Generally, two common methods are adopted for financing a pay day loan with no credit check, namely retail lending and internet lending. In retail lending a borrower approaches a lender for small cash loan and such loans are repaid in full during the payday loans no credit check borrower’s pay day. This normally is for duration of two weeks. The borrower deposits a post dated cheque with the lender while taking this loan with a commitment to return the cash in person on the due date and take back the cheque. If the loan is not repaid on the due date, the lender may deposit the cheque for recovery from the borrower’s account. However if the cheque is not honoured then the borrower is liable for delayed interest, check bouncing charges and also increased interest rates. The lenders seek one or more pay slips from the borrower apart from his bank statement to ensure that the borrower has aregular income. There are also other criteria that vary from individual companies.