A no-doc mortgage loan is one where borrowers are not required by mortgage lenders to provide any income documentation to support their ability to repay the loan. When these loans surged in popularity in the early 2000s, they were extremely helpful to a small percentage of workers with high incomes that could be hard to prove.
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Loans With No Credit Check – The Simple Dollar – A no credit check loan is a loan where the lender does not review your credit report and instead, looks at other factors before giving you money. A no credit check loan may be enticing to borrowers who have fair or bad credit scores (if your credit score is 669 or below, you fall into this category).
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