what credit score do you need for small loan

<b>What</b> Kind Of <b>Credit Score Do You Need</b> For A <b>Personal Loan</b>

No Credit Check Personal Loan of $150, $200 or $250

Why do people get personal unsecured Loans? Unsecured short term loans allow consumers to access funds in a short period of time, without the extended application process. Unlike a typical loan that you would get from a traditional bank, these loans can be secured usually in 24 to 48 hours.

Additional advantages include:

No credit checks. Since lenders do no require a credit check, even people with bad credit or no established credit history can get a loan. In addition, a no credit check loan, means that the loan does not appear as a line item on your credit report.

Minimal qualification requirements. Consumers typically qualify, if they are employed. Consumers do not need to pledge an asset such a house or a car to get a loan.

Emergency unexpected Expenses. Emergencies

happen, when you least expect them and most of them impose a financial burden

Information and statistics about short term personal loans.**

1. Approximately 12 million Americans use short personal loan, services each year.

2. Most borrowers get funded for about $375.

3. Borrowers range in age from 18 to 70+.

4. The income of borrowers range from $15,000 to over $100, 000.

5. The education levels of borrowers range from "some" high school to post grade.

6. Employment status includes those with full-time, part-time and retired.

7. The marital status of applicants range from single, live with partner, married, separated/divorced or widowed.

8. Borrower statistics across the nation are similar with 6% in Western states, 6% in Southern states, 7% in Midwestern states.

** - Source PEW

States where short term cash loans are legal:

Source: getonlinecashnw.com

Category: Credit

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