No credit check payday loan can be an ideal way to sort out a financial emergency. It is a way of borrowing a small amount of money for a short term. The loans do not last long, which means that you will not have debt hanging over you for a long period of time. They are easy to apply for, the decisions are made very quickly and you may even have the money that you need within a few hours. They are probably the easiest loans to get approval for.
Who are no credit checks Payday Loans For?
The concept of no credit check payday loans came about when it became apparent that people with poor credit ratings had no way of getting money in an emergency. These loans, therefore, do not rely on you passing a credit check. They are speedy because there is no credit check and this also means that the money can be made available very quickly. A few checks do need to be done but they do not take long and applicants tend to have their money within a working day, some even within a few hours. The only restrictions are that applicants need to be over the age of 18, a UK resident with a UK bank account and have a monthly salary.
Are No Credit Check Payday Loans Expensive?
There is a lot in the press about how expensive no credit check payday loans can be. These are often worked out using the APR, but this is not a good thing to use when calculating the costs of payday loans. We have a payday loan calculator which will enable you to see how much the loan will actually cost. If you enter the amount that you want to borrow and how long for, then it will let you know the total amount that you will need to pay back. If you do not pay the loan back on time, there will be additional charges, so make sure that you only borrow an amount that you will be able to pay back on time.
Advantages of No Credit Check Payday Loans
There are no credit checks so if you have a poor credit record it will not make any difference. As payday loans are just short term loans, you will not have a big debt hanging over you for long. You can borrow small amounts of money for short terms, which means that you do not have huge interest payments adding up. Loans can be approved quickly and so you can get the money really fast.
How we work
Do you occasionally lack money for covering unplanned expenditures? With no credit checks payday loans you can always get hold of some extra money for meeting urgent cash requirements. The payday loans we offer are ideal for handling expenditures which do not exceed £1000.
When applying for no credit checks payday loans through our creditpoor.co.uk, you will never face the problem of pledging collateral, as this type of personal loan is secured by your pay cheque. We believe that receiving financial assistance should be easy, so we do not require you to fax documents or undergo a credit checks. This greatly accelerates the approval process and you get your money as quickly as possible to allow you to meet your financial requirements.