The way many of these loans are now planned, the lender and the borrower make arrangements for the loan to be fully repaid before the loan is funded
. This gives the lender assurance that a default will not occur, and as such, is willing to make the payday loans no credit check to a borrower with bad credit. Lenders understand that often the individuals most in need of this type of service are those without the credit to go another route. They have set up procedures that allow them to provide service to this previously underserved group, and can be a noteworthy advantage when needed.