 TITLE: How to Get a Small Loan With No Credit CONTENT: Can I Get a Small Loan if I Don't Have Credit?\n----------------------------------------------\nMost small loans are personal loans. As of Q2 2019, the majority of personal loans were for amounts under $20,000, according to Experian data. You can generally get personal loans for as little as $1,000.\nWhile auto loans and mortgage loans are designed for specific purchases, a personal loan can be used for just about anything you want. Unlike a car loan or mortgage loan, which uses the car or house itself as collateral, personal loans are usually _unsecured_, meaning you don't have to put up any collateral. This makes your credit score even more important.\nAlthough you may be able to get a personal loan with no credit, lenders will probably charge you higher interest rates than they would if your credit was good. How can you prove that you're creditworthy without having a credit score? Look for lenders that consider other factors not included in your credit report, such as your employment history, income (from pay stubs or tax returns), bank account balances and debt-to-income ratio.\nIt's often easier to get a personal loan from a credit union than from a bank. Because educating and supporting members in managing their finances is part of a credit union's mission, credit unions tend to be more flexible about their loan criteria. To apply for a credit union loan, you need to join the credit union, generally by opening an account and making a deposit. END