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Like the name suggests, a short-term credit without a credit check is a final arrangement between a creditor and an investor, with a tight timeframe and without the investor having to undergo a credit check. Many creditors in today's markets will check the creditworthiness of those who apply to themutomatically.
It is a way of establishing whether someone can make the refunds without delaying the loans. Loans of limited duration are usually granted with one or more months or so until they have to be paid back. It' s conceived to make sure that individuals are not dragged down with repeated payments every month. What is more, it'?s a good idea to make sure that your money is not being used as a means of getting it back.
Because of the short-term character of the financing and the absence of collateral for the creditor without a credit check, the available loan sums are generally somewhat lower than with conventional financing alternatives. Usually, if you are looking for any type of financing, this is highlighted on your credit reference.
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