If you desperately need to borrow a lot of money in order to pay your bills, you may not know what you should do, especially if you do not have a credit history. Without a credit history, it will be very hard to borrow money from a bank. However, many credit unions offer Payday Loans, which are high interest loans that allow people to borrow money when they need it most. Payday Loans involve high risks, so they should be used sparingly.