Help finding no credit check loans and unsecured lenders

When you need money fast for an urgent bill, like a car repair, a vets expense or a medical bill, your approach to borrowing may have to change.

For people with bad credit history, who do not have credit cards, or limit on their credit cards, you may have no option to research no credit check loans.

You will see people offering no credit check loans in the back of the local paper or Loot free ads. When you have adverse credit history lenders will look at you like you are very high risk. Short term loans for people with bad credit with instant approval do exist, but many lie when they say no credit check.

A lender always needs proof of who you are and where you live. Its common for a lender to do a credit check or status check on you to make sure you live where you say you do. No credit check loans do not really exist, but lenders that are willing to loan to people at very high rates do.
Payday loans can have effective interest rates in excess of 2000 percent APR in the case of uncle buck which charge you £30 for every £100 you borrow. You must use this type of finance only as a last resort and go to friends and family first.

Since the credit crunch, unsecured finance and high loan to value home loans are far less common as banks are wanting to get money back in and not lend it out as freely.

{ 14 comments… read them below or add one }

Harry Ellis April 12, 2011 at 2:05 pm

Its really quite something when these sub prime lenders charge you £ 30 for every £ 100 you borrow. Desperate people = mugs. Log book loans, door step loans, it’s all parasitic if you ask me, preying on the poor of society. Help finding no credit check loans and unsecured lenders? No thanks I will leave the pleasure to some other mug.

Dawn Peters April 18, 2011 at 1:07 pm

Does anyone know who the best payday lender would be for my requirements? I need to borrow £800 over 3 weeks until I get my next salary. Thanks Dawn.

Susan Stoker April 26, 2011 at 11:35 am

Is there some kind of list available online which gives all the no credit check lenders? I’ve been on money supermarket and moneysaving expert but they don’t seem to cover the bad credit sector.
Any ideas? It would be great to here from someone who suffers like myself from a bad credit score. It’s almost like a cancer to admit that you are an undesirable borrower. All my friends and family would be ashamed of me if they knew about my true bad debt situation.
All the best Sue, Southampton

Daryll Sutter July 2, 2011 at 1:05 pm

Unsecured lenders=payday,Doorstep and logbook loan people for me. They are parasitic people who prey on those that are poor and not well off.

Max Smith July 18, 2011 at 8:32 am

I need help finding a no credit check loan. I got a CCJ against my name last year and just cannot get any funding for love or money. Can anyone help?

Dusty September 6, 2011 at 10:05 am

Max, try one of the online comparison sites like moneysupermarket or money savings expert. They are personal finance sites but what people don’t realise is that they also have information that applies to people with bad credit and therefore need no credit check loans.

DarrenJ September 12, 2011 at 3:48 pm

I think you have to cut through all the crap and if you really must take out a no credit check loan use one of the big online lenders like Quickquid.

The annual rate of interest if compounded may well work out at 2000% but that is not our concern it is afigure that is used by scaremongers who compound a 2 week fee over and over again to get to an annualized amount.

The typical fee charged by a payday loan company is 30% of the amount borrowed over a 2 week period. If you are desperate for funds have no where else to turn and can remain disciplined by making the repayments on time then why should you not consider a payday loan. Again as long as you sticl with one of th reputable lenders you will not get scammed and the loan may werll help you out of a difficult situation.

Jules September 27, 2011 at 9:41 am

I have a bad credit score but don’t want to get ripped off with a dodgy no credit check lender. Can anyone recommend a reputable loan provider. Thanks Jules

LarryT October 4, 2011 at 10:31 am

What is a no credit check loan? How doesit differ from a status check loan?

Will Johnson October 24, 2011 at 9:51 am

Larry a no credit check loan means a loan provider does not use a credit reference agency to approve a loan whereas a status check loan does

Peter November 7, 2011 at 12:39 pm

Unsecured lenders proliferate now online. It is just amazing the choice that you have regarding finding loan providers. What was previously the reserve of the high street, now it is possible to get a no credit check loan from the comfort of your own sitting room.

DarrenR November 22, 2011 at 2:05 pm

I just find it is such a minefiled out there when it comes to no credit check loans and lenders. I mean who are the good ones, who arte the bad ones? How do you sort the wheat from the chaffe.

Tim December 13, 2011 at 5:31 pm

It is getting increasingly hard to get any type of loan these days irrespective of whether it is a standard loan offered by a bank or a loan offered by a payday lender. The problem is a little thing called the recession and people need to start realizing that a shortage of money available to lend to the consumer is here to stay.

Peter J January 24, 2012 at 10:22 am

I don’t think people really need help finding no credit check loan lenders. If you include lenders like payday lenders in this category then you can hardly fail to find them. They are always advertising im newspapers and on daytime television.