You might think that 19 years old would be a pretty young age to begin taking out loans. If you’re 19 and you’re facing a financial crisis, most banks probably won’t lend to you due to your blank credit history, but there are ways around it. iPaydayLoans, WeLoans, and US Bad Credit Loans are some of the best online loan marketplaces for 19-year-olds to get loans with no credit checks.
Note that most “no credit check loans” you see on the internet are actually loans without hard credit checks. As part of the financial regulation practices, credit checks are the mandatory process for a borrower to get loans from financial institutions, even soft checks count. The difference between a credit soft pull and a hard pull is that soft credit checks will not affect your credit score at all, while a hard credit check will appear on your credit profile and lower your credit score, even if lenders reject your loan request.
Best No Credit Check Online Loan Platforms
Online lending platforms are some of the most useful and accessible sources of credit for individuals, even if they’re 19 years old. Here is everything you need to know about our top loan broker selections.
iPaydayLoans
This platform is one of the most convenient and reliable online loan platforms to get instant loans without hard credit verification, a perfect site to try out for 19 years old borrowers. Aside from their streamlined website, they also have credit limits of up to $5,000 for no hard evaluation loan request. All you need to do is go to their website and then fill out their application, and you’re on your way to gaining a loan.
WeLoans
WeLoans is a reliable online lending platform that will let you borrow various types of loans from licensed and secure online lenders with ease. When using WeLoans, all you have to do is visit their website and then enter your details in the space provided. You’ll then be redirected to filling up a complete application form that’ll give your lenders a chance to evaluate your profile, and they will respond to your application within the same day.
US Bad Credit Loans
If you are looking to get loans at the age of 19, US Bad Credit Loans can be another great option to go for. This lending platform specializes in customers with bad credit or blank credit records, providing bad credit loans including payday loans without hard credit evaluation. With US Bad Credit Loans, even 19-year-old individuals have access to a significant loan amount with loan requests of up to $5,000 if they qualify.
Where else to Get Loans At 19 Without Credit Checks
If you are not comfortable with using online platforms to get financial support, there are other options as well. Here are some reliable places you can go to in case you need the cash, without any credit evolutions and going through the risk of getting online loan scams.
- Friends and family. If your family or friends are willing to help you, they are the most reliable and probable loan options, though you’ll have to pay them back afterward, otherwise, you may ruin the relationship.
- Pawnshops. The common places where you can get instant collateral loans with personal valuable stuff. However, if you are not able to repay the loans from pawn shops, you may lose possession of the collateral.
How To Start Building Credit Score at 19
Even if there are plenty of ways to borrow money at the age of 19, it doesn’t change the fact that unless you have a good credit score, you won’t be offered loans with pretty significant discounts or favorable terms. Perfect and healthy credit history can help make things way easier in the future, thus, you should begin taking care of building up your credit rating at an early age, and you can get started by doing the following things.
Start With Something
Building your credit score means that you’re taking steps to prove to potential creditors that you have a good handle on your financial status. Specific actions can help you jumpstart your financial credit, such as the following:
- Paying borrowed money on time
- Acquire credit-building loans from online lenders
- Acquire loans from credit unions or nonprofit lending circles
- Get a credit card (secured or unsecured) and don’t miss payments
Improve Credit Score
Since you already started the process, you want to maintain and improve it over the years to come. Other than that, you might have already achieved a good score, but it slipped due to some difficult circumstances. To ease your hassles, here are a few methods you can improve your credit score.
- Understand what you’re lacking and whatever errors you might have committed.
- Add utility bills and other monthlies that you haven’t added yet.
- Pay off the smallest amounts of loans first before you proceed to the bigger ones.
- Examine your credit report and ask reporting institutions to omit specific parts.
- Don’t get new lines of credit even when banks and other companies offer you some.
Some tips to get a loan with no credit from scratch is still applicable in these contexts, such as paying borrowed money on time, getting the money you’re sure to repay from credit lenders, etc.