Most people are familiar with the three major credit reporting bureaus which are Equifax, Experian and TransUnion. Many payday lenders advertise that they offer no credit check payday loans. They are not using the three major credit reporting bureaus to check your credit. Instead they will check out an application using a product called teletrack.
The three major credit reporting bureaus will keep a track of your credit history and how well you pay your bills. Teletrack keeps a record of your check history and whether not you have ever had a negative checking account balance. Teletrack will also have a record when you bounce a check and will also track bankruptcy information.
Most payday lenders will check an applicant’s teletrack file to determine if they will provide a payday loan to that applicant. However there also lenders willing to take a risk and approve your application for a no teletrack payday loans without doing a credit check and without using teletrack.
No teletrack payday loans can provide a bridge between paychecks if you find yourself short of cash. The requirements for such loans are very simple.
•You must be 18 years of age or older
•You must have worked at the same job for at least the past three months
•You must have a minimum monthly income of $1,000
•You must have an open checking account
•You must be able to provide proof of your address and social security number
The application for no teletrack payday loans is usually done online. You can apply for it at any time of the day or night that is convenient for you. Application is available 24 hours a day 365 days a year. It will only take a few minutes to complete the application and you will get an instant approval in fifteen minutes or less.
The next time you need cash to pay for a financial hardship, apply for no teletrack payday loans.



July 22nd, 2011
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