Short term loan no credit check, can I get one?
Upwards is a credit broker who is fully authorised and regulated by The Financial Conduct Authority. All companies who provide credit are required by law to complete a credit search. Short term loan providers are no different. While they are able to offer loans for bad credit, they are still required to do the mandatory searches along with all other credit providers. In short, that means there is no such thing as a short term loan with no credit check.
Some lenders will not lend to customers with a bad credit rating. We believe that just because you may have experienced some credit problems in the past, it shouldn’t mean you can’t borrow money. Working with a great panel of specialist lenders, Upwards is well placed to help you find a loan, no matter what your circumstances. Lenders will look at many areas when deciding whether or not to approve a loan application. Credit history is, of course, one of them. In addition to this lenders will look at your income and expenses to assess your ability to repay the loan. Residential and employment status’ is also taken into consideration, amongst other things.
The approximate interest for borrowing £100
Upwards is a registered trading name of Upward Finance Limited which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker, not a lender. Rates between 9.3% APR and 1294% APR – your no obligation quote and APR will be based on your personal circumstances – we compare short-term loans from over 50 lenders to get you the best APR possible for you. Loan term lengths from 3 to 36 months.
Try our No Obligation Eligibility Checker
Get your money by 7:15am
Find out your chances of being approved for a loan, without leaving a footprint on your credit file. Totally free and no obligation to apply.Eligibility Check
Do Upwards use Soft Search?
As a credit broker, Upwards does not perform a credit check. We work with a panel of lenders to find customers who need to borrow money the best short term loans for their circumstances. All of the lenders that we work with use Soft Search technology, this means that when you apply for a loan through Upwards, it does not have an impact on your credit score. A soft search acts like a background check and is used by lenders when initially assessing an application, this search cannot be seen by other lenders. It is only after you have been approved for a loan and you decide to proceed that the lender will perform a hard search. This is completed with your permission when you are ready to take out the loan. A hard search can be seen by other lenders and multiple hard searches can have an adverse impact on your credit rating.
If you are looking for bad credit short term loans and have been declined elsewhere, this soft search technology is extremely useful as it allows you to apply with the confidence that your credit score is safe from further harm.