When you need a short term loan to cover an emergency expense, it’s important to be aware of all the options available to you – and this includes no credit check loans from direct lenders and brokers. Having a low credit score can make it more difficult to be approved for credit, and this can cause people to look for payday loans from direct lenders with no credit check. However, offering payday loans with no credit checks in the UK goes against the guidelines of the Financial Conduct Authority (FCA).
On this page, we will discuss the regulations surrounding payday loans from direct lenders with no credit checks versus the short term loans with no credit checks that you may find via a broker. We will also discuss the potential risks involved in applying with a ‘true’ no credit check loan direct lender in the UK, as well as the alternatives to bad credit loans with no credit checks that are available to you. Ultimately, we hope to provide you with the information you need to decide whether any no credit check loans in the UK that you may come across are the best choice for your finances.