Consumer Bad Credit Guide

Welcome to the consumers guide to bad credit!

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No Credit Check Loans


If your looking for no credit check loans, you won't have many options. You can however, get a short term loan with no credit check from a payday loan lender.

A payday loan or paycheck advance are small, short-term, no credit check loans that is intended to cover a borrower's expenses until his or her next payday. Typical loans are between $100 and $1500, on a two-week term and have annual interest rates in the range of 390 percent to 900 percent. Usually, a borrower writes a personal check payable to the lender for the amount he or she wishes to borrow plus a fee. The company gives the borrower the amount of the check minus the fee. Fees charged for payday loans are usually a percentage of the face value of the check or a fee charged per amount borrowed. If you extend or roll-over the loan for another two weeks, you will pay the fees for each extension.

In conclusion, no credit check loans are out there, but they come at a high price and should only be used as a last resort.