If you’re in need of money, sometimes a standard loan just won’t do. You may not want your credit to be run or for a loan to appear on your report. However, if you need a smaller loan you can find some lenders that will do so with no credit check. Whatever the reason may be, there are plenty of ways to get money without a credit check.
1. Get a Refund Loan
Up until about April each year, you can apply to get a refund anticipation loan (RAL) with many major tax preparation companies. As long as you are expecting a federal income tax refund, you may be eligible for this loan. This is a fast method to get the money you need. Do consider the timing of these loans also. If you can wait a week or so, e-filing could have all your money in your bank account.
2. Apply for Assistance
If you are behind on your bills or experiencing a recent income loss, you should apply for assistance. There are many programs available to help those with low to no income. Some of the services you can expect include:
Assistance to pay your utility bills
Assistance to cover part or all of your rent
Provide a debit card to cover food expenses
Provide donated clothing
Cover a portion of your child daycare expenses
As these methods don’t exactly put cash in your hands, this does eliminate the need for you to spend your cash on these services. So you can free up those dollars and apply it where you need it the most. You can check for assistance from the government, local churches, and social organizations.
3. Take a Loan Against Your Life Insurance
If you’re paying for whole or universal life insurance, you may be able to tap into the cash built up in the plan. Sure, your life insurance policy is meant for your untimely death, but if the situation calls for it, you can use it towards your advantage. Contact your insurance carrier and see what your cash availability is now. Once you take the funds, this will decrease your policy’s value. While it’s not a loan you are required to pay back, you are allowed to pay it back in increments.
4. Return or Sell Recently Purchased Items
Selling items is a fast ticket way to make money on the side without a credit check needed. However, if you’ve been through this process, what do you have left in your home to sell? One thing that’s often overlooked are items you’ve recently purchased. You can either return these items back to the store or sell them to others.
Scalp your rock concert tickets
Take a gift item to the store for store credit
Sell your gift cards at a discount
Return clothes that still have the tag on them
Remember, your items are worth as much as someone is willing to pay for them.
5. Rent Out Your Car
If you own a car, check out sites that let you rent out your idle vehicle. This works well if you live in a major city. RelayRides.com and GetAround.com are two sites to start off with. They run the appropriate checks for you to ensure you’re not lending your vehicle out to a thief.
The above five methods will help get you money without a credit check. They may take a few days to get, but it’s a great alternative than applying for a credit check loan.