How can I get a loan without a credit check?

First things first if you’re looking for no credit check loans, consider that a credit check is not always a bad thing. It can help a lender determine if a loan is a good idea for you and, if approved, will not leave you at risk of being placed under unnecessary financial pressure. These days, bad credit might not be the end of the road in your lending journey. There are lenders able to offer personal loans to applicants with bad credit, by considering how they currently make and spend their pocket cash in conjunction with their credit history.

Pocket Cash is a lender-finding service that can find lenders offering bad credit loans, fast. Most lenders do conduct credit checks, however, the lenders that Pocket Cash find could provide you with bad credit loans! So, there may not be any need to worry if you have bad credit.

Bad credit loans can be for amounts from $2,100 to $10,000 and have different repayment periods and terms depending on the model.

If you’re searching for no credit check loans, chances are you’ve had a loan application rejected in the past because of bad credit. While they might seem like the ideal solution on the surface, no credit check loans aren’t all they’re cracked up to be. Here we’ll fill you in on what exactly no credit check loans are, the alternatives that are available, and how Pocket Cash can help you.

What are ‘loans no credit check’?

No credit check loans are pretty self-explanatory – they are loans that are granted without requiring a credit check. For those with bad credit, this can seem like a blessing on the surface. If you’ve already searched around online, no doubt you’ve seen a number of sites making fanciful promises like “instant cash loans no credit check unemployed.” Sounds a bit too good to be true, right? Possibly.

When you apply with Pocket Cash, you may be paired with a lender who does a credit check, but don’t worry – it’s actually a good thing! When lenders adhere to responsible lending practices, as any that you borrow from should, a credit check should be done as part of their final assessment. The more a lender knows about your financial circumstances and history, the better equipped they’ll be to determine if their loan products are a suitable solution for you. 

Some lenders, like the ones we’ll aim to pair you with, are more understanding of bad credit than traditional lenders. They realise that having bad credit doesn’t necessarily define you or your ability to repay a loan and may be able to assess you based on how you manage your money at the moment. If your credit is poor, they’d possibly be able to offer you bad credit loans.

PocketCash does not conduct credit checks. Rather, the lender we pair you up with may conduct a credit check as part of their loan assessment process. 

What are bad credit loans?

Bad credit loans can be a welcome relief for those with bad credit. If you’re in need of a cash injection for whatever reason, the last thing you want to be told is that you can’t get it because your credit score isn’t up to scratch. Bad credit loans can allow you to access the funds you need in the short term while your credit score is improving. Not only that, but they can be used for a wide variety of purposes.

For instance, you might need cash in a pinch for an emergency. Whether that emergency is needing to take the dog to the vet or getting your car fixed, bad credit loans can help. With all that stress out of the way, you might be looking to take a holiday – bad credit loans can help pay for that too! Make your days of searching for “emergency cash loans no credit check” a thing of the past and apply with Pocket Cash to find lenders today!

What is bad credit?

Bad credit refers to your credit score, which is a number based on your credit file that indicates your creditworthiness. Bad credit can be caused by a number of things, but perhaps the most common is making late payments or even missing them entirely. This applies to loans you may have taken out in the past, but it’s also relevant for rent and bills as well. That’s why staying on top of your financial commitments is so important.

Your credit score exists on a scale from 0 to 1,000 or 0 to 1,200 depending on the credit reporting bureau you obtain it from. There are four in Australia: Experian, Equifax, Illion and Tasmanian Collection Bureau. We’ll focus on the first three because the latter only applies to residents of Tasmania. These bureaus collect, store and distribute data about a borrower’s financial history. Below is a table of the credit bands from those three bureaus we mentioned.

Table of Credit Scores

Thankfully, it is now easier than ever to check your credit score. You can do so online and for free on multiple websites. Some of the main ones are Creditsavvy for Experian, Getcreditscore for Equifax and Credit Simple for Illion. If you want to find out more about credit scores, we recommend checking out ASIC’s MoneySmart website. You could also try a tool like Finder Credit Score or, better yet, Tippla.com.au which offers multi-bureau credit comparison that would help you get a comprehensive look at everything a lender or service provider might see when looking at your file. 

Why do people search for no credit check loans?

What drives many people to seek out no credit check loans is their bad credit. Because of this, they believe that they simply won’t be able to get a loan unless there’s no credit check involved. When it comes to the banks, this is most likely true. The banks use your credit score as one of the primary indicators of your ability to afford a loan. So, the lower your credit score is, the more expensive your loan terms will be. If your credit score is low enough, a bank might flat out refuse to provide you with a loan.

Lenders Pocket Cash find don’t look at bad credit the same way. They aim to look at the bigger picture by considering other factors, such as your bank statements and spending habits. This ensures a much better understanding of your current relationship with money. So, even if they don’t do no credit check loans, they could offer you the finance you need!

Enter Pocket Cash & online lenders

For this reason, more and more people are now turning to the world of online lenders. Those who have had bad experiences with banks in the past might think that they need to search for things like “easy loans no credit check.” However, the beauty of the lenders that Pocket Cash deals with is that your credit score is not the be-all and end-all. While they may indeed conduct a credit check, you will not be instantly rejected simply because you have bad credit. Lenders are often more concerned with your current financial solution.

In our opinion, your credit score only tells a small portion of your overall financial story. It is entirely possible that you may have bad credit due to some unfortunate happenings several years ago, but you have adequate income to pay for a loan. Where a bank might still reject you, a lender may be more willing to give you the cash you’re after. That’s the beauty of using Pocket Cash to find bad credit loan providers, rather than searching for “cash loans no credit check fast approval” on your own.

Can Pocket Cash help me get bad credit loans?

Pocket Cash is not a lender, so we don’t directly provide loans. However, what we can provide is a lender-finding service. So, while we can’t give you the cash you’re after, we can help you find a lender that can do just that.

Perhaps you’ve already dipped your toe into looking for a lender by searching for something like “cash loans no credit check.” No doubt you saw the countless pages of search results and might have felt overwhelmed by the sheer amount of options. We don’t blame you. When you’re new to the lender-finding fame, it can be difficult to know where to start.

That’s why it can be helpful to have seasoned professionals like Pocket Cash on your side. We’ve been around the block a few times, so we know what we’re doing. We have a proven system that can find lenders for our customers, and it’s a little more sophisticated than searching for “fast loans no credit check” online. With our wealth of knowledge, we know which lenders are able to provide loans to people with bad credit.

So if you’re wanting to find a lender, know that you don’t have to do it alone. With Pocket Cash, you can find a lender easier and faster than you can on your own. Pocket Cash is here to help!

Why should I apply with Pocket Cash?

Pocket Cash can be super helpful if you’re looking for a lender. Here are four reasons why our lender-finding service is so great.

1. Save time
   If you’re looking for a loan, your ultimate goal is to get the cash you’re after as soon as possible. Why waste your time sifting through every single online lender and comparing terms? With Pocket Cash, you can trade in endless hours of research and multiple applications for a single form that takes just a few minutes to complete. We can do the lender-finding for you, while you focus on more important things.
2. Online applications
   In the modern world where everything moves so quickly, the old way of paper applications is outdated. Without a doubt, most people simply don’t have time to make appointments or take time out of their busy lives to wait in queues. That’s why Pocket Cash’s application process is entirely online. Not only does this mean that you don’t have to worry about keeping track of paperwork, but you also have the freedom of convenience. You can apply at a time and place that works for you.
3. Straightforward process
   There’s no jumping through hoops, pages and pages of details to fill out or complicated financial jargon to decipher. Since all you have to do is check that you’re eligible, submit a quick application and we’ll take it from there. It’s lender-finding made easy!
4. Quick Outcomes
   The sooner you can get the cash you need, the better. With this in mind, we waste no time in delivering the outcome of our search to you. If we find a lender for you, we’ll put you in touch with them as soon as we can. Your journey with Pocket Cash is done, and your loan could be just around the corner.

How do I apply?

Applying with Pocket Cash is super easy! Our entire process takes just three simple steps.

Check your eligibility

Our aim is to help as many Australians as we can find the lenders that they’re looking for. In order to do that, we will need to make sure that you’re eligible for our lender-finding service. We don’t need you to check off a long list of criteria; just four things that allow us to start the process of looking for lenders. You must:

• Be 18 years of age or over;
• Be an Australian citizen or permanent resident;
• Have received a regular income into a personal bank account for at least the past 90 days;
• Have internet banking set up;
• Have a valid phone number and email address.

In short, if you fit those criteria, you’re ready for the next step!

Fill out an application

Ah yes, the dreaded application for loans with no credit check. You might be envisioning page after page of forms to fill out, asking for random obscure details that you can barely remember and bear little relevance to what you’re applying for. However, that’s not the case with Pocket Cash! We know how painful and tedious applications can be, which is why we’ve made ours the complete opposite. There’s just one short form to complete, and we only ask for the information that we need to search for lenders.

Wait for your outcome

Once you click submit, your work is done and it’s over to us to do our thing. You can sit back and relax or go about your day as normal while we search for lenders. If we find one for you, we’ll put you in touch with them as quickly as possible. Just like the rest of our service, efficiency is our goal.

Don’t go chasing no credit check loans – apply with Pocket Cash!

Hopefully, we’ve convinced you that you don’t need to search for “medium loans no credit check” in order to get a loan. There are a number of online lenders out there willing to lend to those with bad credit, and Pocket Cash can help you find them. Say goodbye to the slow lane. Say hello to a straightforward process, paperless applications and fast outcomes when you apply with Pocket Cash!

We understand that searching for a lender and applying for a loan is a big commitment to make. That’s why we are more than happy to prove to you that Pocket Cash is a fast, straightforward way to find lenders. Our website has plenty of information if you’d like to find out more about our lender-finding service and how it works. Our About Us page can tell you more about why we do what we do, and there are some possible example loan repayment structures in our Costs section.

Unsure about anything? To summarise, we’ve compiled a list of answers to popular FAQs that might give you the answer you’re looking for. If not, please feel free to Contact Us, because we love hearing from our customers and we’ll do our best to help you out.

Don’t let bad credit get in the way of getting a loan! Apply with Pocket Cash today, and let’s see if we can find a lender for you!

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If you’re searching for ‘no credit check loans guaranteed australia centrelink’, stop. Take a look at our guide to no credit check loans, first.