can u get a loan with no credit

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  • Can you get a loan without a credit check?

  • This is called a no credit check loan, though not every lender that the lending networks work with will OK such a loan. The lenders that do may charge you a higher interest rate than lenders that offer loans with a credit check. Some lending networks, such as, may conduct a soft credit check when you submit an online application.

  • What is a no credit loan?

  • No credit loans are personal loans that do not require you to have a credit score to get approved. Loans for people with no credit also tend to have high interest rates and fees, given the risk associated with lending to unproven borrowers, making comparison-shopping essential.

  • Can I get a loan with bad credit?

  • And the reverse is true; borrowers with bad credit are typically charged higher rates to make up for the higher rate of default. Lenders that are willing to offer you a loan without checking your credit history are basically saying that they don鈥檛 care about the potential risk.

  • What happens when you request a no-credit-check loan?

  • When you request a no-credit-check loan, you are signaling to the lender that you have a low credit score. Your credit history may include derogatory information, such as delinquencies, collections, defaults, foreclosures, or bankruptcies.

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