Payday loans get quite a lot of heat in the press and media. At Quickle, we feel this is mainly due to the fact that so many people misunderstand how these loans are designed to help people rather than harm them. In this post, we’re highlighting several ways that loans with no credit check can really save your bacon when your going through a tough situation with money. Here we go:
When your credit score is wrecked
Getting a credit card or personal loan quickly is almost impossible when you have a poor credit rating. Payday loans don’t require credit checks, so anyone with a bad credit history can still access the funds they need with these solutions.
The assessment for a short-term loan with no credit check is based more on your income. We check your latest bank statements to see if you’re earning enough to pay back the amount you’ll owe without any trouble. When people can’t afford the amounts they apply for, we advise that they take smaller amounts or simply let them know that a payday loan might not be the best option for their circumstances.
For people who need speed of payout
You’re running low on cash and suddenly a pipe bursts in your home, do you just accept the leak for weeks until your next payday? Of course not! You’d have to find some way to get the cash needed for the repair the same day if possible. This is exactly what payday loans offer.
The process is so fast because it does not include a credit check. In these situations, speed really does take top priority. Friends and family might take too much time to get you the money, you don’t have the time needed to sell stuff or arrange meetings with the bank, so you act right away. In the vast majority of cases, we do our best to ensure the money is paid into your account within 24 hours of your application being accepted.
The application process can be completed online as soon as you need it and all you need is your ID and most recent bank statements. This level of speed and convenience combines to bring people a lightning quick means to solve their most urgent situations.
Saving money on a daily basis remains the best way to manage your finances, build a safety net and increase your ability to react to such emergencies. But what if that’s all much easier said than done? We don’t all have stellar salaries with huge disposable incomes. Most people still live paycheque to paycheque and spend almost all of what they earn to survive. When things get extra tight, you need access to funds as quickly as possible and this is exactly when a payday loan becomes such a strong option.
We provide notifications to help borrowers repay on time
A lot of people might believe that payday loans providers benefit when their customers pay late, but this is far from the truth. We understand how important it is for people to use the right finance products for the right reasons. In reality, it’s in our best interest to help those using our loans to repay their loans exactly as agreed in the terms of their agreement. This is exactly why we offer notifications direct to your phone reminding you of upcoming repayment dates.
These little touches keep the late repayment rates down as much as possible. With our fast cash loans that have no credit checks, we believe in giving those that are refused elsewhere a chance to prove their ability with credit. If you earn enough, you should be allowed to show that you can manage your repayment successfully and restore your credit history to higher levels.
These are some of the main ways that a loan with no credit check can prove hugely helpful to people in urgent need of funds. Think we’ve missed anything? Slam your thoughts in the comments below or get in touch with our dedicated support team if you need more information. Not sure if a payday loan is right for you? We’ll be happy to look at your situation and provide more details on how we can help.
How Cash Loans With No Credit Check Can Really Save The Day Click To TweetRead more about cash loans with no credit check here, or in our previous blog post: Cash Loans – When To Use Them and When Not To
