Introduction
This article looks at the 10 best no-credit-check payday loans with guaranteed approval in 2022. No-credit-check payday loans are among the most popular loans these days. This may be attributed to the availability of these loans to individuals with bad credit. It is estimated that about 16% of Americans have bad credit.
This means that 16% of the population experiences difficulty in acquiring loans with guaranteed approval from traditional financial institutions. Perhaps, it is now evident why small loans with no-credit-check have become commonplace in financial conversations.
It’s one thing to offer no-credit-check payday loans, and it’s another to offer these loans with guaranteed approval. Let’s look at these ten no-credit-check payday loan providers to understand their offerings, pros and cons, and how they differ from traditional financial institutions.
- UnityLoan – offers no-credit-check-payday loans in the thousands to loanees with bad credit
- WeLoans – offers flexible repayment plans for its online payday loans
- iPaydayLoans – offers loanees an opportunity to get loans between $50 – $ 5,000
- USBadCreditLoans – offering no-credit-check payday loans to prospective loanees who mostly have bad credit scores
- FastTitleLoans – An insistence on titles as a form of security by the loan company ensures the difference
- USTitleLoans – exceptionally fast loan disbursement and better customer service
- USInstallmentLoans – offers an extensive list of reputable lenders, and 24-hour service to meet the growing need for no-credit-check payday loans with guaranteed approval
- CocoLoan – offers one of the most seamless application processes in the no-credit-check payday loan industry
- PersonalLoanPro – has one of the largest numbers of partner lenders and a fast loan disbursement process.
- HonestLoans – considers all credit types, makes superfast loan decisions, and has bank-level privacy protection.
1. UnityLoan
One feature that stands out with UnityLoan is the need for a cosigner for prospective loanees with bad credit. UnityLoan offers payday loan online in the thousands to loanees with bad credit, and without a cosigner.
UnityLoan also has very little interest in credit scores. The payday loan company will offer no-credit-check-payday loans with guaranteed approval to borrowers who can show a verifiable repayment method for the loan in question.
Here are some of the pros and cons of UnityLoan
Pros
- Loanees may not require co-signer
- No credit checks
Cons
- High-interest rates on no-credit-check payday loans
2. WeLoans
WeLoans comes up at number two on our list of the ten best no-credit-check payday loans with guaranteed approval in 2022, and for a good reason too.
Among loanees and industry players, WeLoans remains one of the popular no-credit-check payday loans in the U.S, providing a second chance for those unable to access credit facilities from banks and other traditional financial institutions due to deficit credit scores.
WeLoans offers flexible repayment plans for its online payday loans. This way, loanees never have to pay back the total loan sum when the next paycheck comes.
Pros:
- Same-day loan disbursement
- No-credit-check payday loans
Cons:
- Not many flexible repayment options
3. iPaydayLoans
iPaydayLoans comes up at number three on this list of the ten best no-credit-check payday loans with guaranteed approval in 2022. The company offers loanees an opportunity to get loans between $50 – $ 5,000.
To get a chunk of this buck, prospective loanees are expected to fill out an application and provide relevant information about the loan repayment schedule.
This is arguably the most important part of the application as it shows partner lenders the probability of a loanee paying back a loan and the capacity of the loanee at the given time.
These govern the decision of how much a loanee can collect, and the maturity period for the said loan.
Pros
- Up to $5,000 payday loans available to loanees
- Bad credit loans are available
Cons
- A bad credit score may increase interest on loans
4. USBadCreditLoans
A list of the 10 best No-credit-check payday loans would be incomplete without mentioning USBadCreditLoans. The name of the loan company tells all you need to know about it.
Its priority lies in offering no-credit-check payday loans to prospective loanees who mostly have bad credit scores. Loanees with credit scores of 570 and below qualify for USBadCreditLoans as long as they present a verifiable means of loan repayment.
Pros:
- Information is secure and treated as confidential
- Competitive lenders
Cons:
- High-interest rates on some bad credit loans
5. FastTitleLoans
FastTitleLoans differs slightly from most of the other no-credit-check payday loans on this list. An insistence on titles as a form of security by the loan company ensures the difference.
Fast title loans operate in the same vein as most traditional financial institutions as a result of their insistence on titles for loans. Loanees may offer their vehicles, boats, or motorcycles as titles for said loans.
To qualify for a loan with FastTitle loan, loanees must be at least 18 years and have a title to collect the loan.
Pros
- Extremely fast loan disbursement
- Fewer credit checks
Cons
- Insistence on titles for loan disbursement.
- The title could be repossessed in the event of a default in payment by the loanee
6. USTitleLoans
Similar to FastTitleLoans, USTitleLoans works under a similar principle. To get a loan, loanees must provide a verified loan repayment method and an acceptable title to get access to financial credit facilities.
The danger with loan offerings of this sort is a tendency for loanees to lose titles if they fail to repay their loans.
The positives however include exceptionally fast loan disbursement and better customer service.
Pros
- Top-notch customer service
- Fast loan disbursement
- Fewer credit checks
Cons
- Insistence on titles for loan disbursement.
- May affect credit score if the loanee defaults on loan repayment.
- The title may be repossessed.
7. USInstallmentLoans
USInstallmentLoans offers an extensive list of reputable lenders, and 24-hour service to meet the growing need for no-credit-check payday loans with guaranteed approval in 2022.
By offering a maximum of $2,500 in loans within 24 hours, USInstallmentLoans ensures its position as one of the ten best no-credit-check payday loans with guaranteed approval.
The company targets higher salary earners as loan repayments are expected to be made in full on the next paycheck.
Pros
- 24/7 customer service
- No credit loans
- Instant approval
- No hard credit checks
Cons
- Inflexible loan repayment options.
8. CocoLoan
Cocoloan offers one of the most seamless application processes in the no-credit-check payday loan industry. Over the years, Cocoloan has remained an industry leader, thanks to its list of partner lenders, and quick loan disbursements.
Cocoloan offers a maximum of $5,000 to prospective loanees. Ultimately, the amount gotten by loanees is largely determined by certain parameters in the application process.
Pros
- Easy application process
- Offers bad credit loans
Cons
- Short repayment windows
9. PersonalLoanPro
The unique selling proposition for PersonalLoanPro lies in the confidentiality of loanee information. There exist several no-credit-check payday loans with guaranteed approval in 2022 that share loanee information for marketing purposes.
PersonalLoanPro isn’t one of these. To put the icing on an already sweet cake, the loan company has one of the largest numbers of partner lenders and a fast loan disbursement process.
Pros
- A fast loan disbursement process
- Confidentiality of loanee information
Cons
- Unavailable in some states
10. HonestLoans
HonestLoans make up the list of the best no-credit-check payday loans with guaranteed approval in 2022. With over $35,000 in loan offers to prospective loanees, HonestLoans offers an amazing deal to most loanees.
The company considers all credit types, makes superfast loan decisions, and has bank-level privacy protection. Talk about the best of all worlds.
Pros
- Bank-level privacy protection
- Considerations for all credit profiles
Cons
- Unavailable in some states
Conclusion
There you have it, all ten best no-credit-check payday loans with guaranteed approval in 2022. We’ve taken an intricate look at all ten no-credit-check payday loans, their pros and cons, and user experiences to provide this insightful review.
Whichever loan broker you decide to use, ensure to understand the pros and cons, as well as the eligibility requirements for the different types of loans offered. Also, study the terms and conditions provided by partner lenders for better deals.
We’ve listed the 10 best no-credit-check payday loan providers. Which of these would it be for you?
