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Almost every lender out there today will check the “credit history” of a client before they agree to give them a loan or line of credit. By looking at how you’ve worked with money in the past, a bank or building society can make an assumption about how much of a “risk” you might be in the future.

Unfortunately, because many lenders don’t take the context of poor credit into account when deciding who they should give loans to, this can mean that certain people are left with fewer forms of support when they need access to additional forms of finance. Even if you think that that payday loans with no credit check could help you to get the help you need, fast.

What is a Payday Loan with No Credit Check?

A payday loan is a financial vehicle used to help tide people over until they get their next payday. Essentially, if you’re struggling to pay for an emergency because you haven’t had your monthly check yet, then a payday loan can help.

A payday loan with no credit check simply means that when you apply for a short-term loan with a company, that organisation won’t leave a black mark on your record by looking at your history before they decide whether you should get a loan. This can make it much easier for people with a bad credit history to get the support they need in a hurry. Although this isn’t really something that any reputable lender can offer you as all lenders would perform at least some kind of soft check.

Once you’ve been accepted for your payday loan, you’ll simply need to pay back the money you borrowed, plus interest on your next payday. Some lenders will even allow you to choose the term that works best for you, so you don’t have to worry about making payments the moment your wages come through.

Who Can Apply for Payday Loans No Credit Check?

One of the most appealing things about a bad credit payday loan is that it’s available to almost anyone. Because these financial solutions are designed specifically for people who have a bad credit history, just about anyone can apply for them. Since your lender won’t be looking at your credit record to decide whether they should lend to you, they’ll be focusing on other criteria, like:

  • Your age
  • Your income
  • Your existing debts
  • Your financial commitments

Some lenders in the payday loan space will be able to offer you an eligibility check before you apply – which is otherwise known as a soft search quote. This will tell you whether they’re likely to accept your application, and how much you’ll need to pay in interest.

What are the Benefits of a Bad Credit Payday Loan?

If you are applicable for a payday loan with no credit check, then there are several advantages to exploring this route for financing. For instance, a payday loan such as those offered by cobra payday loans allows you to get access to cash quickly in a financial emergency, whereas other loan applications may take a few weeks to go through. If your car breaks down, or you need to replace your boiler, then a payday loan can give you the extra help you need to get by until payday.

Some other benefits of a payday loan include:

  • No need to work on building your credit rating before you can apply for a loan. Payday loans can protect your credit rating by ensuring you can pay your bills.
  • Independence: you can continue to pay for the things you need at a pace that suits you and ensure that you’re not left in a sticky situation.
  • Save money: Sometimes, a payday loan can save you money by ensuring you avoid problems like credit card fees and bank overdrafts.

Bad Credit Loan Summary

If you have bad credit and you’re struggling to get the support you need from banks and building societies when it comes to applying for loans and credit cards, then it can help to work on improving your rating. For instance, making sure that you pay your bills on time with a direct debit, and signing up for the electoral roll can make it easier to get your credit back on track.

However, even if you’re starting to rebuild your credit, you may find that a payday loan for bad credit is the easiest way to access the finance you need in a hurry. If you simply need a small amount of money to tide you over, and you don’t want to have to worry about credit ratings, a payday loan could be the solution for you. is NOT a direct lender and our loan-matching service is free to use. We don't charge a fee, but there might be a charge from some lenders within our network. Emu is a trading style of Ready Money Capital Ltd. does not make lending or credit decisions, we are not a lender - as a broker we match customer's loan applications with lenders in our database depending on the information provided. Ready Money Capital Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number 802557. Licensed by the Information Commissioners Office (registration number ZA441875).

Warning: Late repayment can cause you serious money problems. For help, go to Emu is a broker, not a lender, and does not make credit decisions.