Cash loans no credit check

When you need cash fast but lack the sterling credit history that many traditional lenders demand before approving a short-term loan, what are your options?

You may be tempted to think you are simply “out of options” or have no other recourse but a payday loan. But this is almost certainly not the case. Bonsai Finance can help you find a cash loan with no credit check by going through a simple, upfront process that can be completed in a matter of minutes.

Bad credit can cause you plenty of problems. Even no credit history can cause its own set of problems. If you fall into either category, then you understand that there is a distinct set of financial worries that come your way that many people may not talk about much. Also, it seems like there is not a lot of help out there for people in your position.

Desperation and Defeat Seem to Go Along with Bad Credit

There is nothing like being cash strapped (in need of money) at the same time as having no additional income (money coming in). It is the type of feeling that leaves you both down and depressed as well as desperate. Add to that the fact that you have either poor credit or no credit to speak of and you can only imagine where things could go from there.

Discover Cash Loans for Bad Credit and No Credit

cash loans for bad credit

Say good bye to the desperate feeling that keeps you up at night. Now is the time to discover more about cash loans for bad credit and with no credit. You could benefit from the numerous advantages that can you gain by obtaining one of these cash loans for bad credit or with no credit.

Imagine being able to pay off high interest debt credit cards or loans. Think about the type of new or used car that you could buy with additional funds. Picture yourself taking that long awaited vacation to some exotic escape that you have put off for years. All of that is possible with one of these cash loans for bad credit and those without any credit history to speak of at all.

We understand how easy it is for your credit to be damaged during a “financial rough spot” in your life. In fact, around a third of all U.S. credit scores are “poor” or “bad” for this very reason. And many others lack any significant credit history at all, which also often becomes a barrier to loan approval at a local bank or more “traditional” lending institution.

But payday loans are not always a viable solution, for they may too greatly restrict loan amount, not give you enough time to repay, and charge you higher rates and fees than an online personal loan.

Cash loans open up greater possibilities to those with bad or no credit as they can give you greater flexibility and convenience. Here are some of the benefits we advise on:

  • Bad credit not a problem, and no credit check necessary.
  • Loan amounts can range from $100 to $5,000.
  • Loan terms can range from 6 months to 18 months.
  • Simple, transparent and highly competitive fees.
  • Affordable repayment schedule.
  • Simple and straightforward request forms.
  • Cash is credited to your account upon loan approval.

How Are Cash Loans no credit check Possible?

Many times, those in need of a fast-cash loan assume that a credit check will be run and would quickly disqualify them — so they don’t even apply. That is a big mistake. There are many lenders, in fact, that will accept bad or no credit applicants. And there are very good reasons for that, including these:

  1. Around 30% of all applicants with a significant credit history have poor to bad credit. This is a huge market that lenders simply can’t ignore. There is real competition for these loan customers, just as there is in the prime credit market.
  2. It is common knowledge that many had their credit damaged years ago and for reasons beyond their control. Many people with bad credit are 100% willing to repay their obligations and are now in a position where they will be able to do so.
  3. Like any business, no credit check lenders realize there is money to be made by accepting bad credit borrowers. At Bonsai, we help you find lower rates and fees than most in the industry and treat our clients in a fair, upfront manner. But obviously, the industry exists because it is profitable.

Requirements for Cash Loans Without a Credit Check

There are very few requirements for getting your loan approved. There is certainly no requirement regarding a credit score or any credit check being run. But here are some of the few requirements we do have:

  1. You must be an adult (at least 18 years old).
  2. You must have a regular source of income that we can verify.
  3. You need to have an active U.S.-based bank account.

Advantages to Cash Loans for Bad Credit and No Credit

Some key advantages that come with these types of loans are that you start out with a simple online application process with Bonsai Finance. The process is both simple and straightforward. There is no credit check because approval is based on verifiable income, not personal credit history. Since that is the case, you can clearly see that this is a benefit for those who have not even established credit history as well as those who are trying to recover from financial mistakes and mishaps that have damaged their credit history.

Additional advantages to this type of cash loan include competitive interest rates. Bonsai Finance identifies the preferred loan for your financial situation and your needs when it comes to assisting you in connecting with one of its numerous lenders. It is a personal loan with clear terms and conditions that allow you to make a decision on what to do next with your money going forward.

Do not live in fear or the desperation of a personal financial crisis. There is help available to you today.

7 Benefits of Cash Loans no credit check

We have touched upon some of the important benefits of getting a cash loan with no credit check above, but we can summarize them here for your convenience.

  1. Your chances of approval are much higher with no credit check loans than with traditional bank loans or online loans that do require a credit check.
  2. Avoiding a credit check saves time and helps you get your borrowed cash into your account as soon as possible.
  3. Running a credit check can negatively impact your already damaged credit score, something you obviously want to avoid.
  4. Taking out a short-term personal loan and repaying it with on-time monthly installments can help improve your credit rating.
  5. Short-term online loans get your through a financial trouble spot that could cost you more in bank or late fees on existing items than you will pay in interest on the loan.
  6. Not taking out a loan to get your over a financial hurdle could mean damaging your credit further besides all of the “practical” ramifications.
  7. Get you your cash fast to help you around emergency situations. In many cases, there are few if any other viable options. But short-term cash loans no credit check can solve your immediate problem and set you up with manageable monthly payments till the loan is fully repaid.

When Should You Take Out a Cash Loan?

There are a number of situations in which people commonly opt for an online cash loan that has no credit score or credit check requirement.

Here are a few example scenarios of when a cash loan no credit check needed would make sense:

  • You are in a short-term financial difficulty where your checking account could get overdrawn or you could be temporarily unable to make on-time payments on your car, house, or utilities. You have steady income, so you just need a quick boost to get you over this “financial bump” so you can avoid punishing late fees or repossessions.
  • You need more financing for expenses while at college than you can get via your student loan. You plan to graduate in a semester or two. You just need a little extra cash to get you across the finish line.
  • Your car needs major repairs or you need to quickly buy a new car but lack the cash on hand to do so. You can ride with a friend for a short while but need a functioning vehicle fast in order to avoid losing your job.
  • Your roof is leaking after a severe storm and you need to make an emergency repair but can’t get a bank loan. You don’t posses DIY roof repair skills, and even if you do, you need to buy the materials without delay.

Every situation is unique, but this should give you an idea of when a fast-cash loan might be necessary. But, in reality, you can get approved regardless of the purpose of the loan, so long as you meet the basic requirements (which are quite minimal).

Conclusion

In sum, we can say that cash loans no credit check “make sense” for lender and borrower alike. There is a real need for these kinds of loans and a real market demand that lenders are wise to meet.

The benefits of taking out cash loans no credit check needed are many, both as to solving an immediate problem and as to helping to improve your credit score down the road.

Cash loans no credit check may seem like they are “too good to be true,” but in fact, Bonsai Finance helps you find cash loans no credit check needed to the vast majority of applicants on a regular basis.