Credit check is one of the steps that prevent most people from accessing traditional loans. In addition, the process of application and documentation often takes too much time and can be very frustrating. This makes the traditional loans unsealing for emergencies.
At Payday-king, we put you in touch with a network of lenders who specialize in lending without credit checks. These lenders have been selected to make sure they are trustworthy and safe for our customers.
With this platform, Payday-king makes it easy for you to access loans without the formalities of getting a loan from banks and other traditional financial institutions. The whole process takes place online and can therefore be done in the comfort of your home.
The formal process of access to loans makes it difficult for people to access money when they need it most. Sometimes an emergency occurs in the middle of the month and all you need is a couple of dollars to allow you to move on to the next paycheck.
Other times, the urgency may even affect your productivity, e.g. having the vehicle you use to go to work breaks down. In such cases, formalities such as credit controls lengthen the loan application process, aggravating the urgency.
The Payday-king platform connects borrowers to lenders who do not offer credit verification loans. This type of loan is useful in case of an emergency because it is easy to apply. It also gives people a chance with bad credit scores. The process also takes a short period of time allowing you to access money in good time to take care of the emergency.
If the request is made during the week, you will probably have the amount loaned into your account within 24 hours of approval of the application. For most of our lenders, all you need to be eligible for this loan is to be 18 years old; Proof of American citizenship Proof of your residency in the United States And proof that you were employed for the three months prior to the date of the application.
People with bad credit find it almost impossible to get loans from traditional financial institutions. If you find yourself in such a situation, loans without credit check are just the thing for you. Lenders providing this type of loan on Payday-king only need proof that you earn enough to repay your loan within the specified period regardless of your credit score. In some cases, having a reputable guarantor can help increase the limit you can borrow.
Pawn loans and similar businesses that deal with no credit verification loan require you to provide guarantees before being granted the loan. These traders are also specific about the items that can be used as collateral, usually by preferring jewelry and valuable items.
The loan is often just a fraction of the amount lent and you risk losing it in case of deferred payments. Payday-king lenders only require proof of your income and no other warranty. Thanks to this system, the borrower is protected against exploitation.
Payday-king offers a multitude of lending companies for you, the borrower, to choose from. While all of these companies do not offer credit verification loans, their rates, and terms and conditions differ in one way or another. Once you have asked for a loan, our team will pair you up with a number of lenders who they think will provide the type of loan you are asking for.
This gives the borrower the opportunity to evaluate the lenders and their conditions, allowing them to choose the one that suits them best. Some of the terms offered by our lenders are also flexible and so you can renegotiate the agreement to make sure that the terms best fit your needs.
Our lenders have varied requirements for the different loans they offer. However, some qualifications generally apply to all lenders. They include:
To create a profile on Payday-king, all you need is a device that can access the Internet. Once the profile is created, the matchmaking process with appropriate lenders is also online and subsequent negotiations can be done online. Once you've got the loan, the lender will deposit the amount directly into your account.
Our lenders work with your bank to ensure that the agreed amount is automatically deducted from your account each day of pay until the amount is fully refunded. As the amount of the refund is automatically deducted from the account, the risk of late payment is low. The borrower is therefore protected from the costs he may incur due to a late payment.
Loans without credit checks are relatively easy to apply, get and repay compared to other loans. As such, one can use this type of loan to serve other loans that the borrower may have blocked in reimbursement.
However, this must be done with caution as the rates and interests of loans without credit check are also relatively higher than traditional loans. If prudence is not exercised, you may end up in a debt cycle.
At Payday-king, we place a great deal of emphasis on protecting the privacy of clients and, therefore, protecting your privacy and what is humanly possible. To do this, we only provide personal information to the company you have agreed to borrow from.
No Effect on Credit Score
This company can ask for information about your credit score, but this information will only be visible to you and the lender. By doing this, we make sure that the investigation has no negative effect on your credit score. None of your information can also be used without your permission.
Ideal for emergency cases
We all want to be financially stable in order to meet all our obligations. Unfortunately, most of us earn just enough to support us from one salary to another. Sometimes, emergencies that cannot wait for the next payday will occur and direct cash loans help in such situations.
They are fast
The direct loan application process is much shorter because they do not involve a lot of documentation. For most of our lenders, the whole process is done online and you can have the money in your account within 24 hours after the request.
Bad Credit Does not Hinder Access to Loan
For some reason, you might get a bad credit score that prevents you from borrowing money from traditional financial institutions. No credit check loans helps prevent this by using your current income as the main factor to determine if you can get a loan and the maximum amount.
Loans without credit checks can save you from a financial crisis in case of an emergency. However, we should not try to use them as a means of financial freedom. Instead, they should be used to support you as you venture into more durable projects or improve your credit score to allow you to secure the cheapest traditional loans.
They are better used in an emergency because the rates and interest are relatively higher and, if not used with caution, can be detrimental to the borrower's finances.
To avoid this, make sure: