No Teletrack Payday Loan: An Easy Way To Get Instant Cash
No teletrack payday loan has emerged as a great solution for those, who are in need of some instant cash to meet some urgent financial needs. It is a short-term cash advance that you have to pay back on the next payday, when your monthly salary is credited into your checking account. The great thing about this innovative loan scheme is that, it does not involve any sort of credit checking. You can qualify for this ultimate financial help even if you do not have a good credit score.
Teletrack And Cash Advance
In order to understand the benefits of no teletrack payday loan, it is important for you to understand the concept of Teletrack. A verification process is done in order to check the credit history and checking account of the applicants. The main objective of this process is to find out problems with the applicant's credit history, such as outstanding checks against some existing loans, information regarding bankruptcy filing, etc. However, you will be glad to know that no teletrack no faxing payday loan does not have to do anything with this process. These are very small amount of loans that are granted for a very short period. Usually, the repayment period is not more than a couple of weeks. The only eligibility criteria to qualify for these cash advances include the following.
- You must be at least 18 years old.
- You must be an American citizen.
- You must have an established employment history.
- You must have a checking account in your name.
There are two main features of no teletrack payday loan. First, your credit history is not checked, and second, you do not even need to fax many documents in order to apply for the same. That is the reason why these financing options are also sometimes referred to as no teletrack no fax payday loan.
It is very easy to apply for instant cash advances. All you have to do is, fill out a simple application form, providing details regarding your personal data, information regarding your employment, and your bank account details.
Some lenders have made it mandatory for you to be in your current employment for the last six months at least. Some of them have also fixed the minimum amount of monthly income to one thousand dollar. Therefore, before you apply for a no teletrack payday loan, make sure you have read the terms and conditions thoroughly.