Qualifying for a Loan and Checking Account

Although small cash advances and emergency installment loans are simple to apply, there are some general as well as lender specific qualification requirements there. They have been put in place to ensure that legitimate people borrow the money with authentic details. It also makes sure that the repayment is done smoothly so that the lender gets its money back while the borrower gets the benefit of the cash access and keeps a healthy credit after the payment.

Therefore, the age proof of 18, having a job, having an SSN number, contact details are very important. So is having a checking account which is the best gateway to have money in the account directly from the lender on the same day as well as to repay money automatically on the due without facing a penalty. This also makes the transaction secure.

Can You Get a Loan with No Checking Account?

Although it is not advised to borrow money, and lenders are not supposed to fund borrowers without one, you might still be able to take out a payday loan without having a checking account.
There are some financing companies that take a collateral to give you a cash loan if you do not have a checking account, although that could be risky if you do not pay off on due.

There is another way where you can show a good credit history to the lender, and you might get funded even with a savings account. Your income level also needs to be high, though.

Or you can choose the best option, and apply for an installment loan to CashTodayAremica even with a poor credit and low income level with a new checking account which is very easy to create. Once you have the checking account, you can apply online for cash up to $1,000 on the same day and with a 3 months’ term!

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Applying Does NOT Affect Your FICO® Credit Score

We are registered with Utah’s Department of Financial Institution to provide Consumer Credit. If you submit this application via the internet to us, we will receive and process it the same as if you submitted it to us in person thereby making Utah the place of negotiation, execution and performance of all applications and/or agreement. If we approve your application, the funds will be disbursed from our account in Utah. Utah law governing consumer loan agreements may differ from the laws of the state where you reside. Applicant is responsible for complying with all statutory obligations regarding obtaining loans by internet that may exist in their state of residence. This service may or may not be available in your particular state.

CashTodayAmerica does not perform any credit checks through the three major credit bureaus Experian, Equifax or TransUnion. We collect required information regarding debtors’ creditworthiness from a third party source.

Approval time depends on the authenticity and verifiability of your documents. You might be requested to provide further information if required. Note that we do not approve all the loan requests. On the basis of state laws and your repayment ability, the terms and rates may vary. Any loan requested on Friday after 6:00 PM EST will be processed on the next business day which is usually Monday- unless it is a holiday.

Should you have any doubts, please call our customer support at (855) 840-5688, Monday-Friday: 8:00 AM to 7:00 PM (EST) or email to support@cashamericatoday.com.

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