Why should I get my payday loan from Minute Loans?

Online payday loans that advertise no credit checks can be misleading and may be used by some companies trying to gain your business. If you are looking for no credit check loans or bad credit loans, give us an opportunity to connect you to a lender that may be able to help. A number of our customers could have a poor credit history, though some may be approved for payday loan depending on their credit situation. There is no such thing as no credit check or guarantees when it comes to payday loans, although you may have read it elsewhere. We work with many lenders, which can improve your odds of receiving a decision. Whether you need $300 or $500, people with bad credit can use payday loans to help make ends meet.

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we provide a service that aims to quickly connect customers with a lender that offers loans that may work for them

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We’ll connect you with the lender almost immediately so you can get prequalified for free to know what terms to expect.

    Benefits of payday loans

    Here’s why some people turn to payday loans, despite the often negative consequences :
  1. Easy to access : The number one advantage of payday loans is that they’re easy to access. In fact, many cash advance lenders promise access to cash within 24 hours and an immediate lending decision. Some are even available 24 hours a day, 7 days a week and have online applications. Unlike traditional loans, which can take time to apply for, these loan applications can take as little as five minutes.
  2. Fewer requirements than other loans : Traditional lenders usually require a Social Security number, photo ID, proof of income, a credit check and will verify your ability to repay a loan. Unlike traditional personal loans, most “fast cash” loans have fewer requirements to apply.
      Generally, all you need to apply for a payday loan is to :
    • Be at least 18 years of age
    • Have a government-issued ID or Social Security number
    • Have a regular job or other regular source of income
    • Have an active bank account
  3. Don’t check your credit : Unlike traditional loans where you need good credit to be approved, payday loans don’t require a credit history. Since they don’t pull your credit, that also means no hard credit inquiry, which can lower your credit score by several points. Except in rare cases, however, payday loans won’t help build the credit you need to move onto higher quality financial products in the future.
  4. It’s an unsecured loan : Unlike a car title loan, traditional auto loan or mortgage, payday loans are not secured by personal property. This means that if you default (don’t pay), the lender can’t seize your property as a consequence. While not secured, payday lenders often have access to your bank account as a condition of the loan, which is a different type of risk. They can also take other measures, such as sending your debt to collections or taking you to court over outstanding balances.