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There are so many articles, “fact pieces” and blogs written about money matters online today that it can be hard to know which are based on fact and which ones are simply the wafflings of someone who does not know the difference between a no credit check loan and a bad credit loan. The fact is no credit check loans can cover a wide range of financial products, yet they all have a key similarity: there are no credit checks on the applicant. Therefore, a good payday loan could be classed as a no credit check loan because the lender is not interested in the credit report of the applicant. No credit checks are carried out but money is still handed over. There are some ‘low credit products’ which still involved credit checks however. For instance, there are some bad credit loans where the lender or broker still wants to know about the credit past of the applicant. The interest rate on the loan will then be calculated based on their credit record. The worse the financial background, the higher the APR! Payday loans are generally the easiest way to get cash quickly. The application process takes place online and the decision made instantly. The applicant only needs to prove that they are a full UK resident and that they have a certain amount of regular income.