You ought to be extremely cautious about accepting that loan that is granted with no credit check. Lenders should be authorised to supply you credit, plus they are needed to conduct some kind of credit check before they lend you cash. This can be to determine you will be in a position to spend the loan back, and therefore you’re not accepting more financial obligation than you can easily handle.

Firms that lend to clients needs to be authorised and regulated by the money watchdog, the Financial Conduct Authority (FCA). If a company provides you with that loan without having to be authorised, and will not carry out a credit check, you then should find different ways to borrow cash, since they are probably be a loan shark and could be running illegally.Continue reading