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“I’m sorry, we can’t help you at this time.” If you have bad credit, you may be used to hearing these words every time you attempt to apply for a loan. It’s an unfortunate fact that bad credit can prevent you from reaching many milestones in life, such as home ownership, for example. However, it cannot prevent you from getting needed funds in the form of a fast no credit check loan.

By its very nature, the no credit check loan ignores poor credit history and mistakes of the past and provides borrowers with needed funds in a rapid manner. For those interested in utilizing the benefits of a no credit check loan, this article will shed some light on the details of this lending option and why it may the best option for borrowers worried about the impact of their bad credit on loan applications.

Meet the Basic Qualifications and Cash Is Guaranteed

Rather than no credit check, many people may also be familiar with the term guaranteed loan. In many ways, that is exactly what a no credit check loan is for you. As long as you meet a few, basic requirements, the loan that you desire is guaranteed. Those requirements are as follows:

· 18 years old or more.

· Currently employed with a steady paycheck.

· A citizen or a permanent resident of the U.S.A.

· Current bank account and routing number.

That’s all there is to qualifying for a no credit check loan. As the name indicates, your credit score is of little concern and, in fact, won’t even be checked. You need to simply prove to the lender that you are who you say you are and that you have a sufficient income to support rapid repayment of the loan.

Fast Money for the Short Term

One of the reasons lenders can get away with offering no credit check loans is because of the details entailed in taking these loans. They are usually only given for relatively small amounts (as low as $100, but up to $1,500) and then they are repaid within a short period (as short as 2 weeks, but up to 6 weeks). Basically, by offering you money in the short term and basing that amount off of your current paycheck, lenders eliminate the risk that bad credit entails, which is usually poor long term follow-through or chance of a change in circumstances.

Your no credit check loan may also be called a payday loan or a cash advance loan for this reason. That is because the money that the lender provides you is meant to serve you in advance of your paycheck and then be returned upon being paid again.

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