The short answer is YES. Hard credit checks are those done by checking the big 3 credit bureaus and seeing your FICO scores. They also reduce your credit scores by doing a check. These are called "hard" credit inquiries. FaaastCash only performs "soft" inquiries that use alternative sources of information, so applying with us will not affect your credit score. Our lenders are most interested in your recent and upcoming income as it is the best indication of your ability to repay your loan. Your FICO score do not help in this evaluation.
And our direct payday lenders know that more than half of all loan requests will be from everyday people who have had some credit problems in the past.
Payday loans and some cash advances have no hard credit checks. These loans are all short term loans in most cases and are often only a month or less in length. Online payday loans no credit check are due on your next pay date in most cases.
What is a soft credit inquiry?
Online direct lenders perform a soft credit check in many cases prior to providing a loan. A soft credit inquiry does not count on your traditional FICO credit scores.
Guaranteed payday loan approval no credit check?
Online loans are often advertised “guaranteed loan approval no credit check” which suggests that you will be guaranteed a loan. This can be misleading and common sense should tell you that this is not going to happen. There are no “guaranteed” loans of any kind.
How fast are payday loans funded?
After you complete and submit your online loan request on FaaastCash, we will check many online direct payday lenders which increases your chances of getting a fast loan with bad credit. Approved loans are funded in 1 business day.
Who can get no credit instant loans?
Anyone can apply for a loan with no hard credit checks. As long as you are a US citizen, over 18 years of age, and have income for the last few months. You also need a permanent address and a checking account.
Do I get payday loan instant approval?
The application process is quick and easy, and the decision to loan or not to loan is virtually instant. Keep in mind that “instant” means you get an answer in less than 90 seconds after submitting your request. However, funding of your loan if you were approved is the Maryland acceptance payday loan next business day.
Is it difficult to get a payday loan with no credit?
It can be difficult to get a bank loan with very bad credit (poor credit is easier). No credit can be viewed as having the lowest score possible. The lower you scores the less likely you will be approved even for online payday loans. But there are approvals for some. Each person's circumstances are different, and you may still qualify for a payday loan.
Payday loans online no credit check instant approval, yes?
Be careful when you see the words “instant” and “no credit check”. First, instant may make you think that the process happens in a second, but it does not. The process is extremely fast but not instant. Second, ‘no credit check' may infer that even soft credit checks will not be done. This is not true. Soft checks are often done but not hard credit checks.
Do direct payday lenders have employment verification?
Most direct payday lenders will not contact your employer and only perform soft credit checks. They can usually verify your employment income from your bank statement or through a soft credit check that does not impact your credit scores.