Data security is one of the top priorities for all lenders, so it is necessary to protect their financial and personal information. All legitimate lenders or referral partners have “HTTPS:” in their online URL. The ‘s’ stands for secure. This means the website is using encryption technology to scramble and mask all personal information. It makes the site safe to use. Reputable lending institutions take their responsibility to secure your data very seriously.
If you find yourself in this situation, some alternative lenders will work with you in a time of need. Referral networks like CashinaMoment have many direct lenders who will lend to poor or bad credit and file for bankruptcy.
If you are still working, even at a part-time job, be sure to include this information on your loan request. It will likely increase your chances of approval. Also, omitting this information may be seen as a red flag by lenders for not completing your loan request honestly. Misinformation or leaving information out of your loan form will act as an automatic disqualifier.
If you have poor or bad credit, do not be discouraged. More than 50% of all approved payday loans are for people with poor or bad credit. Why? Because lenders know that online payday loans are likely the only way this underserved part of the community can get money when they need it the most.
Cash advance loans can be auto title loans, payday loans, or even credit card advances. Most people with emergency expenses or temporary cash shortages will opt for a payday loan. As noted below, auto title loans are not legal in most states, and anyone considering a cash advance loan has probably already exhausted all limits on their credit card(s).
Payday lenders do not run hard credit checks when you apply, so your loan does not affect your credit scores either positively or negatively. These loans do not show up on your credit reports even if you have accepted a loan. Thus, they do not help you build your credit.
