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Apply Today, Even if Your Credit is Less Than Perfect

How much do you need?

Pounds to Pocket is rated 4.2 stars by Reviews.co.uk based on 309 reviews

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £750 for 11 months at £129.08 per month. Total repayment of £1,419.93. Interest: £669.93. Interest rate: 140% pa (fixed). 277.8% APR Representative.

Are payday loans with no credit check available?

In short, not with Pounds to Pocket. Pounds to Pocket requires credit checks for all the loans we offer.

At Pounds to Pocket, we're focused on taking care of our customers, which means we must lend responsibly. Every Pounds to Pocket customer is given the best customer care, in addition to a personalised loan, if approved.

We understand how hard it can be to maintain a strong credit score with looming debt, and that's why we evaluate every customer on an individual basis, working hard to responsibly provide short term personal loans to those who need them the most.

What is a credit check and who performs it?

A credit check is the process of pulling an individual's credit history from one of the credit bureaus. A credit check allows an individual, lender or corporation to see whether you have been responsible with credit in the past. This in turn enables them to judge whether you are likely to be responsible with credit in the future.

A credit check can be performed by anyone who is interested in your credit history. While banks and other lenders often perform credit checks when you apply for a loan, a future landlord or utility provider might also want to do a credit check to determine whether you are likely to make timely payments. Additionally, many employers have started to run credit checks to help them evaluate whether you will be a responsible employee.

How does the credit agency know my credit history?

Most of the institutions that check your credit also report your credit behaviour to the credit-reporting agencies. For example, if you take out an auto loan, your lender will let the credit-reporting agency know when you took out the loan, how much is currently due and whether you are making your payments in a timely manner. When you consistently pay bills on time, this is reflected in your credit history and anyone who does a credit check on you will see good things. Conversely, missed or late payments will also appear on your credit history and could reflect poorly on you, reducing the likelihood of approval when you apply for new credit.

What is a no credit loan?

So how does someone with no credit history or bad credit history go about getting a loan? He or she can go to a lender that makes no credit loans. Certain lenders are willing to take on more risk than others. This means that they may be willing to lend to people even though they don’t have a credit history. Getting a no credit loan can be very helpful to people because it may allow them to start building a credit history if they borrow responsibly and make payments on time. Once someone has built good credit history, getting credit becomes easier and terms are likely to be more favourable.

Where can I get a no credit loan?

It is typically difficult to obtain a no credit loan from a traditional bank or credit union. However, they may be willing to work with you if you hold some assets with them already in a checking or savings account. Otherwise, certain lenders, including online or subprime lenders, may accept applications from persons with no credit history and make decisions based on other factors such as monthly income and expenses. Typically, these loans come with higher interest rates than one would receive from a traditional bank or credit union.

Apply for Pounds to Pocket's personal loans online

Short term loans are a loan option utilised by millions of consumers every year to get themselves out of financial trouble brought on by unexpected expenses. At Pounds to Pocket, we offer personal loans built to your unique circumstances, and if approved, will fund within 10 minutes after approval.§