Many people value non-bank loans because of the quick and discreet process. Asking consultants or calling the employer definitely does not help. In addition, a telephone conversation significantly extends the time of receiving a loan. So if you are looking for a company where a loan is available without phone verification, read the article below.
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What is customer phone verification?
To begin with, let’s explain the purpose of calling clients and their employers by representatives of loan companies. Their reasons for doing so are not trivial at all. Telephone contact with the applicant and his employer is for safety reasons.
You’ve certainly heard of crimes involving extortion of credit or identity theft. Unfortunately, these are quite common practices carried out by dishonest persons using someone else’s ID card. Telephone contact by the lender helps to protect against fraud not only loan institutions, but also people whose data can be used.
However, contact with the employer allows you to verify the information contained in the loan application. The lender can make sure of your current professional situation and check whether you are still employed in the indicated workplace. It will also be important to know if you are not currently terminated. In this way, financial institutions minimize the risk of acquiring an insolvent client.
Fortunately, as you will see in a moment, few lenders operating on the American loan market undertake telephone verification of applications.
Online loan no phone call – which company to choose?
In the era of progressing technological development, solutions that are convenient, fast and intuitive for the customer are particularly valued. Loan companies are well aware of this and try to adapt their services to the prevailing trends. For this reason, most companies offering non-bank payday loans try not to bother their customers with their phones calls.
A consultant of a loan company may call you if he notices errors or ambiguities in the loan form or if there are problems with the automatic processing of the application. Such contact is intended to help in obtaining financing. Therefore, be sure to answer the phone calls after submitting the application.
To pick the most suitable loan with no phone call, you need to compare the most important parameters, such as the annual percentage rate – APR, interest rate and information whether a free first loan is available in a given company.
Payday loans without calling the employer and loans without calling the client
No fax no phone call payday loan is a product that you will receive without calling from a non-bank company – neither to you nor your employer. The entire procedure for granting financing takes place online, and thanks to accelerated verification, it is possible to receive payday loans even in 15 minutes.
For many borrowers, the most important thing is to be sure that the loan company will not call their employer to verify the data contained in the application by phone. It is quite understandable, as not everyone would like to initiate their superiors into their own economic situation. The subject of finance is a sensitive issue for many people and this should be respected.
It turns out, however, that very few companies operating on the American loan market verify their clients’ applications with their employer. Lenders generally focus on the comfort of borrowers and want to gain their trust. The risk that you will come across an institution calling the client’s place of employment is small. However, if you want to be absolutely sure, ask the loan company representative about it before submitting the application.
How then do creditors verify the accuracy of employment data? They do it most often on the basis of an analysis of the inflows to the account. Each salary transfer should contain your employer’s data, which for the lenders is a sufficient signal that your income is regular.
What does quick loan no phone call look like?
uNo phone call online loan is practically the market standard. So what do you need to do to get this type of financing? First, choose the offer you are interested in.
After you compare the best loan offers and choose the right one, there are a few more steps waiting for you:
- Go to the lender’s website and use the calculator on it. This tool will let you know the exact amount to be paid off. If this is your first loan with a given company, there is a good chance that you will get it for free.
- Select the amount and repayment period of the payday loan without telephone verification, and then use the “take a loan” button.
- Complete the loan form. Provide the required data, such as name and surname, ID number, bank account and home address.
- Verify your bank account. In modern loan companies, this is done through a verification transfer in the amount of 0.1$ or 1$. Such verification of your bank account and your identity is safe, and the non-bank institution allows you to reduce the risk. Thanks to this solution, the company no longer has to call you to check your identity.
- Wait for the decision. The company will assess your income and liabilities, and then inform you about the rejection of the application or granting the loan. Fortunately, in the age of high technology, this happens automatically – waiting time is just a few minutes.
- Get money from payday loans. The withdrawal of funds will be made to the bank account number provided in the application.
- Everything is done without disturbing you and your employer with troublesome calls.
What conditions must be met to receive a no call payday loan?
The requirements are similar to those that we will also meet with other commitments available online. Most often, in order to receive an online loan without telephone verification, the following conditions must be met:
- adulthood – 18 years is definitely the minimum;
- full legal capacity;
- valid ID card;
- having a bank account;
- e-mail address and American mobile number;
- American citizenship and permanent residence in our country;
- regular income.
Fortunately, loan companies are not too restrictive in checking creditworthiness, which is why they accept other income, not only those obtained under an employment contract. It also includes a mandate contract, disability pension, retirement pension or various other social benefits. Non-bank institutions also grant loans when you do not have a perfect credit history.
When is it impossible to avoid calling?
You must undergo telephone verification when the loan company you choose has in its regulations information about checking the customer’s identity in this way.
You will not avoid a phone call with a loan company consultant also in a situation where you make a mistake in the loan application (e.g. by entering too short ID number) or deliberately enter incorrect data. When this happens, a customer service representative will contact you to explain the irregularities. It is worth noting here that providing false information or data of another person may result in legal unpleasantness for you.
An interview may also be necessary for people who do not have a bank account. It is them who are offered non-bank loans in cash, granted at the customer’s home.
The lender may also contact you in one more situation – when you select marketing consents and then abandon completing the application. A helpline employee may contact you to offer help and ask you about the reason for canceling the online loan.
What to watch out for when looking for same day loan no phone call?
When looking for a payday loan without calling the client and employer, watch out for suspicious entities that offer money borrowing without any formalities. Unknown loan institutions offering payday loans completely online and without any additional contact on their part should raise your vigilance. To avoid falling victim to a scammer, browse through the offers of proven and reliable lenders.