Many people are wondering if you can apply for a loan without credit history?
The answer can be a bit complicated, as it is common practice that a loan is not granted if there is a default in the credit information.
On the other hand, a few loan companies market their own services by granting loans in spite of their default payment.
However, even in these cases, there is a need for that loan to have someone else guarantee the loan.
If there is an entry in the credit history, it is impossible to obtain a loan without collateral or guarantors.
All loan services we present on our site will verify the lender’s credit history, and the loan cannot be granted if there is a default.
Compare loans and their terms
Applying for a loan should never be in a hurry, as a loan applied for a hurry is almost always left out of competition.
There are large differences in loan costs and interest rates, so even a small loan comparison can yield significant savings.
We always strive to get as many loan offers as possible for our clients to make loan comparisons as easy and efficient as possible.
Borrow the amount you need
Anyone may have unexpected bills or other expenses that require a quick loan.
The processing time of unsecured loans is really fast and you will get a loan decision immediately after you submit your application.
Borrow money only as long as you need, so you don’t have to pay later.
A loan is never the right solution if your financial situation is bad. However, a loan is good when you know that you will be able to repay it within a few months.
What can a loan be used for?
Loans are often applied for when the bank account and wallet are empty and there is still time for payday.
Many people know what it feels like when a car or a washing machine breaks down and there is no money to suddenly find.
In these situations, a quick loan can be used as a temporary solution to the problem.
When applying for a loan online, the applicant never has to explain to the loan provider what they intend to use their loan for.
What are the most common things to apply for a loan for?
Here are examples:
Unexpected invoices / expenses
Unexpected expenses can come from a variety of reasons, such as various medical expenses, home appliance breakdowns, forgotten bills. Depending on your children’s hobbies, you can suddenly come up with a variety of equipment that can temporarily increase your family’s expenses by considerable amounts.
If you have a pet in the family, the pet’s injury or illness can bring with it huge veterinary costs that not everyone can afford at the time. The loan also allows you to pay for these expenses right away.
Surprising expenses may also include various home improvements and other expenses. A home can break a window, break a water pipe or anything else that causes a variety of sudden expenses.