No Credit Check Loans

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If you’ve struggled with debt or have a poor credit history, you might want to look for a no credit check loan. Do no credit check loans exist? Unfortunately not.

  • Simple, easy application
  • We search lenders to get you the best deal
  • 5-star customer service
  • No impact on your credit score
  • No upfront fees or hidden charges
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Are you a homeowner or a tenant?

Discover whether you could borrow money without a credit check

If you’ve struggled with debt or have a poor credit history, you might want to look for a no credit check loan. Do no credit check loans exist? Unfortunately not.

All lenders will do some form of credit check to validate your identity and financial history, but that doesn’t mean you can’t find the right borrowing solution for your needs.

At Believe Loans, we work with clients from all backgrounds, including those with low credit scores. Our team of brokers can help you borrow money, regardless of your circumstances, even if mainstream lenders have turned you down.

Why do lenders use credit reference agencies before offering applicants a loan?

If you’ve ever applied for a loan before, you’ll know that your lender will often send each application off to one of the UK’s credit reference agencies. They include Equifax, TransUnion and Experian.

This is because lenders want to evaluate whether you’re a viable candidate for the loan. As they’re giving you money, they also want to know that you’ll pay it back within the agreed timeframe.

For many people, credit checks are worrying – but the lender will look at your previous borrowing, whether you pay back credit cards on time and other criteria (they won’t look at how much you order on Uber Eats!)

People with an excellent credit rating will be able to borrow more money and look forward to lower interest rates – while those with low credit scores might be denied.

There are also different types of credit checks, which could make the application process more difficult.

Soft credit check

Soft checks usually occur when you use comparison sites or check your eligibility for a credit card. They look at whether you’re eligible for a certain amount or interest rate and have no impact on your score.

Hard credit check

Hard credit checks are more intense as they go through your credit history and check how much you’ve borrowed and if you’ve defaulted on any repayments. If you have several credit checks in a short time, it could have a negative impact on your report.

Most lenders won’t give you a loan unless you pass the hard credit check, but it depends on the eligibility criteria they have in place.

Poor credit history doesn’t necessarily mean you won’t get a loan

Undoubtedly, your credit score will impact the loans you can get, but a poor rating doesn’t necessarily mean you can’t borrow any money. However, your options might be limited, and mainstream lenders could turn you down.

Luckily, there are plenty of loan providers offering borrowing solutions for people with bad credit – but it’s essential to understand that some loans will come with excessive interest rates.

Payday loans

A payday loan can be tempting if you’re worried about a credit and affordability check, but these loans can cause more harm than good. As a short-term borrowing solution, you’re meant to repay them quickly and could struggle with high-interest rates.

Many people get themselves in trouble with payday loans, and while they are regulated, you could still find yourself in extreme financial difficulty.

The best alternatives to a no credit check loan

So, if no credit check loans don’t exist, are there other alternatives? You won’t find any lender who won’t want to check your credit report, but some loans are tailored towards individuals without a good or excellent score.

Secured loans

Secured loans are highly popular and for a good reason. While you’ll have to go through some credit and affordability checks, a low score won’t necessarily halt your application.

These loans are only for property owners, as you’ll offer the property as collateral to the lender. Because they have more security, you can borrow money without relying too much on the credit check.

However, despite their benefits, it’s important to remember that secured loans are still a risk. Here’s what you need to know about them.

You can only borrow against your equity

If your property is worth £300,000, but your mortgage equates to £250,000, you’ll have £50,000 in equity – as that’s the amount you actually own. You could borrow around £40,000, but some lenders offer higher LTV (loan-to-value rates).

Defaulting on repayments could cause huge problems

While secured borrowing offers many benefits over unsecured loans, there can still be some issues that occur. For example, if you fail to keep up with your repayments, your lender could repossess your property.

Secured loans are a long-term commitment

Another thing to remember is that secured loans allow you to borrow more money and pay it back over an extended period. This means you could be locked into the repayments for a few years, which is fine if you’re willing to budget for them each month.

Guarantor loans

Another popular option is to take out a guarantor loan. These loans don’t require a perfect credit score because a family member or friend can sign the agreement and take responsibility if you default.

For some people, this option is best – but it depends on whether you can find someone willing to take responsibility for the loan.

Borrowing money can always cause tension in relationships, so it’s important to consider whether you’re going to commit to the repayments.

Also, guarantor loans can have high-interest rates, as they protect the lender should you default.

Got a bad credit history? Speak to Believe Money

At Believe Money, we help people like you find a loan that suits their circumstances. As a broker, we have access to various providers, including short-term loans and long-term borrowing solutions.

Working with us allows you to improve your financial future without worrying about filling in countless applications.

Here’s how we can help you.

We partner with specialist lenders

If traditional lenders have turned you down, you might feel no options are available. Luckily, specialist lenders will judge your case individually rather than see how many boxes you tick.

We only work with regulated lenders and can help you find a loan that suits your needs.

Support through the loan application

Our brokers will support you through the application from your first consultation onward. We’ll liaise with the provider and inform you whether your county court judgements or outstanding credit card debts are causing problems.

Zero upfront fees

You’re probably having some money problems if you’re seeking a loan, so we’re not going to charge you upfront for our services. Instead, we’ll add our broker fees to your loan amount, so you won’t have to worry about unexpected charges.

Get a free consultation today

Applying for a loan through us couldn’t be easier. If you’d like to discuss your eligibility, please don’t hesitate to contact us and arrange a free consultation. We’ll learn more about your credit history and answer any questions you have.

Whether you’re borrowing money for a short period or a longer term, we’ll be able to help you.

About Company

With Believe Money, bad credit isn’t an obstacle to accessing affordable finance and loan options. As a finance broker we have access to hundreds of finance providers and exclusive deals to get you the best option for your circumstances. Even if you have defaults, CCJs and bankruptcy on your credit file, our advisors work hard to get you the finance you need.

We specialise in bad credit finance including secured loans for bad credit, bad credit debt consolidation and loans to build credit. So if you’re concerned about your credit rating and your ability to borrow money, get in touch or give us a call on 01302 591 360 for free, helpful advice.

Why Use Believe Money?

Believe Money is an award-winning finance broker dedicated to offering the best range of affordable loan options. Whatever your circumstances or credit rating, we’re committed to getting you the best secured loan interest rates by searching our entire panel of secured loan providers.

Whatever you need a secured loan for, we’re here to help. Our specialist advisors are available Monday to Friday, so if you need any help please contact us online or give us a call on 01302 591 360.

How It works

Step 1.

Simple, easy application

Step 2.

We search our panel of lenders to find the deal that’s right for you

Step 3.

When you confirm your chosen deal, we get your application moving

Step 4.

The money lands in your bank
account – usually within two weeks

We compare loans from our panel of the UK’s top lenders to get you the best deal.


Contact Us

Mon – Thursday 9am – 7:30pm

Friday 9am – 3pm

Call from a mobile or Landline:

01302 591 360