Millions of Americans have what mainstream financial institutions would consider “bad credit.” In fact, almost half of Americans have a credit score below 680. Most banks and traditional lenders consider any score under this level to be subprime, meaning that they will likely deny any such borrower who applies for a loan or credit line.
At LendSwift, we use information from alternative credit reporting services to help gauge your eligibility for our loan products. This means that to us, having a bad credit score is not a dealbreaker for any applicant. It also means that applying for a LendSwift loan will not affect your traditional credit score. LendSwift was founded to get quick cash to individuals underserved by the traditional financial system, and we take that mission very seriously!