Not yet registered? Create a OverBlog!

Create my blog

How to apply for no credit check payday loans

You've run short of cash and need a loan until payday, but you have a very bad credit history. Payday loans with no credit check involve complying with some basic eligibility criteria. You can get a loan online, over the phone or in store and receive your money within a maximum of 24 hours.

Eligibility criteria for payday cash loans

A no faxing cash advance is designed to help people who've been declined for credit elsewhere due to an awful credit history during the last seven years. Provided that you're able to comply with a few simple requirements, 30-day loans are available for up to $1,000. A credit check doesn't form part of the eligibility criteria. Citizenship In order to get approval, you must be a citizen of the country where your application is being made. For example, a French citizen won't be able to get a pay day advance in America. Age You'll need to be at least 18-years-old. This may seem unfair, but defaults rates are far higher amongst young people. Employment There are exceptions, but you'll typically be expected to be in full-time employment. It doesn't matter if you're on a temporary contract, but you must be employed by a company and be able to provide proof of earnings. Checking account In order to comply with the verification criteria, you must have your own bank account. Once approved, the money will be sent to you by bank transfer. Due to the risk of fraud, you cannot receive payment in cash. Identification You're expected to provide two forms of identification. Suitable forms of I.D. include a copy of your passport, driving licence, utility bill or a bank statement. Most official forms of documentation will be acceptable to the loan lender.

Information about a no faxing cash advance

Finalizing payment Once approved, you'll need to provide a payday advance lender with a post-dated check that's set to clear on the date that you're paid. This will normally be within 30 days. Provided that you apply early enough, you'll normally get your loan today. When you need fast cash, it's advisable to apply for loans as early as possible in order to ensure same day payment. Defaults Same day payday loans are unsecured so, unlike a loan from a pawn shop, you don't stand to lose any collateral. However, non-payment will lead to the accrual of further interest and charges. Your account will also be passed to a debt collection agency and they will pursue you for payment of the full balance.

Same category articles Banking

What is seller financing?

What is seller financing?

Seller financing, owner financing and land contract are exactly the same thing. Seller financing is where the owner or seller carries the loan for the purchaser. The seller sets a price on his home, and then agrees to carry the loan for a prescribed period, usually from 20 to 30 years. Read more about the advantages and pitfalls of seller financing.
How to get a loan in the U.K.

How to get a loan in the U.K.

Since the credit crisis, cheap loans have become slightly harder to find. Rising default rates have meant that lenders have little alternative but to tighten up their eligibility criteria. The best loan deals are offered to applicants who most closely match the desired credit profile specified by the bank.
Alliance and Leicster: The facts

Alliance and Leicster: The facts

There are many banks all over the world; however, sometimes we are a little unsure of which bank to choose. The aim of this article is to provide you with an insight into the bank of Alliance and Leicster in order to help broaden your perspective of banks and the services that they offer.
A guide to using a monthly mortgage payment calculator

A guide to using a monthly mortgage payment calculator

Mortgage loans are property loans provided by banks and building societies to individuals or companies to buy property such as houses. Mortgage loans vary from their size, repayment terms, interest rates as well as maturity. Therefore, it is important to use a monthly mortgage payment calculator in order to know the monthly loan repayment commitment, the duration of the bond and the interest amount. This article is a guide to using a monthly mortgage payment calculator.