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

An introduction to SBI Mutual Funds

An introduction to SBI Mutual Funds

SBI Mutual Funds are an Indian-based mutual fund. In operation since 1977, the SBI fund is one of India’s premier investment products. With a network of over 200 points of acceptance throughout India, this fund has very good national coverage, and is well worth considering as a potential investment vehicle. For more information about this fund, read this article.
How to get a government small business loan

How to get a government small business loan

The UK government has set up a guarantee scheme to help small businesses to obtain bank loans where they would otherwise have been refused a loan because they could not provide sufficient security. Small businesses may also find bank loans which are financed by the European Investment Bank.
A guide to Nationwide financial products

A guide to Nationwide financial products

The Nationwide is the UK's largest building society and it offers a wider range of financial products than many building societies and banks in the UK.
Discover bank: What does it offer customers?

Discover bank: What does it offer customers?

Discover Bank is part of Discover Financial Services. It is involved in direct banking operations and is a famous consumer and business credit cards issuer. It introduced the concept of credit card rewards and no fee credit cards.Discover bank offers online banking and equips customers with many useful online tools which can be used to plan finances.