Hey everyone (1st post!),
Are there any banks/credit unions that offer personal lines of credit without having to provide proof of income?
Any reccomendations would be appreciated!
... Any reccomendations would be appreciated!
I'd recommend searching this particular subforum for "PLOC" and you'll find many different approvals. I will suggest most of those require no POI, but if not explicitly stated you can always ask the OP in the thread or DM.
Personally I have two: NFCU 15K & RBFCU 5K. Neither required POI.
Often POI requirements vary dramatically depending on claimed income and your CRs.
Navy Federal did not ask me for any POI for any of my 3 credit cards with them based on income in the 6 figures.
Of course, honesty is best just in case...
DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!10% Rotating - Discover 5%-20% - Amazon & Lowes 3-6% Groceries - NFCU & Amex Preferred
- Navy Fed
- Georgia's Own
- Wells Fargo
Never been asked for POI by:
5. Wells Fargo
6. BMO Harris
7. US Bank
YMMV. Some get asked for POI and others do not.
I think the better question is, are there any Banks that offer LOC without a HP? lol
Aside from the reasons that have been discussed regarding 4506-T and what 3rd party it goes through. I've never understood the aversion to POI, it's fairly simple process to upload docs to the Lenders. At least for my Personal Loans it was.