By applying with Kiwi, multiple lenders are able to review your loan and make an offer, while your credit is only pulled once. If you approach many loan companies, you may find your credit is pulled several times. This is helpful if you really need to get a loan, but want a minimum amount of pulls on your credit. This is because we are a loan introducer, we pull your credit one time and share it with multiple lenders. We do not guarantee no credit check loans here at Kiwi Cash, especially for first-time lenders. While it may be possible to get a loan without a credit check if you are getting a second or third loan from a lender, first time lenders will typically need to check your credit file. Lenders are required to make responsible lending decisions and typically will use your credit score to limit their risk and, therefore, be able to offer cheaper loans with less interest. It is not realistic to expect a loan without a credit check. Another reason is they may be afraid that having their credit checked will result in their credit score temporarily lowered as a result of too many checks. One would be they believe they have bad credit which would disqualify them from obtaining a loan. There are many reasons why someone would not want their credit checked if they are applying for a loan. A no credit check loan can be described as a person who desires to apply for a loan, without having their credit checked.
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