Why do people search for loans with no credit check?

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Want a short term loans alternative but not sure if you want a credit check? Learn more!


How much do you need?

£2,000
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£5,000
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£7,500
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£10,000
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£20,000
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£25,000
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*Direct lender and brokerage service*
*Representative 39.7% APR* (fixed)


All about applying for short term loans for bad credit, from Personal Loans Now
How much do you need?

£2,000
Apply now

£5,000
Apply now

£7,500
Apply now

£10,000
Apply now

£20,000
Apply now

£25,000
Apply now
*Direct lender and brokerage service*
*Representative 39.7% APR* (fixed)




Will Personal Loans Now perform credit checks?


Yes, we perform credit checks on all our customers because we have your best interests in mind. We don’t want to fund you a loan that you cannot afford. As per the FCA’s regulations, every lender must perform credit checks before approving a loan application.

But don’t worry, if we can’t fund you the money ourselves, your application will be forwarded to handpicked lenders that are most suited to your requirements, to try and get you the best short term loan, that you need fast. Each lender will carry out their own affordability and credit checks. The best short term loans alternative offer received is then selected and presented to you within 90 seconds of applying. Personal Loans Now only work with FCA-authorised lenders, so your credit will always be checked before you can receive a loan.


Apply with Personal Loans Now for a short term loan from a panel of responsible lenders

Apply now for a short term loan
from PLNOW, a responsible direct lender

Apply now for a short term loan
from PLNOW, a responsible direct lender

Apply with Personal Loans Now for a short term loan from a panel of responsible lenders

Apply now for a short term loan
from PLNOW, a responsible direct lender

Apply with Personal Loans Now for a short term loan from a panel of responsible lenders


What are no credit check loans?

Before we discuss no credit check loans, let’s first clarify what a credit check is, and why lenders do them.


What is a credit check?

A credit check is where lenders ‘check’ your ‘credit’ history. They are looking for signs that you are struggling, such as being behind on utility bills or having taken out several short term loans over the past few months.

Why do lenders perform credit checks?

Every authorised lender is obligated by the FCA to examine your credit file. Responsible lenders will look carefully for signs of financial instability, and will decline an application if they think the loan will worsen the applicant’s financial situation.


So what are short term loans with no credit check? Lenders offering these claim that they will not look at your credit file when making a loan decision. Instead, they base it on other factors such as your income and expenses. Remember, it is against the FCA’s regulations to approve a loan without checking an applicant’s credit file, so loans with no credit check in the UK is an unauthorised product.


Should you search for short term loans UK with no credit checks?


Based on what we’ve just learned, there are two statements we can make about short term lenders who claim to offer no credit check loans:


  1. They are either lying or not operating within the FCA’s regulations which were designed for your safety.
  2. They don’t care about lending responsibly, and don’t mind making your financial situation worse.

Does this sound like the type of lender you want to entrust with your personal details?


why short term loans with no credit check are a bad idea, explained by Personal Loans Now

Let’s take this a step further.


Why would anyone want a short term no credit check loan?


  • I have bad credit. It is possible to find short term lenders who specialise in lending to people with bad credit. Personal Loans Now is a lender who specialises in lending to people with poor credit and at the same time we act as a broker. If we can’t fund you the loan ourselves, we will work with specialist bad credit lenders. Having a bad credit report is no excuse for wanting to avoid credit checks.

  • Credit checks leave marks on my files. This is true, and having many credit checks close together is a warning sign to some lenders. The solution is to check the lender’s criteria carefully before applying, and space out loan applications.

  • I keep getting declined. If every application is declined, it can be frustrating. However, it’s important to take this as a wake-up call. If you do receive a loan, it will probably just make your financial situation worse and bring on debt problems. Take a good look at your finances and see what you can do to avoid borrowing. Can you earn more, spend less, or both?

  • I need the money fast, I don’t have time for a credit check! Is one hour fast enough for you? Many lenders nowadays have streamlined the loan application process to mere minutes, and often fund on the same day. The credit check is unlikely to slow down your application by more than a few minutes.

Apply with Personal Loans Now for a short term loan from a panel of responsible lenders

Apply now for a short term loan
from PLNOW, a responsible direct lender

Apply now for a short term loan
from PLNOW, a responsible direct lender

Apply with Personal Loans Now for a short term loan from a panel of responsible lenders

Apply now for a short term loan
from PLNOW, a responsible direct lender

Apply with Personal Loans Now for a short term loan from a panel of responsible lenders


Short term loans with no credit check

In conclusion, we can safely say that you should steer clear of any lender claiming to offer the best loans with no credit check. Personal Loans Now will use advanced technology to perform all credit checks. If we can’t fund the short term loan ourselves we will only work with FCA-authorised lenders who will check your credit history and affordability before deciding whether to approve your loan application.

Interested in learning more about our short term loan alternatives? Simply select one of the following options, or Apply Now for a loan you know you can rely on.




Written by: Fiona McCampbell
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