Applying for Payday loans is supposed to be a hassle-free, simple and efficient process requiring only a few details and taking only a short amount of time. However, the fact is that this is not true with many lenders that provide Payday loans and that the process to secure a Payday loan is now filled with the demand for multiple irrelevant information and numerous hurdles.
As Pay Day Power UK we do not perform any credit check or require any additional financial information. We understand the needs of people who are in need of Payday loans and as such see to it the application process is done in a swift, efficient and easy manner without taking away precious time. Performing a Credit History check so as to determine the suitability for securing a Payday loan is a narrow and one-sided approach. Therefore, at Pay Day Power UK we take into account other variables instead of depending on Credit History.
While applying for No Credit Check Payday Loans with Pay Day Power UK, we do not perform any credit check history of our customers. Instead, there are some other details which we check and collect while checking a person’s suitability for a No Credit Check Payday Loan. The details which we collect are as under
- Personal Address: The first detail that is required from applicants is their personal address details. This is done so as to prevent any frauds or money laundering and to keep up with the anti-fraud and laundering regulations in the UK. If the address provided does not match with those in the bank account details, then the application will get rejected.
- Monthly Salary: The second detail that is required before while applying for a No Credit Check Payday Loans is the monthly salary details. This will give us a better understanding of an individual’s financial situation and see to it whether the person will be able to repay the loan or not.
- Employment Details: Employment details include taking a look at the employment history, employment status and other details. The purpose of looking at employment details is not to contact your employer but to see to it that you are employed and have a source of income.
There are multiple benefits of no credit check payday loans and some of them are as follows:
- The application process for no check payday loans is very fast and easy.
- The online decision process for accepting or rejecting an application is instant.
- Cash Transaction takes an average of only fifteen minutes.
- Pay Day Loan amount ranges from £50 to £2000.
- The Loan amount can be paid out over a period of three months.
- The entire process is highly secure and as such no user data or information is accessed.
Thus, at Pay Day Power we see to it that we provide individuals with Payday loans with no credit checks. We value and understand the financial needs of our customers and take pride in ensuring that payday loans are provided to deserving individuals based on criteria and information which are not in any way linked to their credit history.