Have you had your car towed away? Had your car clamped? Don't have the money to get   it back till payday? Do you need your car to get to work? No credit check payday loans are the answer! With no nasty credit checks that you might fail and that leave a footprint in your credit file for other lenders to see, unsecured payday loans are great for the times when you need money fast, without lots of paperwork and fuss.

Do you have a family pet with a vet’s bill to pay? Some vets bills can run into thousands but with a payday loan you can get your family pet back safe and well instead of having them killed by lethal injection! Getting an unsecured loan from an online lender could save you a lot of grief. Unsecured lending is often very expensive though, with high fees and interest rates. This type of short term borrowing is good for a one off but a very bad way of longer term borrowing. Even online lenders are not cheap for some circumstances.

Do Unsecured no credit check payday loans really exist?

So, how do payday loans work then? Well be sure to get your loan from a   reputable company not some back street "loan shark", without a proper consumer credit licence, usually with a six digit number. Usually you borrow the money and you pay a £25 fee for every £100 you borrow, so if you borrow £200, on your payday you pay back £250. Usually a payday loans company require your debit card details as that’s how they collect the payment, but if you don’t have a debit card, the can do it through direct debit from your UK bank account. Some payday loans companies let you defer some or all of the payment till the following month but to do this you will incur extra interest. If your bank details or debit card details change you must inform the payday loans company as soon as possible so you no default on their agreement.

It’s important you don’t borrow money you can’t afford to pay back, and you talk to the payday lender company if you get into any difficulties and not just ignore them.

If you have a complaint about your payday loans company you can go to the financial ombudsman service, their address is below:

South Quay Plaza
183 Marsh Wall
London
E14 9SR

In some cases you may be better off contacting you local trading standards also as the payday loans company you use may be doing something that is against the law.  Some paydayloans companies are not know for being very fair.  The often lie to you and tell you if you don't pay you are going to arrested by the police or you are going to have your legs broken by a thug.