Credit scores are difficult to manage, and there are many things that can negatively affect yours. That’s why it is preferable for people to take out loans that won’t require a credit check. They want loans that will be approved despite a borrower’s bad credit.

When you’re having financial struggles, it is understandable that you might need to take out a loan, It usually means you need that money now, and you don’t have time to be waiting around for administrative hoopla.

Here are the eight ways on how to borrow money without credit check:

1. No-credit check loans

If you know your credit score is low, you may opt for a no-credit check loan. These forego the process of checking your credit and your possibly being denied the loan.

There are several institutions in Canada that will offer no-credit check loans in large amounts up to $50,000 (depending on the lender). These loans are super easy to acquire, but may require a co-signer, depending on the nature of the loan.

2. Payday loans

Payday loans are one of the easiest ways on how to borrow money without credit check. Many payday lenders even offer loans of over $1,000, which can be very helpful for those who need a chunk of money immediately. Unlike personal installment loans, the best payday loans usually have a set payback date. When the loan is done, the money is paid back in one lump sum, and the transaction is complete.

An individual could take out another loan if they needed, but it is a completely separate transaction. Payday loans are known for being a no-questions-asked type of transaction. They are great for people who need discretion and speed at the forefront of their borrowing transaction.

3. Payday alternative loans

These loans are often done through credit unions. It is kind of like a payday loan through a payday lender. The drawback is that they can be difficult to find. You may not already work with that financial institution, which brings in all sorts of signing up, setting up, and getting organized before you can get your loan. Once set up though, they work very much like a payday loan.

4. Increase your credit limit

Most things can be paid for by credit card today anyway, and if it can’t, you can always transfer the cash off of your credit card for a short period of time. This is called a cash advance.

If your credit limit is already tapped though, you may try to increase your credit through your bank. If your payment history is good, you could be pre-approved for an increase, which would avoid the typical practice of performing a credit check.

5. Co-signer

It’s not always about foregoing the credit check. If your credit score is not where it should be, you can still take out loans that require a credit check, but you may need to get creative about it.

For instance, having a co-signer on your loan might be all you need to get approval. Be careful though – if you default on your loan, its repayment will fall on the co-signer, which could also negatively affect their credit.

6. Collateral

This is another one of those creative ways of getting a loan. It may not forego the credit check, but by using something as collateral, you significantly increase your chances of getting the loan despite having bad credit.

Collateral uses something like your house or your car to hold against the loan, and the financial institution uses this as assurance that you will pay it back. If not, they can essentially repossess your belongings.

7. Personal installment loans

There are many companies that will offer personal installment loans. These are medium to large loans (up to $35,000, usually) that may not require a credit check. These loans can be paid back over many months, or even a year, in order to keep the monthly payment low for the borrower.

Some personal installment loans will require a credit check, so hunt around to find one that doesn’t, or ask the question if they will lend to you without the check. They may do so, but you will likely pay for it in higher interest fees.

8. Credit-builder loans

Credit-builder loans are such an interesting way of going about borrowing. They are basically a reverse loan – so they are not ideal for those who need cash immediately. Essentially, you “borrow” money from a financial institution, and that money goes directly into a locked savings account that you have no access to.

You pay back the loan in monthly installments, as if you had already received the money. Once the loan is paid back in full, you get that money. It’s a unique way to build credit, and save money to avoid future financial crises.