Christmas can be a joyful time but also a stressful one for many people. You often need extra cash around the holidays to get presents for friends and family. There are loan options to consider, especially if you did not plan ahead or were unable to save enough for the purchases you need to make. Poor credit is not an obstacle to get a Christmas loan!
A Christmas loan is a loan to cover holiday expenses. Christmas loans are like a form of personal loans. You borrow money to spend on your holiday needs. With the loan amount, you are free to spend the money on whatever you need.
Christmas loans are also known as Christmas payday loans when they meet these criteria:
These loans are unsecured loans!
The borrowing process is as follows:
Qualifying for Christmas payday loans with no credit check is simple.
CashOne has been working with Americans coast-to-coast for more than 15 years. Here are a few of the reasons to consider CashOne:
It is best to request your loan in enough time (a few days or a week) to get the money and have it for your planned expenses. Waiting until the last minute is never a good idea. Remember that banks are closed on holidays and weekends, so your lender cannot get funds to you on those days.
There are two primary types of holiday loans. Payday loans are generally for $1,000 or less, and people with bad credit scores can apply, and installment loans are for more than $1,000. Of course, traditional loans from banks can be for large amounts, e.g., a home equity loan but they are not generally used for holiday expenses or purchases. They also require higher credit scores, often 700 or higher, and traditional lenders always check your credit.
If you get a payday loan, it is paid back on your next paycheck or within 30 days in almost all cases. This is determined by state laws where you live. For an installment loan, the payback period is at least 6 months and often 1 year in length. Traditional loans can extend for years.
Christmas loans for bad credit are quite common. In fact, over half of all approved payday loans are for people with poor or bad credit. If you have recently defaulted on a payday loan, it is likely your loan request will be rejected. And direct lenders generally do not do hard credit checks when reviewing loan requests. This is because the number one thing lenders look for is your current income level. It is the best indicator of your ability to repay your loan.