No credit check credit cards have become very popular in the United States. Times are tough financially and as people default on their financial obligations and loans, lenders are making their approval requirements more stringent. Because of this, many people are turning to no credit check credit cards.
Even those people with average or above-average credit scores are finding it difficult to obtain credit cards. Those with credit scores below average will find it almost impossible to obtain a “standard” credit card. We have many more Credit Repair Articles Now Available.
No credit check credit cards, as the name implies, are issued without the creditor running a credit check. This enables those with a poor credit history to apply and be approved in many cases. These cards still have some requirements for approval. You must be at least 18 years old, a U.S. resident, have a social security number, be gainfully employed, and able to provide proof of address, identification, and current employment.
A great benefit of these cards is that they report to the three major credit reporting agencies, TransUnion, Equifax, and Experian, which will help to build the credit of those with a below average credit score. This should, in time, help the cardholder to obtain better financial products with better terms.
Companies that issue cards of this type include banks and other financial institutions; however, they are more commonly found online. You will need to complete the application online and will normally receive an approval or denial within moments. If approved, the cardholder will receive their card in the mail within a few days.
As with all credit cards and loans, you should shop around for the best deal. Look for the lowest annual percentage rate (APR), monthly charges, annual fees, and other various benefits.
After you have shopped for the best no credit check card, make sure that the company’s web site is secure before providing your personal information online. It is wise to perform a quick internet search and obtain other people’s opinions of the company. We have many more Credit Repair Articles Now Available.
Once you have received your no credit check credit card, be sure to keep well below your credit limit and to make your payments on time every month. This type of spending behavior will help to repair your credit score and help to make you eligible for better financial products.