What Are My No Credit Check Loan Options?

Here are some of the most common loan options if you have bad credit and can’t get funding from a traditional bank. 

Payday Loan

Payday loans have incredibly high interest rates, often 300% or more APR, and charge exorbitant fees to rollover your loan to the next pay period if you don’t have the cash available when the balance comes due.

Pawn Shop Loan

If you have something of value, such as jewelry or collectibles, you can take it into a pawn shop in exchange for a loan against the value of the item.

Title Loan

Almost as ubiquitous as payday loans, title loans allow you to take a loan out against your vehicle title. With a title loan, if you own your car free and clear, you can use it as collateral to get a loan.

Loans from Relatives or Friends

Thinking outside the box, another source of cash without a credit check would be by taking a loan from family or friends. If you go this route, the terms and structure of the loan can be very flexible – whatever you and your friend decide.

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