Question : Getting another loan without a credit check?
If you currently have a loan with mbna, and you want another loan, will they do another credit check on you, for you to get the other loan or will they just give you the loan because you are already a customer ?
- asked by Matt
All Answers:
Answer #1
Any financial institution that you apply for aloan at will do a credit check even if you'realready a customer. They want to make sure thatyou are paying your bills on time, otherwise whygive you a loan if you can't pay it?
- answered by proudpreemieparents
Answer #2
dont do it whatever you want the loan for askyourself if you can live without it and if youcan not then save up for it !!
- answered by suziejoy revised
Answer #3
i work in a bank so can answer this!! to take outany loan or credit card, no matter if you haveproducts with them you will always have to becredit scored, credit scoring is where they checkif you have defaulted on any payments with them orhad charges etc, and credit referencing (whichisnt always neccessary if you already haveaccounts and use them well) is when they check allyour credit history... everytime you do this itcomes up on your credit score as a new check andif you have a bad credit score, the more you tryto take out things, the lower it gets!!
- answered by Jojo
Answer #4
If you are scared of them doing a credit checkbecause your financial situation, then you shouldNOT take another loan, for your own sake!
- answered by frenchy
Answer #5
They will do another credit check on you.
- answered by Belen
Answer #6
The first answer is correct. If you apply for acredit limit increase on a credit card, anadditional amount on your existing overdraft, orfo a top up an an existing loan, the creditcompany will do another credit check.This is tosee if your current existing debts are beingmanaged well. This is a requirement. If a creditordid not do this, it could be classified asirresponsible lending by the FSA (FinancialServices Authority).
- answered by Heidi W
Answer #7
all of them will do a quit check on each loan thatyou go and do just their protection on all loansnot just because they point some one out to so
- answered by bigdog
Answer #8
They will do a check regardless. Any firm thatwon't is a "shark" that will send Vinny out withhis violin case to collect.
- answered by Kengem
Answer #9
you can't get away from having another creditcheck done, it takes a couple of mintues for themto pull up your credit record, Today only a fewclicks of the mouse and they have all your infothats at the credit bureau. you can allways go toa loan shark, most pond shops will loan you money,but be prepaired to pay high interest rates, andby all means don't miss a payment. That's for herein canada not sure where you are located. also ifyou have items of value you can borrow moneyagainst them, let's say you own a 5000.00$ watch,you take it to the pond shop and they would loanyou 20% of the value and all you have to do is paythem a few percent a month back untill your readyto pay back the full amount.
- answered by Tibor P
Answer #10
ANY loan request will require a credit check.
- answered by broccoli brain
Answer #11
If you have already a loan from same company thencredit check is not applicable. But from othercompany its required. So if you not want torecheck your credit then take another loan fromsame company.some company who can't check yourcredit history without your permission. its checkit after the all other work have done and when theloan amount isapproved.
http://www.ask4loan.co.uk/cheap-loan.html
http://www.loans-park.co.uk
- answered by ruth.stanhop
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