No Credit Check and No Cosigner Auto and Student Loans

Lately there has been a huge uproar over the legitimacy of auto and student loans that may or may not require a cosigner or a credit check. Much of this has to do with various marketing campaigns by certain lenders that have made it sound like that you either can have no cosigner or not have to submit to a credit check to get approved for your loan. When it comes to both auto and student loans you are almost one hundred percent of the time going to have to submit to a credit check to get approved for these types of loans. As far as requiring a cosigner, you typically won't need one if you can have good credit and a solid income, and with student loans there are actually loans that aren't based off of your credit at all and are instead based off of your need and other qualifications.

The truth is that you are going to have to submit to a credit check to get approved for one of these kinds of loans, and unless you have good credit and a substantial income you are also going to have to get a cosigner to get approved. The idea that there are no credit check and no cosigner auto and college loans on the market is simply a byproduct of what the payday loan industry has been using for their marketing campaigns. There are certain kinds of payday loans that don't require you to submit to a check on your credit and don't require a cosigner to get approved and while these kinds of cash loans do exist, they are not authentic auto or student loans. Don't make the mistake of looking for these types of auto and student loans because in reality you are looking for a loan product that doesn't really exist. The payday loan industry has essentially created the idea that these types of loans are on the market when in reality they are not, and that is why you should not waste your time looking for auto or student loans that don't require a credit check or cosigner.