Put this way, no teletrack loans are a boon for people who have bad credit history and face a financial emergency. Teletrack is a system used to check the borrower’s checking account and credit history. The system usually exposes your bad credit history, including bankruptcy and outstanding checks against current loans, etc. Fortunately, there are many loan companies who do not use teletrack as part of their requirements to giving you a loan. These companies offer cash loan until payday, meaning that you will get cash advance and simply return it when you receive your next pay.
The loans are called payday loans or cash advances. They are short-terms loans and usually range between $100 and $1000 for the duration of two weeks or more. These companies do not feel the need to verify information provided by the prospective borrowers in term of their credit history as they will mainly check your employment to ensure that you have regular income deposited into your bank account.
How to Apply for a No Teletrack Loan?
The easiest way is to go to a payday lender’s website. If they don’t say anything about teletrack usually they do not bother checking your account with that system. You will then simply complete the application form online with some basic personal information, employment details, and your bank account information. Once submitted, a loan officer will do verification by either contacting you directly or checking your details with your employer.
These days, you can be sure that you would not need to fax any document when submitting a payday loan application online. To improve the speed in loan processing, payday lenders have been able to cut-off the need of checking paperwork manually, which otherwise creates much hassles from your end to submit documents through fax.
After approval, the funds are transferred to your checking or savings account directly the next day or even the same day as you submit the application. The loan repayment is also simply. On the due date, the lender will take the loaned amount plus fees automatically out of your bank account. You just to make sure that the funds are available that day to be deducted as otherwise it will cause an overdraft for you.
Instant Solution with No Teletrack Loans
Whatever may be your income, a payday loan would meet your expenditure requirements and short tern financial needs. After you have gone through the existing loan programs of different cash advance lenders you can go for the one which offers you the best loan amount at a discounted rate.