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Online Loans with No Credit Checks

How Can You Benefit?

Online loans are probably the best possible option for those who find it not so convenient to apply for a loan when they are in dire need of extra finances to help with an emergency situation. Your next paycheck may be far and you may need some additional funding right at this moment. Friends and family may have already helped you and you may not feel comfortable asking them for more. So, in a situation like this you can turn to online loans to save you from the predicament. In fact, a lot of people like these online loans because many of them require no credit check or faxing and are made available immediately. This is an emergency fund that is provided to you but you must be very careful about paying the money back because there may be quite some interest involved.

Why should you seek online loans?

The loans that you can receive online are those that are required in an emergency situation. You may require to settle a certain financial crisis in the next few days itself but you payday may be 15 days far. What will you do in such a case? Payday loans offer a great opportunity when you need to stay afloat financially. Since the facility provided is online you do not have to undergo too much of documentation or paper works and you can easily have access to the money that you need in just a matter of few minutes. Online loans can be applied for anytime and anywhere too. All that you need is an internet connection and a fair idea on how to go about it.

Can you get online loans without a credit check?

There are online loans available withpayday lenders who provide finances without credit checks or without requiring any kind of faxing even. These online loans are provided by those companies who are willing to give you access to some easy cash when you suddenly meet some unexpected expenses like maybe a car repair. Your situation could be any and these online loans are made available for you to meet the financial requirements in those situations.

With online loans like the payday loans you could avoid overdraft fees and also being defaulters on any loan that you may have. You can easily qualify for anything between $100 and $1000 whenever you want. Creditors of such loans do not require any credit checks to be done and neither do they look for any kind of documentations from you. They want you to have access to the finances as soon as possible which is why they have agreed to such an arrangement. Approvals are really fast for such online loans because no credit check or faxing is required from the borrower and hence anyone can get this loan. This is also the reason why such kind of a loan has gained in popularity.

How can you benefit from such online loans?

Such online loans are beneficial especially to those individuals who do not have a good credit score and may not be approved for any other loans as such. Since these loans do not require any documentation or credit checks a lot of individuals who do not have good score can still qualify for a small loan to meet their financial emergencies. These online loans may have their own terms and conditions and you must also take a good look at the interest rates and see if you can afford to pay them back. Payday lenders who provide such loans at short notice insist that individuals with a bad score can apply for such online loans and bring some improvement in their credit score.

Online loans like the no credit check payday loans can be a way of showing the banks that you can still manage your loans. Once you can establish this, you may be considered eligible for further loans from banks and other financial institutions. Such online loans help you in paying off your immediate expenses when you do not have the money and have to wait till your payday. In fact, you can avoid becoming a defaulter in case you have a premium to pay but have not managed to save the money to do so at that time of the month.

Author Bio: Jonny Pean is a financial consultant with He is helping people to manage their current financial problems.

FICO Holiday Survey Findings


According to a recent survey conducted by, almost half of respondents charge an average of $100-$500 more than usual on their credit cards during the holidays, which for some takes up to six months or more to pay off! Nearly 40 percent of these respondents also said that credit card debt was their biggest financial worry going into 2011, so learning to manage already fragile credit, make wise shopping decisions, and be aware of debt will be the key to enjoying a safe and happy holiday season.

Trends in credit card usage:

Maxin’ out: During the holidays, five percent of survey respondents say they spend 75 percent, or more, of their total credit limits.
Charge it!: Nearly 35 percent charge the majority of or ALL of their holiday purchases to their credit cards.
Cash or Credit?: Only 15 percent said they use cash to pay for holiday shopping — while an additional 35 percent stick to using their debit card, only spending what they  have in their account at the time of purchase.


In 2009, nearly 40 percent of respondents said that credit card debt was their biggest financial worry going into 2010. This year, the same number said it continues to be their main concern for 2011. As many Americans still face financial challenges, protecting already fragile credit, making wise shopping decisions, and being aware of debt will be the key to enjoying a safe and happy holiday season.
Bah-hum-budget: More than half confessed they do nothing to prepare for the added bills during the holiday season.

Retail credit cards:

0% off now can mean points taken off your credit score later: Although most people do not apply for in-store credit cards, almost 10 percent are lured into obtaining new retail cards with upfront discounts.
Passing on new credit this holiday season?: 91 percent of respondents will NEVER open a new retail credit card during the holidays. Reasons include: You don’t want to ruin your credit, you don’t need more credit cards and/or you don’t shop all that often.

Economic impact:

Tightening the holiday belt: 75 percent admit they will be changing holiday traditions this year due to the economy.

Credit Smart During the Holidays

As many Americans are facing hard times financially, being “credit smart” this holiday season will be more important than ever. FICO’s Holiday Credit Guru, Shon Dellinger, has several tips consumers should keep in mind this holiday season, including:

  • Paying with plastic: Be wary of hidden pitfalls that could damage your credit this holiday season. Before you open a new line of credit at your favorite retail store, remember that besides having sky high interest rates, opening new lines of credit can hurt your credit score, so make sure the card meets your overall needs and not just your desire for quick savings.
  • Don’t shop till you drop into debt: Everyone wants to get their family and friends the best presents this holiday, but you don’t have to compromise your financial health to do it. Just last year, 28 percent of consumers surveyed told us they had recently had at least one of their credit limits lowered.  Reducing your available credit can lead to higher “credit utilization” and lower FICO credit scores.
  • New Year, new policies: In response to changes brought about by the CARD Act that went into effect earlier this year, many credit card issuers have added annual fees, lowered credit limits, and raised interest rates on their cards.  Be aware that many lenders have tightened the amount of credit they are making available since last season and that not all cards have the generous rewards (miles, points, etc.) programs they once had.
  • Get smart about your credit: Utilize the resources available to keep track of your credit reports and scores: go to or the FICO Forums, where thousands of people have weighed in on every imaginable credit question. You can also download the free iPhone app, answer a short series of questions and get your estimated FICO score range.

Best Credit Card Offers

It's been a long time since I looked at a credit card offer (I simply don't need more than 1-2 cards–nobody does, really), but this site crossed my desk and I thought I'd share it with you.

I mean, if you're looking for a credit card, you may as well get the best one there is.

Best Credit Card Offers

The Mortgage Market Is Rigged Against Borrowers

by Jack Guttentag

Yes, the mortgage market is more rigged against borrowers than ever before. If only PMI had been required on all buyers between 2001 and 2007…what if?

In my last column, I indicated that most mortgage borrowers who need private mortgage insurance are not aware that they have options in the kind of premium plan they select. Almost all are directed into monthly premium plans. Yet for many borrowers, the total cost over the period the borrowers will have the mortgage will be higher on a monthly premium plan than on a single financed-premium plan. In every case, furthermore, the increase in payment will be larger on a monthly premium plan.

A Market Rigged Against Borrowers: Why aren’t borrowers offered the option?

More on Mortgage Market Rigging

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