Checking Accounts that Don’t Require a Credit Check
News from Go Banking Rates:

There was a time when your credit did not dictate whether or not you could obtain a standard checking account. However, over time, more banks and credit unions began requiring customers to good credit in order to open an account.

In the eyes of financial institutions, a good credit score means a customer is reliable and has good money management skills. Unfortunately, this good credit requirement imposed by most banks can’t be met by millions of potential customers. Therefore, they must turn to no credit check bank accounts or other alternatives to manage their banking needs instead.

Bad Credit Versus No Credit When Opening an Account

It’s important to make the distinction between customers who hope to obtain a checking account with bad credit and those who have no credit.

When it c…………… continues on Go Banking Rates
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Related News:

5 ways to improve your credit score for a lower interest rate
News from Bellingham Herald:

It’s time to improve your credit score, now that a federal report found Floridians have more money to pay down debt, thanks to more overtime, raises and new jobs.

A higher score can help Floridians grab a lower interest rate on loans and credit cards.

T. Rowe Price, an investment management company with a Boca Raton, Fla., office, reported that consumers with high credit scores can save as much as $ 300 a month in a lower house payment on a $ 300,000 30-year, fixed-rate mortgage. That’s because good credit risks are rewarded with a lower interest rate — in some cases more than 1.5 percent less.

Here are five ways to improve your score, according to T. Rowe Price:

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Get into a habit of paying down debt. And don’t think you have solved your debt problem by moving it around. Moving balances can …………… continues on Bellingham Herald

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