If you need fresh cash, but your bank does not want to give you credit, then a loan without credit score can be just the thing for you.
The reason for the rejection of your credit request at the house bank is often a “bad credit score”. If the score is too low, the bank considers the risk associated with lending too high. This means: You will fail the credit check because of your credit score rating and will immediately receive a cancellation.
Like your house bank, almost all other major banks do it. They also carry out credit checks largely automatically.
In these credit factories, there is no room for individual case decisions. A computer checks whether a loan should be awarded to you or not. A very decisive factor here is the credit score information. If your credit score score is too low, you will not be given credit. In this case, it does not use anything if you want to ask again or convince a bank employee in conversation – it will not succeed.
However, that does not mean that you basically have no way to take out a loan.
In addition to the big banks, which all work more or less the same, there are also much more flexible small financial institutions. They also forgive loans without credit score or financing with bad credit score.
What does that mean in concrete terms?
First and foremost, if you have a loan without credit score , you benefit from the fact that the credit score information does not play a role in the credit check. Even if you have very negative credit score traits, you will not be rashly denied.
And it gets even better: Many interested parties who think that they can get a loan without credit score at best, in fact, quite the chance of a normal financing. These are then loans that are awarded despite bad credit score. They, too, come from banks that are not slavishly oriented towards the credit score score when it comes to credit checks – but instead look at the overall financial situation.
For the credit decision does not count, therefore, if something may have gone wrong in the past (and that has then found expression in the credit score information) – but it is only the question of whether you are here today in the situation, the desired credit take. So it’s about whether your income is enough to pay the loan installments.
A loan with bad credit score or a loan without credit score can be a good solution even if several large banks have already rejected you. Gandalf often finds a really good solution even in very difficult cases.