credit reports are often pulled when you get a title loan

People with bad credit or who have recently had a bad or late repayment are routinely refused when they apply for a personal loan from a banking institution.

For these borrowers, however, there is a solution: the personal loan without a credit check. But is this type of loan granted regardless of the client’s situation?


It only takes the slightest deviation to be refused a personal loan in a banking institution: a late repayment, a bad payment or a fair credit rating are enough to prevent a borrower from obtaining a loan. Not to mention that fragile health can also compromise its achievement. However, the economy is difficult and no one is immune to a banking incident that involves a high interest short term loan. Building a good credit score is also a long and complicated thing: you have to constantly pay your card bills on time, use them below limits, not accumulate debts and always pay back on time.


The criteria used by private lenders to grant or refuse a personal loan without a credit check are different from those of traditional banks. Indeed, for private lenders:

Bad credit does not affect loan eligibility without investigation: Private lenders know that bad credit can be the result of temporary troubles, overuse of credit cards, or anything else. simply an excessive number of loan applications

A bad or late payment does not lead to a refusal: an isolated incident can happen to everyone and preventing a borrower from accessing a loan that they are able to repay can seem disproportionate.

Income paid by check or in cash does not automatically result in a rejection of the file. While some lenders require direct deposit income, many organizations review each file on a case-by-case basis.

A loan request from a student, a CSST beneficiary, a retiree or a self-employed worker is not automatically refused by all lenders. Some of them do an in-depth study which, if it turns out to be conclusive, leads to a loan agreement.

A moderate income is not an obstacle to obtaining a ready without inquiry : As soon as the borrower receives an income of $ 1,200 or more, he can obtain a loan whose amount depends on his other commitments and his ability to repay.


It happens to private lenders to refuse loan files without investigation, but only when the borrower is obviously not able to repay the loan that he wishes to contract or that he cannot justify a healthy financial situation. This is particularly the case when bank statements show that:

borrower earns less than $ 1,200 per month

he accumulates bounced payments

he is already repaying one or more loans without investigation

its repayment capacity is used in full

Obtaining a loan without investigation is possible for the majority of people. And since the lender’s study usually looks at the situation over the past two months, it can change very quickly and there’s nothing preventing you from reapplying after a few weeks.