that can end up in a decline, but it won’t be anything from your credit history.

Why would someone opt to apply for a no credit check payday loan?

Every person is different, but these are just some of the reasons our customers have had for selecting a payday loan without a credit check:

  • Privacy – A few of our customers have said that they don’t like the thought of a lender looking through their credit history as it seems a bit invasive.
  • Poor Credit – If you have bad credit, it can be extremely difficult obtaining finance. For this reason, some people opt to not even have it checked as they already know what it says.
  • Indication that you’re applying for credit – When a lender looks up your credit report, it leaves a footprint that you’ve applied for that loan. This can then affect your overall credit score and end up with you receiving higher interest rates from potential lenders.