Payday Loans No Hard Credit Check

Payday Loans with No Credit Check From Traditional Bureaus: Where to find them?

Even a small financial emergency can leave you feeling hopeless. Despite that, there are options that can help you get over this challenge and build a healthier financial future for yourself and your family. First, you may need to learn about what some people may call no credit check payday loans - loans with applications that do not use hard inquiries from the traditional credit bureaus. These may help meet your needs without hurting your credit score.

What are payday loans with no credit check from the traditional credit bureaus?

Payday loans typically let you borrow small amounts of money so you can pay for emergency expenses like car repairs and healthcare. With most payday loans, you need to repay the money you borrow quickly, usually within a couple of weeks, which is when the lender assumes you will get your next paycheck. Some lenders advertise “no credit check” payday loans. This can be misleading, although some lenders really don't perform any credit checks.

More often, the term means that the lender will perform a soft check (a basic check that can include your credit rating), or will check your financial history from sources outside the traditional three big credit bureaus (TransUnion, Equifax, and Experian).

The good news is that soft checks are visible only to you and won't lower your credit score. A hard check with a traditional credit bureau, such as one which could be performed by a bank, can lower your score.

How do these no hard credit check loans work?

With most no credit check payday loans, you go to the lender's location, fill out an application and wait for your money. You may also need to give the lender proof of income, such as a bank statement or a paycheck stub.

People who use payday loans usually like them because they can get cash quickly. Of course, they have to pay interest on the loan, but they would rather give extra money to the lender than pay late fees on their utilities, credit cards and other bills.

LendUp offers an loan-matching service as an alternative to regular payday lenders. First off, you don't visit in person to get money. When you borrow money wiht our help, you fill out your application on your computer or mobile device. Decisions are instant. If your LendUp loan request is submitted before 5 p.m. PT on a weekday, the lender will electronically transfer the funds to your bank account within one business day in case of approval.

See our FAQ for details.

What kind of payday loan alternatives are there?

If you're interested in a payday loan or in an installment loan, then you will probably want to get a short-term loan using LendUp to find the best loan offer.

LendUp's direct lenders may offer proven borrowers in some states longer-term loans, which are considered personal installment loans. These loans let proven borrowers borrow up to $1,000, and repay them in monthly installments instead of a single lump-sum. This is not the same thing as a no credit check payday loan, but it is one option that might be available to some LendUp customers in some states.

LendUp offers advantages over most traditional payday lenders. First, let's make it clear that some people get the services they need from payday lenders. They don't have any problems paying higher interest rates on small amounts of money, and they don't mind repaying their loans quickly. Other people want an alternative. That's when LendUp becomes helpful. LendUp is a loan-matching service that allows to get loan offers from several direct lenders at once.

This makes it easy for most people to secure the small amounts of money they need for emergency expenses. Of course, there's the benefit of applying for the loan online instead of going to a lender's store. Since you can submit your application from anywhere, you don't have to take time out of your busy schedule to borrow from LendUp.