No Credit Check Loans from Direct Lenders

Not everyone has time to spare when it comes to giving in to the lengthy approval procedures conducted by traditional lenders. As one may already be aware, traditional lenders conduct hard credit checks which can delay approval procedures by quite some time, thus delaying funding. However, if one needs money quickly, going to a traditional lender for help may not be the best idea.

One may then think of applying for a loan with a direct loan lender, most of who do not conduct hard credit checks. However, it is unavoidable to wonder why they don’t conduct credit checks. The answer is that their aim is to offer funding to their borrowers as soon as possible.

The whole purpose of providing funds to their borrowers is to make life easy for them, which is why they avoid conducting lengthy approval procedures in the first place.

Can I Get a No Credit Check Loan for Bad Credit?

As mentioned above, majority direct lenders do not conduct hard credit checks in order to avoid delays in funding. However, they may or may not conduct a soft credit check in order to get a brief idea about your credit score. Either way, they do not majorly rely on one’s credit score since it showcases one’s past financial records and a faulty repayment can be the result of the fault of a borrower or even his previous lender. Therefore, giving the benefit of the doubt, most direct loan lenders offer loans to almost everybody who has a stable monthly income.

Instead, they require their borrowers to have stable monthly incomes which proves them to be eligible candidates for their loans. As long as a borrower has a stable income on a monthly basis, he/she is good to go ahead with a direct lender’s approval process.

That’s why, we can (with a lot of surety) state that majority direct loan lenders do provide funds to borrowers who don’t have the best credit ratings. So yes, if you have a bad or no credit history at all also, you can get funded by a direct lender.

I Have No Credit History, Where Can I Get a Loan From?

A no credit history can mean that one can either be a trusted borrower, or one who fails to repay a loan. In order to avoid the risk factor which comes with the latter, traditional lenders avoid providing funds to most people who have no credit history. But to have a credit history, one has to start somewhere. That’s when direct lenders come into the picture to save the day.

Since direct lenders do not rely on one’s past (credit history) and instead depend on their current financial stability, they offer loans to those with bad or no credit histories as well. Many individuals in the United States, therefore start their borrowing journey with direct lenders. That’s how they can later on apply for traditional loans from banks and other places that offer such loans at lower rates of interest.

Why Apply Online?

The reason why we push you to apply online instead of at a store is because of the following reasons:

• You don’t have to travel all the way to a store.

• Your loan application is accessible 24/7.

• You don’t have to wait in long queues.

• You don’t have to miss out on a day’s work just to get a loan of a few hundred dollars.

• You don’t have to go through any paperwork and can instead apply online itself and attach soft copes of the documents that your lender asks you for.

Why Apply With CapitalPaydayLoan?

We are a trusted online loan lender offering funds of up to $1000 to our borrowers. We do not depend on your credit score in order to fund you and instead rely on your current financial stability. Also, we are accessible 24/7 which helps our borrowers to apply at any given time of the day or week and we offer loans without asking for collateral in return, making it easy for almost everybody to get funded by us. If you choose to apply with us, no hard credit check loans are guaranteed.