CashNet USA

Although our FICO score defines us in many aspects of our lives, payday loan lenders have taken the demand for credit worthiness out of short-term, small-dollar loans by offering no-credit-check loans

While non-traditional payday lenders are among the few who don't look at your credit history before approving you, traditional lending institutions are moving further away from the "FICO score only" mentality and turning to other means of judging a consumer's credit worthiness.

Consumer information given to payday loan lenders for the use of applying for a loan includes the applicant's checking account, employment, and income information. Most lenders will ask the applicant to provide references, whether personal or professional. That minimal amount of information is all it takes to approve someone looking for a fast and temporary loan. A step up from that is an auto title loan lender who uses the collateral of the consumer's car in which to loan upon.