Posts Tagged ‘Credit Checks’

Cell Phone Deals, With No Credit Check

Eric Morris asked:




If one has to go in for a cell phone plan that is based on billing systems, one has to undergo a lot of scrutiny. Since this is more or less like a credit that the cell phone company is offering its user, the credit history of the individual is checked to find out whether the person has a good history of paying credit. It becomes very difficult for someone who has a bad credit history to get a good cell phone deal for himself.

The option for such people who have bad or no credit history or those that do not want their credit histories to be checked is to go in for prepaid connection. This is one of the best ways of beginning to use a cell phone and understanding the nuances of both the cell phone usage and the cost pattern of one’s usage.

There are no credit checks required with most cell phone companies that give prepaid connection. One can just pay for the upfront money to get the phone and connection and one can get the minutes loaded into one’s phone and one is ready to go mobile.

Besides this, the other advantage of a prepaid connection is that there is also no deposit that is required on such a phone. There are also no monthly rentals required to be paid for using the prepaid services of a cell phone company. If someday one decides not to use the services of a cell phone company, one can choose to forgo the mobile connection and no termination fees will be charged from the user.

Apart from this, since one can use the phone only till such time that it has credit on it, one cannot excessively use the phone and cause one’s costs to go up exponentially. Thus one’s budget on making calls is in control and one can make amends to the same depending on how much one has already spent on the phone.

Prepaid phone deals are best for those people that do not plan to use mobile phones extensively and those that have a bad credit history.

Sherry

Find Furniture on Credit With No Credit Check

Albert Avnon asked:




So let’s say you passed by a furniture shop and found that living room set that you’ve been searching for all this time. But let’s also say that you have a bad credit history behind you that prevents you from buying it. This can be frustrating for some, especially for those who are obsessive-compulsive about protecting their credit score. In this case, what should you do to get that sofa out of that shop and into your front door?

While thinking of ways to do so, the thought of asking for a loan will no doubt cross our minds at some point. But it won’t be so easy especially if you’re notorious for not paying your dues, and this shows through your bad credit history and credit score. So what would you do if you were the one placed in this unfortunate dilemma? Ultimately, the choice is yours, and choosing is made easier with the existence of no credit checks.

With your bad credit history in the way, it’s hard to buy the things that you both want and need in your home. This often happens when you apply for loans that you don’t pay back on time or at all, and this is what often gets people in a boatload of trouble. No credit checks avoids this problem altogether, and payment is as simple as it gets with minimal to non-existent interest.

Thankfully, you can now find and buy the furniture you want on credit. However, it has its own limitations. For one thing, most no credit check loans are made for the short-term, and even then you can’t borrow that big an amount of money. If you want to borrow more, you would have to pay something as collateral, and you would probably tend to lose more money in the longer run.

As mentioned previously, you’d have to pay collateral for the longer-term deals, and they can be secured by means of sacrificing personal effects such as jewelery and watches. If you can’t pay on time or if you default on your loan, it won’t be hard to sell the properties to pay off the loan. But of course, any excess money is returned to you, the client, but the chances of you seeing that Rolex ever again range from slim to none.

So before making that decision, first ask yourself if this risk, albeit minimal, is worth it. Is buying that coffee table really necessary for your home? Is it worth losing life, limb, and your mother’s gold necklace and family heirloom over?

When buying furniture -or anything else at all for that matter -the top priority should be to pay your dues on time. Not all credit checks are foolproof, but they do provide you with an easier means to borrow money if you have a bad credit history and an undesirable-looking credit score. Weigh the risks carefully before buying because you’d probably end up with something way more than you can chew. If you can hack it, then go for it.

Betty

Finding Catalogues With No Credit Check

Harry Biel asked:




It’s hard to shop if you have your hands tied at home or if you don’t have a car to take you where you want to go -especially if the new furniture you have been waiting for or that new piece of technological hardware just came out. In this situation, people choose to shop through catalogues and sometimes opt to pay weekly instead. It looks easy, but let’s say that your credit score is far from stellar and you want to apply for their catalogue credit cards. Would you still want to buy the things that you want? If so, what would you do then?

In this case, those with a bad credit history would find applying for this kind of loan difficult. Luckily, there are loans that skip credit checks altogether, but these have higher interest rates than most. Additionally, those that go for catalogue credit cards would find their purchases limited to that vendor only. However, the process is easy this way, not to mention quicker. Mostly, companies would only ask for identification and an address, and correspondence usually takes less than 24 hours.

Short-term loans like these, as mentioned previously, high interest rates, and a missed payment can definitely mess up your credit score. It’s not surprising to see an interest rate of over 20 per cent in your loan, but long-time catalogue shoppers don’t mind much. Think of it as the price paid for both convenience and delivery. Thus the phenomenon that is online shopping starts to make sense -those two factors are the main characteristics that draw customers in, and it’s hard to break this cycle despite the awareness of the high interest rates.

Will catalogue shopping drive you deeper into debt and ruin your financial status altogether? Not necessarily. It is useful and convenient, but you have to be responsible over the things you want to spend your money on. Do you really want to buy a vase online when you can find the exact same design on a vase displayed at a garage sale next door? Probably not, so smart shopping is a must here. But if you are in a substantial amount of debt and really need to buy that brand new couch for your living room, it’s pretty easy to find catalogues with no credit checks online. No employment verification is needed, and it’s not all that hard to garner approval from these sites.

So if you’re quite the home buddy or if you’re a full-time mother babysitting three children, it would not hurt to try catalogue shopping, and this is possible even with a bad credit score. It saves a lot of time, and it is very convenient for those who want their stuff delivered right to their doorstep. The only feasible disadvantages of catalogue shopping is that they can have sky-high interest rates, and some of the catalogue credit cards are only usable with one company. Still, if it appeals to you, it provides you with an interesting and an overall time-saving and hassle-free way to shop.

Anne

Do Credit Inquires Hurt Your Credit Score?

Mike Clover asked:




A credit inquiry is an item on your credit report that shows with permission a creditor requested your free credit score report.

Not all credit inquiries affect your credit score:

You may notice when you pull your credit report there are inquiries on there from a business you are not familiar with. The only inquiry that affects your credit score is the one where you are applying for credit. This is considered a hard pull on your report.

Inquiries that affect your credit score:

There is only one type of inquiry that affects your score. This type of inquiry is applications for a mortgage, auto loan and other credit, by you authorizing these creditors to access your credit report. This type of inquiry prompted by your own actions ends up on your personal credit report and affects your score.

An inquiry that does not affect your credit score: Checking your own personal credit report or any business that offers goods and services that requests your report. A business that you already have a account with that requests a check. A potential employer that does credit checks. Some of these types of inquiries might show up on your report but do not affect your credit score.

Checking your credit report does not affect your score:

Checking your credit report on a regular basis to ensure it is accurate and error free is recommended by Fair Isaac the inventor of the FICO Score. Maintaining a error free report is part of credit management which will improve your credit rating over time. Ordering your credit report at CreditScoreQuick.com does not hurt your credit score.

How credit inquiries are factored in your Credit Score:

There are five types of information used to calculate your credit score. Each category accounts towards a percentage of your score.

Payment History – 35%

Amounts Owed – 30%

Length of Credit History – 15%

Types of Credit in use – 10%

New Credit – 10%

Don’t let inquires scare you. There is nothing wrong with shopping for a better rate, or better terms on a loan. As you can see in the about chart, payment history is the biggest factor in calculation process of your credit score. The second biggest factor is how much of your approved credit limits are charged up. But of course you don’t want to go out and start applying for every credit offer out there either. Be responsible and have a good mix of credit, but stay away from too much credit as well You really on need 3 lines of credit reporting on your report.

Example:

1. credit card

2. car note

3. installment loan

This type of credit mix accounts for 10% of your score.

Laurie

No Credit Check Apartments in Birmingham Alabama

Fox Miller asked:




First and foremost, know what you are getting into when you look for apartments for rent in Birmingham Alabama that do not require credit checks. You may have a valid reason for having bad credit, say, you’ve been through some rough times and are starting anew with a great new job in Birmingham. In any case, it will be na