No Credit Check Installment Loansby Steve B. Spokesperson for FaaastCash
No credit check loans are typically online payday loans because most payday lenders use databases for verifying the information and rarely use a credit check. Online payday lenders can lend to people with bad credit, many of whom will not get a loan from installment lenders.
Installment loans are larger in size and have longer payback terms as well as lower cost, so they are a preferred method of getting a loan.
As mentioned before, the only way to make sure your lender may be able to do this is to ask in advance if they do a credit check or not. Some do, but most don’t.
If you need less than $1,000, a no credit check loan with a payday lender is the best option. If you need more than $1,000, you may need to shop around to find an installment lender that does installment loans for bad credit.
Here are a few of the general guidelines for being eligible:
Created on Sep 13th 2019 06:04. Viewed 67 times.