Poor credit but need a loan
Payday Loans No with no Credit Checks
No Credit Check Loans – Payday Loans With No Credit Checks
There are some bad situations that make life difficult for people, and having a bad credit score is one of them. The impact of bad credit rating is felt most when there is an emergency financial need that must be met without delay. Getting a loan becomes nearly impossible because of the credit score that discourages many lenders from providing the needed financial help. If you have had such an unpleasant experience, you will know how bad the situation is; you will feel helpless and look stupid. Transfixed, it seems to be a hopeless situation, there seems to be no way out. However, there is a solution to this.
Unlike banks and some other lenders that place priority on your credit rating and restrict your access to financial help in times of emergencies, there are some Payday loans that offer you financial help without taking your credit rating into consideration. These loans are known as No Credit Check Loans or Payday Loans with no Credit Checks. If you like to know more about them, read on as I will give you a comprehensive list of these loans and how to qualify for them. First, let’s discuss these loans.
No Credit Check Loans
This is now the real deal. These different loan options listed below require no credit check, I repeat, you can proceed and apply for any of these loans without any worries about your credit score if you meet some requirements that will be discussed later.
This is one of the Payday loans that are very easy to get. Without leaving the comfort of your home or signing any papers, No Fax Loan offers you the luxury of applying for and getting a loan without faxing any papers or mailing any document to the lender. The whole process will take a few minutes as you only need to click a few buttons and get your application submitted to the potential lender. If you are qualified for the loan, payment is made into your crediting account without delay.
What other information do you need about this loan that the name does not explain? The name implies that even if your credit score is very bad, there is still a hope of getting a Payday loan. That is not the case with getting a loan elsewhere, including getting it from a bank. This loan type can still assist you with £200 to £1,000 depending on your income.
Military personnel with a less than impressive credit history can find solace in this loan option that requires no credit history for eligibility. Regardless of the geographical location for the borrower, once his or her eligibility is determined, the money will be deposited into the account of the borrower as fast as possible. Military officers serving outside the country are exempted from the requirement that stipulates residing within the United States and they can borrow up to 40% of their salary. The payment period is 14 days at a fee of £10 to£30 on every£100 that is borrowed.
There are strict rules for military personnel who need this loan for personal use while awaiting their paycheck. For instance, the Uniform Code of Military Justice says in the article 123a that, if a military man fails to satisfy the terms and conditions of his financial commitments and obligations, he can be subjected to clearance, discharge, transfer, or confinement.
How soon the money will be available for withdrawal depends on the location of the borrower. Those living in the United States will have access to the loan in less than 5 working days unless the borrower can pay an additional fee to expedite the payment process. Those who are working outside the country are a bit lucky. Due to the nature of their job and the possibility of emergency financial pressure on them, there are two options. The borrower either uses the wire transfer method or chooses the Western Union option.
Apart from needing no credit check, this loan does not require you to submit the proof of your employment status. To make the process easy for the borrower, the application form should be filled and completed online before submission. How do the lenders verify your claims? They verify through different databases at their without getting you involved in the verification process. This is an amazing verification technique that makes processing the loan very simple and stress-free. The average loan amount is between£200 and £500. Your income will determine the loan amount that you can apply for.
If you fail to repay your loan and fee within the agreed 14 days, you can apply for a loan extension. This will speed up the payment, although that comes at a price, a higher fee will be charged for the extension.
If there is something about this loan, it is the urgency implied by its name. If you need a loan in less than 24 hours, consider taking this loan. The verification process is done as soon as your application is submitted and received. Upon the verification of your eligibility, the money will be deposited into your checking account at the speed of light. You can’t beat this loan no, matter how bad your credit score is.
If there are no problems with the confirmation of your eligibility, you will get the money in your account on the next business day. This may be tricky if you request for the loan on Friday when the next business day is 72 hours away. If there is a real urgent need for the money, ask the lender to wire the money into your account after paying the extra fee charged for the service.
If you have a lender who is ready to give you a waiver, you can borrow above the £1,000 maximum loan amount that is common to these loans. Your income and relationship with the lender will weigh in on this.
This loan has some distinction from the other loans in this list despite their seemingly identical processes. While most loans set their payment time frame for 14 days, 30 Day Payday Loan gives you a time frame of 30 days to pay the loan back. This concession is for individuals who receive payment once in a week. If you get paid twice in a month, you will be restricted to the regular loan with 14day payment time frame.
Another difference between this loan and other loans is the fee. Although most loans set a fixed loan fee of between £10 and £30 on every £100 loan that is taken, 30 Day has different fees for a variety of loan amounts and the charged fees are calculated based on how long the repayment will take. Therefore, those who will pay their loans within 14 days will attract a lower fee than borrowers who plan to repay their loan after a month.
The regular time for the money to be deposited into your account is 3 to 5 business days. If you can’t wait that long due to some pressing needs, pay some extra money and the loan money will be deposited to your account as soon as possible, usually in less than 24 hours.
The Online Payday loan is available for everybody that meets the requirements set by the lenders. The whole process does not take you out of your home because applying for the loan is done completely online. If you are qualified for this loan, you will get the money within 3 to 5 business days. You can get the loan in less than 24 hours if you have some extra bucks to pay in advance for swift payment. The maximum loan amount is £1,000 which should be paid in 14 days. Of course, what you get as a loan is determined by your income and your ability to repay the loan according to the agreed payment time frame.
If you have a valid reason, your payment time frame may be set to 21 or 28 days depending on the initial agreement with your lender. The concession will be based on the frequency of your payment at work. So, the lender will need the proof of your payment before he can go beyond the regular time frame for any Payday loan type.
Before the next payday, you can use this loan to take care of some financial needs. From the name, you will have an idea of how long the process of getting the loan will take you. In less than 60 minutes after the submission of your application online, the loan will be processed after which the lender will get in touch with you via email or phone. If nothing stands in the way of your eligibility, your application will be approved and you will get the loan in less than 24 hours. You can get the money wired into your account if you can afford to pay some extra fees. The fees charged for the wire by both the lender and your bank makes this loan option a bit expensive.
People with high income or a good reputation with the lender can get a loan amount that is above the maximum amount of £1,000. So, your income plays a big role in the loan amount your borrower is ready to part with. If your income is great and can afford an increase in the service fee, you can go for a higher loan amount. Don’t forget that you have just 14 days to pay your full loan and the service fee.
Qualification requirements for No credit Payday Loans
To start with, Payday loans are short-term loans that you can use to settle some unexpected financial crisis. You can get these loans within 3 or 5 business days, depending on your lender and how you want the payment to be made. If you can afford to pay some extra cash in advance, you can get the loan as soon as possible, less than 24 hours in some cases. That is possible if you meet the requirements for eligibility. What are these requirements?
The reason for this requirement is obvious. Some of the loans are usually delivered to the home of the borrower without stepping out of his house. The lender will need unrestricted access to your home. That is possible if you are living within the states only.
- You must be aged 18 or above
This is the age of consent. The lender will want to ascertain that you are personally responsible for your financial decision. This is imperative due to the nature of the risk associated with lending loans out to people without any collateral.
Do I even have to explain this? For the sake of clarity, this requirement is a must for any potential lender. Applying for a loan is easy, getting the loan is easier. Everybody hopes that paying it will be the easiest thing but unfortunately, far from it. The lender will want to be convinced that you are financially capable of meeting the repayment before giving you the loan. I think that is logical.
I will like to say that the borrower benefits from this requirement more than the lender. If you realise that there are other financial responsibilities you have to shoulder beside repaying this loan, you will understand the importance of having a high income that is enough to pay off your debt and have something to keep you going before the next payment. Think about this, how will you pay the loan if your income is less than the stipulated minimum income? Don’t forget there are other bills you must pay such as tax, utility bills, and other personal expenses.
This is another requirement that I believe needs no explanation. If you don’t have a checking account, where will the money be deposited for you? So, you must have an account where the money will be deposited to make it easy for you and the lender. If you don’t have a crediting account, you must open one before you proceed with applying for the loan, except if the loan will be delivered to your doorstep.
- You must be employed for 3 or 4 months
Although not every lender requires this, it is good to know that the requirement exists. This is especially true if you are employed less than 3 months ago and you need a loan that ignores your credit score. In order to avoid embarrassing rejection by some lenders, you should look through the official websites of reputable lenders and find out if they require this. If yes, continue searching until you see a lender who is ready to waive this requirement.
How to apply for the loan
You don’t need a tutorial handout to learn how to apply for any of the loans discussed here. These are the simple steps you need to take to apply for the loan while I assume you have the basic knowledge of the Internet and a device with Internet connection:
- Search for the list of lenders.
- Visit their websites to get an idea of their terms and conditions, including the requirements.
- If you find a lender that appeal to you, fill in the application form online.
- Submit it when you are through and wait for their response.
After verifying your identity and eligibility, the lender will get back to you via a phone call or an email message. A couple of hours or days later, you will be alerted after the money has been deposited in your account.
Instead of giving some emergency financial needs and bad credit rating the freedom to spoil your fun, take advantage of any of these loans to put your financial crunch behind you. Remember, your credit score has no say in this.
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