You will find that some payday loans and short-term loans are said to be “no credit check” loans. That said, most lenders will carry out a credit check on applications to see if it’s viable to lend you the cash. At the same time, if you only want a $200 loan you may be able to get one with bad credit. If you don’t repay the loan, though, you stand to be faced with penalties and face a reduction in your credit score too.