No Credit Check Loans

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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.

Before you decide to take out a payday loan, consider some alternatives such as using a credit card which will most likely to have a lower interest rate than a payday loan.

Another option is to contact your creditors or loan servicer as quickly as possible if you are having trouble with your payments, and ask for more time. Many may be willing to work with consumers who they believe are acting in good faith. They may offer an extension on your bills and make sure to find out what the charges would be for that service such as a late charge, an additional finance charge, or a higher interest rate.

You can also contact your local consumer credit counseling service if you need help working out a debt repayment plan with creditors or developing a budget. Non-profit groups in every state offer credit guidance to consumers for no or low cost. You may want to check with your employer, credit union, or housing authority for no or low cost credit counseling programs, too.

Another alternative is to find out if you have or if your bank will offer you overdraft protection on your checking account. If you are using most or all the funds in your account regularly and you make a mistake in your account records, overdraft protection can help protect you from further credit problems. Find out the terms of the overdraft protection available to you and what it costs and what it covers. Some banks offer “bounce protection,” which may cover individual overdrafts from checks or electronic withdrawals, generally for a fee. It can be costly, and may not guarantee that the bank automatically will pay the overdraft.

Finally, make a realistic budget, including your monthly and daily expenditures, and plan ahead. Try to avoid unnecessary purchases because the costs of small, everyday items like a cup of coffee add up. At the same time, try to build some savings, even small deposits do help. A savings plan can also help you avoid borrowing for emergencies. Saving the fee on a $300 payday loan for six months, for example, can help you create a buffer against financial emergencies.

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.