The use of Payday Loans should be considered as serious a financial commitment as any other source of credit, including personal (bank) loans and credit cards. Direct Payday Lenders will search the records of various credit reference agencies and record their search as part of the application process. There is no such loan as a ‘no credit check payday loan’.
Multiple applications to lenders will be recorded on your credit file and may impact negatively to other prospective lenders (payday or otherwise) in the future. When managing your payday loan, your borrowing history and how you handled the account (payments made against the loan etc) will be reported to the credit reference agencies and non payment of a loan will impact negatively on your credit score and may result in you finding it difficult to obtain any further credit in the future.
You can find more information about your credit score, view your credit report and find out how you can improve this for all for free on the Noddle website.