The answer that is quick this is certainly yes. All direct loan providers are needed because of The Financial Conduct Authority to hold down a credit check on all loan requests. Consequently, no credit check pay day loans donвЂ™t exist. As a result, they are not telling you the truth, or they are not an officially-recognised lender if you see a lender offering this. Keep in mind, in the event that you submit an application for a loan, loan providers will look at your credit rating included in the application. But, in the event that you have problems with a credit that is bad, this does mean your application for the loan is going to be refused.
Into the past, a negative credit history would immediately place you at a drawback and would almost certainly guarantee your application for the loan had not been effective.