01:48
zahid
When a non-bank lender really offers no-credit check loans for individuals with poor credit history, this lender is likely to face the music on providing misleading information to their clients as Federal Trade Commission (FTC) will take serious legal action on unscrupulous lenders. If you noticed that any non-bank lenders who constantly misinformed their borrowers at the first place, they normally receive a tremendous low (Better Business Bureau) BBB rating due to number of complaints filed by their clients (as well as their former clients).
Since no-credit check loans normally indicate a scam - how come there are still non-bank lenders offering such loans online?
Apparently such loans are meant for individuals who could not obtain traditional loans because of their poor credit record. You can actually get the real BBB accredited no-credit check loans on the Internet - by applying for a co-signer loan. Here's how you should do it:
Look for a trustworthy person to be your guarantor
Non-traditional lenders will always take your loan application into consideration when you have something valuable to back your application. If you have no collateral to support your application - hence, you need to have a guarantor - who has an excellent credit score, and the lender would approve a certain loan amount based on the creditworthiness of the guarantor. The ideal candidate to be your guarantor can be your spouse, or someone who is willing to help you during difficult times. Make sure you have good terms before and after the co-signer loan application process.
Request for a better loan deal from the lender
A reputable accredited lender normally provides an open negotiation with their clients until a total agreement is reached. During the negotiation process, you need to this opportunity to request for a total loan amount reduction as well as annual percentage rate (APR) deduction. If the lender does not wish to lower their no-credit loan product, do not act hastily by accepting their offer. Tell them politely that you need some time to reconsider their offer.
Since no-credit check loans normally indicate a scam - how come there are still non-bank lenders offering such loans online?
Apparently such loans are meant for individuals who could not obtain traditional loans because of their poor credit record. You can actually get the real BBB accredited no-credit check loans on the Internet - by applying for a co-signer loan. Here's how you should do it:
Look for a trustworthy person to be your guarantor
Non-traditional lenders will always take your loan application into consideration when you have something valuable to back your application. If you have no collateral to support your application - hence, you need to have a guarantor - who has an excellent credit score, and the lender would approve a certain loan amount based on the creditworthiness of the guarantor. The ideal candidate to be your guarantor can be your spouse, or someone who is willing to help you during difficult times. Make sure you have good terms before and after the co-signer loan application process.
Request for a better loan deal from the lender
A reputable accredited lender normally provides an open negotiation with their clients until a total agreement is reached. During the negotiation process, you need to this opportunity to request for a total loan amount reduction as well as annual percentage rate (APR) deduction. If the lender does not wish to lower their no-credit loan product, do not act hastily by accepting their offer. Tell them politely that you need some time to reconsider their offer.
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