It may be difficult to find a lender that offers installment loans with no credit check. Luckily, there are many lenders that don't require borrowers to have excellent or good credit. You may be able to get approved for an installment loan and get the funds you need quickly with a poor or fair credit score.
How long does it take to get a loan from Spotloan?
The application process is fast as it is done completely online. Most people complete the process in about 10 minutes. If you accepted your loan terms on a Monday through Friday, before 11:30 a.m. CT, Spotloan will transfer the money to your bank by no later than the end of the same business day.
Can I have 2 loans with Spotloan?
You can take out one Spotloan at a time. When you pay off a Spotloan, you may apply again for another Spotloan.
What is the most you can borrow from possible?
Access fast and affordable money Borrow up to $500* even with bad credit.
How long does it take for Spotloan to deposit?
Deposits will be received within the same day if applicants accept their loan terms before 10 a.m. Spotloan deposits usually arrive within 24 hours, but can take one to two business days.
What is the process for qualifying for a payday loan?
- Be at least 18 years old;
- Have an active checking account; and.
- Provide some proof of income as well as valid identification.
Does Spotloan check credit?
When you apply for a Spotloan, we do a soft inquiry, so it won't lower your credit score. Also, Spotloan reports back to credit reporting agencies on your loan payment performance. (Remember that 35 percent of your FICO score is based on your payment history.)Dec 19, 2017
What is the minimum credit score for a personal loan?
550 to 580
Can you get a personal loan with a credit score of 550?
Yes, you can get a personal loan with a credit score of 550. You could consider getting a secured personal loan, applying for an unsecured personal loan with a co-signer, borrowing from family and friends, and checking with local credit unions which usually have a lower requirement over credit score.