One of the most popular questions people have is whether Rent-a-Center, Aaron’s or FlexShopper (among other rent to own companies) can report on your credit. They cannot, but here is a company that offers better benefits than rent to own and can report your payments and allow you to build a history. Here’s what you need to know about National Credit Direct.
It seems like wherever I look there is a Rent-A-Center, Aaron’s Rental or short term lender in a strip center. Who are these companies and do they serve their customers well? Some research about the Buy Now Pay Later (BNPL) market brought me to a company that finances people without performing a credit check. Its name is National Credit Direct.
This is the ONLY legitimate “No Credit Check” financing company I could find in the country. A quick Google search revealed that other companies claim they don’t check credit, but when you read the small print it states they often do check your credit, even rent to own companies do.
I researched National Credit Direct and they actually do have a program where they DO NOT CHECK YOUR CREDIT. They also guarantee your approval, which I will explain below. The company has been in business since 2006 and has served hundreds of thousands of customers. They offer over 15,000 consumer goods in a number of product categories, including:
They also offer popular brands, like: Apple, Samsung, Dell, HP, LG, Westinghouse, and more.
When a company gives you financing and does not check your credit, it’s important to understand how the company works. Upon a great amount of research, I discovered the company has developed a special “Credit Algorithm” for determining how much and when to finance your purchase.
The Six Easy Steps to Getting Approved with No Credit Check
After your first purchase they don’t require you to go through this process again. As long as your account is in good standing, National Credit Direct ships additional purchases after you order them, and the balance is applied to your revolving account agreement. Often your payment can remain the same on subsequent purchases, so your budget is not affected. Here are the steps to their No-Credit-Check approval process:
Step 1: Select a product at the National Credit Direct website.
Step 2: Submit your information.
Step 3: Set up an initial payment date. This is a one-time payment that is applied toward your purchase.
Step 4: Set up your first recurring payment date. They make it easy by offering weekly, bi-weekly, twice a month and monthly payments.
Step 5: Pay your initial payment plus establish 6 to 13 consecutive payments. The bigger the purchase the more payments they want to see.
Step 6: Validate your identity and mailing address.
They approve you and process your purchase for shipping.
You Can Save Up to $480 with National Credit Direct when Buying the Sony Play Station 5 Console
People can save on their payment amount and several hundreds of dollars on the total cost of ownership with National Credit Direct when compared to rent to own programs. *The advertised Payment is $169.99 but I converted it to a weekly payment amount for comparison purposes (monthly payment X 12 / 52). Prices evaluated on 12/12/2022. Actual article is here.
National Credit Direct has developed an innovative way to finance people with past credit problems. The pricing of their products are less expensive than rent to own options. The company also provides a loyalty program, Reward Points, that allows customers to accumulate 100 Points for every dollar they spend. As customers continue to pay off their balance the Points accumulate and can be redeemed for merchandise or cash back. The value is significantly greater with National Credit Direct compared to many other options for this customer market.
National Credit Direct has a reputation of following through on its promises for customers, and its limited reviews are satisfactory. Listening to the customer testimonials gives you good insight into what their customers think of them. National Credit Direct has a 3.8 stars out of five with Google Reviews and an A+ Rating with the BBB.
|Legal Name||NCD Financial, LLC|
|Founding Date||April 3, 2006|
|Address||3911 N Schreiber Way Coeur d’Alene, ID 83815|
|Number of Customers Service||300000+|
|Text or Telephone||(208) 779–3200|
National Credit Direct does take care of its customers. I don’t have a use for these types of companies myself but this is a multi-billion dollar industry. Hundreds of thousands, if not millions of people use companies like these. Some of them are publicly traded. While it’s easy to say these companies are bad, I’m more curious as to why so many people rely upon them, compared to more traditional forms of credit from banks and credit card companies. In the end, my research on National Credit Direct was surprising in a pleasant way.
The company does charge more than regular retailers, but they say that in their FAQs and they do not focus on charging a lot of nuisance fees. The total advertised price is really what a customer ends up paying, even if they are late or miss a payment altogether. Plus, the Reward Points gives customers extra value for being a good paying customer, so I give this company a positive review.
Here is a list of other companies I’ve found who serve the same types of customers:
In the coming weeks I will write reviews of these companies and maybe do some comparisons. I’m also looking to speak with customers and hear their take on what motivates them to buy from them. Thank you for reading.
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