Loans without credit rating are not offered by any of our loan providers. The stories that anyone and everyone can easily get a quick loan or a sms loan are not true. Individual credit assessments are always carried out by the loan providers.
Whether a borrower is looking for a loan 2000 or loan 3000, it is a so-called small loan, or if you are looking for a larger loan 60000, then all loan providers in Denmark must make a credit assessment of their customers. Here, among other things, one must evaluate the customers’ ability to repay the loan. It is described in the Credit Agreement Act, which you can see here.
There is no doubt that the credit rating of online loan providers
Is not considered to be as tight as the credit rating of the banks in connection with a bank loan. All online loans are, unsecured loans. The credit rating is done automatically and electronically when the borrower applies with Easy ID.
Borrowing with Easy ID gives the loan provider access to information about the applicant’s financial circumstances. It considers the loan providers as sufficient information so that they can properly assess credit. Therefore, it may seem that no credit rating is made when you can get an answer immediately, or reply in under a minute. The credit rating is just as automated. Therefore, most loan providers always choose loans with Easy ID. For some reason, you can still get loans without Easy ID from individual loan providers. It’s just both slow and time consuming, and requires a lot more work for the loan providers.
Loans without credit rating are therefore not possible. It has not been for several years. Many stories about irresponsible credit rating don’t hold up. The loan providers always assess whether an applicant will be able to repay a loan.
Loan money without credit rating
Credit assessment must be made in accordance with the law. Online loan providers make a credit assessment, but in a different and perhaps easier way than the banks do. But besides the credit rating, online loan providers also have different requirements for the borrowers.
Most of the requirements are the same for the different loan providers, while there are some requirements where the loan providers place different conditions.
- The borrower must be 18 years of age. However, most loan providers require a higher age. Some require that the borrower be full up to 25 years.
- The borrower must have a Danish residence.
- The borrower must have a Danish telephone number and an active e-mail address.
- The borrower must have Easy account in the bank.
- Most loan providers do not lend money if the applicant is registered in RKI or in the Debtor Register as poor payer. However, there are two loan providers Good Finance Loans and Good Credit Loans, which offer loans despite RKI, whose applicant can find a guarantor who will be responsible for the loan.
The biggest problem with online loans is the lack of advice
There is no personal contact between the loan provider and the borrower. The lender may have a sound economy, but if one is unable to manage it wisely, things can go wrong. After all, the credit rating can’t take that into account. The bank advisor can quickly see this at the physical meeting.
It is therefore very important to set a budget so that you can assess whether there is room for repayment on loans.
SMS loan without credit rating
The credit rating is the same when applying for online loans. Whether it is payday loans online or SMS loans online, a credit rating will be made. When people borrow online, it should preferably go very quickly. Fast loans have become very popular. Wanting as loan 500 now or loan 4000 today are queries that you often encounter.
It seems that it cannot go fast enough, and here you can fear that the borrower will not think about it before the loan is taken out. It may not be possible to include the expense in the budget form, so you can assess whether you should have that loan.
Too many people also take out a loan without examining prices. One does not compare loan offers to find the cheapest loan. This means that many people afterwards feel that the loan was much more expensive than expected.