Not All Loans Require A Credit Check, Here Is How To Get One

Getting hold of cash in an emergency can be really difficult for people with bad credit scores. But it doesn’t make the situation any less urgent or the money any less necessary.

You may feel like you have no options in this situation – but that isn’t true. Today, we are going to break down how you can get a loan without a credit check. Visit for a deeper look at the application process.

What Is A Credit Check?

Typically when you apply for a loan the bank will do a credit check on you.

This check will involve them going to an independent credit score company, they will give your bank a quick guide to your financial history and show them your credit score. They will also show the bank any outstanding loans you have and any late payments you have recently made.

The banks do not collect this information themselves, legally they have to go to an independent company.

The bank will then use this information to decide if they want to lend you money and at what interest rate.

Why Do Banks Do Credit Checks?


Since the 2008 Financial Crisis, banks have been under more pressure to loan money more responsibly. One of the ways they have done this is to lean more heavily on credit scores and financial histories.

The bank uses your credit score to determine how risky lending your money is. The higher your credit score, the more likely they believe you are to pay the money back.

They can also justify charging you less interest if you have a good credit score.

How Can A Bad Credit Score Affect Your Ability To Get A Loan?

Having a bad credit score can affect your ability to take out a loan in three ways.

Firstly, your chances of being refused a loan completely are a lot higher if you have a bad credit score. If you have a really bad credit score banks may claim that you are too risky to lend money to at all.

Secondly, if you have a bad credit score you are less likely to be able to take out big loans. Banks will say larger sums of money are too risky, so you are likely to be offered less money than you requested.

Finally, having a low credit score means that your banks will charge you with higher interest rates on these smaller loans that you take out. This way the bank will lend you less money and make a bigger profit.

Can You Get A Loan If You Have A Bad Credit Score?


As we have seen above, it is possible to get a loan if you have a bad credit score, but on the whole, the deal is going to be much worse for you.

Another danger of applying for a loan when you have bad credit is if you are rejected, your credit score will get worse.

However, there is another option.

You could request a No Check loan. These are loans that do not require a credit check to acquire.

These loans are typically short term personal loans. They usually come with a higher interest rate to make up for the fact that there is no credit check.

However, many people find that these interest rates are better or the same as what they have been offered by their bank.

Three Types Of No Check Loans

Now, we have learned that it is possible to get a loan with a bad credit score by requesting a no check loan. Let’s look at the types of loans you can get.

There are three main loans that we recommend you look into. These will be best for you and your finances in the long run. They are also best suited for people who need money in the short term.

Payday Loans


Payday loans are very short term loans. They typically come with high interest rates.

Payday loans are typically paid back in 2-3 weeks, however, some lenders do offer 6 week Payday loans.

You should only take out a Payday loan if you know you will be able to pay it back after your next paycheck, interest included.

They are best for people who find themselves in an emergency.

Personal Installment Loans

Personal installment loans are medium to long term loans. They typically have lower interest rates than Payday loans because they are paid back over a longer period of time.

When you request a personal installment loan, you and your lender will agree on the amount of money you will be lent, your monthly repayments, and the interest rate you will pay on the loan.

Because these are low risk loans, they are more likely to be approved without a credit check. In the long run, they will cost you less money, and they are less harmful to your wallet and credit score than Payday loans are.

Title Loans


Our final option is the Title Loan.

A Title Loan is a loan where you put up the title of your car as collateral against your loan. So, if you do not repay your loan then your lender has the right to take your vehicle.

Because you have put up collateral, there is usually less interest on a loan like this. However, you will not be able to borrow more than your vehicle is worth.

You should only take out a Title Loan if you have a steady stream of income and know that you will be able to make your payments. You do not want to damage your credit score even more and lose your truck in the process.


Credit scores are used by banks to determine whether a potential borrower should be leaned money. However, some lenders understand that a credit score does not always show the full picture of a borrower and their financial history.

There are a few types of loans that you can take out without having a credit score check done. These include payday loans and personal installment loans.