Does Integra Credit do a hard pull for personal loans?

The best way to borrow $10,000 with no credit check is to apply for a personal loan from 60Monthloans, which does not use applicants’ credit history as a condition for approval. Approval is still not guaranteed, though, as 60Monthloans will look at things like your income and employment status to determine your ability to pay.... read full answer

Unfortunately, few reputable lenders will offer loans of $10,000 with no credit check, so there isn’t much of a selection. Although some alternatives are available, 60Monthloans is a better option because it’s a lot less expensive.

Other Places to Get a $10,000 Loan With No Credit Check

Friends and family: There’s no limit on the amount you can borrow from friends and family, as long as they’re willing to lend it. Just be sure to have a solid repayment plan so you don’t ruin your relationship.

Pawnshops: Pawnshops typically offer 25% - 60% of an item’s value, and they hold onto that item while you repay the money with interest. The interest is expensive, though, and if you don’t pay on time the pawnshop will sell the item rather than return it to you.

Auto title lenders: You can get a loan of around 25% to 50% of the value of your car, to be repaid in 15 to 30 days. But if you can’t pay it back – with interest as high as 25% of what you borrow – you could lose your car.

If you want to get a personal loan with no credit and no cosigner, your options are limited to credit-builder loans, secured personal loans, home equity loans and borrowing from alternative sources like friends and family. Having no credit disqualifies you from getting most unsecured loans, as lenders usually require an established credit score of 600 or higher.... read full answer

You could get around that issue if you had a cosigner, as the lender would use that person’s credit in the decision instead of yours. But without a cosigner, you have to rely on what you do have – income and collateral.

How to get a personal loan with no credit and no cosigner:

Get a secured personal loan. Your credit, or lack thereof, doesn’t matter as much when you put up collateral to secure a loan. The lender can take possession of the collateral if you default, which means they have far less risk in lending to you.

You can find secured personal loans at banks like Wells Fargo, Fifth Third Bank, KeyBank and PNC. You can also ask about them at your local credit unions. There are online lenders that offer secured personal loans, too. But make sure they’re not predatory payday loans or auto title loans that charge excessive fees.

Take out a credit-builder loan. This is a type of loan where the lender sets aside a certain sum of money in a savings account for you. Then, you pay that amount back in monthly installments and receive access to the account with all your money at the end. Plus, the lender reports to the credit bureaus each month, helping you build your credit score.

The only problem is that this process is kind of backward if you need money upfront. So it’s really only intended for building credit rather than getting money. If you’re interested in a credit-builder loan, check your local banks and credit unions.

Use your home equity. Home equity loans are another type of secured loan. But they can be for much larger sums because the amount you can borrow is based on the value of your house minus the amount you have left to pay on the mortgage. So if your house is mostly paid off and is worth a lot of money, you could get a big loan. It’s not common that someone would own a home yet have no credit history, but it is possible.

Borrow from someone you know. A family member or friend isn’t as likely to care if you don’t have credit history. You may be able to convince them to give you a loan. But in order to avoid any relationship problems with that person in the future, you should make sure you have a written agreement and a plan to pay them back.

All in all, it’s not impossible to get a personal loan with no credit and no cosigner, but your options aren’t the greatest either. If you only need a few hundred dollars, you can always apply for a credit card for people with no credit. Then, you’ll have a credit line to draw on whenever you need it, and the ability to carry a balance between months if necessary.