Does iCash do a credit check?

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iCash performs a credit check when you apply for a loan, but your credit score isn’t the only factor they consider. They use various assessment methods and don’t require a perfect credit score. The check might slightly impact your score if it’s a hard pull, but it won’t make or break your application. Reach out via phone, text, or live chat if you have any questions.

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Icash Credit Check Question

Does iCash do a credit check? I’m curious if applying for a loan with iCash affects my credit score because of a credit check.

From: Anonymous Question
Location: Winnipeg, Manitoba (MB)
Category: debt consolidation

Icash Credit Check Answer

iCash does conduct a credit check when you apply for a loan. While your credit score plays a part, it’s not the whole story. They also look at other factors, and the credit check itself might slightly affect your score if it’s a hard pull. But don’t sweat it—iCash doesn’t demand a stellar credit score for you to qualify for a loan. They’re all about using different assessment methods, not just sticking to traditional credit checks.

From: Insider Adam

Office of the Superintendent of Bankruptcy (OSB) Answer

iCash does conduct a credit check when you apply for a loan. This process is standard practice among lenders and can affect your credit score depending on the type of credit inquiry made. For specific details, refer to the applicable lending regulations under the Consumer Protection Act, which outlines lenders’ obligations regarding credit checks and their impact.

From: OSB Helper

Related Questions to Does Icash Do A Credit Check

Here are the top 5 most frequently asked questions related to whether iCash performs a credit check, based on the provided information and general trends in personal finance inquiries:

Does iCash do a credit check for the first loan application?

• Yes, iCash conducts a credit check for the first loan application.

Are credit checks required for subsequent loan applications with iCash?

• No, credit checks are not required for any second or subsequent loan application.

How does iCash prioritize loan approvals if not based on credit score?

• iCash prioritizes loan approvals based on income and the ability to repay.

Can I get a loan from iCash with a poor credit score?

• Yes, you can still get a loan from iCash even with a poor credit score.

How quickly can I receive funds from iCash if approved?

• Funds can be received via e-Transfer in as little as 2 minutes after approval.

If you have a question about debt see our debt questions or ask your own debt related question.

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