Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

No Credit Check Loans

Apply for up to £5,000 over a period of 1 to 60 months.

Representative Example: If you borrow £500 over 6 months at a rate of 25.5% per annum (variable) with a representative 46.19% APR you will make 6 monthly payments of £92.96, repaying £557.76 in total.

Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk/en.

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Understanding No Credit Check Loans

Why Do People Search for ‘Instant Loans No Credit Check’?

There are many reasons why applicants may search for short time finance without credit checks.

Namely, borrowers who have a bad credit history, or what is called a ‘thin file’ credit report will search for payday loans without credit checks. However, as short term credit is regulated by the Financial Conduct Authority, to provide these loans without the appropriate affordability checks is against regulation. FCA regulations ensure that:

  • That the consumer credit market runs efficiently
  • Borrowers have access to the financial services that they need
  • The best interests and rights of borrowers are protected
  • Customers cannot borrow more money than they can afford to pay back

Borrowers need to be wary of any lenders who offer loan applications with no credit check. Instead, if you need to borrow money quickly and are worried about your credit, there are many other available options for those who seek finance and have managed credit poorly in the past. All reputable lenders have a responsibility to ensure that borrowers can afford to take out any money they borrow.

Any trustworthy financial institution will need to perform a credit check to make sure that you can repay this loan. This is good practice, and reputable lenders should not allow you to take out a loan that you cannot afford.

who can get a no credit check loan 

How can I get a loan without a credit check?

Essentially, you cannot get a loan without a credit check. As previously mentioned, all lenders must carry out the appropriate checks to ensure that you can apply to borrow money and repay the loan and its interest in full.

This will include performing either a hard or soft credit check to confirm your details and your creditworthiness, as well as safeguarding you from affordability issues in the future. Without these carrying out checks, payday lenders would be going against FCA regulation.

Why are instant no credit check loans so appealing?

You may be wondering why someone would look for credit without a credit check, specifically.

Why wouldn’t you want a lender to assess your application considering your credit score, especially since it’s so important? Well, there are several reasons why applicants may want to avoid a credit check and borrow a loan:

  • Poor credit rating
  • To improve credit score
  • To avoid invasive checks

Poor credit rating

Unsurprisingly, the most common reason people look for payday loans with no credit checks is that they have bad credit. As you may know, when your credit rating is not ideal, it can be very limiting when it comes to borrowing money. It can saddle you with high interest, short repayment terms and low loan amounts, or even prevent you from getting approved for a loan, altogether.

Everyone wants to get the best deal possible, and to be given their best chance, so many believe that ignoring one’s credit score can enable them to borrow at better rates.

It can saddle you with high interest, short repayment terms and low loan amounts, or even prevent you from getting approved for a loan, altogether.

The fear of not being approved for a loan or not getting the best deal because of your credit score leads many people to seek out no credit check loans in order to secure finance.

To improve credit score

The other aspect you may not have thought about is that opting for a loan may, in fact, improve your credit score.

The more you repay consistently and reliably, the better your score will be. For example, if you were to get a payday loan with no credit check that you then proceed to repay on time for several months dutifully, not only will that not damage your credit score, but it will help it increase because you’d have demonstrated a history of reliable repayment.

To avoid credit checks

Some people may apply for a no credit check loan to avoid a credit check. This could be because of a poor credit rating, or because they’re concerned about a credit check being too invasive.

However, credit checks will always have to take place in order to ensure responsible lending and to help avoid fraudulent activity.

If you are not in employment

Students in further education or those receiving state benefits, may be attracted to no credit check loans as they may not have a high or steady income. Credit checks are performed not only to authorise creditworthiness but also to confirm applicants affordability of total repayment.

Would it be possible to get a no credit check loan?

No, it would not. Lenders are required to perform a credit check as part of responsible lending. The closest to a no credit check loan is a soft-credit check. A soft-credit check gives an insight into your credit rating without having an impact on your credit score.

Why Would a Lender Offer Money With No Credit Check?

Any reputable and regulated lender or credit broker simply will not offer a ‘no credit check loan’. Lenders and credit brokers must follow the rule of law and perform credit checks to lend responsibly.

They must assess the borrower’s creditworthiness and affordability to ensure that the borrower can repay the loan.

What checks are performed when applying for a loan?

As credit checks are an essential part of verifying your credit and that you can pay back the loan, how else can they assess your creditworthiness and verify your identity to secure the money you are borrowing? Lenders carry out other background checks, including:

  • Affordability checks
  • Identity checks
  • Employment verification checks

Affordability Checks

Any reputable lending or credit brokering company will perform an affordability check, regardless of whether they’ve run a credit check or how good your rating is. The Money Advice Service has a loan calculator available to check what payments you’d be able to afford.

A good rule is not to make deals with any lender who will not perform this check, as they do not have your best interest in mind. You should also make sure you can afford a loan, but it is also their responsibility.

Identity Checks

In addition to the affordability check, you will also undergo an ID check of sorts. This is like a background check looking at your identity if you are genuinely whom you say you are, where you live, how long you’ve been in the country, etc. Think of it as kind of a DBS check.

This, again, does not require your credit score or anything of that sort, so it’s still not taken into consideration during your assessment. This does, however, help the lender gain a better understanding of your identity and reliability.

Employment Verification Checks

Finally, they will do an employment check, where they will verify your place of employment, your income, if you are likely to continue to receive income for the duration of your loan repayment, etc.

This ties into the affordability check, and it is a very important step in confirming that you can, indeed, be trusted to reliably repay the loan, even without checking your credit history and rating.

What are the risks of a No Credit Check Loan?

There are many potential risks of borrowing without the appropriate credit and affordability assessments. If a lender does not carry out a credit check before they approve your application, you could potentially find yourself struggling to manage your debts. The main risks include:

1. Lenders may be unreliable

One issue with quick loans and no credit checks, is that the lending company may not be as trustworthy as it appears. Considering that ‘no credit check loans’ don’t exist, you should approach the credit company with caution or simply stay away.

Be sure to look into the company’s history, as well as reviews to make sure you are not falling prey to a loan shark. Also, be vigilant when looking over the documentation and check for surprise clauses, hidden fees, and undisclosed charges.

2. Lenders may be unregulated

An unregulated lender could lead to many problems. You see, not everyone is registered and trustworthy, and there are quite a few loan sharks out there masquerading as earnest payday lenders. The number of people who’ve fallen prey to these predatory establishments is not small, and if you’re not careful, you may end up in their greedy hands, having signed a very unfortunate contract.

3. You could encounter affordability problems

The other problem is the limitation caused by the terms of the loan itself. You see, the lack of credit check means they offer you less money, on a shorter repayment term, and with a higher interest rate. All these things can make things difficult when it comes time to pay the regular loan instalments and cause money problems in the future.

4. High rates of APR and interest

As most lenders who provide bad credit payday loans will have to account for the risk of lending to customers with bad or in some cases, no credit, higher rates of interest and APR can be applied to the loan. Higher interest rates can cause affordability problems in the future.

How to avoid getting caught out by ‘no credit check loan’ direct lenders

One of the unfortunate drawbacks of no credit check loans is that many payday lenders are out to prey on their borrowers. However, there are some surefire ways to protect yourself against scammers and ensure that the deal you’re signing is legitimate. Here’s what to look out for with no credit check loans:

  • Research the company beforehand
  • Always read the terms and conditions of the loan

Research The Company Beforehand

Before anything else, you have to look into the company you are planning to use. How long have they been operating? What are the reviews like? Are they authorised to lend money?

These are all important aspects to consider and check before committing to a loan with any lending company. You wouldn’t want to sign a contract and then realise you’ve just legally tied yourself to a loan shark. Always exercise caution.

Always Read The Terms and Conditions Of The Loan

The other rule of borrowing money is to always read the terms of the loan they offer you. To understand the conditions you have agreed to. Only once you know everything there is to know about this loan, such as charges and interest, should you sign a contract.

Can I still get Instant Loans with Bad Credit?

Yes, you can still get a payday loan even if you have bad credit. Loans without credit checks are solely aimed to attract people who have problems with bad credit. While you may think that a poor credit rating stops you from borrowing money, in fact, this is not always the truth.

There are a number of ways in which applicants can get personal loans with bad credit. You can improve your credit score by;

  • Checking your credit report for mistakes or unrecognised activity.
  • Ensuring that you’re on the electoral register.
  • Making sure you’re not maxing out your credit.
  • Don’t apply for too much credit over a short span of time.
  • Repay your debts in full and on time.
no credit check loan rejection

Why do I keep getting declined for a loan?

Poor credit can be one of the main reasons why applicants get declined for credit. If you can’t demonstrate that you can manage credit responsibly, it can impact your life in many different ways when you need a loan. Here are some of the problems you may experience when you have bad credit:

How can a bad credit score affect you?

You may be rejected for tenancies and payment plans

Before agreeing to anything, your credit score will be analysed to see how responsible you are with finances.

Your credit will come into play if you are trying to secure a tenancy or a mortgage. Or if you want to pay for a sofa in instalments. Lenders will access you and your credit managing ability based on your past behaviour. If this is poor, you could face rejection.

You may be rejected for loans and credit cards

When it comes to credit cards and loans, you will either be outright rejected from borrowing money or getting an overdraft. Or you will be offered very bad or limiting terms, such as:

  • Higher interest rates
  • Lower loan amounts
  • Shorter repayment periods

How To Keep On Track With Payments

Is the thought of making repayments giving you a hard time? Have you had trouble with consistent repayments in the past? Here are some of the things you can do to keep on track with payments:

  • Cut back on your expenses to save money for your loan instalments
  • Mark your due dates in your calendar and set alarms
  • Use an app that tracks your debt and payments
  • Set up direct debits to make sure your loans get paid on time

How to get a loan to improve your credit score

Since you’re struggling with bad credit, you will probably already know that many lending companies will deny you loans based on the credit check, or you will be offered bad deals. You can, in fact, circumvent rejection by opting for personal loans no credit check. As the name says, a no credit check loan is a loan you get without going through the typical credit check.

Why does getting a loan help build your credit rating?

Since your credit rating reflects your financial behaviour and responsibility, it is affected positively or negatively by every move you make. We all know that defaulting on loans or making late payments drags our score down, but we tend to forget that good, consistent financial behaviour will improve our score.

So, if you were to get a loan and pay it off quickly, consistently, and responsibly, not only would you benefit from the money you borrowed, but you would also improve your score at the same time. All in all, poor credit is not the end of the world, especially when there are plenty of reputable lenders out there who are willing to understand circumstances and offer you a loan, regardless of your bad credit.

All in all, poor credit is not the end of the world, especially when there are plenty of reputable lenders out there who are willing to understand circumstances and offer you a loan, regardless of your bad credit.

I’m struggling with debt – what should I do?

If you’re struggling with debt, then you should not take a loan out to cover any long-standing debt. This can cause further financial problems, and it is always advisable never to borrow more than you can actually afford.

If you are struggling from debt, some organisations that can provide advice to you for free. These websites include:

What does representative APR mean?

APR stands for ‘annual percentage rate’. Representative APR is the total cost of borrowing money over a year, which includes the interest and standard fees you will have to pay.

It is ‘representative’ as 51% of applicants will receive the same rate of interest, or lower, that is advertised by the lender. Therefore, it is not guaranteed that customers will receive the same APR that is advertised.

Instead, a customer will likely be offered a personal rate on a loan, which can be lower, higher, or the same as the advertised APR. Personal rates are generally influenced by factors such as credit score, personal finances and how much you want to borrow.

With the lenders we work with at Flexy Finance, the representative APR that we advertise is 46.19% APR.

What are the alternatives to no credit check loans?

If your credit could be better and it’s stopping you from getting accepted for a loan or other types of financing. There are alternatives you can look into if you’re still unsure which way you want to go. Let’s take a look at what alternatives are available for those who have bad credit.

Finding alternatives to no credit check loans

As loans with no credit checks aren’t authorised and regulated, making them unsuitable for borrowers, you may be wondering what the alternatives products and loan offers are out there. Here are some suitable alternatives, which are regulated:

1. Bad Credit Loans

Poor credit loans are specially designed for potential borrowers who do not have the best financial history. That means that you won’t be rejected automatically and have options for various credit levels.

However, bad credit loans will likely include higher interest, smaller borrowing amounts, and shorter repayment periods.

2. Secured Loans

If you have assets, then the solution to your credit issues could be a secured loan. You’ll need to offer your asset as collateral to secure your loan, such as a car or property. This will allow you access to a lower interest rate and a higher borrowing limit. Be aware that if you fail to keep up with your repayments, the assets you use as collateral will be repossessed.

3. Family Loans

Circumvent all the issues that come with borrowing from banks and traditional lenders with a family loan. You won’t have to deal with eligibility issues, interest rates, amongst other things. However, always keep in mind that borrowing money from family can cause conflict to arise.


While loans with no credit check do not exist, you can make other viable choices that are legal and regulated.

Alternatives include bad credit loans, secured loans, and no credit score loans. However, each will have its own pros and cons that need to be considered. Compare your options before deciding to make sure that you pick the best credit for you.

no credit check loans conclusion

Top Tips On Getting A Loan

Most people that search for a loan without a credit check are often concerned that their credit file could affect their application.

However, as appealing as a no credit check loan can sound, it is safer and easier to get yourself a loan from a lender who carries out all the appropriate checks, as this will protect you from affordability issues in the future.

how to budget with loans 

1. Keep on top of your repayments

If you’re looking to borrow money and wish to improve your credit score, then you’ll have to make it your number one priority to keep on top of your repayments.

Ensure that you create a more financially responsible image for yourself. Keep track of your repayment dates and set up direct debits to ensure your bills are paid on time and full.

2. Use Budgeting Tools and apps

It’s 2021 and time you take full advantage of all the technology that can make your life easier.

Budgeting tools can help to do all the work for you and are an excellent way to ensure that:

  • You have enough money to afford your loan instalments
  • That you pay everything on time

A simple excel spreadsheet, a special website or a smartphone app can be exactly what you need. Input all the information in that you need and allow the tool to do the hard work for you, keeping track of your finances.

Alternatively, you can always use pencil and paper to keep track of your spending.

3. Pay Your Payday Loans Early

In some cases, paying your loans early can benefit your credit report.

However, you should ensure that the lender does have Early Repayment Charges so that you do not have to pay any additional fees or interest for repaying your loan early. This can, in some cases, appear positive to potential lenders because you are demonstrating your ability to repay a loan promptly.

Inform yourself about the top tips on getting a loan with no credit check so you can rest easy and enjoy your money.

Things to be Aware of

No credit check loans sound like a dream come true for some borrowers – but not so fast – there are some risks you need to be made aware of. Fortunately, you can successfully avoid them and benefit from all the advantages of payday loans with no credit checks offer you!

What Would The Risks Be?

Some of the common risks of no credit check loans include:

  • Interest rates would be high
  • Loan amounts would be small
  • Lenders would be unregulated

How Can You Avoid The Risks?

Once you have been informed and made aware of the risks involved with a no credit check loan, we can now discuss how to avoid those risks. Here’s what you need to know about avoiding the pitfalls of short term finance:

  1. Check out the lender first: Before signing anything, you need to investigate the lending company. Look into their background, look for reviews from third-party websites online, and check with the Financial Conduct Authority (FCA) that they are properly registered and authorised to lend money.
  2. Work out your affordability: A good lending company will always carry out affordability checks before accepting your application for finance. However, it is also your responsibility as a borrower to make sure that you can afford to take this money and then pay it back, including the full interest amount. Use the Money Advice Service’s Loan Calculator to work out what you can afford.
  3. Ensure the money is enough to cover your needs: There is no use in getting a loan if the amount will not even meet your needs. Therefore, before you sign on the terms and conditions, you need to check the amount you need.

If the amount you can get comfortably covers your needs, then you’re good to go, but if there is any chance that you might need to borrow extra from another source, then it’s not worth it.

Frequently Asked Questions

No credit check loans are a form of short term credit which allows the lender to borrow money without the lender having to undergo a credit report check. Instead, in theory, lenders would use bank statements and paychecks to determine borrowers’ affordability and creditworthiness. However, not carrying out the appropriate credit and affordability assessments is against FCA regulation.


No credit check loans are not real. By law, all loan applications must have a credit check to ensure that lenders and credit brokers lend responsibly. People will often search for no credit check loans as they are concerned that their credit rating will affect their application process.

It is against FCA regulation for payday lenders in the UK to lend money without performing the appropriate credit and affordability assessment checks before they issue the loan. All regulated lenders must carry out these checks as part of their obligation to carry out responsible lending practices.

If you have bad credit, then you can consider providing a guarantor with your loan application. Many lenders will consider loan applications from poor or thin file credit reports if they have a guarantor. Guarantors will ensure that the loan is repaid if the borrower cannot make the repayments.

Applicants who receive state benefits may need special assistance in finding lenders and loan terms designed to suit their needs. At Flexy Finance, we specialise in helping customers find the best deals on short-term credit options.

How to Find No Credit Check Loans in Three Steps

Time Needed : 5 minutes
Check these steps to find out how easy it is to apply for a loan at Flexy Finance!
  • 1. Submit An Online Application Form​ for No Credit Check Loans

    Applying through Flexy Finance is always quick and easy. Simply complete our 1-2 page application form. You can apply on the go, or from the comfort of your own home. Better still, there are no calls or paperwork involved!

  • 2. We search a large panel of UK lenders

    We search a large panel of UK lenders in real time, so that we can deliver you an instant decision. Within seconds of applying you'll know if a lender has accepted you or not. Unlike banks, our lenders are able to issue loans to people from all different walks of life and accomodate a range of different credit scores. There's an option for everyone!

  • 3. Access The Cash

    The majority of lenders are able to deposit the cash direct to your account, within just 24 hours! We'll never charge you any fees and there is no paperwork to complete. There you have it, apply for up to £5,000 in the quickest and simplest way possible today

  • 1. Mobile, Laptop or Tablet.

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