There are no direct payday lenders who will not perform a same day credit check on the borrower. No credit check loans imply that your lender performs a soft credit rating check on you before issuing the bank loan. Reasons for soft credit check include: Protect Identity are short-term payday loans that are given without various formalities and usually on-line. Upon authorization from the payday loan providers, the customer may have the money deposited into his bank account on a single day. The efficiency of personal loans for bad credit rating is achieved mainly because of the short application for the loan form which does not require a lot of facts or paperwork predicated on your creditworthiness. In this manner, the processing period is immensely shortened.