America is currently in the midst of a financial crisis and as a result, major banks have not only cut back on the amount of lending they approve, they have also tightened the lending criteria for personal loans.
This means that unless you have a virtually perfect credit history, high credit score and a secure well-paid job, you are liable to be turned down for even small loans by major banks. And how many of us can say we meet these exacting criteria?
No Credit Check Loans
No credit check loans offer an alternative to traditional bank loans and as the name suggests there is no credit check involved. This means that if you have erred in the past – made a late payment on a credit card or missed a loan payment – you won’t be automatically declined for a new loan.
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