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Article Title: The Advantages Of No Teletrack Payday Loans
Author: Andy  Zain
Category: Personal Finance
Word Count: 502
Keywords: teletrack,payday,loan,loans
Author's Email Address: [email protected]
Article Source: http://www.articlemarketer.com
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Payday loans give you the opportunity to be able to obtain large amounts of 
cash almost immediately. They also have a higher approval rate and can be 
extremely useful in emergencies way you are urgently needed cash for one reason 
or another. They do not check your credit score and they do not take this into 
account at all but you do still need to be able prove a few things regarding 
your employment.

Almost all payday loan companies use this Teletrack method to keep track of 
your payments and everything else that is relevant to your loan. However, there 
are ones which do not use Teletrack and these can be attractive for a number of 
reasons. Nonetheless, of course there are still certain requirements that you 
have to meet in order to get a loan in the first place.

As far as the lender is concerned Teletrack is more secure as it requires a 
computer to keep track of the status of open loans. Although the application 
process is typically same regardless of what sort of loan you get, whether it 
uses Teletrack or not, there are certain differences an restrictions.

The advantage of not using Teletrack is mostly because the whole process will 
be faster and you should be able to get your money within an hour regardless if 
your credit score or anything else. However, you do need to be able to prove 
that you are in fulltime employment and although the exact terms do vary 
somewhat, the general rule is that you have to be in fulltime employment for 
about two months and on a salary of a minimum of $1000 per month.

As always with the sort of things, it is of utmost importance to make 
absolutely sure you read all the terms and conditions. All companies have small 
print and some make it more obvious than others. Interest rates can vary 
greatly and you don't want to be getting any unpleasant surprises so you would 
do well to ring up the company if you are not sure about anything.

Typically, lenders will make up for this shortcoming by charging higher 
interest rates. You do need to be prepared to do your research first however, 
and make sure you read all the small print because otherwise you could be in 
for a nasty surprise such as inflated interest rates or something else. 
Nonetheless, there are honest companies out there and it is just a matter of 
finding the correct ones.

It certainly is a great advantage of being able to get a loan without regards 
to your credit score. Sometimes people fall on hard times as far as finances 
are concerned so being able to get a loan quickly to solve the problem can be 
very advantageous. Also, such loans are typically open to anyone over the age 
of 18 so long as they are in fulltime employment and can prove this.

The main advantage of a no Teletrack payday loan is that the applications are 
faster and you will almost always get approved.

For more tips on payday loans visit http://www.PaydayLoansOnline.cc
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