The ideal method for this is to visit the PersonalLoansForBadCredit.net website and fill in the 3-minute application form
Atlanta, GA (PRWEB) July 19, 2012
PersonalLoansforBadCredit.net no credit check loans may help many on the road to financial recovery by allowing borrowers to meet their urgent expenses and avoid defaulting on payments that decimate credit scores.
The service is committed to offering loan comparisons for bad credit borrowers and works with a network of lenders who are able to approve loans within one hour – all without the need for credit checking. The loan matching platform has announced its new fact sheet on the ramifications of frequent credit scoring, which is now believed to be harmful to many.
A spokesperson for PersonalLoansForBadCredit.net made the announcement and shared details of the fact sheet.
“PersonalLoansForBadCredit.net is a busy website these days. We see an increasing number of traffic in the summer months as many people notice their bills increasing while their incomes remain plateaued – gas prices going up because of hurricane season, utilities bills skyrocketing because of air-conditioning and energy costs…it all adds up. Our clientele feel the pressure to cover expenses in all directions and receive no support from banks and other traditional lending agencies because of their so-called “bad credit ratings.” As an impartial service offering access to companies that can approve loans to people with all types of financial backgrounds, PersonalLoansForBadCredit.net champions finance options that do not include any form of checking for credit scores.”
The spokesperson continued, “We believe this form of scoring prevents many from obtaining the fairest loan rates. As we work with a network of lenders who similarly eschew credit scoring, we thought it was about time to help educate consumers about how credit scoring can do more harm than good.”
Some highlights from the fact sheet include the following:
Fact #1: Credit reference agencies come up with a number to represent a customer’s “creditworthiness” and many loan companies use this to decide how much to lend and how much to charge. This can work against most prospective borrowers, as a negative or low number from each search means higher interest rates. Confidential services such as the one at PersonalLoansForbadCredit.net will never share applicant information with these companies. Our online application feeds directly to our panel of lenders who set their own rates of interest without referring to any scoring that may penalize unfairly. This leaves the possibility of a borrower receiving a great rate and an instant loan paid directly into their checking account following approval.
Fact #2: Making late credit card and bill payments is harmful to a credit score. Individuals who are struggling to keep all their payments covered should consider consolidating those all into one payment. The ideal method for this is to visit the Personal Loans For Bad Credit Net website and fill in the 3-minute application form. It is possible to instantly discover how much can be borrowed in the format of personal loans with no credit check. Pay off all other obligations and enjoy the ease of having only one monthly repayment to handle!
To apply for and receive instant approval and payout within one hour, go to http://www.PersonalLoansForBadCredit.net