When you face a financial emergency, you may need to take out a loan. However, a traditional loan requires a good credit score. Due to missed payments or mismanagement of credit cards, you may not have the credit score needed to be approved for a traditional bank loan. Before applying for a no credit check payday loan, consider the following factors.

Basic Credentials
Lenders will not check your credit score but may check your basic credentials to determine whether you can pay back the loan amount.

Eligibility Criteria

To get approved for a no credit check payday loan, you must:

  • Be a resident of the U.S.
  • Be at least 18 years of age
  • Have an open and active checking account with a debit card
  • Have a steady source of income
  • Have no outstanding personal loans

Important Tips to Consider Before Getting Payday Loans

Only those who have a good credit score tend to be approved for traditional bank loans. Guaranteed credit check loans are available for those who need immediate funds but have a low credit score.


Author's Bio: 

Kimmy Burgess is the Manager of Cash in a Snap, which helps clients get connected to its large network of reputed lenders to get a no fax payday cash advance when they need it. Kimmy has over 20+ years' experience in Administrative Management, with many years in the lending industry. Her expertise includes customer service, client services and other functions in the payday lending business.