While no credit check loans are often advertised, all lenders do check applicants' credit and financial history in some way. Those with poor credit can still apply for payday or installment loans from direct lenders, as some consider factors beyond credit scores like employment history. The application process is streamlined and fast, with decisions often within minutes. If approved, funds may be deposited within a couple business days. Loan costs depend on the specific terms, which are disclosed by the direct lender.

1. No Credit Check Loans
The term no credit check loans can be misleading, and should not be misunderstood.
The truth is, practically every loan requires a lender to check the risk of a borrower. All
loans require some form of credit verification. These verifications can be traditional or
non-traditional but every lender may perform one. Please don’t be misled by the
common term no credit check loans.
If you have poor or bad credit and need a loan, your best option is to apply to see if your
information meets the requirements of the direct lenders we work with. There are many
that have done so in the past with bad credit that may have been approved by the
lenders that we work with.
Some of the people who apply often need loans but can be denied due to bad credit, if
you have poor or bad credit you should still apply. Many people in this situation turn to
unsecured loans, where a poor credit rating can be less of a concern to the lender. They
do check, but the methods of a lender checking your credit can vary.
When it comes to these types of loans, this is related to short term loans where lenders
aren’t inquiring with the main credit reporting agencies like Equifax, Transunion and
Experian and could affect your credit score. Often, lenders are also looking at
employment history or similar indicators.
We understand that credit checks can be a barrier instead of an incentive. Instead of
forcing you to struggle further, we work with many lenders that offer what some consider
no hard credit check loans which are also called payday loans that could provide the
funds you need quickly to help you get by. These types of loans allow even people with
bad credit or no credit to get the money they need.

2. If you are in need of payday loans we are here to help with that too. We work with many
lenders and can help you to find fast cash when you need it.
How a No Credit Check Loan Works
There is no such thing as no credit check loans, but don’t let this prevent you from
applying.
To be clear, this is a term that has evolved from somewhere which has no truth to it
since practically all lenders check the risk of loaning money to someone. As a lender, it
only makes sense that you would prefer someone borrowing money from you will
probably pay it back, preferably on the due date.
While some are using credit scores to determine whether or not you can pay back your
loan, some lenders that will check other things, like your pay check and employment, to
figure out you are loan worthy for consideration. As the method used by lenders is
confidential and proprietary, it is impossible to assure they are not using a hard credit
check when assessing your application. At the same time, there are other lenders that
might accept your application if you meet the minimum requirements, and a poor credit
rating might not be an issue.
Some metrics that lenders refer to may be good indicators of current financial habits
and trustworthiness, sometimes even better than an often out of date credit score. After
checking these metrics, many lenders are generally able to decide on your loan
application much more quickly than with traditional credit check loans.
No Credit Check Loans Direct Lenders
There are many advantages to taking out an unsecured short term loan with no credit
check from direct lenders. Even though no credit check from direct lenders is a myth,
since all lenders review and check applications, many still look for such an option.

3. Your credit score may not directly impact the lenders decision to lend you the money
you need. Though this may not hold true as the direct lenders we work with all have
varying ways of determining the eligibility of the borrower for being approved for a loan.
Another benefit of such loans is that some lenders can directly deposit your funds into
your bank account after approval.
The fast decision process when applying through Personal Money Network means that
such loans could be a valid financial option when you need a quick injection of money to
make rent, afford school, or take care of emergency expenses. Where we work with
multiple direct lenders, we place your application in front of as many lenders as
possible, therefore increasing your chances of receiving an instant decision of possibly
being approved.
Many of the lenders we work with don’t usually require you to fax anything, although it’s
ultimately up to the them. Most processes or loan applications are finished online, and
the process also add to the overall speed of the loan’s return to the lender and lets you
get back to your life sooner rather than later.
How Your Credit Can Hurt You?
Bad credit can be a shadow that follows your financial efforts for many years. It doesn’t
even take much to end up with bad credit; only a few poor choices or moments of bad
luck can lead any responsible individual to credit score ruin. Bad credit leads to a cycle
of bad financial health since people with bad credit often have to take out loans that
aren’t optimal for their situation. This can lead to further damaging your credit score
when individuals can’t pay back their loan(s) on time. During times like these, bad credit
loans could be an option to provide assistance when used properly.
How to Get a No Credit Check Loan?
Once again, the no credit check loan is a myth, and there’s no such thing.
Practically every lender checks an applicants credit, one way or another.

4. But to get started, even with poor credit, the best way to find out whether you qualify is
to complete the online loan application and submit.
While the is no guaranteed approval, the best way to find out whether a lender is
interested in approving your loan request is to apply.
To get started on the loan application, there are no lengthy forms to fill out and some
minimum requirements usually include the following:
● valid identification such as a driver’s license or state ID
● a checking account that is in good standing
● your phone number and email address
● proof of consistent income and employment
● being at least 18 years of age or older, and a resident of the United States.
As you can see, all of this information is much easier to collect and doesn’t require you
to wait for several days before hearing a response from lenders.
Once your application has been submitted, if accepted, a lender may get in touch with
you shortly after you fill out the form for additional information.
A checking account in good standing is essential to provide a way for the lender to get
the money you need in your hands as soon as possible.
The information on your paystub from your employer is one of the ways lenders check
your ability to pay back the loan promptly. Paycheck history can replace the hard credit
check for some lenders, and can be much more indicative of recent financial behavior.
These kinds of metrics can be valuable if you have made lifestyle changes and become
more adept at handling your finances even if your credit score does not yet reflect this
evolution.

5. The industry-specific credit reporting is necessary as a metric for loan acceptance as
well. This credit reporting can be improved by ensuring that your payments are made on
time and that you are not delinquent on any type of loan(s). Often, people can have
excellent industry-specific credit while having a bad overall credit score due to past
decisions or mistakes.
In addition, you need a working email address and telephone number when filling out
the application form through Personal Money Network, and should you receive an
approval, the direct lenders we work who will approve your loan, will contact you to
discuss your options.
As you can see, the requirements for a so-called no credit check loan through Personal
Money Network and lenders we work with are much more achievable than the rigorous
requirements needed by traditional hard credit check loans. The system is designed to
place your application before multiple lenders to potentially increase your chances of
being approved for the money you need, even with a poor credit score.
If you’re in the military and looking for an no credit check loan of this type, there are
regulations that govern the lending of military personnel that are meticulous than when
civilians apply, which makes it more challenging to get approved as there are a much
smaller amount of lenders that extend loans to military personnel. It isn’t to say it’s not
an option, but the chances for being receiving an approved can vary depending on your
circumstance.
How Much Does a Bad Credit Payday Loan Cost?
The cost for a payday loan depends on the type of loan being borrowed and the exact
costs will be determined by the direct lender.
The direct lender will break down the total cost of each type of loan that will be lent that
will best suit your financial needs following an approval . Following a conversation with

6. the direct lender, you can make an educated decision about the kind of loan is right for
you.
By applying through Personal Money Network, we redirect your application to the direct
lenders we work with, therefore increasing your chances of receiving a near instant
response.
How Long Will it take to Get a Loan?
Length of time until you get your money varies depending on the exact type of loan you
have been approved for. But in general, the lenders we work with could provide the
borrower with the funds within a few business days, should the application be accepted.
Most loans are decided upon within a few minutes by the lenders we work with,
although some may take longer. If you’ve been accepted for a loan, the funds are
deposited into the checking account you have specified, which usually takes up to 1 to 2
business days before the money can be withdrawn and used.
Source: Personal Money Network