Finding yourself in a helpless and cash trap situation is never a pleasant picture. No matter how much you try to stay organized in terms of budget, mother nature always has extra unpleasant surprises. Your car might suddenly break down, or you have unexpected medical bills. The fastest solution will be the 1 hour payday loans no credit check.
In general, payday loans should always be your last resort because they are very expensive in terms of interest rates. Most payday lenders will give you a high-interest loan which you have to repay on your next paycheck. If you have poor credit or no credit at all, you will be subjected to extremely high interest rates.
But what does 1 hour payday loans with no credit check mean?
1hour payday loans are short-term loans you can borrow from a lender with repayment in two to three weeks. After applying for this fast loan, you could get the cash in straight away or in your account within an hour. As long as you meet the essential requirement of a steady monthly income, your application won’t undergo any credit checks.
Is it possible to get 1 hour payday loans with no credit check?
Most of the fastest approved loans are usually within 24 hours. Lenders take this long to check your credit history and other requirements before lending you money. Almost every lender wants to minimize the risks of lending money to anyone, especially those with bad credit.
But there are a handful of lenders who will approve your payday loans application and fund you within an hour without a credit check. So long as you meet the basic requirements. I know by now you are asking yourself the question, “what do I need to get approved?” Let’s see the basic requirements needed to get a payday loan within an hour without a credit check.
Things You need to fulfill for approval.
No-credit-check doesn’t mean you can stroll into the lender’s facility or apply online and receive a loan. Like other loan offers, this one has its requirements you must fulfill to get that instant approval. Below are the things you need to make sure are intact before applying for this loan.
- You must be 18 years or older
- Legal US resident or citizen
- Have a steady monthly income of at least $1000. The more you have, the more likely to get approved.
- You should have an active checking account where the lender will send the cash immediately after you get approved.
- Last but not least, you should have a working phone number and email.
Although the above requirements are essential, you could be demanded more or less depending on your current state law. Your lender might ask you other questions. Just make sure you answer those questions to get your cash deposited in your account quickly.
How do you apply for 1 hour payday loans without a credit check?
Once you meet the essential requirements we previously talked about, follow these steps in applying for this loan. There are two ways you can apply. Let’s see what you have to do with each method.
Method 1: At The Lender’s Physical Location
It is better to drive or walk to a payday loan lender in your area if you have the means to do so. This way, you only get to meet the lender face to face and negotiate the terms in your favor. But before going to the lender’s location, make sure you have the originals and copies of the following documents ready;
- Your Government Issued Identification (ID, Passport, or Drivers License)
- Three months bank statement or payslip to confirm your monthly income
- Your employment contract (not needed if you receive any benefit)
Submit these documents together with your application. Once the lender checks the copies and originals, you will get back the originals and your loan approval confirmation. The lender will need your checking account information to transfer the amount. You could even ask them to give you cash.
Method 2: Apply Online
The easiest and fastest way to get 1 hour payday loans with no credit check is online. Yes, you can quickly get the money in your account within an hour. Applying online will save you time and fuel costs than if you drive to the lender’s location.
All you need are just the electronic copies of your bank statement/payslip, your identification document, and your employment contract if necessary. In the online application, you will have to upload these documents. The lender can quickly approve the loan and transfer the funds to your bank account.
How much should you borrow for payday loans without a credit check?
Although I don’t know your current situation, I think you shouldn’t borrow more than $1000 for this type of loan. Payday loans without any credit check as extremely expensive, especially if you can get the loan within one hour. The APR( Annual Percentage Rate ) of this type of loan is from 400% and above.
If you need more than $1000, you should consider payday installment loans instead. With payday installments loans, you repay the loan in installments instead of all at once. This way, you are less likely to default on the loan repayment.
Remember, late payments of no payment will significantly destroy your credit score. So do your due diligence on your monthly expenses before taking out a payday loan.
Where to find 1-hour payday loans with no credit check?
Although it isn’t easy to find good payday loan lenders who won’t check your credit, there are still a few reliable ones out there. We can send you reliable loan offers with faster approval based on your requested amount to make things easier for you.
Just tell us the amount you need by submitting the form below, and you will receive better interest rate offers within minutes.
Form Here
Top 3 Alternatives To 1-hour payday loans with no credit check
Like I mentioned before, payday loans should be your last resort. You should only apply for these loans if you have exhausted all other means of getting the cash you need. Here are the alternatives you need to explore before getting a payday loan.
1. Borrow from a friend or relative:
This option is by far the best alternative to 1 hour payday loans without a credit check. The loan you get from your friend or family member comes without interest rates. You can explain your situation to a friend or family member over the phone and receive the amount you need within minutes.
Although some family members or friends could charge you extra as interest on the loan, it is still the best alternative. The interest rate is never more than 10%. Depending on your relationship with this friend or family member, you could even get the loan without interest.
2. Borrow from a Credit Union:
If you have an existing membership in a credit union, you can instantly take out a loan. You will get a more favorable interest rate, usually not more than 28%. Being a member means your credit union is less likely to check your credit score. Although credit unions might report late payments at the credit bureaus, they are still better than payday loans.
3. Request from your boss:
Another great alternative to no-credit-check payday loans is getting an upfront payment from your employer. Although this option might not be as fast as you want, it is still better than payday loans. You don’t have to pay any interest, and the loan will be automatically deducted from your next paycheck.
Bottom-Line:
You should best know your situation and what’s best for you. Just remember that payday loans are expensive, especially the ones you can get within an hour and require no credit check.
