When searching for a short term loan, the quest for some quick emergency funds can be particularly challenging. This is especially so if you happen to have a poor credit history. And a poor history could be down to a wide variety of reasons. Or you may have no credit history at all. In the following article, we will outline why this doesn’t automatically exclude you from still accessing a quick loan. We took a look at how to get a quick loan with no credit.
The short answer is yes. We could still find you a loan even if you have little to no previous credit history. Instead of ruling certain people out for being applicable to receive a loan through us based on a lack of credit score, lenders instead look over each application on a case-by-case basis. We consider each applicant as a unique person, with unique circumstances.
At Moolr, we will of course never work with certain lenders. Those that provide a loan to someone who they believe can’t afford to keep up with the loan repayments. Lenders will take into account every individual factor in the application process. This means that you may still be able to take out a quick loan from one of our lenders without any prior credit history.
To apply for a quick loan with no credit history from Moolr, there are a few simple steps you’ll need to follow:
If you can meet all of those pre-eligibility criteria, the next steps are as follows:
A quick loan through Moolr is a fairly simple thing to explain; we are of course aware that many people who are seeking emergency funds in the form of a short term loan are doing so because they are in need of these funds in a hurry. The idea behind a quick loan is to bring you the money you need to deal with whatever financial situation you are going through, without any unnecessary roadblocks or a needlessly complicated application process.
When completing your quick loan application, we like to keep the process as transparent and as straightforward as possible, and it is not uncommon for you to have completed the online application, heard back from your lender to find out whether the application was successful or not, and received the money from the loan, all within a matter of minutes.
That concludes this short blog article on how to get a quick loan with no credit. You can learn more about our Quick Loans by visiting our blog site.