For unforeseen bills or temporary special offers of trade, consumers often need a payday loan very quickly. These so-called urgent, lightning or instant payday loans are not offered by all lenders. Most branch and online banks do not provide an immediate-payment payday loan without proof of income. For all other offers consumers always have to be very careful.
The express payday loan is one of the special payday loans and is therefore a bit more expensive
As the name implies, express payday loans are among the special payday loans that are paid quite quickly. Since there is no fixed name for this payday loan, many lenders also call it lightning, fast or instant payday loans. For this fast payout, higher costs are due everywhere. These fees are usually reflected in the annual percentage rates. For some providers, this payday loan is also available without information. Except for the faster payout, this payday loan option is a normal installment payday loan. The express payday loan can be applied for free and earmarked. Since lenders always hedge against a payday loan default, an urgent payday loan with no proof of income is not available.
Urgent payday loans are mostly offered by credit agencies on the internet
Urgent payday loans are mainly offered by credit agencies on the Internet. Credit agencies are financial service providers who have a license. This authorization enables the provision of financial services to private individuals. The payday loans offered often come from foreign banks. But even reputable credit agencies do not offer an urgent payday loan without proof of income, as there is an increased risk of default, especially for special payday loans. Particularly important is the seriousness of the credit brokerage.
A serious credit intermediation differs by various features of dubious lenders. For example, the reputable financial service providers do not have to pay any advance costs before a payday loan transaction has taken place. The application forms for the payday loan do not require any fees. The offered insurance policies, contracts or capital-efficient services are not used to secure the payday loan and never accelerate the payouts. The website of a reputable company is always equipped with a complete imprint. This imprint also contains several contact details. Although these financial service providers do not offer instant payment without proof of income, they should be considered when applying for these items.
An urgent payday loan is now almost exclusively requested online
With the Google search on the Internet, numerous providers can locate, offering an emergency payday loan with immediate payment. Once the seriousness of the referral has been verified, the payday loan seeker can complete his claim online immediately. If an express credit with is requested, an information will be obtained immediately. This determines the creditworthiness of the borrower. If the credit broker provides the scoring, the payday loan can be applied for immediately. The payday loan application will be printed out and sent to the lender as soon as possible with the required payday loan documents. The company reviews the submitted documents and initiates the payment of the urgent payday loan if the decision is positive.
The procedure for a debt-free payday loan looks similar. Since no information is obtained, the applicant’s creditworthiness must be determined by other means. In almost all cases, this goes beyond the income of the person seeking credit. An urgent payday loan with immediate payment without proof of income is therefore not available. The applicant must send in the completed payday loan application the current salary statements and often also the associated account statements. Some lenders also require a copy of the employment contract. Only if all credit requirements are met is a payday loan possible.
Immediate disbursement payday loans are available from microcredit and mini-credit providers
A relatively new type of payday loan is mini or microcredit. Since these payday loans are usually offered under 1,000 euros, they are ideal for settling unexpected bills or back payments. The amount of the payday loan is intentionally set so low, because the providers under 1,000 euros do not require a banking license. An emergency payday loan with immediate payment without proof of income is also not available at these lenders. Often, however, borrowers are admitted with slight negative features . The examination of the credit documents and the legitimacy of the applicant are carried out using the Video-Ident procedure. In any case, an applicant will need a webcam for this procedure
An urgent payday loan with no proof of income is not available from any lender
Although lender-to-lender credit requirements often vary widely, the creditworthiness of an applicant is very important. No bank or credit bureau will ever lend without checking the borrower in any way. An emergency payday loan with immediate payment without proof of income is therefore also offered by any lender .