What is the easiest credit to get?

9 Dec

What is the easiest credit to obtain, what is behind this criterion? We will see that revolving credit is easy to obtain credit. Easy credit, on the other hand, does not mean credit without supporting documents. Let’s determine together which is the easiest consumer credit to obtain.

Which credit is easier to obtain?

Which credit is easier to obtain?

There are different types of consumer credit:

  • Credit for all projects without proof of project to be provided (personal loan, revolving credit)
  • Car or work loans with mandatory proof (order form, invoice, quote)
  • The repurchase of credits

Loans that do not involve any proof of project are naturally easier to obtain, since they are not subject to a precise proof. It is actually personal loan and revolving credit. But then which credit is easier to obtain among these two “all projects” loans? Let’s take a look at the characteristics of these two credits.

Type of credit without proof What there is to know
Personal loan
  • Credit without proof of use of money
  • Amount: $ 1,000 to $ 75,000
  • Duration: 12 to 60 months (sometimes longer)
  • Fixed APR rate very variable from one organization to another
Revolving credit
  • For a small loan (generally less than 4000 $)
  • Duration: 6 to 60 months maximum
  • Credit easier to obtain than a personal loan (fewer supporting documents)
  • High revisable APR rate
  • Cash reserve available at any time (express transfer or credit purchase)

Revolving credit, proclaimed easiest credit 

Revolving credit, proclaimed easiest credit

Revolving credit is easy credit without proof of use obligation. Generally associated with small amounts, it hides behind this ease of subscription a sometimes high APR rate. This rate is also subject to revision, indicating that it is likely to change. This is mainly the case when reusing the money available in the reserve.

Relatively expensive in terms of rates, revolving credit is therefore only interesting if it is repaid over short periods. However, be careful not to request excessively high monthly payments, at the risk of being forced to constantly draw from the available reserve.

Good to know: this easier-to-obtain credit is also offered directly by certain stores, in partnership with credit organizations.

How can I get an immediate response to my request?

How can I get an immediate response to my request?

Our credit comparator integrates the best revolving credit offers. It guarantees two things:

  • A classification of the best APR rates
  • An immediate response in principle

Any credit simulation of 4000 USD or less redirects to online revolving credit solutions.

Evidence of revolving credit

Revolving credit generally does not involve providing a tax notice, unlike personal loans. The list of supporting documents therefore mostly sticks to the basics:

  • ID
  • Proof of address
  • Latest pay slips (usually 2)
  • RIB