I have good credit but no references because I am a loner.
I know some people because I play basketball with them once a month but dont know their last names or phone numbers. We dont hang out at all just play bball for an hour.
My family lives in a foreign country so I cant use them.
So why do banks require references and will they decline me if I dont have any?
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Not all banks require 5, but most do require some. They require references so that they can find you if you suddenly stop paying and don’t communicate with them, they need friends or family to call to ask where you are so they can contact you.
Yes, if you don’t give them what they need to complete the loan, they will decline to lend you money.