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Payday Loans No Credit CheckThe Bad Credit Process

credit check

Borrowing money from friends and relatives is hard, most of the time you are being rejected. Say goodbye to rejection with our payday loan no credit check.


What are No Credit Check Payday Loans?

A payday loan (also known as a cash advance) is a type of short-term loan where a small amount of money that is used for financial needs only. It comes with a higher interest rate which is based on the applicant’s salary and next payday schedule.


In line with this, payday loan no credit check is where payday lenders do not conduct a credit check on applicants (like you) during the loan application process.


What is a Credit Check?

A credit check (also known as a credit search) represents the creditworthiness of a person. In this process, a payday lender will check an applicant’s personal credit score from the credit bureaus and credit reporting agencies.


With that being said, lenders take a look at the following when conducting credit checks:


  • Bank account
  • Number of credit cards you use
  • Whether or not you have a bad credit score
  • Financial associations (if you have a conjoined bank account, have a mortgage with someone, etc.)


But with no-credit-check payday-loans, you don’t need to worry about having a perfect record of the above mentioned!


What’s a Credit Check for?

Lenders are in this kind of business to make a profit. If they offer loans to clients who don’t have the financial capacity to pay it back, they will lose money. That is why most lenders check the credit score to know if an applicant is creditworthy enough to receive loan approval.


Lending companies and direct lenders who don’t do credit checks (may) evaluate their applicants in a different process. The only catch is, the loans offer to applicants who don’t undergo credit checks come with high rates.


What is a Credit Score?

A personal credit score (also known as identity score and credit rating) is number that reflects the likelihood (and unlikelihood) of a person to repay loans to his lenders back. Having said that, a credit score is based on the following contributing factors:


  • Bank account statement
  • Credit cards statements
  • How much credit you owe and how you are managing to repay it


Who’s in Charge of the Credit Score?

In America, there are numerous companies collecting credit information. This includes the major credit bureaus and credit reporting agencies. With that being said, lenders check the applicants’ credit score through these companies.


But the good news is, not all lenders run credit checks. Some don’t even bother to check the applicant’s credit score at all, such as some of our lenders here on Purple Payday.


Since some lenders we work with don’t run credit checks, you can apply for several loans no credit check (may it be installment loans, payday loans, you name it!). Then you can simply choose from the loans offer to you!


Can I Get a Loan Approval if I have a Bad Credit Score?

The good news is, here on Purple Payday you can get a loan approval even if you have a bad credit score! That is what a no credit check payday loan is all about. We help people get a loan online with no credit check NO MORE!


Friendly Tip: To guarantee that you will get the loans on the same day, you must submit your loan request on Monday – Friday before 5:00 PM GMT-5. Failure to do so, you may expect to receive the loan amounts in your bank account the next business day.


How Much is the Interest Rate for Payday Loans Online Same Day?

Payday loans online same day with no credit check have a higher interest rate. Since the lending risks are high for loans no credit check, so are the rates.


Do I Need to Secure Collateral to get a No Credit Check Loan Approval?

No. Borrowers do not need to secure collateral just to obtain no-credit-check payday-loans. Instead, lenders will verify your proof of employment and income. Thus, if you are able to prove your capacity to repay the loan, you are most likely to get loan approval.


The Benefits of Loans No Credit Check for People with Bad Credit



  • Easy to qualify – Just fill up the loan application form (see above) and wait for the loans offer. Here on Purple Payday, our requirements and qualifications are very basic.
  • Quick loan processing – Here on Purple Payday, our lenders will transfer the cash advance to your bank account on the same or the next business day guaranteed!
  • Fast loan approval – Receive loan approval in just a matter of minutes (despite your credit score) here on Purple Payday!
  • Strictly confidential – We highly assure that all the information submitted to us are protected. In addition to that, all the transactions made on the website are safe just between the borrower and the lender. Provided that, the website of Purple Payday is protected and secured with an SSL Certificate.
  • No credit check guaranteed – The lenders connected to us care more about your financial problems than your credit score. Having said that, bad credit applicants are very much welcome on Purple Payday.
  • Minimal to no paperwork at all – When you choose Purple Payday, the entire loan application process is done online!



The Legal Status of Payday Loans with No Credit Check by State

NOTE: Before you apply for our payday loans online same day, please do check if the state laws in your area allow these financial services.


If the local state laws in your location strictly prohibit the utilization of loans no credit check, please do not apply. We are not liable for the legal measures that you are about to face.

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