Does CreditNinja Check Credit?

While CreditNinja doesn’t look at your traditional FICO score, we review your credit history through a separate credit company. Other factors that will affect your application are your income, other outstanding loans, and your overall ability to repay the loan. 

If you’re currently struggling with a low credit score, there are options available to you. CreditNinja’s personal installment loans are designed to help borrowers with less-than-perfect credit. So while we do check aspects of your credit history, it’s not the only thing we consider when reviewing your application. One of the most important things we consider is each borrower’s specific ability to repay a loan. 

If your credit score is lower than average, getting a loan may be a struggle in some cases. Your best bet for improving your financial situation is to improve your credit score. Luckily, there are several different strategies for boosting your credit over time. 

Your credit score is made up of several different factors:

  • 35% payment history
  • 30% amounts owed
  • 15% length of credit history
  • 10% credit mix
  • 10% new credit

This means that the biggest things affecting your credit score are your payment history and the total debts you currently owe. These are a great place to start when it comes to improving your score. Our best advice would be to focus on making all your bill and loan payments on time. Any recurring payment that you have could potentially affect your credit. Start by setting up automatic payments so that you never miss one. 

The next step will be to start paying off your outstanding debts. Got a car loan that’s near the end of the repayment period? Maybe a student loan has been following you around for years. Figure out whether or not you can allocate some extra cash each month to payments like these. By getting rid of them, you could potentially improve your overall credit score.