Payday Loans With No Credit Check – Fast Cash From $300 To $10,000

If you have bad credit and you need money to cover your cash shortfall, the first thing that comes to mind is no credit check loans. But you may have another option. Perfect Payday is a lender finder service that may be able to pair you with a lender that offers bad credit loans from $300 to $10,000. However, we cannot provide you an assurance that your credit provider you’re matched with will offer a no credit check loan.

No Credit Check Payday Loans

Perfect Payday cannot guarantee that your lender will not perform a credit check. Each lender is a company on their own and whether or not they conduct a credit check will depend on their assessment policy. Therefore, Perfect Payday don’t have any control over the assessment of loan applications.

Do you have poor credit history? Why don’t you consider using Perfect Payday’s lender-finder service?

what are no credit check loans?

What you need to know about no credit check loans?

Lenders offer these small loans without conducting a credit check. To be more specific:

  • Lenders won’t check your credit history
  • Your loan details will be added to your credit file
  • Lenders will check your bank statements with the last 3 months

Borrowers who have subpar credit scores often turn to short term loans. Traditional lenders, which always conduct credit checks, often decline the loan applications of borrowers who have a poor credit history.

Even if that’s the case, there are other easy loans out there. You may still apply for a bad credit loan. However, if you choose to submit an application with us, please remember that Perfect Payday cannot guarantee that the lender you’re paired with won’t conduct a credit check.

What happens when I apply for a no credit check loans?

If you apply for no credit check loans, here are a few things you need to know:

  1. The lender won’t check on your credit report. As its name suggests, the lender that offers this type of credit won’t request access to your credit history.
  2. The details of your loan will still be added to your credit file. Also, even if your lender didn’t request to access your credit file, it will still inform the credit bureau about your loan application. Whether you’re approved or not, the loan details will be recorded on your credit file.
  3. Lenders will check your banking history. To be more specific, they would check your records over the last three months to determine if you can afford the loan or not. This will also help your lender evaluate your current financial status.
  4. You must have a regular income. It’s not enough for you to say that you have a source of income. You need to provide proof, which could be through employment or through regular Centrelink benefits.

You may be able to get the fast cash you need the same day you submitted your application; but this would depend on the lender you’re paired with.

fast cash no credit check loans from Perfect Payday

Where can I find fast no credit check loans?

Applying for this micro loan doesn’t cost a thing, either during application or once the application is approved. Not only that, you may be paired with a lender in just 60 minutes. Whether you borrow $300 or $10,000, it’s the lender’s decision to check your credit history or not.

Generally speaking, Perfect Payday can’t give you a 100% guarantee whether a credit check will be performed or not. Despite that, the lenders we work with will not just base their decision on your credit history but also consider how you deal with money these days.

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Is it safe to take out no credit check loans?

There are countless credit options available to consumers. A few loan products you’ll find are payday loans and personal loans. You should also know that these loans are offered not only be reputable lenders but also by those with a shady background.

With Perfect Payday, you no longer have to sift through all the options provided by different credit providers. We’ve made the process of finding a lender easier and more convenient. We’ll pair you with one that’s known for its reputable lending practices.

Just remember that it’s up to the lenders whether to conduct a credit check or not. Even if they do, other factors will be taken into account. So, even if you have a subpar credit record, Perfect Payday may still find you a lender that could look past it and probably offer you a loan.

Can you pair me with lenders that won’t check my credit history?

Lenders these days almost always conduct a credit check. As we mentioned earlier, we cannot guarantee that your credit history won’t be assessed. What we can do, instead, is match you with a lender that may still offer you a loan even if you have a substandard credit history.

Below you’ll find a list of loan products that may not require a credit check. Please be reminded that this serves only as a guide and it’s still the lender’s prerogative whether to perform a credit check or not.

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Payday no credit check loans

No Credit Check Loans may be offered by some credit providers. This option can be quite tempting especially for consumers with poor credit. However, you may still find other options aside from payday lenders in Australia.

One good alternative is a bad credit personal loan. Even though its highly possible that your credit history will be checked, the lender may take other factors into account when evaluating your loan application.

Why Turn To Perfect Payday?

There are several reasons why you should turn to Perfect Payday. The network of lenders that we are associated with are a licensed, legitimate, and reputable. Although they may perform a credit check, these lenders will consider other factors.

Where can I find guaranteed loans for bad credit?

We cannot assure you that you’ll find guaranteed loans for bad credit. In the legal world, a guaranteed approval loan isn’t allowed.

Lenders need to evaluate all of their applicants to make sure that they are suitable to get an advance. Lenders will take into account various factors like bank statements, employment status, and income to determine if the loan you want is suitable for your current financial situation. Therefore, consumers must avoid lenders who promises guaranteed approval.

In case you need an advance but are worried that your poor credit history will prevent you from getting the fast cash you need, you can always apply for a loan that doesn’t come with a credit check. Aside from your credit history, they will consider other factors like your bank statements, employment, and income.

The Perfect Payday Alternative To No Credit Check Loans

If you apply with Perfect Payday, we strive to pair you with credit providers that provide loans for people with bad credit. So, why don’t you consider using Perfect Payday’s lender-finder service if you are looking for a loan that doesn’t require a credit check.

Apart from that, submitting an application on our website is very easy. You can do it in just a few minutes and once you hit apply, we’ll then do our job and try to pair you with a lender. Eliminate the hassle that’s associated with traditional loans and turn to Perfect Payday for easy loans for bad credit.

Where can I find no credit check loans?

First of all, you have to apply for a loan with an online cash lender. You either have to visit their office to fill out their application form. Then, you’ll be asked to submit your payslips, bank statements, and provide proof that you have a source of income. Consumers prefer payday lenders because they can get access to the money they need easily and quickly.

However, short term loans and microloans are the common products offered by payday lenders. Moreover, Perfect Payday can’t assure you that we can pair you with a lender that offers payday loans without a credit check. What we can do for you instead is to match you with reputable and responsible short term lenders. They may still decide to approve your loan application even if you have a bad credit history.

Can I get a loan with no credit check?

If you want to find a lender that provides a loan without a credit check, use the lender finder service of Perfect Payday. These credit providers may even help you improve your bad credit score.

The lenders we work with don’t just consider your credit history but also your current financial status and how you handle your finances.

Perfect Payday understands that people go through unexpected financial troubles at some point. That’s one of the reasons why we’ve associated our self with credit providers that consider other facts aside from your credit history. Even if we cannot guarantee that no credit assessment will be done, we can still do our best to pair you with one that may offer you a cash advance.

Perfect Payday’s network of lenders may offer cash loans ranging between $300 and $10,000. What are you waiting for? Apply now with Perfect Payday and get a no credit check loan.

Where can I use my instant online loan for?

Are you thinking of applying for an online personal loan? Are you wondering if your reason is enough to get credit? Fortunately, you can use online loans in any way you like.

Although the most common reason is to cover emergency expenses, you can also use instant loans for other purposes:

  1. Special occasions – from Thanksgiving to Valentine’s Day, you can use the loan to buy gifts for your special someone.
  2. Events – you can use your loan to purchase tickets to events you want to attend.
  3. Car repairs – have your car repaired or maintained using quick cash loans.
  4. Birthdays – don’t let anything get in the way of getting a gift for your special someone. Use the loan to organize a party or buy a gift for the person you care about.
  5. Sales – perhaps you found something that you wish to buy. If you know you can handle the repayment terms, you can use your credit to purchase the item that you like.

Case Study: John’s Car Breaks Down

John’s car broke down while on his way to the university. As a student, he’s always on a tight budget and that’s why he was so stressed when he found out that he had to spend $300 for the car repair.

He didn’t have that much money as of the moment. He wants to take out a loan but is worried about his poor credit history. He doesn’t think that he’ll be able to secure a loan approval.

John finds out from his friend about a lender-finder service that he used recently. He submitted an application and got paired with a lender. The lender approved John’s application and sent him the cash he needed. He got his car fixed and was thankful to have learned about the lender finder service.

Perfect Payday Loans

Perfect Payday is a lender-finder service and not a credit provider. Although we cannot assure you that your credit history won’t be checked, we’ll try to pair you with a lender that may be able to help.

We are proud of our 100% online business model. Thanks to our system, we’ve managed to simplify the online application process. You can complete the application in just a few minutes and our automated system will do its job once you hit the apply button.

Our lender-finder service is here to help all consumers who find themselves in a temporary cash shortfall. What are you waiting for? Go back to the top of our page and look for the apply now button.

How can I get no credit check loans?

If you are looking for a loan without a credit check, you should find a lender that offers one. You may find these types of credit lenders online. However, you need to be ready because they may not be able to provide you with flexible repayment terms.

You may want to apply with Perfect Payday in case you are worried that your bad credit may affect your chances of getting approved. The network of lenders we work with may be willing to consider other factors other than your credit history.

What does my credit score mean?

Your credit file is analysed in order to determine your credit score. Lenders use it to get an idea of whether you are credit worthy or not.

Depending on the agency you use, your credit score may range between zero to 1000 or zero to 1200. Here’s how lenders evaluate your credit score.

responsible lending laws require all lenders to check credit

Five Credit Bands:

1. Excellent

  • Experian : 800-1,000
  • Equifax : 833-1,200

2. Very good

  • Experian : 700 – 799
  • Equifax : 726 – 832

3. Good

  • Experian : 625 – 699
  • Equifax : 622 – 725

4. Average

  • Experian : 550 – 624
  • Equifax : 510 – 621

5. Below average

  • Experian : 0 – 549
  • Equifax : 0 – 509

Credit score bands refer to the possibility of an adverse event being added to your credit file over the next 12 months. For instance, an excellent credit score means it is highly unlikely that an adverse event will happen in the next 12 months. Meanwhile, an average credit score means that the consumer is likely to face an adverse event.

Adverse events include debt agreements, court judgements, defaults, and more.

What can cause bad credit?

Your credit file and your credit score reflects your history as a borrower. A poor credit score means you have poor borrowing habits. It can be due to various reasons such as:

  • Bankruptcies
  • Debt agreements
  • Defaulted loans
  • Missed repayments

Can I still improve my credit score?

Your credit score represents your borrowing habits. If you’ve been doing bad borrowing practices, then you can expect your credit score to take a hit. But if you are displaying good habits then your credit score will improve over time.

If you want to improve your credit score, here are a few things you need to do:

  • Decrease your credit card limits
  • Consolidate credit cards, personal loans, and other credit products
  • Reduce new loan or credit applications
  • Pay on time
  • Pay bills and rent in a timely manner
  • Pay credit card in full every month

Who can apply with Perfect Payday?

Perfect Payday is a lender-finder service and we are always ready to help Aussie consumers by pairing them with reputable online credit providers. However, before you submit an application, make sure that you meet our basic requirements.

  • 1. You should be at least 18 years old
  • 2. You should be a permanent resident or citizen of Australia
  • 3. You should have received regular income over the past three months
  • 4. You must have an active email address and mobile number

Before you submit an application, make sure that you meet these criteria. In case you don’t, you won’t be able to use our lender-finder service.

What are the details you need to provide when you apply with Perfect Payday?

Perfect Payday’s application process is streamlined and straightforward. You just need to provide some personal details and complete the application in just a few minutes.

Before you lodge an application, be sure that you have these details with you:

  • Email address and mobile number
  • Reason why you’re applying for a loan
  • Internet banking details
  • MyGov information
  • Employment information

By making these details readily accessible, you don’t have to spend too much time looking for them once it’s needed. In case you have any questions about the loan application process, be sure to get in touch with Perfect Payday.

Perfect Payday’s lender-finder service and the alternatives to no credit check loans

Perfect Payday may be able to pair you with a credit provider that offers bad credit emergency loans.Here are three tips you need to follow:

Step 1: Apply Online

Submit a loan application loan online. All you need is a computer or mobile device and an internet connection. Submit an application through our website.

Head over to our loan calculator. Choose the loan product you wish to apply for. Indicate your preferred repayment terms like weekly, fortnightly, or monthly.

Always remember that the costs vary from one lender to another. If you are satisfied with all the information you’ve provided, click the “apply now” button.

Complete the application form, hit submit and let our system do its job.

Step 2: We’ll Get To Work

Once we receive your application, our system will then get to work and try to pair you with an appropriate lender as soon as we can. If you have submitted your application outside business hours then you can expect a response on the next business day. All you need to do is sit back, relax, and wait.

Step 3: Your Lender Will Contact You

If we successfully matched you with a lender, they will evaluate your application and if they can give you an offer, they will get in touch with you.

Keep in mind that every lender has their own assessment policies. If you have any questions, get in touch with your lender right away.

Once these three steps are done, then you’re all set. Now you know where you may find a lender that can offer you bad credit loans. Think about submitting an application on our website.

How can I get a small loan with bad credit through Perfect Payday?

Please remember that Perfect Payday is not a lender but a lender-finder service. So, if you receive an offer, it is going to be from the lender and not us.

If you need fast cash to cover an unexpected cost, why not apply for an unsecured loan of $2,000 and below. You can get a repayment term of 12 months but this will depend on the lender you’re paid with. Additionally, the repayment terms for small loans differ from one lender to another.

Can you tell me what the costs are?

As mentioned earlier, we are a lender-finder service and that means we cannot tell you what the interest rates will be. We work with different lenders and each of them are separate entities and that means they have different ways of determining the interest rates.

The costs of your loan will also be determined by how much you want to borrow. For example, the costs associated with small loans are different from larger loans.

  1. Small personal loans – these are unsecured loans that range between $300 and $2,000
  2. Medium personal loans – these are secured loans that range from $2,001 to $4,600 loans. They are usually repaid between 13 to 24 months.
  3. Large personal loans – these are secured loans that range from $5,000 to $10,000 with repayment terms of between 13 and 24 months.

The costs that you need to pay may include establishment fees and ongoing fees. However, these costs will depend on the loan you want to get and the lender you’re paired with. Apart from that, in case you missed your repayment schedule, then you may be asked to pay a dishonour fee by your lender.

What do I need to do about repayments?

Perfect Payday cannot guarantee what your repayment terms will be. It’s because we are a lender finder service and not a lender. Plus, the credit providers we work with have their own policies and that’s why we cannot speak on their behalf.

But, generally speaking, here are a few things that may be included in your repayment terms.

  • The principal amount of your loan
  • Interest rate
  • Upfront fees, which may include establishment or application fees
  • Ongoing fees, which may include monthly or annual fees
  • Any extra charges that you may incur like dishonour or penalty fees

Keep in mind that lenders may differ in their rates and charges. So, be sure to know what the fees and charges are before you approve your loan contract.

Can I still get a personal loan if I have a 550 credit score?

Yes, you may still get an approval even if your credit score is 550. Perfect Payday cannot give you a 100% assurance that your loan application will be approved. Every credit provider on our network is a separate entity and cannot speak for them. But, a credit score of 550 must not prevent you from securing a loan approval.

Can I apply for a no credit check loan?

Nobody wants to be short on funds. Perhaps it’s a payment deadline or an emergency expense. The situation is made much worse when you toss in a bad credit history. When you find yourself in this kind of situation, you may find yourself looking for quick money loan.

Fortunately, Perfect Payday is here to help. When we receive your application, we’ll do our job and find the appropriate lender that may provide you with the loan you need.

Applying is quick and simple. When we have your application, our system will get to work right away. If you apply during normal hours then you may get an outcome in an hour.

In case a lender approves your loan application, how long you can access your money may vary. Lenders can transfer the cash the same day or the next business day.

What do I need to know about bad credit payday loans?

In case you can secure an approval from traditional lenders, you may want to apply with a bad credit payday lender. These credit providers may offer you small, short term loans of $2,000 and below, especially if you have a bad credit history.

Perfect Payday will try to pair you with a lender that offers payday loans. Personal loans are commonly offered in bigger amounts compared to payday loans and may also offer more flexibility for consumers.

Does Perfect Payday call my employer or perform credit checks?

No, we don’t do that because we are a lender-finder service and we don’t conduct any kind of evaluation. Employment and credit checks are done by the lender that we pair you with. What we can do for you is pair you with a lender that will consider other factors aside from your credit rating. They will take into account your current financial status to evaluate your loan.

Additionally, we cannot tell you whether or not the credit provider that you are paired with will get in touch with your employer. What we can assure you is that the lenders we work with are professional and discreet. Moreover, substandard credit should not discourage you from using Perfect Payday’s lender-finder service. We want to help everyone who need our assistance by finding the appropriate lender for them.

Can Perfect Payday find no credit check loans?

No, we cannot guarantee that the lender you’re paired with won’t conduct a credit check. But, we’ll do our best to match you with a lender that may provide you the loan you require. If you have a bad credit score, we may still be able to pair you with a lender that may be able to help you.

At Perfect Payday, we understand that we all have problems, which could negatively affect your life. Aside from that, we don’t think a poor credit history should prevent you from apply for a loan. So, we try to match you with credit providers that will check not only your credit score when evaluating your application.

In case you have been spending hours trying to find loans no credit check guaranteed Australia or cash loans no credit check online, then Perfect Payday is here to help you. With our automated system, we may be able to pair you with a potential lender that may give you the loan you need.

What about Centrelink customers and cash loans?

At Perfect Payday, we try to find credit providers that can offer the cash loans that our customers on Centrelink need. In case you are receiving Centrelink and you are looking for a personal loan, you might find it difficult to secure a loan approval from a traditional credit provider.

Here at Perfect Payday, the lenders we work with classify Centrelink as a type of regular income. People who get it just have to show that they’ve been receiving money from it over the past three months. So, don’t let the fact that you are getting cash from Centrelink discourage you from applying for a loan. We can still help you by finding a lender that is willing to offer cash loans to consumers who are receiving government benefits.

What if I default on my secured loan?

If you have a habit of failing to make timely payments as stipulated on your loan contract, credit providers may take your assets to cover the money they lost.

Generally speaking, credit providers only do this as their last resort. They start the process of repossession once they have exhausted all the other available avenues.

However, there are certain laws in Australia that protects consumers in case they default on their loans. For instance, lenders can only legally start the repossession process if:

  1. The borrower has failed to make repayments.
  2. The lender has issued a default notice.
  3. The borrower failed to settle the overdue amount, come up with a resolution, or asked to postpone the repossession.

Aside from that, lenders can’t take your assets if they can’t present a court order when you owe less than $10,000 or less than 25% of your loan, whichever is less.

Why Use Perfect Payday’s Lender Finder Service

It’s very easy to use Perfect Payday’s lender-finder service. Aside from convenience, there are other reasons why consumers use our service. If you try it out, you’ll know what we mean.

Listed below are some of the main reasons why consumers use our service:

Easy Application – in case you are short on budget before getting your next paycheque, you should try using Perfect Payday’s lender finding service.

We work with a network of lenders may offer loans ranging from $300 to $10,000.

Always remember that in case you apply outside your normal business hours, we may not be able to match you with a credit provider until the next business day.


Everyone hates needless wait times or having to go through countless steps to apply. Perfect Payday uses an automated online system that works efficiently and quickly.

You just have to provide all the needed information when you apply. After submission, our system will do its job.

No one wants to wait for days on end, so apply now and we’ll strive to give you the outcome as soon as possible.

Stress-Free Application

Gone are the days when you had to fill out piles of documents, making several phone calls, or waiting in long lines; Perfect Payday’s lender-finder service will pair you with a credit provider, which means less stress on your part.

The process involved is so simple that you may complete the application in just a few minutes and you may even get paired with a lender before you know it.

Easy Repayments

If you approved the credit contract offered to you by your lender, then the next step is to discuss the repayments. At Perfect Payday, we will find credit providers that offer easy repayments. If your loan application has been approved, most lenders offer repayment terms wherein a direct debit is set up on your bank account so repayments can be taken out automatically. So, you’ll never have to worry about forgetting to settle your dues.

Secured Data

We understand that you may be concerned about your privacy and data. That’s why we’re working with Comodo and McAfee to make sure that your data are kept secure and private. We know you value your privacy and that’s why we’ll do our best to keep it that way.

Customer Support

We are a lender finder service that is always ready to pair loan applicants with credit providers that may be able to help. We use a 100% online system but we have a live customer support team on standby to address your concerns. In case you have questions, don’t hesitate to get in touch with us.

Just a quick reminder that if you apply outside our normal business hours, our customer support team will get back to you by the next business day.

We Work With Responsible Lenders

All lenders that we work with follow responsible lending practices. Therefore, you will only be offered with loan products that they believe you can afford.

We Value Transparency

Applying for a loan doesn’t have to be a scary experience. The networks we work with are transparent and that means when they give a contract, they will include all the rates, charges, and costs associated with the loan.

Stress-Free Way To Find A Lender

If you need fast cash, Perfect Payday is here to help you find lenders that can offer you the personal loan you need. If you are looking for cash loans or bad credit, loans without a credit check, or fast cash loans, we’ll do all that we can to pair you with a lender that can offer you what you need.

Final Word

Perfect Payday is not a financial adviser and that means we cannot give you any financial recommendation. It’s better to seek expert financial advice to determine how all the information presented on this page can be applied to your personal financial situation.

Aside from that, you should also check out ASIC’s Moneysmart site. You’ll find detailed information on how loans work and other possible options to choose from.

Use the site to learn about other options like debt consolidation loans or payday loans. It will also show you how differences between credit providers have an effect on your loan later on.

What Should I Do If I Can’t Afford Repayment?

There are days when you are meeting your repayment schedules, and there could be times when you find yourself unable to do so.

In case you think you cannot afford an upcoming repayment, talk to your lender immediately. Giving them early notice will make them more understanding of your situation. It’s better if you give them at least 24 hours before the scheduled repayment.

What Is Financial Hardship?

A responsible credit provider should not offer you a contract if they have determined that you cannot afford to pay back the loan. However, your financial situations could change in an instant. You might find yourself unable to make repayments.

Fortunately, someone’s got your back.

If you found yourself in financial trouble, like if you have lost your job or recently got divorced, you may be able to file for a financial hardship. Here’s what you need to know.

  1. Contact your credit provider’s hardship department.
  2. Bring proof like your medical certificate, bank statements, etc.
  3. Lenders will evaluate your claim.
  4. If the credit provider approves your application, you may be offered with adjustment repayment terms or a repayment holiday.

In case your facing financial hardship, feel free to get in touch with a free financial counsellor. They are open Monday to Friday, from 9:30 am to 4pm for all those who are in need of free professional advice. Additionally, a financial counsellor can help you determine the rates, charges, and fees that may have to cover.

Get In Touch With Us

In case you are all set to use Perfect Payday’s lender-finder service, all you need to do is click the “Apply Now” button. Fill out the application now! Whether you have a bad credit or unemployed, you’re welcome to apply for payday loans alternatives online.

If you have questions, don’t hesitate to get in touch with Perfect Payday.

Payday Loans No Credit Check Instant Approval

You’ve probably heard about lenders that promise hassle-free loan processing and approval, including money transfer, within 60 minutes. Are these legitimate loans? Are they safe? Perfect Payday has provided below all the information you need to know about this form of credit.

Disclaimer: Perfect Payday is a lender-finder service and that means we cannot guarantee whether or not the lender you’re paired with will check your credit history or not. It may or may not be a part of their evaluation process. Perfect Payday cannot speak for these lenders nor do we have any say or control over their assessment processes.

What are payday loans with no credit check and offer instant approval?

Payday loans no credit check instant approval may seem like a complicated form of credit but it’s actually quite simple. Here are a few things you need to know.

Payday loans are forms of credit of up $2,000 or less and repaid over a short period of time. Borrowers are expected to pay back the loan between 16 days to one year, depending on the agreement with the lender. These loans can be repaid through direct debit. Another option is to take out the repayment from the borrower’s pay.

Meanwhile, no credit check is a type of loan wherein the credit provider doesn’t perform a credit check as part of their loan application assessment process.

Lastly, instant approval refers to receiving a fast outcome of your application, usually in just a few minutes after applying for a loan. Credit providers with minimal eligibility requirements may offer instant approval loans.

How did payday loans no credit check instant approval start?

Short-term small-amount loans started about 20 years ago. At that time, traditional lending firms like banks and credit unions were cutting back on their short term lending. The cut back has caused a rise in the number of lenders offering small personal loans. That is when payday lenders came into the picture.

The instant lending industry has grown and evolved since its inception. Between 2004 and 2014, the demand for this form of credit has increased by twenty-fold. Furthermore, more than one million Australian consumers have secured a loan for the year 2012 only. During that same year, the fees and interest rates that were charged reached a total of $1 billion.

You might be wondering what caused the increase in the number of consumers entering short-term credit contracts. Experts have provided some reasons, which have been listed below.

  • Income inequality has become more prevalent
  • Full time labor market has been reduced
  • Low income consumers are struggling to secure credit from traditional providers
  • Online lending has become more popular

Complaints about payday loans with no credit check

It’s no longer surprising to know that there’s an ongoing stigma surrounding payday loans. This form of credit is being advertised on TV and all over the internet.

Consumers who are searching for payday lenders are those who need access to funds in order to cover an urgent financial need. Borrowers, especially those who have a bad credit history think that they have no other option.

The common complaints about cash advance lenders are the following:

  • Unreasonably high-interest rates
  • Hidden fees and charges
  • Inflexible repayment terms
  • Targeting loan applicants who have limited financial experience

With all these taken into account, it seems like what’s supposed to be a solution to a short term financial cash shortfall has become the cause for consumers to fall into a debt spiral.

What purpose does no credit check instant approval loans serve?

It’s true that payday loans with no credit check have drawn a lot of criticisms. But the fact remains that they still serve a significant purpose in the credit market.

Not all Australians can access credit. That’s why cash advance lenders exist in order to fill this gap.

For instance, studies have found that several low-income borrowers are unable to access mainstream credit. To make things more complicated, more than half of all the borrowers have a poor credit history.

Payday loans no credit check instant approval receive a lot of criticism, there’s no doubt about it. But this form of credit also has their own advantages. For example, consumers who cannot access credit can consider taking out a payday loan.

What are the problems with guaranteed approval?

Be careful with lenders that offer guaranteed loan approval.

These credit providers are unlikely to perform a thorough assessment as to whether the loan that you want is suitable for your personal financial needs. This practice goes against the responsible lending obligations as detailed in the National Consumer Credit Protection Act 2009.

This act was created to protect Australian consumers from being given loan products that are not suitable for their current financial situation. This act prevents lenders from offering loan products that their borrowers cannot afford to repay.

Credit providers are required to follow responsible lending practices like:

  • Making a thorough assessment of the applicant’s financial situation
  • Verifying the borrower’s financial circumstances
  • Making an initial or final evaluation to determine if the credit contract is suitable for the borrower’s requirements and objectives

It’s safe to say that lenders that offer guaranteed approval are not following the rules for responsible lending. Even lenders with the most minimal lending requirements have to conduct some sort of assessment on every loan application they receive.

Do you want to know more? Check the regulatory guide through ASIC’s website.

I am on Centrelink but want an alternative to payday loans no credit check instant approval

Are you on Centrelink and need access to credit?

It may seem like payday loans no credit check instant approval is your only option. It may seem like this is your only choice especially if you have a bad credit history.

However, you may find other suitable loan options, which are made for consumers who have low income.

Here are some alternatives you should consider.

Centrelink Advance Payment

You should try taking out a Centrelink advance payment if you are receiving Centrelink benefits. If approved, you’ll receive a part of your future benefits in advance and you’ll repay it over 13 instalments, which will be taken out of your future benefits.

This type of loan is not for all recipients of Centrelink. Get in touch with The Department of Human Services to find out if you are eligible.

If you are, then here are the steps to take to apply for Centrelink advance payments online.

  • Go to myGov, sign up, and choose Centrelink
  • Select Apply for Advance
  • Centrelink will determine your eligibility. If you are eligible, choose “Get Started”
  • Follow the steps listed to proceed with the application. All the details you need will be shown on the screen
  • Submit your application
  • You’ll get a receipt once you’ve successfully completed the application

What is NILS or No Interest Loan Scheme?

NILS was created to provide consumers with low-income access to their much-needed credit. It is offered by 178 organisations across 600 locations in Australia. NILS loans are interest-free.

This form of credit can be used to purchase essential goods and services including the following:

  • Furniture and white goods like stoves, washing machines, and fridges
  • Dental and medical services
  • Textbooks, computers, and other education essentials
  • Other items, if needed

If you would like to take out a no-interest loan scheme, you need to have a Pension Card, Health Care Card, or an annual income of less than $45,000.

You also have to:

  • Stay in your current residence for more than three months
  • Show that you are willing and have the capacity to repay your loan

Click here if you wish to find a NILS provider in your local area.

What are the alternatives to payday loans with no credit check?

You’ll find several alternatives to this form of credit.

Did the benefits offered by payday loans no credit check instant approval pique your interest? But, are you also discouraged by their disadvantages?

Why don’t you consider an online personal loan instead?

Compared to small amount lenders, personal loan lenders offer larger loans and more flexible repayment terms.

You’ll find many personal loan lenders online and sorting through all of them can be cumbersome and time-consuming. Fortunately, there’s a way for you to get in touch with the lender that offers the loan you need.

Introducing Perfect Payday

Perfect Payday helps loan applicants by browsing through several loan products as they try to match them with an appropriate lender. But that’s not the best part. It’s the fact that our lender-finder service is absolutely free.

We are an Australian company that is managed by Aussies to help Aussies. We strive to help as many consumers as possible by pairing them with quality lenders. Perfect Payday may be able to match you with a credit provider that may offer you a personal loan.

Whether you need $300 or $10,000, we are here to help. Perfect Payday will do its best to assist you.

What is the easiest loan to get if I have bad credit?

This is one good question that’s not easy to answer.

Each applicant has a unique financial situation, which is why it is difficult to determine what loan is suitable for those with bad credit.

But what Perfect Payday can do is make it easier for you to get access to the credit you need.

We have not only simplified the loan application process but we may also have the outcome of your application within a few minutes after applying. If we’re successful in finding a lender, the credit provider will get in touch with you.

How easy is that?

Can Perfect Payday Find A Lender Offering No Credit Check Loans?

Since Perfect Payday is a lender-finder service, we cannot tell you whether the lender that you are paired with will check your credit history or not.

But what Perfect Payday can tell you for sure is that we are working with a network of lenders that will look at other factors aside from your credit score.

So, even if they perform a credit check, you still have a shot of securing approval. They will assess your current financial situation and how you have been handling your money.

How can lenders do this? Perfect Payday will have access to a read-only copy of your bank statements. We will pass on this information to the credit provider you’re paired with. This will provide the lender with a good picture of your current financial circumstances.

If the lender is able to confirm that you’ve been receiving income over the last 90 days and you’ve been practicing responsible lending, then you still have a chance of securing an approval.

Where can I find fast cash if I have bad credit?

Do you need fast cash? Perfect Payday’s lender-finder service has streamlined and simplified the loan application process.

After you’ve submitted an online form, our 100% online system will go through the different loan products offered by the network of lenders we work with. If we’ve successfully found you a match, the lender you’re paired with will get in touch with you right away.

You’ll be dealing with the credit provider directly. They will evaluate your application. If they like what they see, they’ll send a digital loan application, which you need to approve.

Your credit provider will start the fund transfer once you’ve approved the contract. You may get access to your funds the same day you applied but this will depend on interbank transfer times, as well. It’s also possible that you’ll receive your money on the next business day.

But you need to remember that you have to approve the digital loan contract before your credit provider’s final round of banking. But as measured earlier, the inter-bank transfer times will also play a part in whether you’ll get your money immediately or not.

Can Perfect Payday Help Me?

Consider using Perfect Payday’s lender-finder service in case you are looking for payday loans no credit check instant approval.

Think about getting a personal loan instead of applying for a payday loan to cover a cash shortfall.

Perfect Payday also works with credit providers offering three types of personal loans.

  • Small personal loan – Unsecured loans that range from $300 to $2,000, which need to be repaid within 12 months.
  • Medium personal loan – secured loans that range from $2,100 to $4,600, which need to be repaid between 13 and 24 months.
  • Large personal loans – secured loans that range from $5,000 to $10,000, which need to be repaid between 13 and 24 months.

The credit provider will determine the terms and costs of the loan.

Always remember that small personal loans are unsecured. It means you don’t have to provide an asset as security.

Meanwhile, medium and large personal loans are secured. You can present your boat, caravan, motorbike, or car as security for your loan.

However, you need to keep in mind that you have to be the registered owner of these assets if you wish to attach it as security.

Perfect Payday’s lender-finder service versus payday loans no credit check instant approval

Perfect Payday helps make finding legitimate credit providers easier than taking out a traditional loan.

A lot of consumers have already used our lender-finder service. We will try to help as many as we can including those who are unemployed. But don’t just take our word for it.

Here are a few reasons why countless Australians love to use our free lender-finder service.

Fast Service

We mean it when we say that we work fast.

If you submit an application during normal business hours, we may be able to provide you with an outcome in just a few minutes.

Perfect Payday Works Only With The Best

We work only with licensed and trustworthy lenders that offer top quality loan products.

That means it’s highly unlikely that we’ll be able to pair you with a credit provider that offers guaranteed approval because that means they’re not following responsible lending practices.

We Offer Options

Since we can find lenders offering loans ranging between $300 and $2,000, consumers will have a wider scope of choice. Apart from that, we work with credit providers that offer both unsecured and secured personal loans.

So, regardless of your current financial situation, Perfect Payday will try to help you.

It’s Free!

Perfect Payday’s lender-finder service is free. Whether you’re paired with a lender or not, you under no obligation to pay anything when you use our service.

We’re Flexible

Personal loans can be used for various purposes.

From car repairs, holiday costs, travel expenses, to rental bonds; personal loans can serve different purposes.

Are you ready to meet your credit provider?

Find the loan slider on top of this page if you are ready to apply for a loan.

You can also refer to our FAQs if you need more information.

About the Author

Lucy has over a decade of experience in finance. She is currently the content curator here at Perfect Payday.

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