Direct cash loans come with pros and cons, advantages and disadvantages. If you take them to get out of an emergency and pay outstanding bills that otherwise cannot be covered at its due date, then they are useful.
Nevertheless, as they come with high interests, it is preferable to pay them at its due date without a request for payday loans in Colorado rollover or you can also split them into several installment payments at a monthly basis that would affect much less your budget.
There is no credit check done and no employment verification. Suitable for unemployment situations too.
The form you are filling with us is not affecting your credit score as there is no “hard check” performed. It is an application form without credit score evaluation and without Teletrack scrutiny.
Neither the Teletrack database nor the information from credit bureau agencies are being utilized, generally speaking, by payday direct lenders as a means of checking the credit history of the prospective borrower.
Most applicants of direct cash loans would be approved regardless of their credit history, which makes these cash advances an attractive option for borrowers with bad credit. In general lines, as it has to be analyzed case by case, the borrower does not have to worry about the bad credit score being an obstruction toward the solution of the short-term financial difficulties.
Your bad credit score and history will not be an issue. As long as you show proof of a regular income, your past doings cannot necessarily affect your loan application’s outcome.
Any Source Of Income Can Be Suitable For Obtaining Direct Cash Loans
Regular source of income, that can be paychecks, alimony, partner income, unemployment benefits, social security income, pensions, child support, annuities, bank statements where you filtered your incoming payments, workers compensation, trust fund received periodically, installments of structured settlements and veteran’s assistance.