Two Viable Options for $10,000 Loans with No Credit Check
As a Credit Specialist, I'm excited to share two great options for individuals who need access to $10,000 loans, regardless of their credit score. Let's dive into the details:
Yendo: Leveraging Car Equity
- Eligibility: If you own a car with equity, even if you're still making payments, you can qualify for a loan from Yendo.
- Benefits: This option doesn't consider your personal credit, making it an excellent choice for those who may not qualify for traditional bank loans.
- Lien on the Car: Yendo will hold the title to your car as collateral, but they'll return it to you once the loan is paid off.
Fundo: Gig Economy Financing
- Eligibility: If you're part of the gig economy, such as a DoorDasher, electrician, taxi driver, or involved in multi-level marketing, Fundo may be able to help you.
- Merchant Cash Advance: Fundo provides a merchant cash advance, rather than holding your car's title like Yendo.
- Requirements: Fundo will want to see at least 90 days of deposits in your bank account, with a minimum monthly income of $1,500. However, your personal credit score is not a factor.
- Geographic Limitations: It's important to note that Fundo does not service California and New York.
Remember, while these options may come with higher interest rates due to the lack of credit requirements, they can be a great way to jumpstart your business or overcome financial hurdles when traditional lenders are not an option.
I hope this summary has provided you with valuable information. If you have any further questions, please don't hesitate to reach out.
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