No Teletrack Payday Loans
What is a no Teletrack payday loan?
We find it necessary to say upfront that you cannot find no Teletrack payday loans on our website. However, if you are looking for reliable information on this type of credit, you have come to the right place.
Teletrack is the proper name of a company that scans the credit history of applicants. This company does not deal with banks and larger crediting organization, it is entirely dedicated to serving short term lenders.
The definition of a no Teletrack loan is this, according to us: an inaccurately termed guaranteed payday loan. The point is not that the credit history is not checked; it always is. The lending company needs to evaluate the risks linked to dealing with every individual borrower. The point is that when they say ”no Teletrack”, they actually mean guaranteed payday loans. And this is exactly something we specialize in.
Another way to look at no Teletrack payday loans is this: lenders are prepared to work with high-risk borrowers, but the charge ridiculously high amounts of money for it. This mechanism is predatory in its nature, and it is all too easy to fall into the debt cycle with this kind of loan. We recommend choosing a more fairly priced option, you can browse our website or ask us a question about possible solutions.
No financial background scanning
Payday loan applicants are understandably concerned about how their current credit history reflects on them as candidates. Truth be told, these worries are well-grounded: credit score is not something to sweep under the rug when you are in the market for a loan. You need to understand that everyone who promises you a ”no credit check payday loan” is probably not telling you the whole truth. There is always a check; this is simply how the industry works. If there is no check, you can count on being charged triple in fees.
A promise to not check your history is usually a bait for desperate consumers. What you need to know is that there are no reasons to be desperate even if your credit history is poor. There are still plenty of lenders operating in good faith, ready to approve your application for smaller charges.
At the same time, you need to recalibrate your thinking from not wanting to be exposed as a delinquent payer to feeling comfortable and as important as any other customer even with less than perfect credit score under your belt.
Does it really work?
In our experience, the only thing that works is honesty and applying through an honest business platform. You will feel a tremendous relief when you realize that you are accepted and respected as a customer even having a bad credit history, and you do not have to withhold this information or be concerned for your crediting background check. This is exactly the quality of service you get on our website.
We promise you this: bad credit is OK, so applying with our works, as we cooperate with legal payday loan lenders who specialize in crediting risk group borrowers.
The pros and cons of no Teletrack payday loans
The obvious benefit of reading the words ”no Teletrack payday loan” is that it immediately instills the reassuring feeling in the borrower. But when the check is run despite the false promises, you will feel deceived. Is it worth it? We suggest that you revise your attitude towards borrowing: you have no reason to hide your crediting history. It is not a black mark on your record. You are a valuable customer to us who will be approved regardless of the previous experience of borrowing and repaying loans.
The hidden catches in no Teletrack loans: the real picture
Honesty is the best policy, which makes formulations like ”no Teletrack” look somewhat shady, and herewith lies the drawback of this type of service. For your own safety, we suggest that you deal with companies that are fully transparent about their practices because all lenders do some degree of credit score scanning – but rogue ones are not open about it.
If you have questions on how to receive an approved loan within several minutes with bad credit history, look up the information on our site by the state – or ping us with a direct question which we will answer through our support system on the same day!