I think there are times when a person gets a little stressed due to a personal cash shortage, and due to that stress starts to lose a little of their ability to reason. Such is the case with folks who are looking for unsecured loans with no credit check. Yes, I realize that between 2002 and 2007 (give or take) the entire lending world seems to have lost its mind and started throwing mortgage-sized amounts of money at anyone with a pulse. I think an unfortunate side effect has been that people who have absolutely no business borrowing money have gotten the idea that not only can they borrow money, they can do so without having the lender investigate their ability to repay and without providing the lender with a shred of security.

Folks, this just isn’t very reasonable. From the time you borrowed five bucks from your big brother to go to McDonald’s as kids you learned that a lender wants to have a reasonable expectation that he or she is going to be paid back. In your big brother’s case he happened to live with you and if you didn’t pay up he could thump you (or maybe just have your parents pay him back out of your allowance). In any case, lenders have to check your credit or have some form of security so they know that they’re probably going to be repaid. It’s common sense.

Now, just because I think it’s going to be very hard for you to get no credit check instant unsecured personal loans, doesn’t mean you can’t get any loan at all. You could very well get a secured loan with no credit check, where you actually give the lender some form of collateral they’d be able to sell if you happened to disappear forever with their money. You might also be able to find an unsecured loan with a credit check. After all, they don’t mind lending money without collateral as long as they can get a good look at your credit history and see that you have a track record of making your payments.

So, be reasonable. If you need to borrow some money, do so with the lender in mind as well. If they want to stay in business they need to be careful with their money, and that means either checking your credit or securing some collateral before giving you a loan.

Anybody who ever applied for any kind of loan would love to have the bank skip the credit check. The whole situation can be very uncomfortable, right? You have to give them all this personal information about yourself, including your social security number (and who feels safe doing that?), and then they click a few buttons on the keyboard…so they can come back and say that because you missed one car payment in 1994 they’re not going to approve you for the loan you really need. I say no thanks. I’d much rather have no credit check unsecured loans.

The great thing about an unsecured loan with no credit check is that a) they’re not going to even bother looking at your credit as part of deciding whether you’re qualified, and b) the loan is unsecured, so you don’t have to provide any form of collateral whatsoever.

Alright, we just have to be real here. If you think you can get a loan with these characteristics you’re a little loopy, and that’s putting it kindly. What you’re essentially saying to the bank is “Give me a loan based on nothing but my good looks and handshake.” You’re asking them to lend you money when you’ve clearly left some other lender with zilch in the past – that’s how your credit got messed up in the first place.

You either don’t want to provide any collateral, or you don’t have any to offer them – so it really comes down to you asking the lender to trust your best intentions and completely ignore your past transgressions. Do you think that’s a fair proposition?

Now, I’m being a little hard on you – the truth is there are loans out there that at least resemble a no credit check unsecured loan, but a better name for them is a bad credit payday loan. And it is possible to get those. I’ll tell you now that you’re not likely to get more than a few hundred dollars through these loans, and you’ll pay handsomely in the form of up front fees and steep (like Everest) interest rates.

If those are things you can handle than these loans are probably what you’re looking for.