Quick loans without UC are an option if you want to avoid unnecessary credit information. Quick loans are usually associated with a credit report through UC, which stands for Upplysningscentralen AB, but there are other alternatives. For many, a quick loan without UC is a better alternative than a quick loan with UC.
In the list on this page you will find the lenders who give you fast loans without credit information UC.
You can compare all fast loans and read our reviews to find a lender that suits you.
How do I apply for fast loans without UC?
Applying for a fast loan without a UC is easy. You can easily see in the leaderboard of Mr. Rochester which lenders offer loans without UC. It is clear whether it is UC or an alternative company that takes the information. Sometimes you may need to read the fine print in the terms of a lender to see what credit reporting company they use. Applying for a fast loan without UC is simple and secure.
The application is the same as for a loan with UC. You can easily apply through the website and you will be notified quickly of your application. The loan is then paid off quickly.
Can you get bigger loans without UC?
Being granted a private loan without a UC is difficult. Usually, only lenders with quick loans and smaller credits use alternative credit reporting companies. Before applying for a loan, you should keep in mind that the entire loan will be repaid. Quick loans without UC can often have high interest rates, but if you compare before applying, you can get away cheaper.
There is an advantage to taking loans that require a UC, and that is that the lenders usually offer larger loans. You often get a lower interest rate on these loans. For those who do not need a large loan, however, there are no direct benefits. Then it is better to apply to a lender using another credit reporting company that does the credit reporting. It is not good for your credit rating with unnecessary inquiries from UC, and it is therefore good if this can be avoided.
What can you borrow with a loan without UC?
A quick loan is a loan where you apply fast and get the money quickly. Fast loan is a loan with no collateral. This means that you do not insure the loan in anything. A secured loan, such as a mortgage or car loan, means that the lender can sell the collateral if you do not pay the loan. A unsecured loan differs to the extent that you do not tie up the borrowed money into anything but you can use the loan for whatever you want. It can be an unplanned emergency fee such as the car or refrigerator breaking down. Remember to only borrow if you know that you can pay back before the due date.
Sometimes you have to state what you intend to use the loan for for the lender. It is often because they are able to keep statistics and because they want to be able to offer better solutions. As I said, you can borrow whatever you want when you take out a loan with no collateral, which is one of the major benefits.
How does a UC affect your credit rating?
The biggest reason to avoid UC is because it affects your credit rating. The more credit information you have, the lower your credit score. Every time you apply for a loan from a traditional bank, UC is used. If you apply for several loans where the lenders use UC, your credit rating will decrease. With several applications from the credit reporting company, you get a lower credit value. This means that, among other things, you may be offered a higher interest rate or a lower sum than you applied for. If you make a loan application, that information remains with the credit reporting company for 12 months.
At UC there is a series of information about your finances. You can see your declared annual income, your previous loan applications for the last 12 months and your debts with Good Finance. It also shows payment notes, current loans you have and much more. There is a lot of information about your finances that is stored, but also information of a private nature.