Find out if you need a credit score + Other payday loan requirements

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

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

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.

LendUp Payday Loans

LendUp Payday Loans

Apply for a payday loan conveniently online and borrow between $100 and $250.

  • Min. loan amount: $100
  • Loan term: 7–30 days
  • Total costs: Depends on your state, loan product, loan amount and the term of the loan.
  • Must be 18+
  • No security deposit needed
  • Confidential and secure
  • Accepting new applications in the following states only: CA, LA, MS, MO, OH, TN, TX, WI

    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

    Rates last updated February 25th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

    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.

    Frequently asked questions

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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?

      • Staff
        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

      • Staff
        DanielleOctober 9, 2017Staff

        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.


    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

    Go to site