Melissa Hart Explains No Credit Check Cards

Melissa Hart, senior lecturer in finance, lists the pros and cons of no credit check credit cards for applicants with no credit or negative credit they are trying to rebuild.

“The only time suspicion would be raised is if they are not checking your credit, and do not require a deposit,” said Hart. “This situation would be extremely rare and is probably more likely an extraordinarily high-interest rate line of credit option similar to a payday loan.”

Read more on WalletHub.