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Payday Loans With No Credit

Payday loans with no credit history can be a little more difficult to get approved, but you don’t need a perfect credit history or much of a credit footprint with PiggyBank.

No Credit History Loans

There’s a simple reason why some people don’t have much of a credit footprint - they haven’t used any financial services to build a credit score. Sometimes having a credit footprint can be as important as having a good credit score. Things on your credit file that leave a footprint include personal loans, credit cards or store cards, and car finance. Even Direct Debits can be on your credit file - do you pay for your mobile by Direct Debit?

People with no credit history can find it more difficult to be approved for a loan, so it can be a good idea to check your credit score and see if you have a footprint on your credit file. You can check for free through companies like Noddle.

What Loans Can You Apply For?

To get a loan with no credit history, you may need to look at short term loans first. With banks, it can be difficult to apply for a loan without any credit at all. They can’t see how you manage your money. Even if you have bad credit, you can explain what happened, and the bank can see you have taken out credit before.

PiggyBank can offer loans for people with no credit - we do perform credit checks, but there are a lot of other things we look at too. We’ll look at your current employment situation and your monthly income and expenses. We can then see if you’re eligible for a payday loan with no credit history.

How Do You Apply?

Once we have made sure we are lending responsibly, we aim to pay out all approved loans within an hour. You’ll need to choose the amount you need to borrow and the dates you can repay, and then complete our simple application form. You can borrow between 7 days and 5 months, for £100 to £1000.

If you have any questions about applying, just get in touch! We are always here to help.

Before taking out a short term loan though, it’s important to consider whether you have the option of saving, or if borrowing is the best option for you. If you think you may need further help and advice about your finances, you can contact third parties like Step Change. They can offer free impartial advice.

Apply Now!