To get an $800 loan, you can apply online with reputable brokers like WeLoans. However, there are no loans that come with no credit checks. Every lender needs assurance that a borrower will be able to pay back the loan on time. So, it is best to avoid ads saying that loans are being given out without any credit check because such deals may have a hidden catch.
Still, most online lenders don't always perform traditional hard credit checks which affect your score negatively, rather they perform soft credit checks to approve your application.
Different Types of Loans You Can Get with Soft Credit Checks
Payday Loans
Payday Loans are short-term loans that are to be repaid by the next month or whenever your next paycheck comes in. People with bad credit scores can also apply for payday loans since the eligibility requirements aren't too strict.
However, payday loans always have interest rates, so you should opt for this type of loan only when cheaper options are unavailable.
Installment Loans
These are long-term loans usually taken out for a period of 2 to 7 years. The interest is lower and that too is split along with the installments. The monthly repayments are decently sized; therefore most people won't have much trouble affording them.
Title Loans
If you have a car title in your name, you can use that as collateral to get a title loan. A bad credit score rarely affects your chances of getting approval for this loan because the vehicle title serves the purpose of surety.
Defaulting can lead to losing possession of your car title, so be sure to pay off the full amount of the loan on time.
Best Places to Get a Loan for $800 without Hard Credit Check
Online Lending Companies
Online lending companies, including online lenders and online brokers like WeLoans, offer you different types of loans with less strict qualification requirements. They save you the trouble of visiting physical loan stores and waiting in a long line.
It is always suggested that you compare different online lenders with their loan offers before getting an $800 loan. Be aware of the loan terms, fees, interest rates, and repayment policies.
Family and Friends
If you have close connections with your family or friends, it is always better to borrow money from them first. Depending on the situation, you might not have to go through the hassle of formalities, such as preparing documents, submitting an application, and getting credit checks.
Regardless, it is always good to pay off the loan in time to avoid any family feuds or fights with friends.