If you are looking for a no credit check payday loan, then you may be wondering how you apply for them. They are different to traditional loans. With many loans you will just go into the branch of a bank or building society and then see what they can offer you. They will probably give you an application form to fill in and then you will have to post it off and wait and see. With payday lenders they do not normally have a branch and so the application is different.

Online Application

Many payday lenders will ask for online applications. This means that the application is all done online. This is done through a number of online forms on their website. It is a very straightforward and step by step approach which will make applying easy. You will not even need to find a pen! The lenders will ask a minimum amount of questions too, as they want to make it simple and quick for you.

Telephone Application

Some lenders will also offer a telephone application option. This will allow you to be able to apply without even typing anything. This can be especially useful if you really dislike filling in forms or do not like using a computer for things like this. It could even be good if you do not have a computer.

It is worth also knowing a bit about what happens after you apply as well. When you apply for any loan a credit check takes place. This means that the lender will look at your credit report. Normally a lender will look and see what risk they are taking on. They will take a look at your borrowing history, whether you are capable of making regular repayments and your income to decide whether they are happy to lend you money. However, with a payday loan they will not look at these things. They will not check to see whether you are capable of repaying the loan. They will just lend a relatively small amount, especially to first time borrowers. You may just be able to get a few hundred pounds or if you have borrowed from them before you may able to borrow up to £1,000.

The lender will then check a few other details before deciding whether to approve your application. There are very few criteria to look at though so this will not take long. They will need to make sure that you are over the age of 18 and check you proof of address to make sure that you are a UK resident. They will also check your bank details to make sure that you have a bank account and they will look to see if you have a regular income. Most people will fulfil these requirements and they will then offer you a loan.

They will let you know how much they are prepared to lend you at this stage and you will be able to decide whether you still want the loan and whether you want to borrow as much as they are offering you or less. Then you will be able to let them know how much you want and they will send you the money. They will send out the money really quickly and you may have it within a few hours of your original application.

So, you can see that the application is really easy. This means that it is a good loan to consider if you do not like using complicated application forms for these loans. It can also speed up the whole application process. Sometimes we might procrastinate filling in an application because the idea of actually writing down all of that information is really daunting. Therefore, being able to do this online and type it or do it over the telephone can be a lot easier.

Of course, you will need to find the lenders website and choose which lender to go with. This can actually be trickier. You want to make sure that you find a lender that will suit you and your needs and provide you with good value for money. This means that you will need to be comparing the lenders to find the best one. This means that you need to think about what you want from a lender and then you will be able to match one up with your requirements. You should be able to find plenty of lenders if you go into a search engine and you should be able to find out from their websites what they are offering. Most will have a calculator where you will be able to work out how much you will have to pay for the loan and you will be able to compare them on price. Then you can look at what the lender is like and other terms and conditions of the loan to help you to decide which will be the best.

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