We will NEVER contact your employer or make them aware you have applied for a payday loan
As an online loan company, Cobra Payday Loans offers a completely free, no-hassle service, and we will never call you to discuss your loan over the phone. Instead, all our communications are carried out by email, allowing you to easily track and store all information about your application or loan.
100% Free service
No matter what loan and lender you borrow from, Cobra Payday Loans will never charge you a single penny for using our service. We are here to help introduce would-be borrowers to potential lenders, with the sole aim of helping our customers get back on their feet financially.
Whether your application is accepted or not, we will treat the entire process with the utmost confidentiality. Whilst we take down information about your employer, this is solely used when matching you to suitable lenders.
Available around the clock
Unlike banks and buildings societies, we are open for business 24 hours a day, 365 days a year, meaning you can access emergency cash anytime you need it.
When it comes to your personal finances, there is no such thing as being too security conscious. As with our entire panel of direct lenders, we are fully regulated and authorised by the Financial Conduct Authority, giving you the peace of mind that you will always deal with professional, regulated lenders. In addition, all your personal information will be securely stored and protected in line with GDPR.
Cobra Payday Loans Treats Customers Fairly
We will never charge fees, whether hidden, upfront, or otherwise. Our service is completely free to use! Ensuring customers understand that payday loans are designed for short term use, not as a long term financial solution All personal data is held securely and only for a limited time We never share your details with anyone else for marketing
Payday Loans with No Credit Check
We will not credit check anyone who applies for a loan, instead a ‘soft check’ is used to verify your details which does not show on your credit file. Only once you accept an offer of a loan will a hard credit check be performed by the lender.
Credit should be a way to help better your financial situation, not worsen it, which is why a lender must perform a full credit check when you accept a loan. Always be wary of lenders stating they can provide loans with no credit check as they are almost certainly not FCA authorised. All lenders must perform some sort of credit check to establish creditworthiness. It is the law. The lenders that we use are no different and will credit check each application for a loan.
Credit checks allow lenders to get a quick snapshot of an applicant’s borrowing history, offering an insight into how well they have managed credit in the past. Typically, records stretch back six years, and things like CCJs and defaults ount you can initially borrow.
However, if you have had issues with credit in the past, then the great news is that all is not lost! Cobra Payday Loans has invested heavily into attracting a wide range of direct lenders offering bad credit loans who can cater to almost any financial background.
What’s more, we will never contact your employer, giving you the peace of mind of knowing that your application, whether successful or not, will remain confidential every step of the way.
One of the most common misconceptions about credit is that not needing credit before and not having a credit history is a good thing – surely that shows lenders you are financially savvy? Wrong! Those with no credit history are treated in a similar way to those with bad credit. Lenders need evidence that you can manage and repay credit on time, which is why having no credit history can work against you.