Get a Loan Today With Cobra Payday Loans

• 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

We are committed to our treating customers fairly policy which can be found here.

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 your credit worthiness, it is the law. The lenders that we use are no different and will credit check each application for a loan.

Credit checks give lenders the opportunity 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 may have an impact on the amount 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 through payday loans bad credit.

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.

Payday loans are a quick, hassle-free way to boost your credit score by taking on finance and repaying it on time. These quick repayments will be reported to credit scoring agencies and you will see your score shoot up in no time.

Cobra Payday Loans is here to help you access lenders who can provide you with the funds needed to tackle whatever short term emergencies life has thrown your way.

However, it's important to remember that payday loans are not suitable for borrowing your way out of debt in terms of either short term consolidation or long term borrowing. The interest rates associated with payday loans are designed with short term lending in mind, meaning that these loans can become expensive if they are mismanaged or rolled over into multiple repayments.

If you find that you are unable to repay your loan, then the first step is to not panic and simply contact your lender. You would not be the first person and certainly will not be the last to have issues with loan repayment.

In line with the Financial Conduct Authority's guidelines on Treating Customers Fairly, any lender is obligated to treat your circumstances with compassion and understanding. At the end of the day, it is in their best interests to help you get back on your feet so you can afford to complete your repayments.

They may be able to freeze interest or charges on your loan or offer a repayment holiday to give you some much-needed breathing space.

Whilst it goes without saying that any financial difficulties can be stressful, there has never been a wider range of services available to help you overcome these issues.

Money Advice Service (www.moneyadviceservice.org.uk)

The Money Advice Service is a government-founded, independent service. They offer free, unbiased help on how to manage your finances and make your cash go further. All information is available either over the phone or face to face.

StepChange (www.stepchange.org)

StepChange is the UK's largest debt advice service and has helped more than half a million people to deal with their financial problems last year alone. Their website offers access to fully trained debt advisers along with a wealth of literature on debt and other financial commitments.

National Debt Line (www.nationaldebtline.org)

National Debt Line is the UK's leading debt advice charity. As an independent debt advisory service, they offer everything from online debt tools and web chats to budgeting advice and telephone-based debt help.