A cheap payday loan with low interest is hard to come by, much less a personal one with no income check. When you need a fast way to borrow cash, high risk payday loans; despite their flaws, are still a convenient way to get money quickly with no questions asked. If you have a bad credit FICO score, perhaps they may be your only option since it is so difficult these days to get a approval from the banks for a signature bank loan with bad credit.

That said, there are requirements to be met for 1 hour payday loans even by their low entry barrier standards, and if you worry your monthly income of $700 will get you approved or not, you should search for online payday loans with no minimum income requirement.

It is better to find these online loan lenders with no income check as from what is commonly stated on the websites of bad credit payday lenders, a common requirement is that the borrower will need to earn a minimum of $1000 monthly to be pre-approved.

These private cash lenders are probably worried that low income loans for people with bad credit will likely result in a higher default rate and therefore implemented such a ruling to safeguard their business interests. That said, we have come across some readers who have been able to apply online for 24 hr payday loans with no income requirement. Although we do not know if they have had to accept stricter repayment terms or having to pay more fee in return for a quick cash advance with no credit check.

The varying requirements by different 1 hour payday lenders with no minimum income proof mean that you should not be discouraged by your inability to meet their pre-approval criteria as there might be other online loan companies who can give loans to people with adverse credit, or even short term loans for the unemployed.

Other than that, you can always privately negotiate for a short term 1 hour personal payday loan by putting down a collateral - valuables such as a gold ring or necklace. Lenders do not turn away your request for a no income check loan for no reason, on the contrary, they need you to borrow money from them. What matters is whether you can convince them of the ability to repay the loan fully on time. Drastic times require you to be creative and if you need to borrow money fast with no income, sometimes you need to approach it in a unorthodox way.