No Credit Check Loans – Since We Made It Possible!It can be discouraging being turned down for a loan because you have bad credit or no credit. It is even more discouraging when you realize that the credit checks carried out by lenders before they reject you are negatively affecting your credit score. What if there was a way you could apply for a loan with no credit check? That is what no credit check loans allow you to do!
What are Loans With No Credit Check?No credit check loans are small online personal loans provided by private direct lenders to borrowers without checking their credit history via major credit bureaus. The main eligibility criteria for no credit check loans is the borrower’s income and their ability to repay the loan. Thus, lenders are still checking borrower’s financial background via alternative ways and databases. Such process is called a “soft credit check”, and doesn’t affect a traditional credit score, leaves no marks in borrower’s credit report.
Who Should Apply for Loans With No Credit Check?If you have a poor credit history, your chances of being approved for a traditional loan are low. Worse, if you keep applying, you can repeatedly damage your credit score. This makes your credit history even worse. For customers in that situation, and for those who have an unexpected financial need, it makes much more sense to apply for no credit check online loan. The chances of loan approval with our private direct lenders are much better! Also, they don’t perform a traditional credit check through the three major bureaus, as a result, applying for a loan will not be seen on your credit report!
Hard Credit Checks
Soft Credit Check
No Credit Check
What Types of No Credit Check Loans Are Available?PaydayAllDay allows you to apply in minutes for any of the following types of loans without hard credit checks:
- Payday loans: These are short-term loans which you pay back by your next payday. They usually range from $50 – $1,000.
- Installment Loans: provides larger amounts and more time to pay it back. These typically range from $150 up to $5,000. You pay them back in fixed monthly installments, usually over 2 to 24 months.
- Personal Loans: For lowest rates, larger amounts, and the longest repayment period consider personal loans without a credit check. Typically, you will have anywhere from 90 days to 60 months to repay your personal loan.
Safety Warnings About No Credit Check LoansWhen you need cash fast, and traditional lenders are turning you down, it is easy to feel desperate and to accept the first loan offer you receive. But it is important to be aware that there are predatory lenders out there looking to take advantage of customers with poor credit. These lenders may not run a credit check at all, but they will charge exorbitant interest, fees, and loan terms. That is why we partner only with reputable lenders that run soft credit checks. These lenders are willing to consider customers with bad credit, but their interest rates and fees are in line with industry standards for these types of loans. They do not resort to predatory practices.
No Credit Check Loans RequirementsWe have a few basic requirements for customers applying for loans. These requirements help our lenders to run an alternative screening of loan applicants. To apply for a loan on our site, you must:
- Be 18 or older.
- Be a US citizen.
- Have an active checking bank account.
- Active phone number and e-mail address.
- Provide documentation to prove your income.
Loans No Credit Check Application Process
Fill out the loan application form
It's easy and will take you only 3 minutes!
Details are sent to the lenders
Lenders will run a soft credit check that will not affect your credit score.
Get an offer
If you are eligible, one of the lenders will send you a loan offer.
Review the offer and sign it
Check the terms and conditions, rates, fees, and penalties for the loan.
Get the funds
Lenders will transfer funds to a provided bank account in one business day.