When a borrower applies for a Bad Credit Unsecured Payday Loan he naturally wants to avoid hard inquiry. Hard, or even soft credit check is believed to affect your score. And there do exist the lenders ready to do without it compensating their risks by higher APR or other fees. But usually credit check is just a necessity both for the company and for the borrower. Thus the lender can decide whether to approve you or not and you can ensure that you are able to repay the loan.

How much would you like to borrow?

Definitions of Hard and Soft Credit Check. 

Many Americans choose short term small-dollar unsecured Payday loans because they are available for bad credit and usually require soft or no credit check. It means they will help you solve financial problems without affecting your credit score. They are legal except for the states that ban short-term lending [ check out  “Can I take a Payday Loan if it’s not Legal in my State”]

Any time we think of borrowing money we should realize that it implies some kind of proof that you can pay it back. Lenders find out how risky you are with the help of credit check which reveals your FICO score and credit history and can be hard or soft. During soft inquiry your FICO score isn’t reviewed by the lender having no negative affect on it. While hard inquiry presupposes the credit review1

It may affect the score depending on the number of credit checks, its type, time since the last check, etc. [read more in the article “Does Credit Check influence your Credit Score?”]

Different loans require either this or that kind of inquiry. Auto loans, mortgages, credit cards are usually connected with the hard one, while Installment, Payday, Personal loans may be granted with a soft check which will not affect your score. Or … there is even a chance to get no credit check cash advance.

No Credit Check Loan definition. 

A no credit check loan is a type of loan in which a lender evaluates your creditworthiness without using a credit report, i.e. without any credit check. No formal review of your credit report allows to avoid ruining the score.

The most common case of borrowing money without credit inquiry is Payday lending. It’s typically a small amount, unsecured loan given to people with poor or bad credit.

The term, “no credit check,” means that the lending institution doesn’t check your credit score before issuing the loan. This allows individuals to borrow money when they would not normally be able to borrow due to a poor credit history or low score.

How can I get Instant Approval For No Credit Check Payday Loans. 

Payday lenders providing no credit check loans require only several simple qualifications from the borrowers. They are:

  • US residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.
  • Besides the lenders may check for employment history, previous debts, review credit from other bureaus outside the most famous three and your income to determine your eligibility.

On the whole, no credit Payday loans are designed to help those people who suffer from financial hardship and cannot obtain the funding from other places.

No Сredit Сheck Payday Loans Online or Near you. 

No credit Payday loans can be borrowed both in-store and online. Compare the advantages of each in the research “Online vs in-store lenders. Besides there are direct lenders and brokers (matching services). All offer various rates, amounts and terms. So, before applying get some information about each or compare the top lenders on Compacom website. It provides the most up-to-date information on the rates and fees of the most reliable lending companies.

Whichever way you choose, the applying process is pretty much the same:

  • You fill out an easy free online application form,
  • You wait a couple of minutes to get approved,
  • You get the money deposited into your bank account within 24 hours.
  • Everything is quick, easy and convenient.

Are No Credit Check Payday Loans safe? 

Actually, no credit check Payday loans don’t differ much from traditional Payday cash advance characterized by a soft inquiry. Neither of them affects your score. 

Must know!
If fact no credit check is performed only before you are matched with one of participating lenders. After that, the lender may perform different inquiries, including 3 major bureaus: Equifax, Callcredit and Experian! 

Besides, the safety of the loan mainly depends on the borrower as it’s only up to you to do some research and find a secure reliable lender. 

To make things easier, use Compacom comparing service to find the offer with the best rates and fees. 

Why are credit checks necessary? 

Credit checks allow lenders to determine your creditworthiness. They help to find out whether you are likely to repay the loan. With their help it’s decided to approve you or not. 

While useful for lenders, credit checks can be seen as an important protection for borrowers too. They help you to make sure you don’t take the loan which you can’t pay off. Sometimes it’s better to get denied than to get into debt.


How much would you like to borrow?

Why do Americans choose No Credit Check Payday Loans? 

12 mln Americans choose Payday loans, mostly because they are available for bad credit and are granted without hard credit check. There’re other numerous no credit check Payday loans benefits:

  • no affect on your credit score
  • easier to qualify, even if you have bad credit
  • easy to qualify, 90% chance of approval
  • quick processing
  • no paperwork
  • no guarantor or collateral
  • safe and confidential

Have financial problems? Your credit score is not very good? You don’t want to damage it even more? Choose short-term (14 - 30 days) No Credit Check $100 - $1000 Payday loans! [ read more about Payday loan amounts, terms and rates in the article “Payday Loans in the USA” ]