Letters of call are an important tool that financial institutions often rely on to conduct loan assessments. However, for some people who do not have a record of the letter, it is an obstacle to their loans. What, then, are the avenues for loans for those who do not have letters of credit? This paper will be analysed from multiple perspectives。

How can I borrow without a letter

First, some traditional financial institutions rely on letters of credit records to assess the repayment capacity of loan applicants. However, for those without a record of correspondence, they can seek help from some non-traditional financial institutions. For example, some microfinance companies or online loan platforms are more flexible for those who do not have a record of correspondence, and they conduct a comprehensive assessment based on the applicant ' s other information and qualifications. Such an approach could provide access to loans for those without a credit record。

Secondly, for those who do not have a credit record, they may choose to offer guarantees or mortgages to increase the viability of the loan. For example, family and friends with a good credit record could be found as guarantors of the loan or valuable collateral could be provided to compensate for the deficiencies in the credit call record. In this way, financial institutions can more confidently agree to loan applications, as they can rely on these additional security devices to reduce risk。

In addition, a number of financial and technological companies have begun to focus on groups that do not record letters and to provide solutions accordingly. These companies use big data and artificial intelligence technology to assess the creditworthiness and repayment capacity of applicants by analysing other data and behaviour patterns. While this approach is still at the stage of development, it provides a new channel of credit for those without a credit record。

Finally, good credit records are the best way to resolve long-term problems for those who do not have a credit record. Credit records can be built up in a number of ways: timely repayment of credit card bills, borrowing to establish a good repayment record, maintaining a stable employment and income position, etc. In this way, over time, the lending institutions will be able to increase their trust and offer appropriate credit lines。

In the light of the above, loans are not completely hopeless for those who do not have a letter record. Access to credit opportunities can be achieved by seeking support from non-traditional financial institutions, providing guarantees or collateral, using innovative means of assessment of financial science and technology companies, and developing good credit records. For those without letters of credit, it is important to take active action to find a path for their own loans。