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Can I get a loan without a credit check?

Can I get a loan without a credit check?

It’s sometimes easy to fall behind on your bills, particularly as the price of everything seems to go up all the time. Even worse is when you find yourself with an unexpected bill that must be paid straight away through no fault of your own. Sometimes, we don’t have the luxury of relying on friends and family or waiting until payday to cover emergency financial situations. A quick and simple cash loan might be just the thing you need!

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What is a cash loan?

A cash loan is a form of short term borrowing designed to help people cover unexpected expenses quickly. Cash loans are usually for small sums of up to around 1000 pounds and need to be paid back usually within a few months to a year.

We know it can be inconvenient and time-consuming applying with a high street lender. The thing is they sometimes don’t even offer small sums of money over somewhat short periods. This is why a quick loan from an online broker like Little Loans may be a viable and affordable solution if you do need cash quickly.

How do cash loans work?

Cash loans work like many others short term forms of lending – you apply for the loan, your affordability to borrow is assessed, along with your credit file and then you’re given a decision on whether your application is approved or declined. If approved, the lender will send cash straight to your bank account within minutes*.

Can I apply online?

Yes, you certainly can get a cash loan online, subject to status and approval. We are a Financial Conduct Authority (FCA) authorised and regulated loan broker in the UK and we have a panel of lenders specialising in lending to people with less than perfect credit history.

In short – no, you cannot get a cash loan without a credit check. All authorised and regulated lenders in the UK are required by the FCA to thoroughly assess your affordability before lending you any money. A full credit check is part of that requirement and no legally operating lender in the UK can lend money without a full credit check.

The good news is that you can assess your loan eligibility with us without the need of a credit check. You can start by filling out our QuickCheck loan eligibility checker and straight away we’ll let you know your chances of being accepted by one of our trusted direct lenders.

Can I get approved with bad credit?

Yes, you may be able to get a loan even with bad credit, subject to status and affordability. We believe that you shouldn’t be punished too hard for past financial mistakes so we partnered with lenders willing to work with borrowers with poor or bad credit histories.

With Little Loans‘ panel of lenders, your eligibility is not judged solely on your credit score (although that is still important). Our lending partners also look at a number of other factors when making a decision on whether or not to approve your loan application, including:

  • whether you’re on the electoral register,
  • your employment status,
  • your level of income, and expenditure
  • your residential status.

At Little Loans, our streamlined system is designed to ensure that we only approach lenders most likely to approve your application. Our aim is to find you a trustworthy lender able to offer you a competitive and fast short-term loan with affordable repayment terms.

So, even if you have a poor credit history, we may be able to help you find a lender willing to accept your short-term cash loan application.

Do I need a guarantor?

In short – no, you don’t need a guarantor to apply for a loan with Little Loans. As mentioned above, we have a panel of lenders willing to look beyond what’s in your credit file when assessing your application. We might be able to find you a lender willing to approve your application even if you have bad credit, without the need of a guarantor. However, depending on your individual circumstances our system may determine a guarantor lender to be better suited to your circumstances. You are under no obligation to accept the quote we present you with if you are not happy with the outcome.

What can I use the money for?

There are no limits on what you can use your cash loan for. People borrow money for many different reasons as they have different financial needs. When used responsibly and repaid in full and on time, cash loans can be very useful in times of need or to cover an unexpected emergency expense.

How soon will I receive the money?

If your application is approved the money can be sent directly to your bank in minutes*. The actual time you receive the money might vary depending on your bank’s policies, procedures and the time it takes to process incoming payments.

I’m in financial trouble – can you help?

In the UK, there are six established debt charities who offer free advice, support, and guidance to borrowers who may be concerned about their current financial situation. Please see the following websites for more information:

  • payplan
  • .