5 Loans With No Credit Check for Short & Long Term (Feb. 2024)

Loans No Credit Check

Oftentimes a poor credit score can hinder your ability to get a personal loan but there are loans available with no credit check.

You can have a stable income and still have a poor credit score, so while you may know that you can pay the loan back, creditors will, unfortunately, judge your creditworthiness based on that three-digit number. When it comes to loans, no credit check may be appealing but it might not be the best or most realistic option for some. Here, we take a look at loan options, include cash advances.

A Cash Advance May be an Option

It can be a frustrating situation, but luckily there are lenders who are willing to work with you without having to see your credit report. This means your potential to pay the loan back will be determined based on your income and expenses rather than your credit score.

These no-credit-check loans are what’s known as a cash advance, or a payday loan. These are generally short-term loans where the actual loan amount will also depend on your income and expenses.

PersonalLoans.com Matches You with Online Lenders

PersonalLoans.com provides a free service that quickly matches customers with lenders that offer loans that may work for them.

Applying is Safe and Easy, and Your Loan Can be Funded in 1 Business Day

Filling out an application only takes a few minutes and saves you the hassle of applying to multiple lenders one-by-one. All of your personal information is safe and secure, and your loan can be funded as soon as one business day from the time of approval.

“You fill out the simple loan request form here on our website, including how much money you would like to borrow, your credit type, and loan reason. The form will also require you to provide some basic personal, banking, and income information. This information will be used by us to determine what loan product you may be eligible for,” according to the PersonalLoans.com website.

Lenders May Perform Credit Checks (But Not Without Your Approval)

For long-term bad credit loans, PersonalLoans will perform a “soft” credit pull. This is not harmful to your credit score, but rather allows PersonalLoans to better match you with a lender that can fund your loan. By getting your credit score, PersonalLoans can present you with lenders willing to work with your type of credit score.

The only way a “hard” credit pull (a full credit check) would be conducted is after the lender has contacted you and you both agree to move forward with the loan. This will not be done without your permission.

It’s important to understand that if you’re in need of a substantial amount of money, you likely won’t be able to find it without a credit check. It’s too risky to the lender to lend thousands of dollars without having any idea of the borrower’s credit profile.

Beware of Debt Traps

Cash advances (payday loans) are known for their high interest rates and fees, so it’s important to understand what you’re getting into when accepting this type of loan. The longer it takes to pay the loan back, the interest will continue to accrue and make it extremely difficult to pay off, and can lead you into what is known as a “debt trap” — taking out loan after loan to cover the new and quickly accruing fees. So, while payday loans may be ideal for a quick fix that can quickly be paid off, they aren’t ideal for every situation.

If you’re not certain you’ll be able to pay the loan off in time, consider borrowing the money from a friend or family member. Or, you can even ask your employer for an advance on your paycheck. The most beneficial factor of this option is that it isn’t a loan, but rather an advance – so you won’t have any newly accrued debt to pay off.

Advertiser Disclosure

BadCredit.org is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free for users, we receive advertising compensation from the financial products listed on this page. Along with key review factors, this compensation may impact how and where products appear on the page (including, for example, the order in which they appear). BadCredit.org does not include listings for all financial products.

Our Editorial Review Policy

Our site is committed to publishing independent, accurate content guided by strict editorial guidelines. Before articles and reviews are published on our site, they undergo a thorough review process performed by a team of independent editors and subject-matter experts to ensure the content’s accuracy, timeliness, and impartiality. Our editorial team is separate and independent of our site’s advertisers, and the opinions they express on our site are their own. To read more about our team members and their editorial backgrounds, please visit our site’s About page.