If you need a cash advance, you’re probably in a hurry to get the money. The best case would be that you get the loan right away. You would like to wait a maximum of a day or two for the loan. In addition, you probably have financial problems – why else would you need money? You would not pass the lengthy process of checking your credit repayment ability. What you need in such cases is a cash advance without proof of wages. It is not particularly difficult to obtain if you know how to do it. You also have to accept some disadvantages.
Cash Loan Without Proof Of Wages: The Potential Lenders
The “usual suspects” among potential donors generally give you a cash loan without proof of wages, i.e. banks, private individuals and loan brokers. However, it is difficult to get the loan you want. For example: Your house bank knows you and will know exactly why you don’t want to provide proof of your wages. In other financial institutions, at least your entry in the protection association for general credit protection (Credit bureau) must be clean. Prepare yourself accordingly.
Individuals have completely different requirements. It can be easy for you to get a cash loan without proof of wages. But it can also be surprisingly difficult for you.
You have great chances to get the desired loan from credit intermediaries. They can choose from numerous offers and are therefore also able to grant “loans in difficult cases” (like yours). However, it is questionable whether you are comfortable with the conditions that you have to put up with.
Cash credit without proof of wages: These documents will be requested from you
It doesn’t matter who you take out the loan with, they will always ask you why you are able to repay the loan and exactly how you want it to be. Different documents will therefore be required from you in any case:
– The completed loan application, in which you usually have to provide information about your expenses and income
– Guarantees, including proof of creditworthiness, from additional people who are willing to repay the loan if you need it
– Account statements from all of your bank details for the past three to six months that show that there were no chargebacks
The disadvantages of a cash advance without proof of wages
With a cash loan where you value the fact that you do not have to provide proof of wages, there will always be some disadvantages that you have to accept. Assume very high interest rates, some of which can be at overdraft level and even further. The maximum loan amounts are usually capped in the three-digit range. In addition, the repayment periods are often limited to a few months, so that you have to expect major burdens on your monthly budget in the following time.