No Credit Check Payday Lenders | All Credit Histories Welcome | PM Loans

No Credit Check Payday Lenders

No credit check payday lenders are where short term loans are granted without the lender carrying out any affordability and credit checks first. With no credit check, footprints do not show up on your credit report, which means you will not lose your credit score. We will decide your creditworthiness on the basis of your income statement.

Generally, lenders use a soft credit check to assess the affordability of loan repayment before providing an initial loan quote to the borrower.

Financial emergencies do occur, and sudden unexpected circumstances can leave you needing extra income without the means to acquire it. A lot of people are living paycheck to paycheck or on a tight budget which means that many individuals are unable to start saving. This means that should the unexpected suddenly occur, for example, if you receive an unexpected bill, or are unable to work due to a sudden illness or injury, then there is no spare cash on hand to immediately rectify the problem.  Many individuals who find themselves in sudden financial difficulty start to panic and look for loans without credit checks. Though this may not always be the solution.

Do PMLoans Offer Loans with no Credit Checks?

At PMLoans, we feel that it is our obligation as a responsible lender to run checks before we issue somebody a loan. These checks do include a credit check as well as an affordability check. This is so we can be sure that when we issue a loan, we are confident that it will be repaid within the agreed-upon time-frame. Furthermore, we need to be sure that we are not going to be worsening your financial situation. A poor credit rating, however, does not necessarily mean that we won’t lend money to you. All of our loan decisions are based upon multiple factors including a credit and an affordability check, so if you do need a short-term loan then follow this link to apply online today.

How do PMLoans View Your Credit Rating?

Here at PMLoans, we believe that offering a loan without a credit check is irresponsible and nowadays most reputable companies won’t offer you a loan without one. We need to understand a loanee’s financial history, otherwise, we could be making a bad financial situation even worse. However, we also understand that credit scores can be affected by many different things. Poor credit scores can signify that a customer has experienced difficulties in the past, though their circumstances may have changed for the better. For instance, if someone has never entered into a credit agreement, or if they have paid a bill late, then their credit score can suffer. For this reason, we always look at the full case in front of us before we make a decision.

Will Other Lenders Offer Loans with no Credit Check?

The reality is that there are some lenders out there who will offer a loan with no credit check. Here at, we take our responsibilities as a lender very seriously. We understand that a company checking your credit score can be stressful, but we do it to make sure that you are in a strong enough financial position to repay the loan, and so we can be certain that we are not adding financial pressure. If, after our checks have been completed, we’re sure that you can afford to pay back the loan without getting into more difficulties, we are more than likely to accept your loan application.

Can PMLoans Really Look Past a Poor Credit Score?

Absolutely, we are able to offer you a short-term loan even when your credit score is less than perfect. This is because we run several checks that are designed to gauge your ability to repay a loan in full whilst fulfilling the terms and conditions of your loan. The fact that our short-term loans are offered over a 3 month period, as well as over a 12 month period, gives us more confidence in your ability to pay us back without it drastically affecting your financial situation.

At PMLoans, our short-term loans, that range from £100 up to £1500, with repayments made over a three month period. These are designed to bridge the gaps between your income and your unexpected expenses. As a result, we do have more flexibility than other lenders because we lend smaller amounts over a shorter period. If you want more information about our loans you can find it here. Once you are ready, just fill out our application form to get the process started.

What is a Credit Check?

A credit check is when a company looks at information from your credit report to understand your financial behaviour. When checking someone’s file, the following information will be made available:

  • Your full name and date of birth
  • Electoral roll information to confirm your current and previous addresses
  • All loans, credit card and mortgage accounts that are open, start date and loan amounts. All accounts closed in the last six years will be listed.
  • Previous application searches and footprints
  • Joint accounts with other people e.g spouses
  • Any missed repayments and number of times it has happened
  • History of debt including bankruptcy and CCJs

Can I get a Payday Loan without a Credit Check?

No, there is no such thing as loan without a credit check. The financial regulator of the UK – the Financial Conduct Authority – has made credit checks mandatory. Borrowers used to borrow a hefty amount of money and when they failed to repay, they had to pay more than twice the borrowed loan amount. Hence, a proper review of the credit history will a lender to evaluate a borrower’s financial conditions and his capability to repay the loan so that the borrower doesn’t get caught in a debt trap.

Are No Credit Check Payday Lenders available?

How to apply safely for a Payday Loan?

At PM Loans, we are an FCA registered direct lender as well as loan broker that deals with a panel of FCA authorised lenders of the UK. We promote responsible lending and hence, our lenders conduct a credit check to safeguard the interests of the borrowers. We deal in a wide variety of short term loans to cater to the financial needs of borrowers.

If you are looking to apply for a payday loan, here is how they work:

  • Submit your online application form
  • Get an instant decision
  • Receive your funds the same day or next working day

Apply Now!