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Do I need a credit score to get a payday loan?

Find out what it takes to get a short term loan.


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It’s tough to get a loan when you’re just starting to build your credit history. The system of having to have credit to get credit — unless you take out something like a secured credit card or have a cosigner — can seem impossible.

But now you’re stuck in a spot where you need to borrow cash — and fast. Personal loans generally require good to excellent credit, and maybe you don’t want to open yourself up to the temptation of a credit card. If you’re considering a payday loan, here’s what you need to know about qualifying and credit scores.

Do I need a credit score to get a payday loan?

The short answer is no, you don’t need a credit score. Payday lenders often do not check your traditional credit score. If you’ve stumbled along the way financially or you haven’t yet built a credit history, you could still qualify for a payday loan.

Just because a lender doesn’t check your credit score, it doesn’t mean you’re guaranteed a loan. You still have to meet the other eligibility requirements. If you come across a provider promising guaranteed approval, be wary — a legitimate lender will not make promises it may not be able to keep.

Even if you don’t know your credit score, you probably have one.

If you’ve had bills in your name, you could have established credit history and a score that you don’t even know about. Learn how to check your credit score.

What qualifications do I need to get a payday loan?

You’ll generally see different qualifications based on the lender you’re considering. But there are a few universal standards that you can expect. In general, you must:

  • Be at least 18 years old (or the age of majority in your state).
  • Be an American citizen or a permanent resident of the US.
  • Be able to provide proof of regular income.
  • Have a checking account.
  • Have a valid phone number and email address.
  • Be a resident of a state where payday loans are legal.

Compare online short term loans

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Check Into Cash Payday Loan
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

Do payday lenders perform credit checks?

Many payday loan providers don’t require a hard credit pull on your credit report. What that means for you is that there’s likely not going to be any information requested from the three main credit bureaus: Equifax, Experian and TransUnion.

Though those three credit bureaus are likely to go unchecked, some lenders will pull from an alternative source — Teletrack.

What is Teletrack?

Teletrack is a consumer reporting agency that keeps track of defaults and missed payments on short term loans. Teletrack also verifies Social Security numbers and shows previous inquiries.

Some lenders will advertise “No Teletrack,” meaning they won’t even check that report. If you’re looking for one that doesn’t check with Teletrack, you may want to ask yourself why they’d be willing to overlook getting this information — and evaluate whether a payday loan is right for you.

What else should I consider before applying for a no credit check payday loan?

To make sure you’re applying with a legit lender, check that the lender has some sort of criteria for you to meet. If a lender advertises “guaranteed” loans, it’s likely a scam. You’ll still need to meet other requirements, such as minimum age and state of residency, to get any loan even if the lender doesn’t check your credit. You can read our article on no credit check payday loans to learn more about the potential dangers.

If you have bad credit because of missed payment or defaulting on previous loans, you may want to reconsider taking out another loan. Some payday loan alternatives include making extra cash through side gigs and getting help from social services.

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4 Responses

  1. Default Gravatar
    TrishaNovember 5, 2017

    I own the car. my daughter gave it to me but for insurance purposes we left the title in her name. i want to apply for a title loan in my name. can she authorize the loan on the title?

    • Avatarfinder Customer Care
      HaroldNovember 5, 2017Staff

      Hi Trisha,

      Thank you for your inquiry.

      Payday lenders are not known for requiring collateral — even if you have poor credit. If you’d prefer to use collateral to secure the loan, you may want to consider an auto title loan which uses your car title as security.

      I hope this information has helped.


  2. Default Gravatar
    LeslieOctober 9, 2017

    My credit is fair due to divorce and being scammed, do I still have a chance to receive a loan with no checking account? My ex-husband used my name and social security number for his own gain . Can you please help me? Thank you

    • Default Gravatar
      DanielleOctober 9, 2017

      Hi Leslie,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You may refer to this page for options that may suit your needs. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

      I hope this helps.


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