No credit check loans Canada

Your Past shouldn’t affect your Future

Having a bad credit score is one of those things that can happen to anyone. It does not mean you are an awful person. In most situations, you just lacked the knowledge to make better financial decisions, and no one should hold it against you forever.

A no credit check loan does that. It does not look up your credit score when you need to borrow money.


If you have bad credit or no credit at all, Cash Depot has got you covered. We are a private lender and offer no credit check loans easily and quickly. We do not share your personal information.

What is a no credit check loan?

A no credit check loan is a type of loan where the lender does not do a hard inquiry on the credit history of the borrower. Instead, the lender will use other information like income, proof of employment, and bank information to approve the loan.

Why should you not be doing a credit check?

If you have a poor credit score, you should not do a credit check. It will only aggravate your situation further. With any loan application you do, the lender will do a credit check. They store this information with the credit bureaus, and it will continue to implicate further your credit score. 

The more you do it, jumping from one lender to another trying to borrow money, the worse your credit score will get. It would be best in such a situation to only deal with a lender who offers no credit check loans.

Why rely on a no credit check loan? The Pros And Cons Of No Credit Check Loans

Everything has its advantages and disadvantages. A no credit check loan is no different.

Pros of a no credit check loan


  • Bad credit is accepted

If you have bad credit or a thin line of credit, you can access a no credit check loan easily.

  • Fast approval

Unlike traditional lenders who take time to review your loan application and may take up to 2 weeks, a no credit check lender takes less than 24 hours to approve a loan.

  • Fast access to cash

If you have an emergency, a no credit check loan is the go-to loan. Loan approval is in a matter of minutes, and you get the money fast to attend to your emergency.

Cons of a no credit check loan


  • High-interest rates

These loans come with very high-interest rates and short repayment terms. Many borrowers cannot keep up with the payments and end up taking a new no credit check loan to pay off the old loan leading to a cycle of debt.

  • Predatory lenders

Although most no credit check loan lenders are legit, some prey on borrowers. These lenders sneak in predatory terms and conditions on the loans and make it impossible for the borrower to pay back the money and trap them in a cycle of debt.


Are No Credit Checks Loans Safe?

Yes, they are safe, as long as you borrow from a legitimate lender. When borrowing, make sure you read the terms and conditions of the no credit check loan to protect yourself from a predatory lender.

How can I increase my chance of being approved for a no credit check loan?

To increase your chances of being approved for a no credit check loan, make sure you can show your income, employment stability, and your debt-to-income ratio since a credit score will not be in use.

What can a fast money loan be used for?

A fast money loan like a no credit check loan covers urgent expenses like emergencies, late bills, late fees, unexpected expenses, among other short-term urgent needs of money.

When will you contact me?

We are open Monday to Friday from 10 am to 6 pm (EST). If you make your application online during our business hours, a member of our team will call you or email you within the following hour. 

When will I receive the funds?

For any application made before 11 am (EST), we will deposit the money the same day. For applications made after 11 am (EST), we will deposit the funds within 24 hours. Applications made outside business hours are processed within the first hour of the following day of business.

Provinces served in Canada | No Credit Check Loans

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