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Apply To Borrow from $100 to $25,000*

  • Apply For $ 50 - $ 1,000
  • Fast Payout
  • No Fees
  • Secure Application
  • Available 24/7
  • Bad Credit
  • PERSONAL Loans
  • SHORT TERM Loans
Representative example: $500 borrowed for 5 months. Total amount repayable is $999.85 in 5 monthly instalments of $198.37. interest charged is $491.85, Interest rate 236.1% pa (variable). Representative 481.6% APR.

Will My Payday Loan Affect My Credit?

Payday loans are known to have very high interest rates, but this never stopped people from obtaining this type of loan to remedy emergency cash shortages. Short-term loans such as payday loans from online lenders can be handy during emergencies because they are easy to get. But the question is, will your payday loan hurt your credit rating. 

The answer is: it depends on how you handle your payday loan repayments.

Since payday loans are short-term loans, it means you have to repay the entire debt by your next payday. Failing to do so will extend your loan which means higher interest rates and fees will be imposed. Payday loans must be taken only when necessary because if you are not able to pay on time, your debt will get bloated which means you will have difficulty paying it back.

Non-payment of a payday loan is guaranteed to hurt your credit rating. The lender will find ways to recoup the money, so aside from legal actions, the lender will also report the non-payment of the loan to the credit bureau.

If you think you will not be able to make the necessary payment in time, speak with your loan provider so that a payment plan can be worked out for you. You may want to consider taking another type of loan with longer terms if a payday loan does not suit your circumstances. Taking out a loan is always serious responsibility and you must be ready to handle your obligations to avoid lowering or damaging your credit rating.

How To Apply for No Credit Check Loans

The financial status of many people nowadays is that they have a low income, weak credit, and little to no savings. So when an emergency happens-like an unexpected medical situation or auto-repairs, your options are limited. And in that case, a loan might be necessary. But with having weak credit, your options are limited, and how do you make it so you don’t mess your credit up even more?

But what if you don’t even a credit? What does having no credit mean? Every person has a credit score. The most common scoring system used is the FICO system which rates as following

  • 750 to 850 (Excellent)

  • 660 to 749 (Good)

  • 620 to 659 (Fair)

  • 350 to 619 (Poor)

Having no credit score usually means that you never established a credit history. This makes Lenders have a hard time gauging the risk in lending you money.

How can someone have no credit? If that someone has never borrowed money from a bank or a union, never had a credit card or never had any utility bills, they’re basically off the credit grid. There are no problems with this other than when in times of emergencies and you need to get a loan, things might get complicated.

Why does checking credit important? A lot of information about the borrower can be taken from credit score alone. From how often the borrower applies for a loan to how like he/she will pay on time. Many lenders conduct this thing called a “hard credit inquiry” to determine how risky it is to lend money to the borrower.

But be wary, when you get hard checked, your credit score takes a hit, and if you’ve been hit by a hard inquiry after another, that usually means that you are desperate for money and it may look like you’re mismanaging the money by the lender's eyes.

So what are your options when getting a loan with no credit?

There is a thing called No Credit Check Loans. But be very careful, when a lender offers you a no credit check loan, it usually means it has pretty high-interest rates and short term amounts. Most lenders who offer this kind of loans are predatory lenders. Their goal is to trap you into a cycle of debt, in which they keep offering you to extend the loan causing you to keep on paying and paying and paying the fees without reducing the principal loan.

How To Apply for No Credit Check Loans

The financial status of many people nowadays is that they have a low income, weak credit, and little to no savings. So when an emergency happens-like an unexpected medical situation or auto-repairs, your options are limited. And in that case, a loan might be necessary. But with having weak credit, your options are limited, and how do you make it so you don’t mess your credit up even more?

But what if you don’t even a credit? What does having no credit mean? Every person has a credit score. The most common scoring system used is the FICO system which rates as following

  • 750 to 850 (Excellent)

  • 660 to 749 (Good)

  • 620 to 659 (Fair)

  • 350 to 619 (Poor)

Having no credit score usually means that you never established a credit history. This makes Lenders have a hard time gauging the risk in lending you money.

How can someone have no credit? If that someone has never borrowed money from a bank or a union, never had a credit card or never had any utility bills, they’re basically off the credit grid. There are no problems with this other than when in times of emergencies and you need to get a loan, things might get complicated.

Why does checking credit important? A lot of information about the borrower can be taken from credit score alone. From how often the borrower applies for a loan to how like he/she will pay on time. Many lenders conduct this thing called a “hard credit inquiry” to determine how risky it is to lend money to the borrower.

But be wary, when you get hard checked, your credit score takes a hit, and if you’ve been hit by a hard inquiry after another, that usually means that you are desperate for money and it may look like you’re mismanaging the money by the lender's eyes.

So what are your options when getting a loan with no credit?

There is a thing called No Credit Check Loans. But be very careful, when a lender offers you a no credit check loan, it usually means it has pretty high-interest rates and short term amounts. Most lenders who offer this kind of loans are predatory lenders. Their goal is to trap you into a cycle of debt, in which they keep offering you to extend the loan causing you to keep on paying and paying and paying the fees without reducing the principal loan.

What Product Can

You Help Me With?

Whether you're looking to buy a car or you just need a small cash assistance fund to get on your day, we have everything in store for you. Reach out to us to know more about your options.

What Happens If

I Miss Payments?

Missing a payment may happen sometimes. We understand. Lenders can be lenient for one or two months. However, it is not recommended that you delay your payments. It can severely affect your credit and prevent better credit opportunities in the future.

Payment Method?

The payment is sent immediately to your checking account upon approval. So there’s no need for you to visit banks to get the money that you have requested. It will be deposited to your account within minutes after being approved.