timothypburt's Space http://timothypburt.posterous.com Most recent posts at timothypburt's Space posterous.com Sun, 12 Feb 2012 18:19:00 -0800 Who Gives Out No Credit Check Loans? http://timothypburt.posterous.com/who-gives-out-no-credit-check-loans http://timothypburt.posterous.com/who-gives-out-no-credit-check-loans Unless you want the bank to go through your credit score and take a look at your credit report, you are going to want to stick to some type of cash advance. The only problem with a cash advance is that they are often very short term.

You are expected to pay the full balance plus fees back by the time you get your next pay check. Of course, you can pay it back in full by taking out another paycheck advance if you want, you will just have to pay the fees out of your own pocket.

If you are in the market for a personal loan that needs no credit check, you are probably not going to get exactly what you want. Here are a few alternatives if you need some type of personal funding but you don't have the best credit score or you have a down right bad credit record.

Start getting your finances in order and find the source of your problem. If you need to borrow money to pay bills, buy groceries and pay the rent then there is a problem with your personal finances. Buy a personal finance magazine and spend a few hours reading it. People usually make excuses about their financial difficulties but only you have the power to solve your financial issues.

If your adverse creditscore is preventing you from borrowing money or it is making you borrow money at an interest rate higher than you can afford try contacting with a few different credit advice companies and see what ideas they have for getting your credit score back on track.

If you have free credit card balances see if you can get some credit card checks to tied you over until you have your finances back on track. If you don't have any available credit on your credit cards, consider signing up for another card to get some more credit. This is only recommended as a provisional means to get out of a tight situation. Once you get through this financial mess you should take steps to get rid of some of the debt that has accumulated

Use peer-to-peer lending to secure a personal loan. Peer to peer lending basically means borrowing from a pool of either family and relatives or friends. If you have bad credit you still run the risk of having an inflated interest rate or not having your loan funded at all. At least spend the time to check out some different sources online. It is worth a shot and can get you out of a tricky situation.

If you have items that are of high value such as baseball cards, a car, a nice TV or stereo you might consider liquidating some of your better possessions to pay off immediate expenses. Who knows, these luxury items might be the purchases that got you into a financial crisis in the first place.

No credit check loan sizes range from $40 to $1,000. They have lesser terms like a single week to 1 month. Some no credit check loans additionally do not require security or security. Some lenders require post-dated inspections as security. Given that these tend to be very short-term loans, the rate of interest is very high.

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Sun, 12 Feb 2012 18:14:00 -0800 Who Provides No Credit Check Loans? http://timothypburt.posterous.com/who-provides-no-credit-check-loans http://timothypburt.posterous.com/who-provides-no-credit-check-loans There are honest individuals that have every intention of repaying a loan but their lives are too chaotic or their employment situation is too erratic for them to keep up with payments.

Then there are people who have problems with drink or drugs that want to borrow cash and have absolutely no intention of paying it back. They are just searching for a way to support their addiction.

When you put a person in a situation where they know they can prove their personal income but they know they will fail any sort of credit search, they resort to the internet and searches on Google for no credit search loans.

The reality is while many lenders are willing to lend to individuals with adverse credit history, they will do it only under certain circumstances, and usually with very poor terms. Lenders have to do credit searches to verify a person is who they say they are. This is particually true online as no trusted 3rd party will ever see originals of their proofs of ID and proofs of residential address. If you could get a loan and give a completely false date of birth and other personal details, it would make it very hard for the loan to be enforced.

When you apply for car insurance or other financial related product, these companies can do a status check on an person which is a search to their credit file. This is not however saved as an application for credit.

A financial institution may have a legal obligation to know exactly who you are before they send you funds.
Some below prime lenders may do a status check opposed to a credit check, but the vast majority of lenders and suppliers of consumer credit do a credit check. As soon as you are asked for your last 3 years address history and your date of birth this is usually a sign that a credit check is being executed.

A finance company is not allowed to do a credit search on you without your consent. An example of where you can refuse a credit search is when you move into a new house and you call the electricity supplier to tell them you are responsible for the bill. If they ask you your date of birth and your previous home address, you tell them you do not consent to a credit check as it will knock down your score with other potential lenders. Then they can’t do a check on you.

You are likely to be declinded for a loan or other credit agreement if you have missed payments, defaults or County Court Judgements. Defaults and County Court Judgements stay in your credit record for six years. If your defaults or judgements are at a previous address that you lived over 3 years ago it may be possible to be accepted for a prime loan.

An example of a credit agreement that is simple to qualify for is a sim only mobile phone contract. The mobile network is only exposed to the cost of the calls you make should you default, and since the real cost of telephone calls is very insignificant it is worth the risk for them.

Some companies use systems called Hunter, Fraud scan and Detect, which search your complete six years credit history and if this is the case you are likely to not qualify for the loan which in some case can be heartnbraking especially if you are in dire need for the money.

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Sun, 12 Feb 2012 18:10:00 -0800 What Is The Downside Of A No Credit Check Loan? http://timothypburt.posterous.com/what-is-the-downside-of-a-no-credit-check-loa http://timothypburt.posterous.com/what-is-the-downside-of-a-no-credit-check-loa Unless you want the bank manager to go through your credit score and take a look at your credit report, you are going to want to stick to some type of cash advance. The only problem with a cash advance is that they are typically very short term.

You are instructed to pay the full balance and fees back by the time you get your next salary check. Of course, you can pay it back in its entirety by taking out another paycheck advance if you so desire, you will just have to pay the fees out of your own pocket.

If you are in the market for a personal loan that involves no credit check, you are most likely not going to get exactly what you want. Here are a few options if you need some type of personal funding but you don't have the best credit score or you have a down right bad credit score.

Start getting your finances in order and find the source of your problem. If you need to borrow money to pay bills, buy groceries and pay the rent then there is a problem with your finances. Buy a personal finance book and spend a few days reading it. People often make excuses about their financial troubles but only you have the power to fix your financial issues.

If your adverse creditscore is preventing you from borrowing funds or it is making you borrow score at an interest rate higher than you can afford try contacting with a few different credit advice companies and see what ideas they have for getting your credit score back on track.

If you have available credit card balances try and see if you can get some credit card checks to tied you over until you have your personal finances back on track. If you don't have any free credit on your credit cards, think about signing up for another card to get some additional credit. This is only advised as a temporary means to get out of a tight situation. Once you get through this financial crisis you should take steps to eliminate some of the debt that has built up

Use peer-to-peer lending to get a personal loan. Peer to peer lending basically means borrowing from a pool of either family and relatives or friends. If you have adverse credit you still run the risk of having an inflated interest rate or not having your loan funded at all. At least spend the time to check out some different sources online. It is worth a shot and can get you out of a difficult situation.

If you have items that are of high value such as baseball cards, a car, a nice TV or stereo you might consider liquidating some of your better stuff to pay off outstanding expenses. Who knows, these luxury items might be the things that got you into a financial mess in the first place.

No credit check loan sizes range from $40 to $1,000. They have smaller terms like a single week to one month. A few no credit check financial loans additionally do not require assets or security. Some lenders demand post-dated checks as security. Since these are very short-term loans, the rate of interest is very high.


Further information

Permalink | Leave a comment  »

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