No Credit Loans

No Credit Loans 5/5 (2)

No credit loans

Need a loan fast but have no credit or bad credit?  Toku Cash offers no credit loans!  Loans that don’t require good credit are very popular in the United States, so it’s best to do your research before applying for one.  Below are some tips on the best ways to apply for no credit loans!


Know your credit before applying

You don’t need to know your exact FICO score, but if you want you can check it.  Knowing will give you a good idea of the type of loan you will qualify for; whether it’s a poor credit loan or good credit loan.  The type of loan will affect interest and fee’s greatly, so if you have excellent credit, you are better off applying for a standard unsecured loan through a traditional lending institution.


Do you want secured or unsecured?

Most borrowers prefer unsecured loans simply because there is no collateral attached to it, however secured loans can often provide lending options for borrowers that would not otherwise qualify for unsecured.  A car title loan would be considered secured, while a payday loan would be considered unsecured.


Set realistic expectations

If you have poor credit, chances are your interest rates are going to be higher, and the amount you will be able to borrow will be lower.  Don’t get frustrated with this or take it personal!  You must understand that lenders have lending criteria in place, and lending no credit loans to borrowers contains much more risk.  Someone with bad credit is not going to get approved for a $30,000 personal unsecured loan with a 2% interest rate; that’s not how lending works!


Funding Period

Please understand that some lenders may fund immediately while others may take several days to fund your loan.  This just depends on the lender and their own internal controls.  So you will want to take this into consideration when applying for your loan.  Give yourself some time to get the money in your procession so you can make whatever deadline is required.  If you wait until the last minute to get your loan, and the lender can’t fund you in time to pay your electric bill, that’s not the lender’s fault, it’s your fault.  Plan ahead.


Understand the loan terms

Many people applying for no credit loans are so focused on getting their money that they ignore the terms of the loan. They end up disappointed when it comes time to pay the loan back.  Make sure you aren’t being pressured into a loan product you don’t feel comfortable with.  Also make sure your loan specialist is explaining everything to you thoroughly.  Things such as terms, payments, prepayment penalties, origination fees, miscellaneous fees, etcetera all need to be covered before you continue.  If they aren’t willing to disclose this information, walk away!



Toku Cash works with the best lenders all over the country and loves helping borrowers receive their no credit loans.  Please contact us by clicking on the link on the right-hand side of our website and submitting your information, or by going to our contact us page and submitting it there.  A representative will contact you immediately to discuss your options and help you acquire your loan!  Contact us today and we look forward to hearing from you!

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