When applying for a loan, the future borrower must take into account that he or she will be checked in all information bases that are available for the lender. For starters, a payday loan is a small loan (typically under $2,000) offered by a payday lender. No check credit loans (i.e. hard check) have easy requirements to meet because loan approval will not be based on your credit score. Lenders may have their own internal guidelines and requirements in addition to those set by the USDA’s Rural Development program. Furthermore, knowing your credit score will help you understand what lenders will accept your application and give you the best rate on a bad credit loan. However, on most websites, you will find that they similar to alternative or payday loans.
Payday loans can affect your credi...more