Financial emergencies are always uncalled.. No one plan for the broken finances and different people ruin their score in different ways. However, a streak of human psychology functions alike for those suffering with relentless cash shortages and one begins to plan for payday loans no credit check whatsoever and save the score as much as possible!
To find no credit check payday loans is neither practical nor advisable for your credit health. As per Financial Conduct Authority or FCA, which is the conduct regulator for financial firms in the UK a lender cannot offer ‘no credit check loan.’ It is illegal to offer loan without accessing a borrower’s affordability as this can be hazardous to a person’s credit health in future.
So when you look for payday loans in the UK no credit check should not be the deciding factor for drawing a loan. Instead, you should look for soft credit check loans.
Every time you apply for a loan, the lender pulls out your credit report from one of the leading credit reference agencies to access your credit health. Based on your credit score, the lender decides to accept or reject the application.
When your application is rejected, it is marked on your report, which further makes you potentially ineligible for loan by another lender as well. All the hard queries are marked on the report. The queries, which are not marked on the report are called soft queries. When you yourself pull out your report from the credit bureau, it is considered as a soft query.
With ailing credit health, it is important that you ensure that further hard queries are not made on your report. Neither you want the lender to reject your application, nor do you want to see the footprints on the report.
In both the cases, we at Loan Princess can help you.
The rate you are offered will depend on your individual circumstances.
All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.
Representative APR Example: for comparison purposes 12.9% APR Representative Fixed based on a loan of £10,000 repayable over 60 Months. Monthly payment of £223.43 total amount repayable £13,405.80.
Loan-princess.uk is a registered Trading Name of Tiger Lion Financial Limited. Tiger Lion Financial Limited
is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services
Register under reference number: 753151. Tiger Lion Financial Limited is registered in England and Wales
(Company number 10189367), Registered Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
Licenced by the Information Commissioners Office, (registration number ZA185613)
Authorisation can be checked on the Financial Service Register at www.fca.org.uk.