Question : How does a no credit check loan, or no credit check financing affect your credit.?
How do these types of loans affect your credit. Does it improve it when its paid on time, and does it hurt it when you don't. Just wondering because if there is no credit check, how does it reflect on your credit.
- asked by iqyellow
All Answers:
Answer #1
I think the idea is;People with bad credit are theones who would usually go for a loan like this.Theinterest rates are very high, to allow for highrisk lending. They probably have Heavies to harassyou if you don't pay.Best to stay away from them.If they don't do a credit check, it cant affectyour credit, good or bad.Stay away!!
- answered by Lady in Red
Answer #2
Stay away from these types of credits, they arevery bad.
- answered by Rach B
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