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extralend loans payday loan

If you’re contemplating approaching pay day loan direct lenders, there’s something else to consider.

If you’re contemplating approaching pay day loan direct lenders, there’s something else to consider.

Why? Due to the Financial Conduct Authority’s strict requirement on payday loan providers, they should, for legal reasons, perform the full credit check you a firm answer on you prior to giving.

There’s two forms of credit checks “soft” and “hard”. A payday lender can perform a “soft” credit check for you this could offer you a “yes” in principle. But, they are unable to then turn that “in principle” yes to an “actual” yes without doing a “full” or difficult credit check.