Cash loans are a type of short-term funding solution available to consumers who need cash fast. They are specifically aimed at consumers who have difficulty getting loans due to poor credit. So how does a consumer find legit cash loans without a credit check being performed?
A consumer can go online and search for a cash loan provider that does not perform a credit check. This is usually displayed on their website. In fact most lenders do not do a credit check if the borrower has a high enough income to repay the loan comfortably.
There are so many cash loan companies on the internet, that consumers are advised to look for those that are legit before proceeding with their application. A sure way to tell if the lender is legit is if their website is secure. However, if they say their site is secure, do not take their word for it. Consumers must check that their URL contains the "https" not "http", which ensures that the site is a secure site. This means that the site is fully encrypted and your information is secure. Also look for the yellow padlock icon displayed on the bottom of your screen.
A consumer should also carefully read the terms and conditions displayed on the lenders website. These terms should be easy to understand and should fully disclose what information will be needed and why. Lenders that are legit will also have their fees disclosed as well as useful information for borrowers to help them understand how the process works.
A legit lender provides a free quote to a consumer that shows in detail the cash loan transaction with the finance charges and repayment terms. Consumers need to make sure they fully understand how the fees are structured and what the consequences are if the loan is not fully repaid on the due date.