Getting your latest credit report back and learning a credit reference agency has given you a bad credit score can be very disheartening to say the least.
Unfortunately, it’s tough to get many important things with a bad credit score. Some things that a bad credit scores prevents you from getting include mortgages, business loans, car loans, personal loans, and lots more. However, there are ways around a bad credit score meaning that you can still pay for certain items and sign up to certain types of contracts in spite of your bad credit score.
Here we have come up with a little guide to some things that you can do and purchase which do not require credit checks, regardless of whether you have a bad credit score.
Get a Mobile Phone Contract
When signing a mobile phone contract, the provider must be sure the customer will be able to reliably pay for the contract and has the financial means to meet the monthly payments on time.
Many mobile phone contracts on offer on the market do require you to have a good credit score to take them out, but not all of them. Check out Accept Phones to look at getting affordable contracts for mobiles with no credit check required. A mobile phone is a modern-day necessity pretty much everyone should have.
Responsible Buy Now Pay Later Options Which Have No Credit Checks
Some online services today offer buy-now-pay-later as a payment option. This enables you to pay later through small instalments over a period of time. This is a great help to those with bad credit scores and allows them pay for things online with no credit checks or applications, and without any interest or additional fees.
You Can Still Purchase Plenty of Everyday Items without Going Through Credit Checks
Many everyday items can be brought with cash, cheque, or debit card outright and do not require any special credit checks or assessments of your personal financial circumstances whatsoever. Buying daily items such as groceries, petrol for your car, electronic products, does not lead to you having to go through any credit checks at all.
So, relax a little, not absolutely everything available to purchase in this world is off bounds if you have a bad credit score.
Short-Term Loans Do Not Have Credit Checks
An unforeseen cost such as having to pay for repairs for damage to your house or car, or even sudden illness, may plunge you into a precarious financial situation where you need to get your hands on money ASAP.
If you are unable to borrow money to help you out from any of your family or friends, a short-term personal loan may pretty much be your only viable option. However, fall into constant reliance on short-term loans can be a slippery slope and land you in deep financial issues. If they are particularly high interest loans you may find yourself being unable to pay off multiple short-term loans as they pile up.
Although having a poor credit score is an issue which can sometimes be a barrier to purchasing specific items and makes you ineligible for taking out certain types of loans, there are still lots of things you can buy without any credit checks.