Be guided and Stay updated!

It is common to get confused but it takes common sense to understand all aspects of lending and borrowing better. Get complete guidance and regular updates with regards to payday loans.
Why Do They Check Your Credit for Payday Loans? ?>

Why Do They Check Your Credit for Payday Loans?

Payday loans are small emergency cash loans that at the maximum give you around $500. Although some direct lenders like EZPaydayCash give you relatively higher amounts up to $1,000. These are unsecured loans, so most financing companies are very careful not to lend money with cash advances to potential loan defaulters. Potential loan defaulters are those who have a bad credit and their income level is low. In order to identify and decline people with bad or even poor credit scores –sometimes also people without a credit history- they perform a hard credit check for payday loans.

Some other times, maybe you also apply through third party loan matching services for an online payday loan. Their job is to verify your creditworthiness and find a suitable lender that wants to fund you. If your credit score is not good, they do not refer you to any lender because they do not want to create a negative impression of their own by not being able to find potentially sincere borrowers. That is why the third party lenders also check your credit rating when you apply for a cash loan.

Is There a Need for Credit Check for A Payday Loan?

As a trusted direct lender, we at EZPaydayCash ask ourselves “is it necessary to check credit for payday loans?”. And we realize that it is not. A payday advance is not a large scale funding like a mortgage or an auto loan. Apart from that, the present income status of the borrower is more important than his/her past behavior with credit.

Since we check your income level and give you a longer term (3 months) accompanied by installment payoff, it is way too easier for you to pay back without getting late. Make sure you have paystub or bank statements with you to prove your income stability (it can be low, no problem). Apply for an online cash advance loan now if you need urgent cash. There is no need for a credit check for a payday loan with us.

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *

Looking for Direct Payday Loans with Bad Credit?

*I have read and understand the Terms and Conditions & Privacy Policy of this loan.

Apply Now  

Applying Does NOT Affect Your Credit Score

Consumer Notice: A payday advance is a small, short-term loan intended to cover a borrower's expenses until the next payday. Payday advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory assistance. Consumers are encouraged to learn more about the risks involved with payday advances, local laws and regulations that may apply to payday advances, possible loan alternatives and recent developments in their state.

Legal Disclaimer: is a legitimate direct lender authorized to lend money to genuine borrowers where the interest rate, term and maximum amount that can be borrowed are solely decided by the company. Without authentic and verifiable information in the application, funding by no means is guaranteed. Upon requirement, the prospective borrower is expected to provide additional document/information- failing which would result in rejection of the loan application. While reviewing loan applications, we typically do not perform credit checks with the three major credit reporting bureaus (Equifax, Experian and TransUnion). However, soft credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained in certain circumstances. You will not be charged any fees to use's service. Learn more by reading our Rates & Fees section. To change your communication preferences for this website or to submit a comment or question you can contact us.

Availability: Residents of some states may not be eligible for a payday advance based upon lender requirements. does not guarantee that completing an inquiry form will result in being offered a loan product with satisfactory terms or rates. It also worth noting that any loan request submitted on Friday after 6:00 PM EST will be processed on the next business day. For inquiries related to our services you may Email us at