No Credit Check Loans from Direct Lenders
Loans from direct lenders can get you the funds you need so you can cover expenses quickly. If your credit score is fair or poor, you may be wondering whether you can get a no credit check loan from a direct lender. Let’s dive deeper into how loans from direct lenders work, whether you can get a no credit check loan, and how to get a loan from a direct lender.
How loans from direct lenders work
Loans from direct lenders are fast funds that you can receive directly. When you take out a loan from a direct lender, there’s no middleman. The lender is the one that reviews your application, decides whether to approve you, and distributes the funds. A direct lender differs from a loan broker or marketplace that simply matches you to a lender and loan offer.
Can I get a no credit check loan from direct lenders?
While it may be tough to find loans from direct lenders with no credit check, there are many lenders with more lenient credit score requirements. These lenders will consider factors in addition to your credit score when deciding whether to approve you, such as your employment history and income. They may approve borrowers with all types of credit.
Benefits of getting loans from direct lenders
If you take out a loan from a direct lender, you can enjoy these perks:
No middleman
By working with a direct lender, you cut out the middleman. This means you may save money on the interest rate and fees. The lender may not have to mark up the loan like they might if they were a loan broker or marketplace.
Easy application process
Many direct lenders offer an online application you can complete in just a few minutes from the comfort of your own home. You won’t have to visit an in-person location to apply unless you prefer to.
Quick funding
Since direct lenders often operate online, they tend to offer quick funding. Depending on the lender, you can receive the funds the same day you apply or within 24 hours.
Good credit not needed
There are many direct lenders that approve all types of borrowers, including those with bad credit. This means you can still receive the money you need if your credit score isn’t in great shape.
How to get loans from direct lenders with or without a credit check
To get loans from direct lenders with or without a credit check, follow these steps:
1. Compare direct lenders
Since there are countless direct lenders on the market, explore your options. Compare the interest rates, repayment terms, and fees of each lender you find.
2. Choose a loan
Once you’ve done your research, choose a loan that works for your particular budget and needs. Remember that the cheapest loan isn’t necessarily the right one for you.
3. Fill out and submit an application
Visit the lender’s website and fill out their application. Be prepared to share personal and financial information. You might also need to submit documents, like a government-issued ID and your paystubs. Some lenders will also allow you to apply in person if you wish.
4. Wait for approval
Approval times vary from lender to lender. Your application may get approved instantly, the day you apply, or the next business day. Many lenders will notify you of a decision via email.
5. Receive the funds
Upon approval, you can receive the funds via direct deposit, check, or prepaid card, depending on the lender and what you prefer. You shouldn’t have to wait long, as many direct lenders offer fast funding.
Get a loan from a direct lender today
Advance America is a direct lender that offers a variety of personal loans to all types of borrowers. These include payday loans, installment loans, title loans, and lines of credit. You may apply online and get your money quickly, sometimes the same day you apply or within 24 hours. Better yet, you can still get approved if you have bad credit. Visit Advance America today to learn more about the loans we offer.
