If you have an emergency because your son got sick, your mom needs to buy his medicines, you had a car accident, your electricity bill got very high, you missed buying your son’s gift, and you can’t afford it at that time; the best option is to ask for a loan.
However, if you are one of those people who does not have a credit history because you are very young, because you have not had the need to borrow before, or because you do not have a fixed income and have been denied a loan; Paradoxically, many institutions will not give you a loan, because they have no reference to whether or not you are a good payer.
Likewise, if you have a negative note on your credit history , either because you stopped paying your loans due to carelessness or because you exceeded your ability to pay, or you were the guarantor of a person who did not pay their debts; it will also be difficult for you to obtain a loan.
There are several reasons why you can be left out of the credit system for not having a history.
But, on the contrary, those who have a credit card or have requested a loan, face laborious procedures; they need to have an endorsement (although certainly no one wants to get into that mess); and sometimes it is necessary to go to the offices to make the request, which implies a long waiting time, when you need the money quickly.
Fortunately, thanks to companies that work with financial technology, better known as fintech , today you can get a loan, without having a credit history, without an endorsement and in a very short time.
One of the alternatives is Kueski , a technology company that offers online financial services in Mexico, in which you can process a loan in minutes. The company is working to close the gap in access to credit, by creating a digital financial ecosystem, since they know how difficult a loan can be in a traditional way.
