Credit is an important part of the loan approval process, but you can still be approved for a personal loan with bad or no credit. Our lenders consider credit an important issue when applying for a loan, but also take into account other factors as well. Of course, it is easier for a lender to approve a consumer with good or average credit than it is one with credit issues, but bad credit does not necessarily mean that a lender will reject your application. Income and employment status play a major role when a lender evaluates your current financial position. If you have past credit problems, but are working to rebuild your credit, lenders also take this into account when considering you for a loan. Even the most negative credit situations do not necessarily prompt a loan rejection.