Bad Credit Cash Advances

“Bad Credit? No Problem!” This advertising slogan is plastered on almost every cash advance site on the web. The reason for this is… its true! That is what makes a payday loan so tempting to hundreds of people. You could put a little additional cash in your pocket and your creditors will never know, except if you default on the loan. Most cash advance lenders will not even pull a credit report. They will consider stable employment history your credit. Technically a cash advance is an “advance” on your next paycheck, eliminating the need for a credit check to verify that you pay your bills on time. You’re obviously already having some type of financial difficulty or you would not be considering this type of short term loan.

The best part of getting a cash advance with no credit bureau check is you will not be punished for having money troubles. Meaning the same two people applying for the same loan amount will be charged the same rate regardless of their credit history. We have all heard in one point of our life “if your credit score was higher we could offer you a lower rate on your loan”. Those words will never be spoken when applying for an advance in your pay; a cash advance is meant for emergency money requirements — not long term loan payments.

There can be negative consequences on your credit report if you default with the lender on your cash advance. The loan will be listed as an unrecoverable amount and could stay there for seven years. Always be smart about your finances when you apply for a cash advance. Only borrow what you absolutely need and leave a cushion for your daily expenses on the week your loan becomes due. Many people are already facing dire straights when applying for an advance. You shouldn’t get caught up in the ease of getting the loan. You must be conscientious about your budget and do your best to make it work without the use of a cash advance.

Many hard working good people in this world have bad things happen to them. That much is understood in the short term lending business. A good person can have bad credit and still have the need for a loan to help them pay an overdue electricity bill. That is why short term lending companies offer you a quick and easy cash advance with no credit bureau checks. In return for that convenience, you agree to pay the loan on your next specified payday. It’s really that simple if you borrow only what you can afford to payback.