10 Mar No Credit Check Myths Are No Myths after All
In today’s world where having bad credit doesn’t seem like anything unusual at all, lots of businesses are getting their services more easily accessible for those whose credit rating are deemed inferior. Everywhere you look online, you can find bad credit mobile phone contracts, bad credit loans, and even no credit check offers.
Various financial products are offered on a no credit check basis, such as payday loans and logbook loans. This means anyone becomes eligible for a loan no matter what that person’s past circumstances are, even if the person has had bankruptcy in their name. There are also network providers which claim to provide no credit check mobile phone contracts.
In the past, most advisors rebuke no credit check claims, and for good reason. Most, if not all legit businesses always conduct some sort of credit checks before giving out their services to any customer. This can help avoid fraud and help protect customers as well in getting products that they cannot afford or won’t do them any good. Most companies promising no credit check offers in the past are either scams or have had very unreliable customer support.
Today though, as companies become more and more competitive and intent on making their services accessible for everyone, no credit checks are actually not a myth anymore. Today, there are actually legitimate companies that provide this service truthfully, and many of them actually provide amazing customer support.
But is it worth believing or relying on no credit check offers? Well, there’s no hard and fast answer to this question, because it depends on your individual situation. If your credit isn’t spectacular, but is something that can be remedied through good payment behaviour, perhaps bad credit offers would suffice. However, if you are struggling with extremely damaging problems such as IVA and bankruptcy, a no credit check offer might be your one and only ticket to getting the service that you need.