In truth, nobody! That is because they don’t actually exist in the form that people often talk about. All lenders will have to perform some form of credit check before they lend money, this is just the standard procedure for a loan. One of the great things about cash loans is that almost anyone will be able to benefit quite a bit from them, including:
Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
The whole process for getting a cash loan is the same as a no credit cash loan, so you shouldn’t experience any issues. You will first need to fill out and submit a loan application online. This application can be found on the website of the lender you have chosen. This only takes about 15 minutes or so, but you will need to give the lender some detailed personal and financial information. The lender needs to know how much you make with each paycheck and other important details that will help them decide whether or not to approve your application.
There are many different lenders that give out cash loans or general online loans for people with bad credit, so you will need to make a point of looking into some of them before deciding who to borrow from. As stated before you won’t be able to get a true No Credit Cash Loan because all lenders will need to decide if you can repay the money. You don’t want to select just any lender, because you could end up with a very high interest rate. The more time you spend doing this research, the better off you will be. You can also get these loans from traditional financial institutions like banks or credit unions.
Here is a few of the key reasons some people give thinking they need to apply for a no credit cash loan:
In a word, No but at Omacl, we don’t require that you have perfect credit history for our 6 month loans. We believe in giving just about everyone a chance, which is why we try to make it as easy as possible for you to apply. A cash loan can benefit all kinds of people, and we can help you get the money you need quickly. Our team of lending professionals has helped countless individuals to get their loans on time. With a reputation for easy applications, we highly encourage you to fill out an application with us on our website cash loan today.