If you have a poor credit rating then you will know how difficult it can be to get a loan or get any sort of credit. In the UK we have a credit rating system where several of the large rating agencies give you a credit score. The higher this score is the more likely you are to be able to get credit.
You can however get payday loans, no credit check is required as the lender does not go to one of the big credit agencies such as Experian, Equifax or Callcredit. This means that the payday lender will only see the information that you provide on your application and not judge you on your past credit record.
This means that if you have previously been turned down for a loan you can apply for a payday loan from one of the many online providers. There are several companies that do not require a credit check, however where one lender may refuse you another may except your application. This is because different payday lenders work differently so do not be dismayed if you are refused a loan as you can reapply for a lower amount or just try another lender. It does not cost any extra only the time to fill in the online forms.
Whilst payday loans no credit check lending is more flexible there are still a few requirements that you will have to meet. The basic requirements for all lenders are that you are a UK resident of at least 18 years of age and you have a current UK bank account. You will usually have to provide the details of your bank that you have any income paid into such as that from your job.
How much you can borrow will depend on how much you earn and which lender you are applying to. As a general rule you can borrow between £80 and £750 although this does vary slightly. If you have a previous history with a particular lender they may offer to lend you more.
