Do you need to get a same-day loan without a credit check? That could sometimes sound impossible, but I’m here to bring good news. It’s possible to get a loan the same day you apply without passing through a credit check.
But before I show you how, let’s understand more about same-day loans and credit checks.
What is a same-day loan?
A same-day loan is the kind of loan you get a decision and the funds at your disposal within one business day. In short, you get the funds ready for use the same day that you apply for the loan.
Anyone could wish for these kinds of loans, especially during these unpredictable times of covid-19. Imagine getting funds ready for use within a few hours. Then, of course, you will be happy because that pressing emergency need will be over in a few.
What is a credit check?
I know this could be a phrase that could cause goosebumps when most people hear about it. I’m sure about that because people have bad credit scores that could make them miss good borrowing opportunities.
Lenders would conduct credit checks whenever a borrower approached them to get a loan from them. Most lenders would love to work with people with credit scores of 670 and above.
Credit score ranges from 300 to 850. Here is how your credit score means at each stage:
- 300 to 579—poor
- 580 to 669—fair
- 670 to 739—good
- 740 to 799—very good
- Above 800—excellent
So, if you have a credit score of less than 580, it means that you are on the wrong side of the credit score. And with that, you wish to get a same-day loan without a credit check.
Now, the question is…
How do you get a same-day loan without a credit check?
Regardless of your situation, lenders are still willing to listen to you, even with a bad credit score. To add to that, they will not even run a credit check while you are applying for a loan.
Viva Payday Loans
Vivapaydays is a lending platform where you will meet with multiple lenders willing to help you out. On this site, you can also get an unemployment payday loans 1 hour. Therefore, if you have an emergency, you will sort it out soon enough.
On Vivapayday loans, you can get a loan starting from $100 to $5000. Furthermore, you will have to repay the loan in two to 24 months.
As you can see, Vivapayday gives you humble time to repay the loan without much pressure. In turn, that will help you to budget accordingly and achieve your financial goals through saving money.
The APR on the site ranges from 5.99% to 35.99%. This APR is cheaper than a typical payday loan which starts from 400%. However, to qualify for a loan on this site, you have to prove that you earn more than $1000 monthly.
BadCreidtLoans is a platform where it matches borrowers with potential lenders. Here you will get a suitable lender to give you money within a few hours. In addition, the lender will not concentrate on your past credit reports. All they need is proof that you can afford to repay the loans.
However, don’t worry about bad credit because the lenders do not run credit checks on their borrowers. Here, you will get a loan from $500 up to $10,000. Similar to Vivapayday, the APRs here start from 5.99% to 35.99%.
The loan terms start from 3 months to 6 years. BadCreditLoans gives you the most extended periods to repay your loan, hence giving you chances to do other financial goals.
MoneyMutual is another platform to match you with potential lenders who give you same-day loans with no credit checks. With MoneyMutual, you will get a loan within one business day. Therefore, they are not that bad at dealing with emergency needs.
The APRs here depend on the loan amount that you apply, but I bet that they are not that costly. You can get loans here up to $5000. The lender you get is the one who determines your loan term and other loan requirements.
Personal Loans is yet another site where they will match you with a potential lender. The lenders will not run credit checks on you. In addition, the money can be available in your account for use within 24 hours.
On this site, you can get loans of up to $15000, making it the one that can offer an enormous loan amount. In addition, the loan terms can start from 3 months to 72 months.
As much as the APRs can depend on o the lender’s conditions, they usually range from 5.99% to 35.99%.
Remember always to take a loan that you can comfortably repay without much pressure. Bear in mind that you will need to stay a debtless life for you to enjoy the fruits.