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Problems with repaying previous loans are one of the common reasons for refusal to receive new loans. But what to do if you urgently need money, a person is determined to make payments in a disciplined manner, but does not want to turn to the services of microfinance organizations - which bank will give a loan to such a client? It makes sense to pay attention to banks that do not check a credit history (CI) - they are loyal to borrowers with a bad reputation and agree to give them loans on acceptable terms.

What is credit history

A very good analogy would be to compare a CI with a kind of dossier where information about the borrower is collected. This dossier is compiled by a Bureau specially created for this purpose and contains the following sections:

• The title part is basic information about the citizen, details of his passport, and other documents (TIN, SNILS).
• The main part contains information about receipt of previous loans and the circumstances of their repayment. This also includes court decisions on the collection of other debts, for example, for housing and communal services.
• The closed part is the sources of the formation of this dossier and the organizations that used information from it for verification.
• The information part is formed when the borrower applies for a new loan and contains information about errors and delays in repayment. All this information is stored for 15 years.

Why do banks check credit history?

The intensive spread of credit services entails not only income for the banking sector, but also the very real possibility of late payments or evasion of debt by the borrower. Moreover, if force majeure situations (injury, sharp salary reduction) cannot be foreseen, then the client’s behavior when repaying previous loans will tell the bank’s specialists a lot about his financial discipline.

A good CI can be likened to reliable capital, so having a “track record” of several loans repaid on time, you will be a welcome client in many banks. Likewise, a bad CI is like a stone around the neck, and it absolutely does not matter how objective the reasons for the delay were. A bad CI is not a death sentence, especially since:

• It is believed that it can be improved by paying off loans taken on time (for example, in microfinance organizations).
• In some situations, it will not be a serious obstacle to issuing a loan, and it makes sense to examine these cases in more detail.

When history is not checked

Although all financial institutions are interested in the return of invested funds, there are banks that do not check the credit history of clients when issuing loans. This may sound paradoxical, but it has understandable reasons:

• A loyal attitude towards borrowers is very typical of young banks (for example, Pochtabank), which strive to develop a client base in a short period of time. Large and well-established all-Russian players in the market (Sberbank, VTB24, etc.) will have much stricter requirements.
• Very often, when talking about banks that do not check a client’s credit history, they mean that previous miscalculations in repaying loans will not be decisive and will not cause a refusal. But this does not mean that lenders did not look into clients’ CIs at all, and most likely, such a statement is just a marketing ploy.
• A superficial acquaintance with CI and turning a blind eye to previous miscalculations with payments may be associated not so much with the loyalty of the bank, but with the desire to issue money on new, more serious conditions. This may be a pledge of property or higher interest rates (up to 30% and higher), but still these conditions will be more acceptable than if you receive a microfinance express loan.

Which banks do not check credit history?

Speaking about banks that do not check a client’s credit history, we should not forget that such borrowers will not be offered services on the same terms as other applicants. In other words, the bank “does not check” the borrower’s CI, but because of this, increased demands are placed on him, by default believing that his reputation is tarnished. Such a client is required to confirm his good faith using one or more options from the list:

• He must have an official place of work, sufficient income and long experience.
• It must be suitable for the age category (banks are very reluctant to agree to give loans to pensioners).
• A significant advantage is the presence of collateral.

Binbank

The minimum loan size from this bank is 50 thousand rubles, but with good collateral, you can count on up to 3 million. The program for new clients has loan repayment terms from 6 to 60 months and a rate of 22-42% per year. Separate conditions are for salary clients and public sector employees, for whom interest rates will be much lower.

Home Credit Bank

When compiling a list of which banks do not check your credit history, you cannot forget about this bank. An online loan application is reviewed within two hours and, if approved, the bank will issue money for a period of up to five years at an annual rate of up to 36.9%. This is a loan without collateral, guarantors and commissions, providing for early repayment.

Russian standard

This bank is one of the extremely popular among problem borrowers and deserves one of the first places in the impromptu rating. Getting a loan here is much easier than in many other financial institutions - consumer and cash loans are issued for up to 5 years, with an interest rate of 24.9% (in some cases, collateral will be required). Without guarantors and collateral, the client can claim up to 500,000 thousand rubles; the minimum documents required are a passport and another identity card.

Renaissance Credit

If you are still looking for the answer to the question of which bank does not check your credit history, then take a look at Renaissance Credit. Here you can get a loan from 30,000 to 500,000 rubles for up to 5 years at an interest rate of 19.9% ​​- with a bad CI, these conditions look very attractive for a problem borrower. Applying for a loan service can be done using just two documents.

Sovcombank

For those who contact this bank (also known as GE Money Bank), a remote method of interaction using an online service will be very convenient. Received applications are reviewed within 5 minutes, the maximum amount is 750 thousand rubles for a period of up to 10 years. Among the documents, in addition to the passport and work book, you will definitely need a certificate of income.

Loyal banks to bad credit histories

When clarifying which banks do not look at your credit history, you should not forget about organizations that have a particularly favorable attitude towards clients. In this case, banking risks are insured with a high interest rate, but even in this form the client will be more profitable than when receiving a microfinance loan. In some cases (for example, when contacting Tinkoff Credit Systems), it is mandatory to issue a payment card. The table shows offers for residents of Moscow, where they will give a loan even with a bad CI:

Name	Loan amount, rubles		Repayment terms, years
Tinkoff credit systems

The question of which banks do not check credit history may only be of interest to a borrower who previously took out a loan, but did not fulfill his obligations in good faith in accordance with the terms of the agreement. In the future, the path to the bank will be closed for such a borrower, because if you have a negative credit history, it will be very difficult to get a loan from a financial institution. However, given the development of the financial system of our country, there are several options for how to get a consumer loan with a damaged credit history.

List of banks that do not check credit history

There is no need to reassure potential borrowers, and it must be said right away that today there are practically no banks that do not check credit history. We will provide a list of financial institutions that turn a blind eye to the financial reputation of the borrower below, because there are still such lenders in Russia, but it is not worth saying here that they do not check the file at all.

Please note that each lender cooperates with any credit history bureau and there are only 15 of them in our country. Each bank sends a request and sends information only to the bureau with which it cooperates. But some especially large banks have agreements with several bureaus at once.

If we conclude from the above that there is at least a small chance that the financial institution will not get to your file. This, of course, does not apply to banks such as Sberbank, Gazprombank, VTB24 and other large banks in our country. If you have a damaged credit history and you are counting on getting a loan, then you should first turn your attention to small banks that do not check your credit history. They, of course, formally check it, but still cooperate with the borrower, since the terms of the loan agreement will be extremely beneficial, first of all, for the lender.

Loan with bad CI

First, advice to borrowers: you should not count on the bank not checking your credit history, because this is unlikely, because when applying for a loan, at the end of the questionnaire you will find a point that you give written consent to the processing of your personal data. This already means that you agree in writing to have your credit history checked. If you do not check this box, then, in fact, you have not given the bank permission to check your credit report, and this may already serve as a reason for refusing lending. Don’t despair, because in Russia there are enough lenders who will give you a loan, even if your credit history is damaged, among them:

• Binbank;
• Home Credit Bank;
• Renaissance Bank;
• Tinkoff Bank;
• Russian standard;
• Probusinessbank.

However, you should not count on the fact that you will receive a loan from one of the above-mentioned banks, because there are several more nuances, namely, it is worth studying in which cases the credit history is considered bad and in which it is completely damaged. After all, it also depends on whether they will give you a loan or not.

What does bad CI mean?

In most cases, a bad credit history for a borrower is a result of past delays in loan payments. But for the lender, delays of up to 7 days are not significant; this applies to large banks, such as Sberbank VTB24 Gazprombank and others; accordingly, they are ready to cooperate on favorable terms with borrowers who in the past did not allow delays of more than 7 days.

For other banks, overdue debt for up to 3 months does not matter. Accordingly, if in the past you took out a loan and violated the payment schedule for up to 90 days, then you still have a chance to take out a loan, however, the loan terms will not be the most favorable, the interest rate can reach 40% per year or higher.

Some banks may consider only the latest entries in the credit history, even if they chose, for example, not a loan from a bank, but a loan from an MFO, more than once, and repaid it on time, which means the borrower has already improved. Accordingly, even if in the past you were an unscrupulous borrower, but there are records in your dossier that indicate that you have reformed, you have every chance of getting a bank loan, although the conditions may not be very favorable for you.

Please note that each bank selects borrowers according to several criteria, so if you receive a loan refusal, it is not a fact that the problem lies in your credit history. And the bank is not obliged to disclose the reason for the refusal.

Correcting your credit history

If you have dark spots in your file, then you first need to make every effort to correct the situation. To begin with, it makes sense to check your credit history; to do this, you can contact the credit history bureau directly, where your file is stored, or request a report through a financial institution. True, banks charge a certain fee for the operation, generally it ranges from 300 to 500 rubles, but you will receive a report immediately and will not have to wait a long time.

Once you have carefully reviewed your report, you can proceed further. First of all, if you have open arrears, then they need to be closed as quickly as possible, even if collectors are already working with your problem debt, you can still resolve the dispute, for this you need to fulfill the creditor’s demand and pay off the debt fully.

If there are no outstanding debts to other creditors, many banks may approve a small personal loan or credit card with a low credit limit. For example, you can contact Tinkoff Bank, Home Credit Bank, Russian Standard or Renaissance Credit Bank. It is not for nothing that a list of these banks is given here for the reason that they are distinguished by a high percentage of approval of applications, increased interest rates and minimal requirements for a potential borrower.

If, nevertheless, the bank did not give you a loan, then you need to work on correcting your credit history. To do this, you can use the services of microfinance organizations; by the way, they are also required by law to transmit information about issued loans to the credit history bureau; accordingly, if you take out several small cash loans and repay them on time, then gradually your credit rating will increase.

A credit rating or scoring is an assessment of a client’s solvency; it is calculated depending on the past and current financial history of the subject. Banks receive this measure along with a credit history; it allows them to assess their risks when collaborating with an entity as a percentage.

Credit scoring example

So, after you have improved your credit history with the help of microloans, you can contact the bank for a consumer loan. Just keep in mind that they won’t give you a large amount, but your task is not just to apply for a loan, but also to repay it on time. Further, you can count on larger amounts and favorable interest rates. In addition, most, even large banks, look at your credit history for the last few years, that is, if, for example, you were late on a loan 10 years ago, then most banks will hardly be interested in this.

Let's return to our topic, which banks do not check credit history. Firstly, you will not find such data, because banks do not disclose how they check the client’s solvency, and whether they look at the credit report or not. Secondly, the opinion that small banks do not check the file is more a myth than a reality; they issue loans to debtors in the past only because this cooperation will be beneficial for them, because the loan rates are quite high. Accordingly, if your CI is damaged, you always have the opportunity to correct it, although it is worth considering that this can take quite a lot of time, up to several years, and if you need money urgently, then your only option is an MFO, and for new clients they do not give loans above 3,000 rubles.

The volume of loans issued is growing, and along with it, the number of Russians who are in arrears. A violation of payment obligations is always recorded, and the next time a client with a bad credit history may be denied a loan. To prevent this from happening, it is better to immediately contact companies that do not check your credit history.

How do banks check a borrower's credit history?

A credit history is a kind of financial dossier that is created for all citizens of the Russian Federation and persons with a residence permit. When a client applies for a loan, he must be checked against such a dossier. What the bank is interested in:

• About the borrower - full name, date of birth, information from the passport (identification number, citizenship, registration);
• About credit obligations - current credit load, contract numbers, their amount, term and currency;
• On the fulfillment of obligations - the presence of debts and arrears, measures to eliminate them, guarantee experience.

For 15 years from the date of the last entry, all files are stored in the BKI - credit history bureau. When it is necessary to make a decision on issuing a loan, banks launch scoring systems that evaluate the client by CI, assigning him a certain rating. Accordingly, if the rating is high, the application is approved. If it's low, it's rejected.

Why does a bank need a credit history?

Lending in the country is gaining momentum. In the second quarter of 2019 alone, Russians took out 3.9 million consumer loans worth 745 billion rubles, which is 13% more than in the same period in 2018. In the face of such demand, banks need to know who their borrower is: who and when he received the loan, how conscientious he is in his payments, what his credit load is and whether he has any debts. In fact, it is the client’s reliability that banks seek to assess using CI.

If the dossier is positive, the application will not only be approved, but will also be offered more favorable loan terms. Those who have not paid on time, applied for loans too often or have outstanding debts will almost certainly be rejected. This is explained by high risks: no bank wants to lose its money by lending it to an unreliable payer.

Which banks do not check credit history in 2019?

So, today there are virtually no banks that do not check credit history. The security service necessarily examines the file of each potential borrower who has given this consent. If consent is not received, the bank will be wary: perhaps there are serious flaws in the client’s credit history.

Another question is how demanding are banks? It turns out that clients are not always expected to have an impeccable credit history. They will turn a blind eye to minor flaws (delays in the past, closed debts) if:

• in a small bank. It is important for beginners to increase their client base, so the chance of approval of the application is high;
• . Suitable for cars, real estate or securities. Taking into account the collateral, the bank’s risks are lower, and the attitude towards the client is more loyal;
• . Loans issued via the Internet are issued quickly, but applicants are not checked so thoroughly. But you need to keep in mind that the amount of such a loan will be limited.

With a bad credit history, it makes no sense to go to a large state or commercial bank: they will almost certainly refuse. But there are organizations that are loyal to customers. It is in such banks, usually very young and modern, that they offer online applications and secured loans. Their names and features are described below.

New banks that don't check credit history

If well-known banks refused, very young organizations have a chance to have their application approved. For example:

• . Created in 2016, the bank issues loans without proof of income and to applicants with less-than-ideal qualifications in order to increase its clientele;
• . A relatively young institution that issues loans quickly and using a simplified procedure. For a loyal attitude to the credit history, an increased interest rate is charged;
• . It specializes in retail lending, so it offers a lot of loans, incl. with an increased percentage for those who have minor flaws in the CI;
• . If your credit history is damaged, the bank will offer you a secured loan or with a less than favorable interest rate. As an alternative, you can apply for a credit card.

It is worth remembering that a new bank is not necessarily reliable. Therefore, before taking the bait on an attractive rate, it would be a good idea to check the lender (license, place in expert ratings, customer reviews).