A no credit check payday loan is a way you can borrow emergency cash, and the lender will not use a big credit bureau like Transunion to check your credit score as part of their process. In other words, the direct payday lender does not use your actual credit score to determine if they are going to lend to you.
What criteria do they use? There are several (soft check only), and they may vary, but most important is your ability to repay the loan on time. If you have stable work income and place of residence, these are the most critical criteria.
You are facing a cash shortage, and there’s no better way to take care of it. You know that banking institutions and most direct online lenders won’t lend to you. You need money fast and cannot wait to try to get a bank loan (even if you can qualify) or to apply for a credit card (which you probably can’t do), or maybe you maxed out the ones you have.
The idea of a no credit check payday loan is appealing to people who have a FICO score of 620 or less and need quick access to funds up to $1,000 or more. Also, if you successfully repay your payday loan on time, you may become capable of rebuilding a good credit score.
Well, here are the key benefits of no credit check payday loans that you should be aware of:
However, make sure that you are well informed about the payday loan laws in your state and compare multiple lender rates before finalizing one.
Complete a short loan request form in 3 minutes or less.
What information is needed to fill in the payday loan application form?
And in less than 2 minutes, you will know if you are approved. If approved, your lender contacts you immediately and goes over your loan details and answers any questions you may have. Be sure you get all your questions answered before agreeing to a loan, and very important, be sure you are comfortable you can repay your loan when it is due (typically your next paycheck). Missed payments can result in NSF and other fees that you don’t need to pay.
Simple, every credit check can actually lower your score for up to 2 years, so getting a payday loan with no credit check is important. No reason to lower your credit score even if it is poor. Also, if you pay back your loan on time, it can actually help you to start rebuilding your credit score.
The number one consideration when requesting no credit check payday loans online is that you are comfortable with your loan fees and your pay back date. You do not want to miss your payment date, as this could add penalties and other fees to your loan amount. These add up fast and can put you further in debt.
Always ask your direct payday lender about your fees, payment date, and any other questions you have. You are never obligated to accept a loan offer from any lender.
It is fast, easy, and secure to apply for payday loans with no credit check. Did you know that direct payday lenders do not do traditional credit checks? Lenders are more concerned with your ability to pay back your loan. This means they look for steady employment for at least the last 3 months and income of at least $1,000 a month.
You can get a no credit check payday loan by taking 2-3 minutes to complete a payday loan request form right here at CashOne. We have helped hundreds of thousands of people by connecting them to our wide array of lenders. And 80% of them have been approved!
After completing our short form and hitting 'submit,' you will get your answer in 90 seconds or less in most cases. If approved, you will be connected directly to your lender, usually in 30 seconds or less. It doesn’t get any faster and easier than this. And all of your information is secured via our encryption technology.
CashOne is the best source to get payday loans online with no credit check! We have built a powerful referral network of 120+ direct payday lenders and refer you to them. Only the one who wants to lend to you will contact you if you are approved. And we don’t sell your data.
Some people search ‘payday loans near me’, but they only find local storefronts or small lenders. Guess what? Now they have to drive around, hoping that they can get a loan from one. Don’t waste your time and gas money. Your search is over with CashOne! With over 12 years’ experience online, you have a trusted resource right at your fingertips.
So, what are you waiting for? Start your request for a no credit check payday loan now!