A fast cash loan could be applied even by people who do not enjoy a good credit history. Since there is no credit check the loan gets approved very quickly without any formalities. Basic qualification to apply for such loans is that you should be above 18, with a stable income and an active savings account. Emergency expenses always attack us at the most inappropriate time. It can come in any form; it would be a sudden car accident, or sudden visits to the doctor etc. And the worst part is that these loans cannot wait till we get our next pay check. In order to meet such unexpected expenses, applying for traditional loans would prove to be a time consuming process. In the first place to apply for a traditional loan you have to pay a hefty sum, and then start with the never ending procedures and formalities. However after all this cumbersome procedures there are instances where the loan may not get approved due to the customer’s credit rating.