There is a general belief that those of us with truly terrible credit scores are bound to find it impossible to secure a loan. But in fact, with the growth of options available from specialist lenders online, it is possible to get some small personal loans with no credit checks.
It may seem like a major risk for lenders to grant loans without checking on the credit history of the applicant - and this is certainly true. As a result, there are some compromises that applicants need to make if they are to get approval despite bad credit.
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