A signature loan is a type of unsecured personal loan that is granted based on your creditworthiness and signature. No collateral required to guarantee the loan, which is ideal for borrowers who do not have a qualifying asset to pledge. Signature loans are sometimes referred to as a good faith loan or character loan because lenders approve it based on your promise to repay, rather than any asset like a car or house.⁵

An asset is not required to secure a signature loan, so your credit history may be a considerable part of the application process. Getting a signature loan with no credit check may not be realistic, but that doesn’t mean you are out of options if you have a bad credit score! Some lenders will still cater to borrowers with poor credit histories.⁵ Don’t let your credit history hold you back if you need to get back on your feet!

Typically, you’ll need to provide documentation, such as proof of income and residence, along with a valid, government-issued photo ID card. While many applicants may submit driver’s licenses, other paperwork can be accepted, like a U.S. passport! Speak with a loan agent today to learn more at 833-207-9052.

It can often depend on factors like your credit history and the lender you decide to work with, but it is possible to access up to $1,500 through a signature loan!1 For more information about the amount you can potentially access through this type of unsecured loan, get in touch with a loan representative at any time of the day or night by calling 833-207-9052.^{1 5}

If you need cash but you want to work on rebuilding your credit score, you may be wondering if signature loans will hurt your credit. When a direct lender for signature loans or a loan servicer reports your positive or negative payment behavior to a credit bureau, such as Experian or Equifax, it can impact your score. Staying on top of your payments is important after you receive your cash to keep your loan in good standing and avoid any negative marks on your credit report.