There are several lenders that can offer you a cash advance with no credit check however it's important to understand how these loans work before applying. These fast cash loans do carry a higher than average interest rate with them however people with bad credit often have no other option.
If you have bad credit then you are already used to paying higher than average interest rates on things like credit cars, car payments, and mortgages. Unfortunately that's just how it works. People with bad credit are seen as more of a risk for lenders therefore they charge a higher interest rate to compensate for that risk.
A typical finance charge for a cash advance no credit check is $15 for every $100 that is borrowed. This is only an average and rates can vary greatly between lenders. If you are being offered a cash advance loan with a finance charge that well exceeds this average however, it is probably a sign that you should shop around for a better loan.
The easiest way to get a good rate on a cash advance with no credit check is to use an online network. The best online payday loan networks have established relationships with at least 50 cash advance lenders and can force them to compete for your business. When you submit an application all of these lenders will be competing for your business and the network will provide the lender that has offered the most competitive rate. When lenders compete the consumer always wins.
In order to qualify for a cash advance no credit check you must be at least 18 years, currently employed, and making at least $800 per month. You must also have a banking account that allows direct deposit. As long as you meet these qualifications most lenders will be able to lend anywhere from $300-$1,500 no matter what your credit score is. The best part is that most of them can deposit your funds directly into your banking account within 24 hours of filling out an online application.
Make sure that you really need a fast cash loan before applying for one. A cash advance no credit check carries higher than average interest rates and should not be overused. They are intended for working individuals who need fast cash before their next payday and have no other options. Make sure that you really need the money.
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