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By: Thomas Maynard

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Monday, 25-Apr-2011 17:38 Email | Share | | Bookmark
Quid Loans With No Credit Checks - Are They Worthwhile?

 
Previous to the currently troubles the economy is facing actually started to surface, it was usually simple for people to obtain accepted for credit. Many of my friends in college were accepted for $3000 credit cards with no previous credit history. People could take out large mortgages on houses with small to no cash down. Things have changed.
Since the depression, not only have credit requirements become more strict for borrowers, millions of people have taken spoil to their credit scores. Foreclosures and bankruptcies are chiefly bad on your credit report. But even basically missing payments and defaulting on lesser Quid Loans has lowered the credit score of many people.
As a financial adviser, I can truthfully say that 95% of people I work with want to borrow cash without a credit check. I'm always receiving asked if there are good lenders who can do this. Many people are even uncomfortable to look at their reports. They know they've made mistake and got in over their head.

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