But if someone has little or no credit history, it makes it hard to do any of that, which can make access to credit an issue. It’s more common than you might think. According to the latest CFPB research, almost 20% of U.S. adults are affected by a lack of credit history. The CFPB refers to them as being “credit invisible” or “unscorable.” This is one reason why you build a savings account to begin with. Things come up, and your savings can act like a buffer. Rebuilding your savings account, in turn, is better than paying back a payday loan. Taking money from your savings account is akin to taking a loan out for your future self. Wouldn’t you rather easy personal loans no credit check pay yourself back then a predatory lender that charges 400% payday loan interest rates on the loan? By clicking on the link below, you will leave the Union Bank website and enter a privately owned website created, operated, and maintained by another unaffiliated business. By linking to the website of this private business, Union Bank is not endorsing its products, services, or privacy or security policies. If you accept third-party goods or services advertised at our website, the third party may be able to identify that you have a relationship with us (for example, if the offer was made only through our site).