Paydayloanskentucky.org – 63% of Americans live from paycheck to paycheck. With this kind of situation, it’s normal that some people expect an online payday loan no credit check direct lender.
Those with poor credit scores and unable to get loans from banks might request a payday loan to make ends meet. Flexibility is the main feature of this loan, though it comes with several downsides.
In this article, we’ll help you to find the best payday loan apps for direct lenders without a credit check. Take some advice too, so that you’ll get the best outcomes while avoiding fake and scam apps.
The Benefit of Online Payday Loan No Credit Check Direct Lender
Getting a payday loan without a credit search is beneficial in many ways. A “no credit search” means that you don’t have to worry about your poor credit score. Some apps won’t even charge you a higher interest rate because of it. They simply ignore the credit score.
Direct lenders, on the other hand, offer flexible rules. Compared to mortgage lenders, borrowing money from direct lenders is faster and easier. Some direct lenders even provide a maximum amount of loan comparable to a bank loan.
10 Apps for Online Payday Loan No Credit Check Direct Lender
| No | Apps | Credit Check | Direct Lender | Maximum Loan |
|---|---|---|---|---|
| 1 | Vola | No credit check | ✓ | Up to $300 |
| 2 | Albert | No credit check | ✓ | Up to $250 |
| 3 | Empower | No credit check | ✓ | Up to $250 |
| 4 | Brigit | No credit check | ✓ | Up to $250 |
| 5 | Viva Payday Loans | No credit check | ✓ | Up to $250 |
| 6 | Viva Payday Loans | Low credit scores are welcomed | ✓ | $100 to $5000 |
| 7 | Big Buck Loans | Low credit scores are welcomed | ✓ | $100 to $5000 |
| 8 | Low Credit Finance | Low credit scores are welcomed | ✓ | $100 to $5000 |
| 9 | Chime | Low credit scores are welcomed | ✓ | Up to $200 |
| 10 | Cleo | No credit check | ✓ | Up to $100 |
Alternative for Online Payday Loan No Credit Check Direct Lender
There are other alternatives, if, for some reason, you can’t get a payday loan without a credit check. For instance, you may consider apps that do soft credit search. A soft credit search still has a higher approval rate compared to a hard credit search.
A soft credit search won’t look after all your previous credits and their details. It’s simpler and faster. This method also won’t affect your credit score in a bad way.
Beware of Scam Online Payday Loan No Credit Check Direct Lender
Be careful with scam apps! Some of us are desperate enough to fall for their lies. Try to avoid fake and scam apps based on the following red flags:
- They ask you to pay first.
- Require you to pay the insurance fee upfront with a promise of getting a lower APR
- The email is not customized (they use Gmail or other free mail services).
- Their app names are suspicious. They usually name apps similar to credible apps’ names to trick people.
- They ask you to send the money back for verification.
- They ask for your bank account, including the sign-in data.
- The apps are unavailable on Google Playstore.
- They ask you to pay the loan not through the apps.
Real Online Loans for Bad Credit
One of the reasons people take an online payday loan no credit direct lender, is because they have bad credit scores. A person with a bad credit score usually ends up getting a rejection from banks.
You might already hear about how many payday loan apps advertise their service to include those with poor credit scores. Those apps are real, but you should be cautious of scammers.
In general, don’t fall for the “too good to be too true ads”. Payday loan apps will accept requests from those with low credit scores, but they usually have some limitations.
Advices Before Taking an Online Payday Loans for Bad Credit
Follow our advice before you get an online payday loan no credit direct lender:
- Be prepared for the higher interest rate. Those with bad credit scores will usually have to pay more for the APR.
- Make sure that you pay the loan back on time. A late payment won’t only result in penalties, but also a further drop in your credit score.
- Don’t borrow more than you need. Your bad credit score has made you unable to get a loan from a bank. You don’t want the same to happen with payday loan apps.
- Do some research first. Don’t just believe the ads you saw.
- Go for the soft credit check, and avoid hard credit checking. A hard credit check will affect your already poor credit score in a negative way.
No Credit Check Loans Same Day
While it will be convenient to get an online payday loan no credit direct lender, you should also consider their speed too. Some loan apps are able to give a response within an hour, while some will do it within a day. However, several loan apps take 1-3 days just to give you a first response.
You definitely should consider this factor, as you may need the money for an urgent need. Waiting for 3 days just to get a rejection is not something worth the time. However, you should also realize that as much as you want to get a response ASAP, your proposal might contribute to the slow action. Borrowing a lot of money will definitely slow the process. In this case, you might consider paying an extra fee to make the company prioritize your request.
An online payday loan no credit check direct lender, at the end of the day, is one of the most ideal instant borrowing. But, you still need to be careful and think of other factors and alternatives.
