No Credit Check Installment LoansHowever, there are many direct lenders for no credit check loans. You can choose from 30 day loans or long term installment loans and take your time to pay it off. Due to different state laws and regulations on consumer loans, you may not have access to all available types of payday loans and cash advances. On the other hand, these high risk personal loans can be very expensive because the lenders have to frequently deal with borrowers that are not able to pay back. Even though lending terms and rates will vary slightly among lenders, you are not likely to get any significant discounts from any legit lenders for borrowing $2000 with no credit check.
Short term unsecured loans are designed to be paid back within 30 days. However, you can get installment loan lenders with no credit check to give you longer term loans. It is possible to borrow $5000 for 12 months or longer, depending on how you schedule the monthly payments. If you are trying to rebuild your credit score, choose a longer payment period so that there is very little risk of being late or cannot afford to pay a month's payment.
No Credit Check Loans For The UnemployedCan an unemployed person get an unsecured loan with no credit check? The question here is whether you still have a stable income or not. For example, you may be receiving monthly benefit payouts or even stock dividends etc. Some loan companies allow you to take a $1500 loan with no job because you still have the means to pay them back. Alternatively you can consider borrowing cash against collateral, such as a pawn shop loan if you have very bad credit. There are no credit check to get frustrated with at such lenders.
$2000 Unsecured Cash AdvanceAnother way to get a no credit check cash advance with flexible payment dates is to use your credit line. If you have a credit card, you will be able to get an overdraft up to your credit limit. You do need to make the minimum monthly payments on time, on hefty penalty fees will be levied by the credit card company. Do note that you can take a very long time to pay off the balance if you stick to just the minimum amount, so a $2000 unsecured credit card cash advance can become very expensive. In other words, all you are paying every month is just the interest and financing fees. You still owe the banks pretty much the same amount you borrowed!
Beware that instant bad credit loans are easily approved and nearly anyone can borrow money from these lenders, but you may get trapped with serious debts because you cannot pay off the loan on time. The interest fees can quickly add up into a big amount and continue to accumulate. Consider all your options before agreeing to a bad credit loan above $3000.