How to get a Loan With no Credit

If you urgently need money with a bad credit score, try a personal or payday loan.

There are a lot of loan options available nowadays, and it can be a little confusing to know which applies to you. Everyone’s financial situation differs depending on their employment and other factors such as whether they have an accessible savings account. If you need a loan and don’t have the time to complete a credit check, or even if you have a bad credit score limiting your options, these are some ways you can secure a loan with no credit. 

Personal Loan

Personal loans are some of the most widely used forms of loans that don’t require credit checks. They tend to be more secure and offer longer repayment time frames. This means that you can incorporate the amount into your monthly budget and gradually pay the loan provider back.

Personal loans don’t need to use credit checks because they often feature smaller amounts borrowed. Another feature of personal loans is that they don’t rely on assets such as housing or vehicle value to ensure repayment, which is where they get the name “unsecured loans” from. However, in the context of avoiding a credit check or for those with bad credit rates, a personal loan could offer the most flexible yet secure form of cash. 

CreditNinja’s personal loans provide secure personal loans at fixed rates. This means that while the repayment periods might be a little more demanding, you can access cash when you need it. This can allow you to gain control over your personal finances, and prevent additional debts from emerging. Personal loans are the best option for those needing relatively small amounts of cash to cover issues such as urgent medical treatment or even consolidating debts. 

Payday Loan

Another option for loans without credit checks is a payday loan. This is defined by borrowing an amount of money from lenders and agreeing to repay some or all of the amount on your next payday. It works similarly to a post-dated check. As long as you can allow for the amount to reduce your monthly salary, then this is another reliable option. One of the main uses for payday loans is helping you through unforeseen circumstances or urgent situations, which is why a lot of the benefits of a payday loan are that the application is simple and has some of the fastest approval times. 

Benefits of Personal and Payday Loans

Something that appeals to a lot of people about these types of loans is that they are fast, reliable, and don’t need any credit checks. This is part of what makes the approval process almost immediately and is important for people who need money fast.

There is no need to use assets as deposits or security, which means that people with less valuable possessions can access loans regardless of where they live or how much their average income is. Helping you through difficult times is something that these types of loans have been designed for. Not having to worry about money will provide you with comfort and a feeling of security when you need it most. 

Possible Drawbacks 

While fast loans are mostly secure, there is the risk of using a less-reputable lender. This has the potential of providing your personal information to the wrong people, which can be damaging to your account. Scammers are becoming more intelligent, which is why you should consider using secure providers such as CreditNinja. In addition, the amounts are usually lower than other loan options. This is another drawback of fast loans, but it is recommended that you rely on these for unforeseen circumstances or emergencies rather than for more significant things like buying a new car or moving house. 

Financial Advice

If you find yourself in times of hardship and need help managing your accounts, then it could be worth seeking financial advice. A lot of money lenders offer free advice and can show you how to improve your credit score. If you have a poor credit score or haven’t had the opportunity to work on one yet, then a professional can show you how to create better financial habits. Not only that, but you can improve your credit score over time. This can allow you to access better loans with more flexibility and even secure a better mortgage rate in the future. 


The main options for someone who needs money without a credit score are personal loans and payday loans. They are secure loans that allow you to access smaller amounts of money over short periods. When compared to other loan options that include more flexibility, it is suggested that you use these types of short-term loans when you need cash fast.

Avoid relying on personal and payday loans consistently, as this can affect your credit score. Additionally, most secure loan providers will offer financial advice or a free consultation. This can help you to build better habits that can improve your credit score over time. Both personal and payday loans have their own pros and cons, and it is worth following the link above for more detail about CreditNinja’s personal loans.

Published December 10th, 2021