When searching for a payday loan or a short-term loan you have most likely seen companies advertising a no credit check payday loan. In the United Kingdom, there is no such thing as a no credit check short-term loan or payday loan as UK financial regulations demand that at the very least, a basic credit check is performed on every applicant. Think of a no credit check payday loan as being an elusive unicorn wandering through a forest made of gold and diamonds, it just does not exist.
There are various lenders on the market who advertised no credit check payday loans knowing full well that this is misleading to say the least. In fact, you should be very wary of any provider offering this kind of service as they are not being honest with you from the start. With clever marketing strategies, wording and playing on people's difficult situations, they create the illusion of a payday loan without the need of a credit check in the hope of drawing you in. If you see a no credit check payday loan being offered by any broker or lender, the best thing that you can do is move on and avoid visiting their site.
It can be a difficult process trying to find a reputable and reliable lender, which is where the services provided by Flex repay UK can help remove all of the confusion. When you are faced page after page of financial and legal jargon, trying to work out the best provider for your needs can be a real challenge. If you are looking for a payday loan from a regulated lender, then you should definitely consider using Flex Repay UK. All it takes is a quick online application, which is then presented to a panel of short-term loan and payday loan providers and brokers.
As the lender pays a commission to flex repay UK, you will never have to pay a penny up front. Why would any lender expect you to pay a fee upfront to be able to take out a short-term loan? After all, you are searching for a loan because you are short of money, so if any lender requests an upfront payment, you should remove them from your list of considerations. The payday loan and short-term loan markets are heavily regulated, but this has not stopped some unscrupulous lenders and brokers from using smoke and mirrors to tempt you to use their services.
Any reputable payday loan or short-term loan lender will be clear and transparent about everything from the very beginning. You should always read the terms and conditions of any loan that you take out and make sure that you understand what your obligations are. If you have bad credit and are worried about being refused a short-term loan because of it, then you should know that your ability to repay the loan is what counts the most. Forget all of those companies offering a no credit check loan, because, in all reality, they do not exist.