If you have bad credit and need cash right away, don’t worry!
Currently, there are many payday insurance programs that do not require a credit check for approval.
If you have bad credit, this can literally be a lifesaver. You are not alone, and these programs help hundreds of thousands of people like you every year. In most cases, all you need to get guaranteed approval are two things. These are the secret weapons! The first is to have a job or a stable source of income. Even if you have a higher income, we all fail to pay once on time. The second is to be paid by direct deposit through your employer. You can live without either in some cases, but I’ll go into both.
Payday lenders generally do not do background checks because they know that if you are employed and will be paid by a certain date, you will have the funds available for repayment. The general idea of a payday insurance is to allow you to use the money already owed to you from your employer.
There are certain times when you need money Immediately Instead of waiting until the first or fifteenth day. Maybe your car broke down and you need it fixed right away, maybe you incurred some unexpected medical expense, or maybe you just found a deal on something you can’t afford to miss. That’s the exact reason they exist, and the fact that they don’t do credit checks is a huge plus.
When searching for a payday insurance program online, be sure that you will not pay any upfront fees for applying. You will never have to pay an application fee for a payday insurance program. I feel that some of the best opportunities for payday insurances lie in programs that work exclusively with independent lenders because they allow you to choose from many lenders that are able to offer you the best and most flexible rates. These types of programs will generally automatically verify your application among their own network of lenders and return approvals within 5 minutes. Most of these programs guarantee that the application is accepted, and they can immediately deposit funds into your bank account once you are approved and choose a lender.
As promised, I will also soon delve into the direct deposit criteria. You can still get a payday insurance right away with most programs even if you don’t use direct deposit, however you may be able to get better fees and more flexibility with lenders if you do. Direct deposit lets your lender know that there will be a certain amount in your bank account at a certain time each month which makes the company much less responsible for lending you. You can greatly improve your odds of approval by using direct deposit. If you don’t currently use direct deposit, ask your employer if it can be changed before the end of the pay period.
Interestingly enough, many payday lenders do not even require that you be employed. Many lenders will view retirement funds, pensions, structured settlements, etc. as a valid stream of fixed income. If you have a special situation like this, be sure to look for lenders that will work with these income streams.
We see? Do not worry! With payday insurances for bad credit, you’ll get your car up and running again in a couple of days, you won’t lose your home or job, and you don’t have to worry about losing that “must get” item!