Get up to $1,500 into your bank account in 30* minutes!

How The Loan Process Works


Apply Online

Applying with Focus Financial is fast and easy, simply fill out our secure and easy application form.


Get Approved

Get approved for a loan in as little as 30* minutes during our regularly scheduled business hours.


  Instant Funding

Once approved, you can receive the funds via E-Mail transfer within 30 minutes*.

Why should you loan with Focus Financial? 

Trusted Lender

We have been supplying Canadians with short term loans for the past 10 years, come see why we are the preferred payday loan provider. 

Quality Customer Service

Got any questions? Please call or email us right away and our staff will guide you through the way.

High Approval Rate

Every application is based on a per person basis and all circumstances are taken in to consideration.            

Fast Turn Around

We strive to process your loans application within minutes and get the money you need right away.

No Faxing Required

Send us your documents the fastest way possible by using our online verification.

Easily Apply Online

In less than 5 minutes your application can be submitted to be processed for your same day loan.

Types of Loans for Bad Credit People

We all experience times when we are in need of something or need to pay for something but can’t. This happens with everyone because people have been unable to remain satisfied with whatever they have got. These wishes sometimes result in financial crunches that can be difficult to cope with. You might face problems that you never expected to get into. Things like bankruptcy, arrears, pending installments and payments become common issues with a few people. For people who suffer such situations, there is one solution that acts like a boon to them i.e. loans for bad credit people like them. The bad credit is associated with their inability to deal with financial situations. Their record becomes stained and they might face difficulties in securing a loan. But this is a thing of the past as they are numerous banks offering easy loans for bad credit people. These loans are broadly divided into two categories namely secured loans and unsecured loans. Both kinds have their own advantages which are explained in the text to follow.

 The two types of loans for bad credit people

Picture of family that got Loans for Bad Credit PeopleSecured loans are a type of loan that needs you to show collateral against the loan amount. Collateral is of different forms and you can use something as security that the lending bank/institution agrees to. Collateral could be your house, your car, some bank account or some important documents. The security remains with you till you are paying the installments on time. The bank would provide you extensions on certain occasions but you will need to abide by the time set by the bank.
Though secured loans demand something to be kept as security, they are more advantageous than their unsecured counterpart. The bank is assured of their money in the form of a security and hence the interest rates are much lower than they would be in the case of an unsecure loan. Also the loaning amount can vary from a small sum to a huge sum but the collateral you provide will have to be according to the sum you borrow. Many financial institutions set bars on minimum and maximum amounts so that they are not cheated by lending the secured loans for bad credit people. Another advantage that comes with the secured loans is the loan period which is much longer than those associated with unsecured loans. Hence, if you are in need of money and have had a bad credit history but have something to use as security then you can choose the option of a secured loan.
Unsecured loans are a good option to solve your financial problems even if you have a bad credit history. These loans are for people with all kinds of credit history and don’t even ask for collateral security. The loans can be easily secured and you can get the urgent cash needed to solve any kind of financial crisis. The fact that you do not have to keep any collateral with the lending authority makes this a very popular option.
Like the secured loans, unsecured loans also have a catch. Unsecured loans do not ask for collateral but the rate of interest will be higher than in other cases. Also the amount which can be borrowed is limited and many hesitate to provide even moderate amounts. The time period is not as wide as the ones related to secured loans. Hence you need to pay larger installments in terms of the total amount loaned. Even with all these disadvantages they solve the problems of loans for bad credit people and with no security required are great sources of instant money.

Loans for Bad Credit People Video