No Credit Check Loans - Do they exist?

You cannot get a loan without a credit check in the UK. But, if you have bad credit, we can help you find a lender. Our loan matching service is 100% free for you to use. Learn more about no credit check loans below.

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NO OBLIGATION & NO BROKER FEES

Representative 49.9% APR

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.

We are a credit broker, not a lender

Please note all of the lenders we work with will perform a credit check. No credit check loans do not exist.

According to data, 39% of British adults admit to missing more than one credit payment against a debt. So if you need cash fast and you have bad credit, you’re not alone. If you’re looking for a loan, it’s understandable that you might seek out a no credit check loan because you might think it’s quicker or that reputable lenders won’t lend to you.

But, although all UK direct lenders will carry out credit checks in line with the Financial Conduct Authority (FCA) rules, this doesn’t mean you can’t get a loan with poor credit.

Alternative lenders now offer a wide range of loan products to make lending accessible to as many people as possible. Read on to learn more about no credit check loans.

No credit check loans - do they exist?

What are no credit check loans?

A no credit check loan is a loan where you don’t go through the credit check process. But these loans do not exist. Any lender who lends money to a UK consumer must follow the guidelines set out by the Financial Conduct Authority (FCA). This ensures responsible lending, i.e. that you can afford to repay the loan with interest in full.

What is a credit check?

A credit check is a process undertaken by lenders to thoroughly check your financial history — the process will highlight if you have any outstanding CCJs (county court judgements) or whether you’re bankrupt, and it will also show them the general health of your credit record, including any historic missed loan payments.

The lender uses this process to determine how risky it is to lend you money.

Soft Credit Check explained

A soft credit check doesn’t affect your credit score as it doesn’t appear on your credit file. Instead, a soft credit check determines whether you’d be a good match for a loan product. I.e. on the face of it, you can afford the loan. When you check your own credit score, this also performs a soft credit check.

When you get a free quote from ThisLender, a soft credit check will be performed by our lenders to give them a top-level view of your finances. They do not perform a hard credit check until you have accepted their loan offer and proceed with the loan application. Getting a quote with us will not affect your credit score.

Hard Credit Check explained

A hard credit check shows up on your credit report. This is why you should limit how many loan applications you make. A hard credit check is a deeper dive into your financial history — it’ll highlight any missed or late payments made on previous debt.

Some debts will eventually be wiped from your credit file — for example, a CCJ will remain on your credit file for up to six years.

Our panel of lenders welcome loan applications from various consumers, regardless of credit history. We can help you with bad credit loan options like guarantor loans if you have a poor credit history, so don’t let that stop you from getting a quote.

Please note all of the lenders we work with will perform a credit check. No credit check loans do not exist.

Why is a credit check important when taking out a loan?

Lenders have a responsibility to lend to consumers who can afford to repay the loan. Not only to cover their own investment but to ensure you don’t get yourself into debt you cannot get out of.

Remember: If you’re struggling with debt, visit MoneyHelper.org.uk to access free and impartial debt advice.

Are no credit check loans legal?

If a lender is offering loans without carrying out a credit check, they are going against the rules set out by the FCA and are possibly offering money illegally. If you think you’ve encountered a loan shark or a lender irresponsibly lending, you can report them here.

Are no credit check loans safe?

No, these loans are not safe. You should always seek out a reputable lender, one that is regulated by the FCA and authorised to lend money. A no credit check loan could likely be a scam and could mean you find yourself further in debt, as these loans usually come with extortionately high interest rates.

Does ThisLender offer no credit check loans?

No. At ThisLender, we only work with reputable lenders that are regulated by the FCA. This means they follow all the rules and regulations set out by the Association and lend money responsibly to all borrowers. All of the lenders we work with will perform a credit check on application.

Although we can’t help you find a no credit check loan, we can help match you with a suitable lender offering great bad credit loan options.

Do direct lenders offer loans with no credit checks?

No. It doesn’t matter which UK direct lender you apply for a loan with — they should not offer no credit check loans. So whether you go direct to a lender or use a free loan matching service like us, you cannot access a no credit check loan.

Remember: If you’re struggling with debt and need some unbiased guidance or advice, speak to the advisors at MoneyHelper.org.uk. This service is completely free for you to use.

Can I get a no credit check loan in the UK?

You can’t legally acquire a no credit check loan in the UK through a reputable lender. However, if you have borrowed money from a loan shark, or you’ve spotted what you think might be a loan shark, you can report them here.

If you need cash fast while you wait for payday to come back around, we can help you safely access money from £50 up to £5000 (sometimes within just 10 minutes²). Even if you have a bad credit history, we can help you find short term loans for bad credit.

Please note all of the lenders we work with will perform a credit check. No credit check loans do not exist.

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Access from £50 to £5000

Where do I go for help if I’m in financial difficulty?

If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.

Get your free loan quote today

Access from £50 to £5000

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Representative 49.9% APR

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.

We are a credit broker, not a lender.

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