Wednesday, 13 March 2013

Buy Now Pay Later No Credit Check

A new type of loan for people with bad or no credit is referred to as, Buy Now Pay Later No Credit Check. It is possible to get a loan to buy anything you need and not have to go through a credit check.

We won't be seeing the end of buy now pay later no credit check programs any time soon. I bet you have thought about buying something and taking it home today, without having to pay for the item today. Because of the economic slowdown there are companies willing to offer loans to consumers with poor credit histories.

One of these is called a buy now pay later no credit check loan. Even if you have poor credit, or have previously filed for bankruptcy, this plan will allow you to get credit. Your approval will not depend on your credit history.

Many people that would ordinarily be denied a loan have been able to get financing.

Such programs come with some requirements. A reliable monthly income of at least $1000 is required by most lenders. They'll take retired people and those getting Social Security, among others. As long as you can prove that your income is reliable they do not care where it comes from.

Bank Account: A service that does not require a credit check will require that you have a bank account. By deducting loan payments directly from a borrower's bank account, lenders have found that they can lower their own risk.

The borrower needs to be a least 18 years old and have telephone service in his or her name.

How to Apply: Get on the internet and research companies that offer this kind of loan. There are many businesses on the internet that offer loans with no credit check.

ValuePlus Financial did the work of assembling a list of companies that offer shopping credit up to $12, 500 that allows consumers to buy now and pay later with no credit check. The companies are Fingerhut credit, Gettington credit, Tronix Country, 1st Platinum Plus Credit, Horizon Gold Card and The Superior Shopping Network.

Click here to access the list of shopping credit providers.