No Credit Checks with Cash Advances
One way that companies make the process of applying for a cash advance so fast and easy is by not conducting credit checks. When applying for a cash advance you have to wait for the credit check to come through then the company must check if you are eligible for the cash advance. The process of a credit check takes time, though, and when you are in financial trouble, the last thing you have is time. A no credit check policy cuts down the time considerably, and you can get an answer within a couple of days or even 24 hours as some companies promise.
A no credit check policy is a good thing if the cash is needed quickly, but if you have a poor credit history, then you could find yourself in a bit of a problem. If you know that your credit history is poor, then you shouldn’t be applying for a cash advance or even a loan of any sort as this will just lead you into trouble with no real way out of it–a downward spiral of debt is a could be the outcome.
There are people that want to improve their credit rating and are in need of some extra cash also, so a cash advance could be the way to solve both problems. With a cash advance, you get the extra cash that you need, then you pay off the advance and your credit rating receives a nice boost. This is a good way to revive your credit history especially if you know that you can pay off the cash advance.
Using a cash advance company that has a no credit check policy is a good way for people to correct the mistakes they have made with money in the past so they can show the companies that they do want to correct what they have done and that they can be more careful with their money in the future.