Even as we will be the lender-finder, Monzi will likely not conduct a credit check up on the application ourselves. Nonetheless, the lending company we pair you with may conduct a credit check.
From being approved, you should still consider applying if you are concerned your credit score will disqualify you. Why? Well, Monzi employs the most recent in safe-banking technology, enabling us to pass through on information to loan providers. This, then, enables them to consider more than simply your credit rating.
Just how do they are doing this? You’ll notice during our application process, we’ll request you to offer your internet banking credentials. Don’t worry, it isn’t anything dodgy. Quite simply, we do that so we can acquire a copy that is read-only of bank statements.
This, in change, enables lenders we make use of to obtain an improved knowledge of your relationship with cash. To phrase it differently, you’ve been receiving a regular income for the last three months, and have been responsible with whatever other repayments you may have, you may still be considered for approval if they can see.
Are simple loans no credit always check no working work guaranteed in full?
In a nutshell, no; no loan is ever fully guaranteed if you have got no work. Continue reading