Need Cash Today?

Federal Advance Help You Get Up to $1000

Get Started Now
I consent and agree to the Privacy Policy, Terms Of Use, Rates & Fees, and E-Consent.

Safe & Easy 3-Step Form

Complete and submit the secured (2048-bit encryption) 3-step form to request your loan.

Fast & Easy

Federal Advance makes it easy! You’ll know in minutes if you’re connected with a lender.

All Credit Types Welcome

Our qualified lenders are flexible and can help despite less than perfect credit history.

No Credit Check Payday Loans-The Truth About Them

Are you in need for money right now to help you through a financial emergency? Whether you need money for utility bills, a car repair, or to pay for some other expense, a loan without a hard credit check, also known as “instant decision on loan approval” might come in handy. Is there such thing as instant approval payday loans for those with bad credit? Unfortunately, there is no such thing. Even though there exist loans that are meant for people with bad credit that require no hard credit check, instant approval loans are merely fictional. Claiming that there are lenders that can guarantee an approval for everyone is often predatory. In nearly all cases, when lenders mention instant approval loans, they are referring to instant decision loans. These loans do not run a hard credit check with traditional credit bureaus. Many of them will provide you with an instant decision (typically within a few minutes after applying) regarding approval status. So, what exactly are hard credit check loans? Lenders pull a detailed credit report from an organization referred to as a “Credit Bureau” every time you apply for a loan. Data from this report is used in order to decide whether to approve you for the loan. In addition, data from this report is used to determine the proper terms to apply based on one’s risk factors. Credit reports contain a detailed history on how you’ve paid back loans, how many loans you’ve applied for, and whether you’ve ever been reported to collections. The riskier the finding on your report, the more likely it is that you are either declined or see higher interest rates. Every time a lender analyzes your credit report from a traditional Credit Bureau to evaluate a loan application, a “hard credit inquiry” is generated because the Credit Bureau makes a note that you applied for a loan. After this note is stored in your credit report, other lenders in the future will see that you’ve applied for that loan in the past. An important point to note is that these credit checks count as hard inquiries on your credit report, regardless of whether you’re approved. As a result, your credit score might go down by five to ten points just for applying. This is normal, and is part of the credit application process, and should be nothing to worry about. A no hard credit check loan uses something called a “soft inquiry” that doesn't count against your credit score. This isn't a full credit check but instead verifies your basic information and is used to see what products you might qualify for. Another way that loans might involve no hard credit check is if they use data from something called an “alternate credit bureau”. Alternate credit bureaus are regional credit bureaus that focus on a specific portion of the lending market. Alternate credit bureaus can give more relevant information for people with bad credit histories than a traditional bureau. Usually, this results in potentially higher approval odds. Furthermore, because data from these alternate bureaus usually don’t get factored into traditional credit scores, there is typically no “hard check” that could impact your credit score. What’s the advantage of a “no hard credit check” payday loans? No hard credit check loans can be a good option for you when you don’t want your application submission to decrease your credit score or if you have a credit history that’s below average. In such cases, it is possible to be approved for a loan - even if you have bad credit. “Soft credit check loans” can also serve a great benefit due to their speed and convenience. If you need a car repair instantly, you may not have sufficient time to wait for a bank or credit union to make a decision in 7 to 10 days. Can’t hard credit check loans be predatory? Unfortunately, on some occasions, this can be true. Many soft credit check loans on the market are predatory and are designed to trap one in a cycle of debt. However, there are non-predatory options available as well, such as the ones offered by Federal Advance. Our main intention, is to help those in need while helping to build credit over time. What’s the difference between an Instant approval loans versus an Instant decision loan? Unfortunately, many lenders do engage in predatory tactics. While some might maliciously advertise “instant approval” loans, it’s very unlikely that they actually approve everybody who applies - this is typically an unethical way to get people to apply with them and not other lenders. At Federal Advance, we ethically advertise “instant decision loans,” a factual claim meaning that once you submit your application, you'll find out whether you're approved on the same day. Please note that “instant decision” does not mean “instant approval”. As previously mentioned, no lender can seriously guarantee instant approval on all loans. So when lenders say instant approval, they are being misleading and likely really mean instant decision. There's a good chance one can be approved even with poor credit, but the only guarantee is that we can make is that the decision will be instant. No hard credit check payday loans from Federal Advance Federal Advance provides a convenient way to receive a instant decision loan, “no hard credit check” loan. You can apply online 24/7 from your phone, tablet, or computer. If approved, you can receive your money in as little as one business day. As a trusted resource for high-quality online loans, Federal Advance knows the importance of customer security and confidentiality. When you request a loan through Federal Advance, you can feel safe knowing that we protect your information through every part of the process. To see your options, start your application now.

Skip the Line
and Request Online

You're Safe With Us

At Federal Advance, security is our top priority

As a trusted resource for high-quality online loans, Federal Advance knows the importance of customer security and confidentiality. When
you request a loan through Federal Advance, you can feel safe knowing that we protect your information through every part of the process.

        Verified and Secured

OLA Compliant

Proud Member of the Online Lenders Alliance

When you see the OLA seal, you can trust you’re working with a company committed to the highest standards of conduct, dedicated to ensuring the best possible experience for their customers, fully compliant with federal law, and working hard to protect consumers from fraud.

OLA Member

Complete and submit the form to request your funds with Federal Advance.

Connect with lenders in minutes. All credit types welcome!

Get Started Now