There are no direct payday lenders who will not carry out a same day credit check up on the borrower. No credit check loans imply that your loan company performs a soft credit rating check up on you before issuing the bank loan. Reasons for soft credit rating check include: Best Loans are short-term pay day loans that are given without various formalities and usually on the web. Upon approval from the payday loan providers, the customer may have the money deposited into his bank account on the same day. The performance of personal loans for bad credit rating is achieved mainly because of the short loan application form which does not require a lot of information or paperwork based on your creditworthiness. In this manner, the processing period is immensely shortened.