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newbie19 · #1 08-17-2007, 08:33 AM

Can no credit check loans be true? I think that probably everyone wants to a do a credit check before lending out money. Even cell phone companies run a check before signing a contract. The only reason I ask is because I keep seeing ads for them at Yahoo and they seem fake to me. Thoughts?

WhatTheFrank.com · #2 04-12-2008, 08:10 PM

They will want to verify everything else.. job, income, 5 neighbors to harass. If an interest rate comes with your purchase.. hold on for dear life. They would probably want checks written to them so they can draft your account or have you sign an authorization to draft on your account on a certain day. ASK QUESTIONS? When they answer you ask again to see their answer in writing. This is to make sure they are not bs'ing you.