No Credit Check Cash Advances and Bad Credit Cash Loans
Posted at by ifydcat on category CreditWhats the best thing you can get from no credit check finance? Its the rapidity! Who would lend you $500 instantly when you need it?
Nobody in his or her right mind would do that, especially in this time of recession. You have even slimmer prospects when you have a bad credit to start with.
Two things the speed and the fact that they dont mind if you messed up your credit records will make you say yes to a no credit check cash advance or a bad credit cash loan.
You enter the deal with a positive mindset that the loan interest rates are quite a bit lower, but that is not the case. You just have to suck that in.
There are several options for loans for people who are in bad credit. If you need a short term loan you can go after no credit check cash advances. Just like most things in this world, there are good and bad elements to this settlement.
The most positive thing about this is that it will take only a few hours for you to get your much required money when you secure this type of loan. There are no other requirements than a pay slip or any proof that you are working in a company and earning sufficient income.
Credit records are not part of it, which is another benefit, plus the extra advantage of being able to regain a good credit record if only you can make good monthly repayments.
It is worth noting that most states have to cap the amount that they can lend you. Youre lucky enough to find a company who would lend you a thousand dollars. Most US territories can only provide you a maximum of $500.
Another aggravating factor of course is the ceiling high interest rates.
For more long term loans, those that have been struggling with bad credit can get secured loans.
These sub prime loans will be available to individuals who have properties/houses or assets to use as collateral, reducing the risk factor of the lender. The interest rates you are about to pay for this long term finance loan is marginally lower than those you pay out for unsecured loans which do not include collaterals.
The unsecured loan lenders can offer you as much as $1,500 which is paid out in about two to four weeks. You can also request for a longer repayment period; that is if you are ready to pay for higher interest rates that might reach up to 14%.
Still the best thing about all these no credit check cash advances and cash loans is that you can recapture a good or even great credit score with credit bureaus like FIC. You just have to make a choice.