Finally, All of Your No Credit Check Line of Credit Questions AnsweredA no credit check line of credit is just one of many loan products you can benefit from when you choose to work with our lenders. We offer a free service connecting you to great lenders who work with people like you every day. They will help you get approved when other lenders turn you down and they offer a variety of products to meet your specific needs. One of those is the no credit check line of credit and if you haven’t applied for one of these before, let us answer all your questions about it.
How Is a No Credit Check Line of Credit Different from a Payday Loan?
In many ways our no credit check line of credit is a lot like a payday loan: Approval relies mostly on your income and job history, not your credit history. For a standard payday loan, you apply, get your cash, spend it, and let your lender withdraw the total amount of money you owe on the due date to make repayment. With this loan, though, you get to draw from the amount for which you were approved, whenever you need the cash.
Why Would I Want a No Credit Check Line of Credit Instead of a Payday Loan?
There is one important reason why some borrowers choose this no credit check line of credit over a standard payday loan, and it’s related to having access to the cash. A payday loan is a one-time, lump sum of cash. With this line of credit you get approved for a certain amount, but you only have to use as much as you need. It’s like the cash is sitting there, waiting for you to use whenever you need it. You don’t have to go through the application process every time you want to use some of the cash; just use it. This is convenient, but it also means that you don’t have to borrow more than you need.
Can I Really Get a No Credit Check Line of Credit with Bad Credit?
Yes, you absolutely can get this loan with a credit score that other lenders would consider “bad.” Our lenders don’t check credit in the usual way. They don’t turn to the three main credit reporting agencies like other lenders do. They have an alternative way to use your credit and your job history and income to get you approved for a no credit check line of credit, despite a lower score.
How Do I Apply for a No Credit Check Line of Credit?
Applying for a no credit check line of credit is really easy. You have a couple of options: use your computer or use a mobile app on one of your devices. All you have to do is complete the one-page application and your lender will do the rest of the leg work. It’s all done virtually and you may need to take a call from your lender to clarify some details, but otherwise your loan process is all online.
How Can I Use a No Credit Check Line of Credit?
The best part of your no credit check line of credit is that you have a source of cash to draw on whenever you need to and you can use that money in any way you want. When you have no cash left and a few days until payday, pull out a little cash; when your account is in danger of being overdrawn, grab some cash; when an unexpected bill comes up, get some cash and get it paid. Applying right now for this line of credit means you could have a ready source of cash, starting tomorrow.
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