If you have bad credit, you can still get a loan with no credit check. Be forewarned that some of the bad credit lenders may be fraudulent. To help you choose the right lenders who give funds to users with bad credit to ease your troubles, here are three no credit check lenders.
1. FundsJoy — Overall best loan company
Founded in 2010, FundsJoy’s main goal is to find short-term borrowers and lenders and link them together. They have one of the biggest lending networks in the U.S., and they do not require a credit check.
FundsJoy was created when its founders realized that almost 50% of Americans could not come up with $400 in an emergency. Since the company began, they have helped well over 2 million people find funds to cover unexpected expenses.
Because FundsJoy is an online service, it has made borrowing and lending a lot easier since anyone with internet access can join the site.
Pros:
- No initial fee
- Follow simple steps for loan approval
- Receive funds in as little as 24 hours
- Over 60 reliable lenders are available
- Matches borrowers to lenders by their specific needs
- No extensive background checks
- Ensures security of customers’ information
Cons:
- Once a loan contract is signed, the site does not take any responsibility in case of problems.
Customer experience:
With overwhelmingly positive reviews online and over 2 million satisfied customers, FundsJoy excels.
Not only do they have long-term customers, but they also receive new customers through referrals, confirming their positive reputation and credibility.
Click here to visit the official website of FundsJoy.
2. BadCreditLoans — Best site for emergency loans
BadCreditLoans works similarly to FundsJoy, as it also connects lenders and borrowers. As the name suggests, it was created for people who find it difficult to get loans because of their bad credit scores. Since the company started in 1998, BadCreditLoans has helped over 750,000 customers get loans.
Their website is helpful for personal loans as well as for business loans for owners who want loans quickly. Once approved, cash is available as soon as 24 hours after you sign your contract.
Pros:
- Very user-friendly website
- Borrowers can apply to multiple lenders with just a single application
- Serves people with bad credit scores
- Helps boost your credit score
- 24/7 customer service
- Offers other services like debt relief and credit repair
Cons:
- Interest rates can be set high
- Rated low by the Better Business Bureau
Customer experience:
Looking at BadCreditLoans as a whole, they are a credible source that users have found reliable and trustworthy. Satisfied customers praise the company for its swiftness, approval rate and funding time.
Click here to visit the official website of BadCreditLoans.
3. CashUSA — Provides loans and financial education
CashUSA’s online marketplace helps you obtain personal cash loans without credit checks. Submit a single application on CashUSA’s website to get a list of reputable lenders who might grant your loan.
A unique feature of CashUSA’s site is their education center. Here you can access articles about financial topics like eliminating debt, raising credit scores, paying down student loans, choosing a financial adviser and budgeting. Therefore you will not only receive a reputable lender, but you will also receive information on how to improve your financial life.
Pros:
- Offers loans to fit your financial needs and profile
- No application fee or initial fee
- Great customer service
- Easy application and quick approval rate
- Great for borrowers with a poor credit score
Cons:
- Borrowers must have an income of at least $1,000 per month to qualify for loans
- Some lenders can charge high interest rates
Customer experience:
CashUSA customers say they are happy with their decision. The company has proved itself to be helpful in terms of quick and reliable loans without a lot of hassle.
Click here to visit the official website of CashUSA.
Some with poor credit can still get emergency cash
Just because you have poor credit does not mean you can’t get emergency cash. No credit check loans have helped a lot of people get back on their feet.
Before you accept any loan, read the terms and conditions, which include the fees and APR, from every lender. Then you can decide whether the loan is worth it.