- Fast and simple application
- Applying does NOT affect your credit score!
- Bad credit OK
- No credit check
Get No Guarantor Payday Loans for People with Bad Credit with DirectLoanTransfer
Payday loans no guarantor can be an excellent way for people with bad credit to get access to financial help. These are short-term loans accessible to candidates with all sorts of credit scores without the need for a co-signer. The easiest way to get such a loan is with our 100% free services. DirectLoanTransfer is an online loan search engine that helps potential borrowers get in touch with the best lenders in the industry.
Can I Have Payday Loans With No Guarantor With Bad Credit?
Yes, applicants with a bad credit score are perfectly eligible for a payday loan. The lenders in our network focus on various criteria when deciding your eligibility, not just your credit score. These include your monthly income, employment status, bank account standing, etc.
DLT lenders believe that every customer deserves a fair shot at financial help, regardless of their credit score. Hence, you might even find a bad credit loan that's perfect for you.
Can I Have No Guarantor Payday Loans With No Credit Check?
Taking out a no guarantor loan without going through a credit check at DLT is entirely possible—just make sure you're applying for that specific product. This way, you'll be connected to a direct lender that values other criteria, like your income and savings.
If you have poor or bad credit that you're worried will affect your eligibility, you're at the right place. Our no credit check loans are available in all US states where hard credit checks aren't mandatory.
Can I Have Payday Loans With No Guarantor When Unemployed?
Yes, you can quickly get approved for payday loans with no guarantor, even if you're currently unemployed. A stable monthly income is a mandatory requirement for approval; however, you're not limited to a working salary.
You can be eligible for a loan if you receive government benefits, pension, or any alternate form of revenue. Along with your loan application, you need to provide proof of income, such as a recent bank statement or any other official document.
Can I Have No Guarantor Payday Loans With Instant Approval?
Yes, you can get an instant loan without a guarantor! Just ensure you correctly fill out the application and send it in during our office hours. Once we receive your loan request, we will look over it and match you with a trusted payday lender.
The direct lenders in our network are 100% reliable and make sure to get back to you ASAP. If everything is in order, all that's left is to sign the loan agreement.
Are Payday Loans With No Guarantor a Good Choice for Me?
|Easy application process, perfect for emergency expenses.||Might face extra charges.|
|Same day guaranteed loan approval.||Failure to meet loan repayments can result in legal trouble.|
|Bad credit rating is okay.||Relatively high annual percentage rate (APR).|
|Emergency cash is sent directly to your bank account.|
Why DLT Is The Only Choice
|100% free with no hidden fees.||Massive array of reliable and reputable lenders.||Apply online and get a nearly instant response.|
How Do No Guarantor Payday Loans Work?
- Head over to our website and click on the 'Apply' button.
- Fill out our loan application with all the required details.
- Hold while our team looks over your loan request and matches you with the best lender for your needs. Then, we'll present you with a loan offer.
- If you find the loan terms agreeable, it's time to e-sign the loan agreement.
- Once all the documentation is in order, simply wait for the loan funds to hit your bank account.
Payday loans with no guarantor are short-term loans that don't require the borrower to co-sign with another person. Often, lenders request the applicant to have a co-signer on the loan if they have a poor credit score or no credit. If the borrower fails to meet the monthly payments, the debt falls on the guarantor.
With payday loans with no guarantor, you borrow money and make all the payments until the loan is repaid. There's no third party involved in the process. You also bear all the responsibilities in case of you failing to repay everything on time.
These loans come with a relatively high APR. The interest rates on loans with no guarantor depend on the applicant's eligibility. If you have a low credit score, you'll be presented with higher interest rates, as the lender takes a higher risk by lending to you. This makes loans without a guarantor more expensive compared to other cash advances.
The reason behind this is simple—an applicant with a bad credit history is a risk for the lender. If you have a co-signer on loan, the lender knows that the loan will be paid, even if you're not the one to do it. Since you're taking out a payday loan without a guarantor or any other type of collateral, the next logical step for the lender is to compensate with a high interest rate.
At DirectLoanTransfer, it's a top priority to process loan applications ASAP. It can take from a few minutes to a few hours to initially review your application. Once we analyze it, we match you with a lender who'll also need some time to go over your request. Thus, you can expect approval within a few hours.
If we've run into any issues with your application, this can extend the process. So, we kindly ask you to double-check all the information you enter to avoid such instances. Additionally, there are cases where potential borrowers apply outside of our office hours. If you apply after our working hours or on a non-working day, you can expect approval the following business day.
To get a loan with DLT, you must be at least 18 years old, a legal resident of the US, provide a government-issued photo ID, earn a stable monthly income of at least $1,500, have an active checking account to receive the instant cash into, and provide an active phone number and email address so we can contact you.
These are DirectLoanTransfer's eligibility criteria when it comes to approving a payday loan:
- Photo ID and proof of address
- Active checking account
- Proof of income of at least $1,500 a month
- Working phone number and email address
DLT abides by all federal and state regulations regarding cash advance loans. We require our customers to provide us with details so we can process the applications in the most secure and legal way. Each piece of information we ask for serves a specific purpose in the loan approval process and helps everything run smoothly.
Usually, cash advance loans range between $100 and $2,000; however, the actual cash advance amount you're offered is determined by several factors. These can include your monthly income, bank account standing, employment, and whether you have any other active loans at the moment. State lending regulations also limit how much you can borrow depending on where you live.
You will be asked how much you want to borrow during the application process. Depending on your eligibility and state of residence, you'll be matched with the lender closest to you. If your state has strict limits on the personal loan amount, the loan offer might be lower than what you hoped for. If you require a larger advance, you should consider installment loans. Such loans typically start at $1,000 and go up to $50,000.
Banks use your credit history to determine whether you're a suitable borrower. By doing a hard check on your credit report, they check your creditworthiness and get an idea of whether you're able to pay the loan back. Hence, you'll notice that most traditional lenders only lend money to customers with a good credit score.
Alternatively, payday lenders consider other factors when approving your loan application, such as your income and employment. They'll probably run a soft credit check, but it doesn't go any further than that. These lenders even offer bad credit loans to applicants with a less-than-desirable score.
Yes, non-guarantor loans require the borrower to have an active bank account. Once you're approved for the loan and sign the agreement, your lender will wire your loan funds directly to your bank account. Depending on your loan agreement, the loan payment might be automatically withdrawn from your bank account on your next payday.
Once the lender has approved your request, they make sure to notify you through the contact information you provided in your application. This will either be via text message or email. In addition to letting you know you've been approved, they’ll present you with the potential loan offer and information about how to proceed.
Remember, getting approved for loans without a guarantor doesn't mean you'll immediately access the funds. You'll need to go over the loan terms with your lender and sign the e-agreement. Once all the documentation is filed correctly, the money will be wired your way.
Getting approved for payday loans no guarantor is much easier compared to a traditional bank loan. A bank advance will likely require a co-signer, defeating the purpose of non-guarantor loans. With DLT, you don’t need any collateral or co-signers. Additionally, the entire process is completely digitized. So, you can get your loan without leaving the comfort of your home.
Besides the top advantages, there’s more to mention. Our lenders work with all types of borrowers. This includes unemployed applicants, those with bad credit or no credit, etc. We even offer specialized loans for bad credit. Banks, on the other hand, usually only tend to applicants with good credit scores and quality borrower profiles.
The best way to find payday loans without a guarantor near you is with the DLT service. We work with a vast network of trustworthy lenders with solid reputations that boast many satisfied customers. Our lenders have high approval rates and fair terms. Our entire service is 100% free, and we can connect you with the best lender within minutes.
Please note that applying through us doesn’t mean guaranteed loan approval. Yet, many customers who meet the minimum qualification criteria end up getting the emergency cash they need.
When it comes to repaying a payday loan, borrowers usually provide the lender access to their bank account. From there, the lender can set up an automatic withdrawal on the due date. This is the most common method, as it requires no extra effort from the borrower, but there are other options if needed.