Same Day Loans No Credit Check *

Get between £50 - £5,000 paid out by

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  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • Representative Example: Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable). *HappyPenguin will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

    Can I really get a loan with no credit check?

    Have you struggled with your finances in the past?

    Maybe you had a tough week, where one thing seemed to go wrong right after another, leaving you with endless expenses and bills to deal with. Perhaps those issues meant that you had to default on a payment or fail to keep up with your loans.

    All it takes is a couple of mistakes or a few bad weeks and your credit history can end up in serious jeopardy.

    Unfortunately, a bad credit rating means that it’s extremely difficult to get the financial support that you need when you need it most.

    For instance, if you have to pay for urgent vet bills, or you need the cash to fix a broken-down car and get yourself back to work, you might struggle to get a standard same day loan.

    It’s no wonder that people in the UK find themselves searching for same day loans no credit check.

    What is a Credit Check and Why Does it Matter?

    A credit check is the process of gathering information about an individual’s credit and spending history from a database. There are three credit bureaus in the UK that collect all of the information about every piece of credit that you’ve ever used. If you’ve ever taken out a credit card with a bank or applied for a loan, then the credit bureaus know about it.

    Ultimately, your credit history an insight into how responsible you’ve been with your money in the past. It lets banks and building societies know if you’ve ever failed to pay back a loan in the past – which can help them to decide whether they want to give you cash advances in the future. Some employers even run credit checks to find out more about the kind of person that they’re hiring. After all, if you’re responsible with your money, you’re likely to be a more trustworthy and dependable person.

    Unfortunately, while it takes a lot of time and effort to build a good credit rating, it doesn’t take much at all to bring your score crashing down. The truth is that anyone can make a mistake and miss a payment or send money to a company late. Those simple errors can quickly lose you a lot of crucial points on your credit rating, making it harder for you to access cash and other opportunities in the future.

    If a provider sees that you don’t have a good credit rating, they might decide to give you a higher interest rate on your next loan. Some companies will even refuse to give cash advances to people with low credit scores altogether.

    If you need money quickly – which is often the case with a same day loan, it would make sense that you’d want to hide your credit history from a provider. Same day loans with no credit check would mean that you could request money based on your situation right now, rather than showing all of your past discretions to the people you want to borrow from.

    Unfortunately, in the UK, there’s no such thing no credit check when it comes to taking out a loan. While there are plenty of providers out there that are willing to take more risks than others when they’re giving money to consumers, no trustworthy company should be able to give you a loan without looking at your credit history.

    Why are Same Day Loans with No Credit Check Not Available in the UK?

    At first, the idea of a company that can give you money without checking your credit history might seem amazing. After all, you’d be far more likely to get the cash you need if your credit score didn’t come into the equation. However, think about the kind of lender that you’d be dealing with.

    If a business gives you a loan without any credit check, they’re telling you that they don’t care what level of risk you’re taking when you access that money. They don’t know if you can afford the loan that you’re taking out, and they don’t mind if you’re getting yourself into more financial hardship. That’s the main reason why the FCA – or Financial Conduct Authority, always requires any loan provider to check the credit of their lenders before giving them a loan.

    Authorised lenders can’t give you a loan with no credit check, because they need to determine how capable you are of paying back the money that you borrow. The FCA has implemented these rules to protect you from making any dangerous decisions with your money and your future.

    Does Bad Credit Mean You Can’t Get a Same Day Loan?

    The good news is that just because you can’t get same day loans with no credit check, doesn’t mean that you won’t be able to get a guaranteed payday loan at all. Instead, you’ll just need to make sure that you’re applying with the right provider.

    As mentioned above, there are some lenders out there that will take your credit history less seriously when deciding whether you should be given the cash advance that you’re asking for. These providers will still check your credit report. However, instead of using historical information to determine whether you’re applicable for a loan, they’ll combine what they know about your past with your affordability right now.

    Poor credit is a common problem for customers throughout the United Kingdom. A bad credit provider understands that your history doesn’t dictate your future. They won’t ignore your credit rating, but they won’t let it stop you from getting the same-day loans that you need either.

    Getting an Alternative to Same Day Loans No Credit Check

    Ultimately, when you’re looking to get your hands on some credit as quickly as possible, your main focus shouldn’t be on trying to hide your credit from your providers. Instead, you should be searching for a company that understands your background and is still willing to give you a second chance. These providers won’t ignore the risk that you’re taking when you get a new loan. They’ll ask you to complete an affordability assessment so that they can ensure you’re not putting yourself in danger when you borrow additional money.

    Bad credit same day loan providers also give you all the benefits you would expect from a typical same day loan company. This means that you’ll be able to enjoy faster application processes, and quick approval when you need money quickly. Just like with any same day loan company, these organisations understand that you need to be able to pay for something fast. That means that you should be able to get the money you ask for into your bank account within 24 hours or less.

    When you choose an alternative, remember that there are many different bad credit loan providers out there. That means that you don’t need to stick with the first person that you find online. Just like with any other kind of loan, you can compare your options to make sure that you’re getting the best terms, interest rates and more.

    Comparing your options with bad credit same day loan providers can also ensure that you get access to the cash advance experience that’s right for you. Remember that some providers in the same day loan space will only be able to give you a very small amount of money if you need to borrow more than the average £500 you might need to look around.

    There are plenty of people around the UK today who think that the only way to access the money they need fast is with instant payday loans. However, even if you were able to find a provider who could promise you that they wouldn’t check your credit history, you’d be putting yourself and your finances in danger.

    Rather than trying to hide your credit score, look for a provider in your area who can give you the money that you need and understand your situation. Rather than harming your financial situation, a bad credit payday loan provider will assess your circumstances carefully, and only offer you the money that you need when they know you can afford it.

    With your carefully-chosen same day loan, you can even begin to build your credit rating back up to better standards. As soon as you begin showing the credit agencies that you can pay the money that you borrow back on time, your credit history will start to improve.

    Remember, any company that promises you same day loans with no credit check can’t be trusted according to the FCA. Make sure that you’re protecting yourself by comparing bad credit same day loans instead. You’ll get all the benefits that you need from your same day cash advance, without the unnecessary risk.