Instant Decision Payday Loans
Looking for instant payday loans to have the money sent your account right away?
We can’t promise instant loans, but our overall application > decision > funding process is really fast.
The truth is that no direct lender nor broker in US can guarantee a truly instant loan with instant application decision and same day loan funding. The main reason is that the overall lending process involves several steps, some of which are automated while others require some interaction from the client or the lender.
It is possible to get an instant decision or instant loan approval from some lenders if you meet lender’s requirements or have already used a particular lender before without missing payments or deadlines.
Instant Application & Decision
For instance USWTA has an instant application form which sends your loan request to our network of vetted lenders. The lenders accept the application automatically if it meets certain criteria, or, for example it can also be declined if some data is incorrect or missing.
On the next step the lender needs to confirm the data in the application and might request additional documents, such as personal ID, proof of income, proof of residence or other. At this point the speed of the process relies on the client. If you are in contact with the lender and have all the required documents on hand, then the decision can be made instantly.
However, it still takes some time for the lender to send the cash to your bank account. In rare cases, the loan can be approved and received at the same day, more often the money arrives on the next banking day.
How to Increase the Chance of Instant Loan Approval?
Here is a set of tips which will decrease the time it takes for you to apply and get immediate approval of the payday loan online using USWTA application form.
First of all before completing an instant loan request, make sure that you meet the general eligibility criteria such as:
- You have a valid personal ID issued by US authorities (scan or take a photo of your document to be ready to provide it to the lender on request).
- You are a resident of the United States.
- You are of legal age to receive a loan in your state (usually at least 18 years old).
- You are not in the process of declaring bankruptcy.
- You have an active bank account.
More Tips to Speed Up The Process
If all above has been prepared, you can send your application. Make sure that you provide accurate and correct data, including your personal details, contact information, banking details and income details.
Keep in mind, that requesting a loan before noon noticeably increases your chances of getting instant response and same day funding. Doing so during weekdays or national holidays means that it will take at least one extra day for the payday lender to process your application.
What about No Credit Check Instant Loans?
We understand that people usually tend to seek for no credit check instant payday loans online since they cannot take a traditional loan at the bank because of bad credit history or low credit score. This is the main reason why instant payday loans are so popular in US. According to Consumer Financial Protection Bureau about 12 million Americans use payday loans each year and many have trouble paying their loans back.
What “No Credit Check” Actually Means
Each lender’s obligation is to make sure that the borrower can afford the loan and will pay it back to avoid any law violation. For this reason there is no such thing as instant online payday loans with no credit checks, since such loans would be illegal in any state.
Every lender performs some sort of background check or “softer” credit check before issuing a loan to people with poor credit history. Having a bad credit score doesn’t mean that you can’t get a positive immediate decision from a payday loan lender.