Payday Loans
with Soft Credit Check Quote.

You can apply for a payday loan via Payday UK without doing any harm to your credit score. This is because initially only a soft credit check is used to gauge which payday loan lenders criteria you meet. However, no official direct lender that’s regulated by the FCA (Financial Conduct Authority) can release any funds to you without performing a full credit check. If someone is offering you an instant payday loan with no credit check, there they are either misleading you or unregistered. We would always advise applicants not to borrow money from a source that might not be genuine.

The FCA put guidelines and regulations in place to protect you, the consumer. This is partly because of the bad reputation payday loans earned when they were still in their infancy. Thankfully, the days of ridiculous APR rates, hidden fees and charges, and aggressive tactics are all behind the industry. When you use Payday UK to apply for a payday loan, you’ll know you are only dealing with reputable and responsible lenders.

Access a large panel of lenders to ensure who can help the maximum number of applicants find access to credit. While you might not be able to accept a payday loan with no credit check, you can apply without damaging your credit score. When you complete the straightforward and fast online application, we’ll check your circumstances against a panel of lenders. This happens automatically and instantly.

The best payday lender for you might be different next week to this week. That’s because the payday loan market has grown in popularity, and many lenders are competing for your business. This leads to special offers and interest rates being changed regularly. Our diverse panel of lenders means even those with bad credit are likely to have several loan offers.

The question isn’t whether you’re eligible for a payday loan, but instead, what direct lender is best suited to my circumstances. There are very few people Payday UK is unable to find a loan offer for, and our large panel of lenders, including several specialist lenders, maximises your chances of being successful.

To find out if you’re eligible, and what the best deal is for you, complete our user-friendly online form. We’ll do all the legwork, so you don’t have to, and even provide you with an instant decision.

A soft credit search, which is sometimes referred to as a smart credit search, is a way for lenders to check your eligibility without harming your credit score. In the past, when people applied for no credit check payday loans, they might be tempted to apply for the one with the lowest rate of interest or the most favourable terms. However, if the lender rejected their application, it would show up on their credit report. If you then want to approach another lender, they will see that you’ve already been denied by a different lender, reducing the likelihood of them offering you a loan. This compounds the problem because your credit file now has two recent rejections on it.

Your basic personal details will usually be required to perform a soft search — things like your name, address, date of birth, and your employment situation. When a soft search is completed with a credit agency, they provide a credit score that lenders can use to assess the likelihood you’ll be accepted for different products. This allows us to filter out the loan offers you stand very little chance of being approved for, and instead show you the best one from a lender that is the most likely to accept you.

Soft credit checks are recorded on your credit report, but lenders performing any sort of credit check on you cannot see them. It doesn’t matter how many are performed, or how frequently, they will not affect your credit score or future decisions.

No. Applying for a payday loan will not show on your credit report. However, if you accept a loan offer, a full credit check will be performed, and that will show. The beauty of performing a soft credit search during the application process is that you will already know you have an excellent chance of being accepted before accepting a loan offer. This means the most likely outcome is that a lender will perform a full credit check then release the funds to you.

If you stick to the agreed schedule of repayments, the loan will only improve your credit score. However, if you fail to make the repayments on time or default on the loan, it will harm your credit score.