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One of the reasons no credit check payday loans are so popular is that most lenders can approve you for the loan on the same day. Some lenders require an application before they will grant a loan. The processing time and approval process depend on the company and the situation.

An approval with no credit check payday loans will provide the funding you need to pay back bills or get a car repair. This payment plan can really benefit a family who has been short on cash. The repayment options for no credit check payday loans can include a single check with a maximum of five payments or a monthly compounding of the amount borrowed.