There are many times people who already have payment notes and may even be in Kronofogden’s register who need to take quick small loans. Not infrequently, they are still struggling with the economy and they are then looking for credit companies that provide mini-loans without LC. Although mini-loans without LC are something that is often desired by borrowers, it is far from anyone who has control over what SMS loans directly without LC actually mean. However, this article intends to clarify.
LC is a credit information company
LC is a company that deals with credit information and in Sweden, LC is the country’s largest company of this type. Initially, the company was called Upplysnings Centralen, where the abbreviation comes from, but today it is mostly talked about the LC group, since LC now consists of several companies.
What LC mainly does is to provide documentation to various companies that need to know whether they should give credit to individuals and companies or whether they should relinquish.
LC does not decide whether you will be granted a loan or not
However, it should be noted that it is not LC that decides whether or not you will receive your minimum loan as it is entirely up to the credit company to decide on this. In this way, LC is an independent party that only provides the credit company with the information it requires, just like any other credit reporting company. In theory, you could thus get a quick loan even if you have payment remarks, whether you are looking for a minimum loan with or without LC.
Other credit reporting agencies
There are many more credit reporting companies than just LC, and these, of course, also have a good look at how the finances of private individuals and companies have been, given whether they have been able to pay credit and the like. You should therefore be aware that a mini-loan without LC is not the same as a mini-loan without credit information. The company you are trying to borrow money from is likely to investigate all of their potential customers’ credit worthiness in one way or another, because if they did not, they probably would not be very long-lived as a credit institution. In addition, it is the practice of good credit to actually check the credit rating of everyone who applies. Common alternatives are usually loans granted with a credit report from Bisnode, or Creditsafe, etc.
Loan despite payment remarks
Getting a payment note may happen the best. Payment notes can become a reality due to a time sickness, because of an unexpected unemployment or due to some other stressful situation but they can also come as a letter on the post due to carelessness or due to negligence in taking new credits. It is therefore not possible to pull everyone over a crest and for this reason there are credit companies that lend money even though the borrower has payment notes. In these cases, the credit companies usually want to know what your current situation looks like if you have permanent employment and the like.