Ount of Money You Want to Borrow

• Registered With the Better Business Bureau or Online Lenders Alliance: We looked specifically for platforms rated by the BBB or members of the OLA. Both of these organizations are known for weeding out fraudulent companies to protect people against predatory lending.
• User Reviews: We also looked at online user reviews and read through thousands of user opinions. After all, a service is worth nothing if it can’t satisfy the end-user. We only selected services with user reviews above 4.5 stars out of 5.
• Transparency: Most lending services have a lot of hidden terms and conditions that you never know about until you unwittingly breach them. Businesses that are clear and honest with you are rare, but they do exist. We made sure that every business that’s listed here tells you every single condition and requirement of a loan before you accept it.
• Speed: The operative word in emergency loan is emergency, as in you need it ASAP. If you have to wait a couple of weeks to see your money, that’s not an emergency loan. We understand that emergencies can happen with anyone and that delays don’t help. That’s why we only picked services that give you the loan you need within 24 hours of your application.

How to Pick a Lending Service

Finding the right place to borrow money from can be very difficult, especially if you’re facing an emergency and have to do it fast. Luckily, there are some things that you can keep in mind to ensure a sound decision for yourself and pick a good lending service.

The first thing you need to consider when looking for an online lender is the amount of money you want to borrow. If you’re looking for no-credit-check emergency loans due to a bad credit score, it is important to know beforehand that no-credit-check emergency loans usually come with high interest rates and it can be easy to incur extra charges if you are late on a payment. Most online lenders that offer no-credit-check loans require a minimum amount for the loan. The minimum amount can range from $200 to $2,000.

Ask Friends and Family for a Loan

If you require that much payday loan Portsmouth money on an urgent basis and cannot get a loan from a regular lending institution, you should try other ways to get that money before resorting to no-credit-check loan providers.

Try to get the amount of money you require from a relative or friend. If that is not an option for you and you have to get an emergency loan from a no-credit-check loan provider, take your time searching for and choosing the online lender that you want to borrow from.

Get Your Documentation and Records in Order

Most no-credit-loan providers only require to see proof of income and the ability to repay the loan at the set rate and schedule. You should prepare any documents you might need for verification purposes. These include records of your employment history and pay stubs that show a regular income in the recent past. Bank statements can also be required to apply for a no-credit-check loan, so prepare those as well.

Even though you’re applying for a no-credit-check loan, it won’t hurt to include documentation of your credit card debt history. However, you should only include that if you can show a history of regular repayments on your credit card debt.

Decide on a Repayment Schedule and Rate That You Can Realistically Afford

Before you submit an application for a loan to any online lender, take your time going over all the details of the emergency loans being offered by various online providers of no-credit-check loans. A typical loan from such a provider will let you choose a repayment schedule (with payments having to be made on a monthly basis) and you can also choose what the amount of the monthly payment will be. Keep in mind that if you select a low amount for the monthly payment, it can have a higher interest rate than if you choose a larger monthly payment.