Despite the growing popularity of bank credit cards, many people are still actively using the services of microfinance institutions – payday loans or at least are thinking about taking the first loan. It would seem that you can easily get either a debit card with a credit limit or a credti card with a grace…
Not all clients are responsible for their credit obligations. The loans from microfinance organizations are considered frivolous at all. Short terms, ease of application, small amounts resemble borrowing from a friend, and not a complex banking operation. Only after a while the debtor asks the question: “What will happen if I do not pay off…
A borrower’s credit history is the first thing that banks look at when considering a loan application. If it is good, then nothing else matters. But if you have performed poorly on your previous credit obligations, you can forget about borrowed funds. Of course, you can try to get a loan with no credit check….