Many direct lenders provide no track payday loans to help those people suffering from financial crisis. This type of cash advance does not necessarily require a credit score check so that your loan application request would be approved even though you may have a bad credit. If you want to apply for a no teletrack payday loan then do so on the Internet. The money will be deposited directly into your bank account within a day or even sooner.
Teletrack is used as a system to check borrower’s account and credit score. By using this system you can check if there are any outstanding checks against applicant’s account as well as credit history. No track payday loans are by nature short-term and unsecured therefore it’s impossible to borrow much money using this type of loan. Usually its in the range of $ 50 – $1500.
If you’ve got bad credit and still need urgent cash then payday loan is the quickest way to get the cash. No teletrack Payday loans direct lender offers instant payday loans for about 2-3 weeks. The amount of such loan does not exceed $1500. The no track lenders charge more in interest fees as compared to other lenders.
Payday loan lenders using teletrack enter borrower’s name, current address, phone and security numbers in the system to be alerted if the applicant has already applied for a number of payday loans with other lenders, or if the applicant provided incorrect personal information like invalid security number.
That is why many payday loan borrowers prefer using no track payday loans direct lender, if they need fast cash and have not so good credit or even no credit history at all. In this case the no teletrack payday loans allow them to avoid the teletrack system’s security checks. No teletrack payday loans direct lenders provide fast and secure cash up to $1,500 within 24 hours from the time of application, though may charge you more if compared with ordinary payday loan lenders.