{"id":21363,"date":"2022-11-09T04:27:35","date_gmt":"2022-11-09T03:27:35","guid":{"rendered":"https:\/\/ecreditdaily.com\/?p=9896"},"modified":"2022-11-10T17:06:57","modified_gmt":"2022-11-10T16:06:57","slug":"credit-builder-loan-ncc","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/loans\/credit-builder-loan-ncc\/","title":{"rendered":"credit builder loan no credit check"},"content":{"rendered":"
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If you don\u2019t have a credit history, it can be difficult to get funds. One option is credit builder loans, a loan that has no credit check, which helps borrowers improve their credit scores.<\/p>\n

Where can I find a credit-builder mortgage?<\/h2>\n

Although you might be able to find credit-builder loan options at your local bank or credit union branch, you will likely have more success searching online for this type of loan.<\/p>\n

How can I get a loan for a credit building?<\/h2>\n

You\u2019ll pay regular installment loan payments when you take out credit-builder loans. The lender will deposit your loan payments into a savings account, unlike a traditional loan. You\u2019ll receive the savings account balance back at the end of your term, less any interest or fees.<\/p>\n

A credit-builder loan is usually much easier than a traditional loan. These loans are available to borrowers with poor credit, so you don\u2019t have to worry about applying your credit score.<\/p>\n

Lenders that offer credit-builder loans don\u2019t care if you have late payments in the past, poor credit history, or both. Instead, they focus on your income when reviewing your application.<\/p>\n

The lender may also request:<\/p>\n