How can you get a loan with no credit history? When you are new to the credit system, getting a loan can be incredibly challenging. There are many different reasons people do not have credit history: Someone might be new to the country, have closed out their accounts for at least two years, or maybe has simply not begun using a credit card yet. Young people often do not have credit scores to speak of, either. 

People with no credit are often called “credit invisible.” This basically means that the FICO credit scoring system cannot generate a score from that person’s file. When you have no credit score, you will likely have a hard time getting a traditional loan. If you are offered a loan, you might see restrictively high interest rates. 

So, what is the alternative? How can you manage to get a loan with no credit history to speak of? Today, we will walk you through an alternative pathway to lending that is perfect for those with lower credit: asset loans. 

How the U.S. Credit System Works

Before we dive into asset lending, it is important to provide some background about how the United States credit system works. Your credit score is a three-digit number that helps lenders understand a person’s creditworthiness. Another way to think of creditworthiness is, how likely are you to pay back borrowed money?

For those who do not have a credit history, it takes time to build up your score. A lower score can hurt your chances of getting a loan, and you will likely be offered higher interest rates. Lenders see those with no credit history or young credit history as a higher risk, as they do not have ample proof of repaying debts effectively.

Can You Get a Loan With No Credit History? 

In short, yes: You can get a loan even if you have no credit history. However, you may need to be more selective about the types of loans you are exploring. Traditional personal loans will likely penalize you for new or young credit, offering you higher interest rates and lower loan amounts. Luckily, there are other options. 

Asset lending is one of the best choices for those who do not have a robust credit history. Basically, asset lending allows you to borrow against one of your valuable assets. Here at AMETA Finance Group, for instance, we specialize in asset loans against luxury watches and high-end jewelry. Asset lending has many perks, including higher loan amounts and lower interest rates. But first and foremost, it is available regardless of a person’s credit score. 

Taking out an asset loan begins with an appraisal of the asset you are borrowing against. Once you have an appraisal, you will likely be offered a loan as a percentage of the item’s value. We offer loans of up to 80% of a luxury watch’s market value. So, if you had a Rolex watch appraised at $50,000, we could offer you a loan up to $50,000.

The best part? You will not need to go through a credit check, provide pay stubs or tax returns, or jump through all of the administrative hoops associated with traditional lending processes. Our asset loans are quick to fund, easy to initiate, and flexible for borrowers in all kinds of financial situations. We would love to help you access life-changing liquidity no matter what credit situation you are working with.

FAQs About How to Get a Loan With No Credit History

What credit score do you need to get a loan?

You can obtain an unsecured loan with any credit score. However, your credit score will often impact the interest rate you are charged. The average interest rate given to someone with excellent credit in 2026 was 14.49%, while people with poor credit were offered interest rates averaging 26.28%. When you choose a secured loan, like an asset loan, your credit score will not impact your ability to borrow money, nor will it impact your interest rate.  

Can you get a loan with poor credit?

It is possible to get a loan with poor credit, but you might see higher interest rates than someone with strong credit would. If you have poor credit, a secured loan can be a more attractive option. This type of loan involves leveraging an asset (such as a luxury watch) and borrowing against the value of that item. For a secured loan, you may not need a credit check at all. 

Does a bad credit score prevent you from borrowing money?

A bad credit score, or one that falls below 580 on the FICO scale, may not prevent you from borrowing money. However, it will likely mean that you see higher interest rates if you try to take out an unsecured personal loan. There are other lending options available, including collateral loans, that are not impacted by a bad credit score. If you have bad credit, consider borrowing money through a secured loan in order to reduce the burden of high interest rates. 

Can you get a mortgage with bad credit?

Many individuals are able to take out a mortgage with a poor credit score. However, you may be more likely to be offered a subprime interest rate. Essentially, this means you will be charged more to borrow the money, as the lender will assume you are less likely to pay it back. 

How can someone have no credit score?

Someone who has not used a credit card or borrowed money will not have a credit score. Young people and recent immigrants to the U.S. are two populations who are less likely to have credit scores. Young people, such as recent college graduates, may not have had the opportunity to borrow money yet. Recent immigrants may not have borrowed money or held a credit card in the United States. For FICO credit scoring, credit acquired in other countries is not considered. 

What loans can you get without a credit check?

Asset loans are one of the best options for getting a loan without a credit check. Instead of depending on changeable credit scoring to establish your likelihood of paying back a loan, asset lenders assess your worthiness based on your collateralized asset. You can borrow against the value of that asset with no credit check required. 

How do you borrow money without a credit check?

Borrowing money without a credit check requires exploring alternative lending options, such as collateral loans (also called asset loans). In this scenario, you can borrow against the value of an asset. This removes the need for a credit check, as you are demonstrating your ability to pay back the borrowed money through the asset that you have leveraged. 

Can I get a loan without tax returns?

Many unsecured personal loans through traditional financial institutions will require a credit check and/or tax return documentation in order to establish a person’s worthiness as a borrower. However, there are options to take out a loan without tax returns. An asset loan is one option to borrow against the worth of your valuable assets, no tax returns required. 

Does a credit score of zero exist?

There is no such thing as a credit score of zero. When people say “zero score” referring to credit, they likely mean that a person has no credit score. This does not mean that their credit score is literally zero points. Instead, it means they have not used a credit card or borrowed money and therefore, the FICO scoring system does not have enough information to generate a reliable credit score for that person.