To transform your credit position from a bankrupt state to a healthy situation, a valued solution can be to have a 'credit cards no check'. As name suggests, credit card no check has no credit on it, hence, practically, it becomes a debit card. The companies who supply credit card no check have no risk to face at all, as they don't have to lend any money on them. The users of this type of credit card have to put money on their own cards before using them like we do with our check books.
All the same, when a user of this type of credit card receives the card; he/she will have to pay an annual membership fee. Usually, the fee for membership is about $145.95. To be eligible for a debit card, you should be 18 years of age, with citizenship or permanent residency, and should not reflect any un-discharged bankruptcies on the file.
There are other types of companies offering credit cards no check that ask for funds in advance on account from the persons who apply for credit cards. The regulations to control the amount to be deposited on the credit no check cards and the time for depositing them are informed by these companies. The transactions made on this type of credit cards are charged. In addition, there is a service charge and a fee for inactivity of the cards as well. With all these charges, having this type of credit card no check can be a loss rather than a help.
Therefore, having a debit card from a bank is easier and more profitable than owning a credit card no check. Banks normally issue debit cards for their customers free of charge. Nevertheless, whenever there is an overdraft, the user has to pay a fee. In addition, whenever they use an ATM machine, a charge is levied as well.
The Debit card system now takes a prominent place among consumers. These types of cards are highly welcomed by every major retail shop and grocery store. Many restaurants and fast food outlets also accept them. Credit Card No check is really helpful to those who want to rebuild their lost prestige and credit worthiness. Nevertheless, they are not a help to the owners that much. To take advice and a method to overcome credit difficulties from a nonprofit institution is far better than applying for a credit card no check