Many young people ask me if they would be able to get a personal loan without credit requirements – once they ask this question i tell them that getting a cosigner would surely fetch them a loan.They tell me another thing immediately – “Sorry..But i do not have a cosigner !! ” .
What to do for personal loans with no cosigners and no credit history:
=>The lenders would always need either a person with good credit score or at least a borrower who is able to provide a cosigner with good credit score.
=>So if you have not established the credit yet then there is no way that you are going to get the personal loans without a cosigner,
=>The best solution at these financial condition would be to establish the credit history and then go to the lender.You would have higher chances of approval after having good credit rating,
=>Personal loans can also be obtained from private lenders – but it is better to opt for the bank loans if you have a decent credit history,
=>One way of establishing the credit is to get new credit cards and pay them without fail for a few months – this will boost the credit score.Getting the personal loans becomes easy with an established credit.
=>Personal loans can also be fetched from the credit unions.Do not leave this option.
