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Don't Build It. A Guide for ICT4D Practitioners to Just Say No

Don't Build It. A Guide for ICT4D Practitioners to Just Say No
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Why You Should Avoid No-Credit-Check Loans


Why You Should Avoid No-Credit-Check Loans
December 17, 2020 4:28 AM
Lindsay VanSomeren - Forbes Advisor
Posted:
Updated:
December 18, 2020 8:13 AM
When you need money fast and have damaged credit, ads for no-credit-check loans can be tempting. They may seem like the perfect solution to your financial problems, but no-credit-check loans are very expensive and can leave you in a worse position than you started.
Here’s why no-credit-check loans are dangerous, and several better options you can use if you need cash.
What Is a No-credit-check Loan?
A no-credit-check loan is exactly what it sounds like. Most loans require a credit check so lenders can see how well you’ve managed past debt. They then use this information to help qualify you for a loan and establish your interest rate. ....

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