The credit history of a borrower is a main factor used to determine whether a loan is approved or denied. Historically, consumers with bad credit were met with automatic rejection. A low credit score can still be a deal breaker for some financial institutions. But there are a number of legitimate lenders who approve loans with no credit check needed.
Getting approval for no credit needed loans is pretty simple. Basic requirements are that the applicant is over 18 years old with a full-time job, and has a bank account or debit card to make payments. Sounds simple enough. Yet a closer look is warranted to get the full picture.