Shaw University Professor Karen Nunez shares her expertise on WalletHub to help consumers make informed decisions about their finances

You Are Here:
Shaw University Professor Karen Nunez shares her expertise on WalletHub to help consumers make informed decisions about their finances
Professor Karen Nunez, Ph.D._Shaw University
Professor Karen Nunez discusses no-credit-check credit cards on

Karen Nunez
Ph.D., MBA, CMA, Associate Professor, Curi Capital Faculty Fellow, School of Business and Professional Studies, Shaw University

Financial institutions analyze an individual’s credit history to assess creditworthiness and ability to repay. When there is no credit history, there are no indicators of creditworthiness and ability to repay, so lenders are sometimes reluctant to extend credit.

No-credit-check cards are useful when you are trying to build or rebuild your credit history. In general, there is no reason to be suspicious of a no-credit-check card. A no-credit-check card has less strict approval criteria. New applicants generally do not have a credit history. If you are a new applicant and you have no credit history, applying for a no-credit-check card increases the likelihood of application approval.

Most no-credit-check cards are secured cards and a deposit is required. The deposit should be refundable. Also, consumers should compare a card’s annual fee and APR to similar cards.

It is hard to place a value on no-credit-check cards. But to the extent that an individual can build or rebuild their credit, there are several future benefits: access to traditional credit cards that do not require deposits, lower annual fees, higher credit lines, cards that offer rewards, and access to other types of credit.

Related Articles:

RALEIGH, N.C. (May 26) - The Shaw University women's basketball program is proud to announce that Lou Hamilton is the new Associate Head Coach of the Lady Bears.
I am delighted to again be serving as the Corporate Captain on behalf of Shaw University’s 2023 Day of Giving efforts. Last year, we generated over $1 Million in total raised funds for Giving Day.
In only his second year, Antoine Lynch of Shaw University was named the 2023 CIAA Sports Information Director of the Year at the conference end-of-year awards reception in Richmond, Va., on Tuesday. Lynch was voted by his peers in the CIAA-Sports Information Directors Association.
We want to express our heartfelt appreciation for your support towards #ShawU during the Day of Giving. Your contributions have made a significant difference to our students and the university. Therefore, we have decided to extend the Day of Giving until May 30th. Please continue
Spectrum News 1 interviewed recent graduate Kasonia Smith about the value of Historically Black Colleges and Universities (HBCUs). As graduation ceremonies take place across the state this month, many students are facing financial difficulties when it comes to paying for college. The Education Data Initiative