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Prodigy Finance FAQ: I have never taken credit before – why do I need to provide a credit report?

Prodigy Finance - November 04, 2019

Interested in a Prodigy Finance loan? Here's your chance to learn more about how long the application process lasts from start to finish.

Take a minute to watch this super short video. It'll answer your questions quickly:


Prodigy Finance: why do I need to provide a credit report if I've never taken credit before?


Prodigy Finance is a responsible lender and it is very important to us that our loan does not overburden you. This means that we need to make sure you do not have any undeclared debt or any bad debt in your history which is why we ask for a credit report

If you have never taken out credit before, your credit report will show this.

In some parts of the world, credit reports are so common that borrowers won’t have any trouble obtaining theirs and providing it to Prodigy Finance. However, that’s not the case globally. And, we do understand that some applicants will struggle - or may need additional time to secure their report.

If you’re uncertain where to get your credit report - or how to demonstrate that you don’t have one in your home country (perhaps because you’ve never taken credit before), these FAQs will get you started.

And, if you want to learn more about credit reports and why your credit score doesn’t follow you across international borders, take a moment to read this guide

Want to know more about applying for a Prodigy Finance loan?

If you still have questions about obtaining your credit report or applying for a Prodigy Finance loan, feel free to send us an email on info@prodigyfinance.com or check our FAQs pages to see if your question has already been answered.

Interested in a Prodigy Finance Loan?

Prodigy Finance offers no cosigner, collateral-free loans to eligible international students attending supported universities across the globe. If you're considering postgraduate study, you might want to consider a Prodigy Finance loan.

Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority.

Post updated for accuracy and freshness on November 4, 2019. Originally published on November 28, 2018.


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