http://www.cashloaninfo.com/payday-loans/no-credit-check-payday-loans.html There is a certain magic in no credit check payday loans, a magic that screams "Aloha! Lets loan!" But that magical spirit ends very quickly when the reality of no credit check payday loans catches up to you. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 No credit check payday loans begin with a smile - hello, your credit isn't necessary here! So you laugh and you borrow and you walk away happy knowing for the first time you've been approved for financial assistance. And you use that assistance the way you should, by paying off your highest of high priority debts in a time frame beneficial for your finances - fast, instant, regardless of your payday. But the clouds suddenly thicken over your bright financial morn, and your struck by the lightning of the payday advance! Where no credit check payday loans come to rain out your parade The problem with no credit check payday loans is that as a financial tool they are extremely deceptive: People are deceived by the speed. How could something so fast take so long to repay? No credit check payday loans are so easy to apply for - and qualify for - that people have a hard time considering them as high priority debts. They relax a bit after meeting their financial obligations and decide to repay their payday advance a bit later - boom, thats where the bolts come a burnin'. The the cost of these payday loans is extremely deceptive because most lenders won't tell you the cost until after you agree on the advance. And even if they do, lenders will never make your financial obligations to them explicitly clear. They will not tell you that rolling over you payday advance will double thee cost of the service, only that they offer the service for your benefit and they tell you to take your time in repaying them. Yet time is of the utmost essence in your entire payday advance experience! You need money fast, you get money fast, and you'd better be ready to repay your debts fast as well. The initial joy at having gotten your no credit check payday loans should last for only but a brief moment - you still need to make the sacrifices and hard work necessary to regain your financial composure. Why they offer the no credit check advance When you apply for a mortgage, your credit is checked. Need to finance a car? Credit check right away. Any form of traditional, mainstream financial assistance will require a credit check at the very outset - why not payday advances? Firstly, payday loans are not even loans but a service advancing your paycheck to the moments you need it. Secondly, consumer demands for faster, more efficient loan procedures called for no credit check payday loans in the first place, and the nature of payday advances almost demands the greatest speed possible. And finally, the very people taking out the most payday advances are the people who'd have to apply for bad credit payday loans if the credit check remained an industry requirement. So instead of denying those millions of applicants with bad credit - and tendencies for financial irresponsibility - lenders did away with the credit check and made everyone happy - until repayment came due. Sat, 26 Jul 2008 15:00:00 EDT