Why? Due to the Financial Conduct AuthorityвЂ™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 вЂњsoftвЂќ and вЂњhardвЂќ. A payday lender can perform a вЂњsoftвЂќ credit check for you this could offer you a вЂњyesвЂќ in principle. But, they are unable to then turn that вЂњin principleвЂќ yes to an вЂњactualвЂќ yes without doing a вЂњfullвЂќ or difficult credit check.