It is possible to borrow money without having an income. Many people think it's impossible to take out a loan without proof of income because lenders want to know how much you're earning. However, while a lender will be interested in your income, their primary concern is your credit rating. It is important to consider the changes carefully before refinancing loans held by the federal government, as doing so will no longer qualify for federal loan default, interest waiver, or any other current or future benefits applicable to federal loans.
Can You Get a Loan Without Proof of Income?
Find out if it is possible to get a loan without proof of income and what factors lenders consider when assessing your application.
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