Are these no credit check loans?

No credit check loans have gained huge popularity in the recent years among people with bad credit score and poor credit history who are unable to a get a traditional loan from the banks. A number of people have started to seek for direct payday lenders who claim to perform no credit check.

Unfortunately this statement is not true since each lender performs some sort of background check despite claiming, that no credit checks are done. For some households it is the only way of getting financial aid when you need it the most and bad credit makes it even harder.

thinkGreen can help you find a reliable direct lender who performs a soft credit check or some sort of background check and can give a payday loan even to people with poor credit.

What are the benefits of online personal loans?

Borrowing smaller amounts of cash for a short period allows to pay your bills on time and avoid late payment fines. The following are the benefits of instant approval payday loans online:

• Applying and qualifying for a loan is a simple process and you can get the cash the same day.
• The overall borrowing process is fast and your income decides the maximum amount you can borrow.
• Bad credit is acceptable, which means that the lenders do not do any hard background checks on you.
• There are no restrictions on how and where you can use the borrowed cash you get, it's up to you do decide.
• All your personal and banking information will be completely secure.

How does the borrowing process look like?

The first step is to find a direct payday lender or a broker to apply for a loan. When using a broker like thinkGreen you complete just one application which gets you in front of several different lenders who review your loan request. At thinkGreen you can easily fill the loan application form online.

At this point some lenders might require additional information about your income source or proof of identity. If you meet all lender's criteria, you will get an loan offer with all terms and fees.

In case you are fine with lender's offer, you can accept it and complete all the formalities.

After that you should get the money deposited to your checking account. Do not forget to repay the loan with all fees on time to avoid any penalties.

What are the risks related to personal payday loans?

Any emergency medical needs or unexpected expenses can be covered with online payday loans if no other sources of quick cash are available. But keep in mind that this is not the right option for everyone.

If you have doubts that you can pay out the full loan amount with accumulated interest on time, then you should stay away from cash advance lenders to avoid even deeper debt and more financial problems.

Also, you should not be taking a payday loan to clear your existing debts as this can put you into deeper financial crisis. In such cases we recommend to find a financial advisor or get the required cash elsewhere, like: lending from family and friends, doing short-term works like Uber or selling things on eBay.

Before taking a loan please make sure that you have read the agreement and understand it in full. If you have doubts, then contact the lender for questions or select another direct lender.