Can You Get an Online Line of Credit with No Credit History?

Having no credit history at all can be a big red flag for most lenders. Whether you’re trying to finance a big purchase, like your car, or just get a small loan from your bank or credit union, without that credit history it can be tough. Most lenders want to see that you have experience with borrowing, but you have to start somewhere. Turn to payday lenders who offer an online line of credit to start building that important credit history.

No Credit is No Disqualification for an Online Line of Credit

Applying for an online line of credit through our payday lending service is a great option for anyone with no credit or a very limited credit history. Our lenders use a different set of criteria to approve borrowers as compared to more traditional lenders. For some of them, a credit check may come into the equation, but for the most part your credit report is not a disqualifying factor. More important is that you have a job and a bank account.

Build Credit with an Online Line of Credit

You can even use this online line of credit to work toward future financial goals and ensuring that you won’t be troubled by a lack of credit again. This kind of lending is a great stepping stone to other loans because it gives you a chance to safely build positive credit. Instead of getting a big chunk of money that you may have trouble repaying on time, you only borrow as much as you need and as much as you can handle so that you won’t make late payments and hurt your new credit.

Applying for an Online Line of Credit

If you’re ready to start building your credit and taking advantage of a loan that doesn’t disqualify you based on credit, applying is easy. To get an online line of credit, you can go online and apply or you can use a mobile app with your smartphone or tablet. Once you have completed either of these applications, you will be contacted by a lender to get you approved and to get you access to the cash. With an online line of credit, all you need to do when you need cash is get it. You don’t have to use it all at once; simply draw on it when you’re in a bind and watch your credit report build.