No-Credit-Check Loans

If you don’t have a good credit score (or no credit at all), you may be wondering how you can borrow money when you need it. Thanks to no-credit-check loans, there are lending options available to everyone, regardless of your credit score.

These loans can get you the cash you need to cover emergency costs, business expenses, and more. Here’s what you need to know about loans with lenient credit score requirements.

What are no-credit-check loans?

As the name implies, no-credit-check loans are financing options that don’t require the lender to check your credit score. These types of loans are rarely offered by traditional banks and credit unions due to the uncertainty that can come with lending to people with bad credit.

Other lenders like Advance America specialize in no-credit-check loans because there are other ways to prove your ability to repay the money you borrow. These are the lenders you’ll want to look for.

Can I get a loan with no credit check?

Because there are alternative ways to prove your credibility and ability to repay, it's easier to get a loan without a credit check than you might think.

These loans are available through lenders willing to look beyond your credit score. Instead, they look at other factors, such as your income or employment history, when deciding whether to approve you for a loan.

How do loans work without credit score requirements?

Loans with less strict credit requirements are simple. Once you apply for a no-credit-check loan online or in person, the lender will often look at the following factors during the approval process:

  • Your employment status
  • Your current income
  • Your income history
  • Your current debts and payment history

If you still don't meet the criteria necessary to receive a loan, you could look for a lender offering secured financing options. With a secured loan, you offer something of value as collateral, such as your car title. That way, if you cannot repay the loan, your lender will keep the collateral as payment.

Once approved for a loan without a credit check, you’ll receive the funds you requested in a lump sum or revolving credit line, depending on the type of loan you choose. Then, you’ll follow the repayment schedule in your agreement to pay it back.

Types of loans for borrowers with poor credit

If you don't qualify for a traditional loan, there are several types of loans designed for borrowers with poor credit, including:

Payday Loans

Payday Loans are small-dollar loans you pay back when you receive your next paycheck, typically in two to four weeks. A Payday Loan is a good option if you need cash now and can’t wait to receive your next paycheck. They also don't require a credit check, which can make it easier to apply and qualify for them.

Installment Loans

Installment Loans provide you with a lump sum of money all at once. They are a good option if you have poor credit and need more money than is available via a Payday Loan. You’ll repay an Installment Loan over time via fixed monthly payments or installments. In addition to larger amounts of money, Installment Loans offer more extended repayment periods.

Title loans

Title loans are a type of secured loan where you use your car as collateral. Once approved, you’ll give the lender your title in exchange for cash. The amount you’ll receive will depend on the value of your car, and you will get your car title back once you repay the loan. Car title loans allow you to continue driving your car even while your lender has the title.

Lines of Credit

Lines of Credit are flexible because they allow you to withdraw money whenever necessary, up to your set credit limit. You’ll only pay interest on the amount you borrow and not on your entire available credit line. Having a personal Line of Credit is kind of like having a credit card in that you’re approved to borrow up to a set amount, but a credit line usually offers lower interest for borrowers with bad credit.

How to get a loan with or without a credit check

To get a loan from any lender with or without a credit check, follow these steps: t

Research lenders

Countless lenders offer loans to borrowers with poor, fair, or no credit. Therefore, it's essential to do some research and find all the options at your disposal.

Compare loans

Once you discover a few lenders you like, compare the different types of no credit check loans they offer. Check their maximum borrowing amounts, interest rates, terms, and fees.

Collect your documents

After you decide on the lender and loan you prefer, figure out what documents you’ll need to apply. If you're applying for your loan in-person at an Advance America branch, you will need the following:

  • Your government-issued photo ID
  • Proof of an active checking account
  • Recent proof of income
  • Your Social Security number
  • A voided check (only in some states)

If you're applying for your loan online, you'll need:

  • Your Social Security number
  • A valid and active email address
  • An active checking account
  • Proof of income


Once you have the necessary documents, you can apply for the loan and submit your application.

Wait for approval and sign the loan agreement

When you apply for a no-credit-check loan from Advance America, the approval process takes just minutes. Once you're approved, all that's left to do is sign the loan agreement and wait for your money!

Receive your funds

If you apply for your loan online before 10:30 AM EST, the loan will be deposited to your checking account the same day. If you're applying in-person at an Advance America branch, you may be able to walk out with the cash in hand or have money added to your debit card.

If your loan isn’t approved until after 10:30 AM EST, you can expect to receive your funds on the next business day.

Why do lenders perform credit checks?

Lenders perform credit checks, also called credit inquiries, to assess your ability to repay a loan. By looking at a potential borrower’s credit score and report, lenders can see how they manage their finances and how risky they may be as a borrower.

If you have a history of consistent on-time payments, this shows lenders that you’ll likely be a reliable borrower. Those with multiple late payments and numerous debts, on the other hand, may seem riskier to lenders.

As a result, borrowers with poor credit will have a more challenging time getting approved for a loan. And, when they do get approved, they will likely face higher interest rates and shorter repayment windows.

Types of credit checks performed by lenders

Depending on the type of loan you're applying for, there are two types of credit inquiries lenders might perform:

Hard credit checks

Hard credit checks refer to in-depth examinations of your credit reports by potential lenders. Many lenders will perform a hard inquiry when checking your credit before approving you for a loan. Hard credit checks require your authorization, will show up on your credit report, and can bring down your credit score slightly.

Soft credit checks

Soft inquiries happen when you check your own credit or lenders want to see if you pre-qualify for a loan. Soft inquiries don't require your authorization, won’t impact your credit score, and will only be visible to you.

Depending on your lender, they might perform a soft credit check before approving you for a no credit loan.

You don’t need good credit to get an Advance America loan

Advance America offers a variety of no credit check loans with a fast and easy approval process, including Payday Loans, Installment Loans, and Lines of Credit.

Borrowers can fill out an application online or in-store, get approved in minutes, and receive their funds the same day they apply. Visit Advance America today to learn more about our no-credit-check loan options.

About the Author

Jalin Coblentz has contributed to Advance America since 2023. His experiences as a parent, full-time traveler, and skilled tradesman give him fresh insight into every personal finance topic he explores.

The Advance America advantage

Since 1997, Advance America has helped millions of hardworking people with a variety of financial solutions including Payday Loans, Online Loans, Installment Loans, Title Loans and Personal Lines of Credit.
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