subject: Can I Get A Payday Advance With No Credit Check? [print this page] Life is full of unexpected eventsLife is full of unexpected events. In many cases, the unexpected can require immediate cash when payday is still a week or more away and savings are starting to become a little thin. When emergencies arise that require money before funds are available, seeking payday advance loans is a solution to the problem.
Simple Loan Facts:
Payday advance loans are short term, small loans designed for emergency cash needs. These loans are not appropriate measures for those who need long term cash or a large sum of money that is not possible to repay within the next pay period.
Qualification for payday advance loans is much easier than traditional loans because the lenders are willing to limit the qualifying requirements. In general, most lenders will want proof of employment, a photo ID showing that the individual is at least 18 years old and an active bank account. Some payday lenders are even willing to waive the credit check, so it is possible to obtain the loan even when credit scores are poor.
Loans without Credit Checks:
Pay day loans with no credit check are available through lenders who specialize in poor credit loans. The pay day loans with no credit check options give consumers peace of mind that the lender will not disapprove the loan based on a less than perfect credit history report.
When working with the lenders who do not run a credit score before providing funds, consumers should expect a slightly higher interest rate when compared to the payday lenders who require a credit check. This is a direct result of the higher risk associated with forgoing the credit check. The lender helps balance the higher risk with the slightly higher fees.
Obtaining a payday loan can solve a wide range of financial emergencies. When cash is needed immediately and payday is still too far to manage the situation without large consequences, it is possible for most individuals to qualify for a payday advance. Even a poor credit history will not prevent qualification for any payday loan that waives the credit check.
For more information, go to Payday Loan at http://www.mypayadvance.co.uk
