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18-years old young adults with no credit history routinely qualify for unsecured loans without a credit check, cosigner, or income. The federal government approves student loans for any 18-year-old applicant whose family completes the free application for federal student aid (fafsa) to attend college. Upstart is perfect for college grads with good jobs who cant get approved for traditional loans. If youre a youngster with little credit history, you may be able to get a personal loan, but youll probably be offered a small amount or a rate thats higher than the advertised deal this is because the lender may consider you a risky prospect. As a student, the loan with the lowest interest rate will be a student loan, which is repayable once you start working. Aside from this, there are personal loans available from a variety of lenders. the report also shows that another 19 million people didnt have credit scores because of limited credit histories. The cfpb report also found that between 64 and 67 of young adults ages 18 to 19 dont have credit histories, usually because they havent started borrowing and making payments. If you are a young person who has never taken out a loan before, then it can be difficult to secure the finance you need. Whats more, loans for young people with poor credit history can also be just as hard to come by, but luckily there are options out there. Complete your details and we will give you a personalised loan quote for young people. Upstart review loans for young adults with no credit history advertiser disclosure this articlepost contains references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services. We have come to appreciate over the years that many young adults have a legitimate need for a loan, and we feel it is our duty to help support such young people with access to the credit they need, when they need it.