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Payday Loans with No Teletrack

During emergencies, when cash is required instantly, applying for no teletrack payday loan is an option to consider. Payday loans are short-term, small amount cash advances, amounting to a maximum of $1500. The maximum time period for which the loan can be given is up to twenty days. Normally, a no teletrack payday loan is given for one or two weeks. But what is a teletrack?

Have you ever heard of good and bad credit? Good credit would mean that a consumer pays his credit on time. Logically, a bad credit would mean that the borrower had a time when he failed to pay off his loans. So a teletrack report would only mean your credit history being checked.

Payday Loans that are approved without the use of Teletrack check are synonymous with payday loans for bad credit. Your loans can be approved even if you have had a history of not being able to fulfill your previous payment terms. Nice, right? Of course, this kind of offer is a temptation when you need cash badly. Lenders are businessmen after all. Why will lenders approve applications for cash advances from borrowers with bad credit? It’s because they can afford the risk to do so. I say they can afford because they charge high interest rates plus additional service charges that you can only think of. In the end, the consumers always lose. Some individuals I’ve known ended up homeless because of payday loans.

Searching for cash advances with no teletrack, often means that you want to apply for another loan to pay off your first loan. If this is correct, let me tell you that what you are about to do is a financial suicide. There is a saying that goes, “You cannot make your mistakes right by another mistake.” This quote runs true with payday loans. Calculate how much you will be adding up to your pile of debts! Say, now you have the principal amount you borrowed plus the interest rate that you need to pay to your lender. Because of certain circumstances, you won’t be able to pay it on time so you decide to take in another loan. Let P represent the principal amount and R the interest rate from your first loan. So you owe PR to lending company A. Now, let S be the interest rate from your second loan. In the end, you will have a debt worth PRS, meaning you will have tripled your loan! This is not mentioning how much the interest rates really are. Some cash advance companies charge 300% for the principal amount of loan applied for.

You may have had a bad experience with a previous lending company which yield you a bad credit score. Fortunately, you were still able to repay your debts, although your record will show that you have not paid your credit on-time. If you were lucky enough to get out of debt, why would you want to apply for another headache? Haven’t you learned your lesson yet?

Payday loans can be an option in your financial distress but getting out of them is very difficult once you don’t succeed in repaying your debts on a scheduled date. Cash loans should be the last resort solution to take up if you really want to be financially stable.

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NOTICE: PLEASE BORROW RESPONSIBLY. A SHORT TERM LOAN SHOULD BE USED FOR SHORT-TERM FINANCIAL NEEDS ONLY, NOT AS A LONG-TERM FINANCIAL SOLUTION. CUSTOMERS WITH CREDIT DIFFICULTIES SHOULD SEEK CREDIT COUNSELING OR MEET WITH A NONPROFIT FINANCIAL COUNSELING SERVICE IN THEIR COMMUNITY.

Representative APR 391%
Example: You borrow $100 for two weeks. Lender can charge you a $15 fee, which means you will have to repay $115 to the lender at the end of the term. The cost of the $100 loan is a $15 finance charge, which anounts to an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.
Implications of Non-Payment:
Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. None payment of a payday loan might negatively effect your credit history.
Consumer Notice:
A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash 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 help. Consumers are encouraged to consult our Rates and Fees page to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.
Legal Disclaimer:
This website does not constitute an offer or solicitation to lend. We are not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this web site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. Our provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. We are aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. We do not endorse any particular service provider, lender, nor loan product. You are under no obligation to use Our service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, 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 by some service providers or lenders, in certain circumstances. You will not be charged any fees to use our service. Learn more on our Rates & Fees section.
Availability:
Residents of some states may not be eligible for a short term cash loan based upon lender requirements. We do not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.