WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Please note: We are a broker, not a lender, and do not make credit decisions.
Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).
Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
We never charge any fees,
our service is 100% free
Bad Credit Welcome
Guaranteed the best rates to your
circumstances from 50+ lenders
If approved, the money could be
in your account the same day
Looking for a no credit check payday loan? Here at 1st Class Loans, we’ll break down everything you need to know and provide you with some helpful information so that you can make the right decision when choosing your loan.
People often search for ‘no credit check loans with direct lender’ in the hope they will apply for a loan and the direct lender won’t conduct a credit check on their report. This is usually due to having a bad credit score and they are worried that they won’t get approved, or that they don’t want a rejected application damaging their credit score further.
Unfortunately, the answer is no – In this day and age, no lender will provide funds without doing a few checks first. All direct lenders will carry out a full credit check before finalising their lending decision. The reason for this is to check if you are high risk in terms of paying back the loans, which is also a factor in determining how much APR you might be charged.
However, we might be able to help you with your no credit check loan with instant decision search.
1st Class Loans can help customers get a quote for no credit check loans in the UK. We use clever software, which can help you get you a quote from 40+ direct payday loan lenders, without impacting your credit score.
How it works – The technology carries out what is called a soft search. Whilst this isn’t a no credit check payday loan, it allows the lenders to conduct a ‘soft search’ on your credit report to see if you match their lending criteria providing you with a provisionally pre-approved quote, without impacting your score.
If you are matched with a lender, the clever software will then redirect you to the direct lender’s website, and if you decide to accept the quote then the direct lender will carry out a hard credit search on you, before making their final lending decision.
Customers should be searching for ‘soft searches loans’ instead of ‘no credit check loans.’ As no credit check loans aren’t factual and can be quite misleading.
According to Clear Score “A soft search is a preliminary credit check. It means a lender will search for some information about you, but will not see all of your credit report information.
These types of credit checks are not visible to prospective lenders and only you can see them. You can have unlimited soft searches on your credit report without it having any impact on your credit report or score.
You can see these on your credit report for a period of 12 months.”
Getting a quote through 1st Class Loans will only ever leave a soft search on your credit history. But if you were to apply through a no credit check direct lender, then in most cases this will leave a hard search on your file.
If you are searching for a ‘no credit check loan with no guarantor’ we can offer you an alternative – no credit check loans with no guarantor quote. We have a very detailed page about no guarantor loans and as previously stated above our partner’s software will only ever carry out a soft search on you whilst searching for a quote.
Here at 1st Class Loans we believe in honesty and treating our customers fairly. We will always advise that you only commit to a loan if you really do need it for emergency cash. Fast loans shouldn’t be taken out lightly, and if you feel like you are caught in the payday loan cycle please read our blog on financial management and seek some professional financial help.
If you have considered other options and you wish to proceed with a no credit check pingtree loan, then we recommend using 1st Class Loans. For more information about how the pingtree works please see our Pingtree loans page