Emergencies sometimes occur at very inconvenient times. When you need extra cash to take care of an emergency that cannot wait until payday, you may need to apply for an online cash loan. If you have bad credit, a payday or cash advance loan with no credit check may be your only option to get the money you need. When a review of your credit history reveals that you have bad credit, banks and credit unions usually will not give you cash loans. Online companies that make bad credit loans with no credit check charge higher rates of interest than banks and credit unions charge because those online companies’ risks are greater. However, you can usually get fast loans from those lenders when traditional lenders with lower rates will not loan money to you.