What's the best thing you can get from no credit check finance? It's the speed! Who would lend you $500 instantly when you need it? Nobody in his right mind would do that, particularly in this time of recession. You even have slimmer chance when you have a bad credit to start with.
Two things the speed and the fact that they don't mind if you messed up your credit records will make you say yes to a no credit check cash advance or a bad credit cash loan. You enter the deal with high hopes that the interest rates are a little lower, but that is not the case. You just have to suck that in.
There are several options for loans for people who are in bad credit. If you're after short term loans you can go for no credit check advances. Just like everything else in this world, there are pros and cons to this settlement. The best thing about this is that it will take merely hours for you to get your much needed cash when you avail of this type of loan. There are no other requirements than a pay slip or any proof that you are working in a company and earning sufficient income. Credit records are not part of it, which is another benefit, plus the extra advantage of being able to regain a good credit record if only you can make good monthly repayments.
The downside to this is that most states have a limit to the amount that they can lend you. You're lucky enough to find a lender who would loan you a thousand dollars. Most states can only provide you a maximum of $500. Another aggravating factor of course is the ceiling high interest rates.
For long term loans, those that have been suffering from bad credit can get secured loans. These loans will be available to those who have properties or assets to use as collateral, lowering the risk factor of the lender. The interest rates you are to pay for this long term loan is slightly lower than those that you pay for unsecured loans which do not include collateral. The unsecured loan lenders can give you as much as $1,500 payable in about two to four weeks. You can also request for a longer repayment period; that is if you are ready to pay for higher interest rates that might reach up to 14%.
Still the best thing about all these no credit check cash advances and cash loans is that you can regain a good credit record with credit bureaus like FICO. You just have to make a decision.
