Many people cannot afford to seek for traditional bank loans given the lengthy process of credit checking prevalent there. Though credit checking is important for the banks or the conventional lending institutions to assure a safe repayment from the loan seeker, it becomes a problem for those with poor credit records and also when you need the loan on emergency.
But fortunately, today you have the convenience of getting a cash loan without credit check. These are called payday loans which are available within 24 hours of loan application provide you meet the basic requirements. These are short term loans and there is no credit checking involved here which implies that people bad records can secure the loan as well.
The absence of credit checking actually helps in reducing the time for loan approval getting you the loan within a day only. However, these payday loans come with higher interest rates.