The Ultimate Guide to No Credit Check Installment Loans
Installment loans allow you to borrow a lump sum of money and repay it over time through fixed monthly payments. Unlike payday loans, installment loans offer longer repayment terms and usually have lower interest rates. Many lenders also don’t check your credit when approving installment loan applications. In this comprehensive guide, we’ll cover everything you need to know about no credit check installment loans, including: What Are No Credit Check Installment Loans? No credit check installment loans are unsecured personal loans that don’t require a hard inquiry into your credit history from the major credit bureaus (Experian, Equifax, and TransUnion). Many direct lenders offer these loans to borrowers based on factors like income rather than credit score. When you fill out an application for an installment loan without a credit check, the lender verifies your identity, income source, and other details to determine your repayment ability. But they won’t perform a hard credit pul...