Emergency Loans with No Credit Check
An emergency loan can give you fast cash when you need to cover the cost of a sudden expense. If you don’t have great credit, you may be wondering if it’s possible to get an emergency loan with no credit check. Let’s dive deeper into how emergency loans work, whether you can get one with no credit check, and types of emergency loans that may be available to you.
What is an emergency loan?
With an emergency loan, you can receive the money you need to pay for a financial emergency. In many cases, the lender will distribute your funds quickly so you can take care of your expenses right away.
An emergency loan can be a great option if you don’t have the cash on hand to cover a leaky roof, flat tire, or other expense you never saw coming.
Can I get an emergency loan with no credit check?
It can be difficult to find an emergency loan that doesn’t require a credit check. Luckily, many lenders will consider factors in addition to your credit score such as your income and employment history. This means you may get approved for an emergency loan even if you have poor or fair credit.
Types of emergency loans
There are several types of emergency loans, including:
Payday loans are short-term, small dollar loans you can repay when you get paid next, usually within two to four weeks. They may make sense if you need a few hundred dollars to hold you over until payday.
With installment loans, you can receive a lump sum of money upfront and pay it back over time via fixed payments or installments. If you’d like a large amount of cash at once, an installment loan may be a good option.
Car title loans are secured loans that use your car as collateral. The value of your vehicle will determine how much money you receive. Upon approval, the lender will give you a lump sum of cash in exchange for your vehicle title. You can keep driving your car as you repay the loan.
Lines of credit
Lines of credit are a lot like credit cards. You can withdraw as much or as little money as you’d like up to your set credit limit. You’ll only pay interest on the amount you borrow.
Benefits of emergency loans
Here are some benefits of emergency loans:
Easy application process
Many lenders will allow you to apply for an emergency loan online from the comfort of your home. Applications for these loans are typically easy to fill out and may only take you a few minutes to complete.
Receive funds quickly
You won’t have to wait long to receive the money from an emergency loan. Depending on the lender, you may get the funds in your bank account the same day you apply or within 24 hours.
Good credit is not needed
You don’t need good credit to get an emergency loan. Many lenders will look beyond your credit and approve you based on other factors.
How to apply for an emergency loan with or without a credit check
To apply for an emergency loan with or without a credit check, follow these steps:
- Compare lenders: Do some research and figure out which lenders offer emergency loans.
- Choose the right option: Look at factors like the loan amount, interest rate, repayment terms, and fees so you can select the right emergency loan for your situation.
- Gather documents: Before you apply for an emergency loan, collect documents you may need like your driver’s license and pay stubs.
- Fill out and submit your application: Go to the lender’s website, fill out the application, and double check it before you submit.
- Receive your funds: If you’re approved, the lender may distribute your funds quickly, likely through direct deposit, a check, or a prepaid card.
Get an emergency loan from Advance America
Advance America offers emergency loans that can get you funds as quickly as the same day you apply. You can complete an online application in minutes and may get an instant approval decision. Best of all, our loans don’t require good credit for approval. You can choose from payday loans, installment loans, title loans, and lines of credit. Visit Advance America today to learn more.