We are the leading provider of Really Bad Credit Loans since 2008.

The Point of No Return with Really Bad Credit Loans

Do you think really bad credit loans exist? Is your credit score in the slum? If you think you are alone, be assured that the vast majority of Canadians have bad credit. This does not only affect lower and middle class family but upper class families are feeling the effect of the credit crunch. Many are not able to borrow from family. What really happens to those individuals classified with bad credit, when an emergency arises? Many have experienced having to pay for that really expensive unexpected prescription or busted water pipe in the winter season. What happens when you don’t have the funds to cover those unforeseen expenses? That is when really bad credit loans come into play. Many people believe that bad credit stands in their way. You would like to think that if you could walk into a bank branch, you could walk out with money with no questions asked. Understandably, it is simply really not that simple. To be approved for a personal loan, you credit score has to be between the range of 680 or higher for some banks. Your credit thrives on your FICO credit score. Everyone should know their credit score so they will know where they stand in this world of credit.

Really Bad Credit Loans to the Rescue

There are bad credit loans called payday advances available. These types of loans provide a wedge for you in-between paycheques. Payday advances will not have same terms as traditional personal loans. When you have really bad credit, these loans are normally used for means for short term. They often have really minimal requirements that are easy to be met opposed to typical personal loans. Even with bad credit, you too can be approved. Traditional loans require that you held the same job for a certain amount of years. If you have been employed for at least 2 months, your likelihood of getting approved for really bad credit loans is high. Other requirements for these types of loans are:

• Have a valid bank account
• Have a valid telephone number
• At least 19 years of age

A part of the application process normally includes providing references. Be sure to have valid references in addition to family members. Has with all loans, valid identification is required. The processing for these types of loans are really fast and headache free. This is the biggest advantage of payday loans. Traditional loans could possibly take up to 30 days depending on the circumstances in opposed to really bad credit loans. Who has time when an emergency arrives? If you had up to 30 days, you probably won’t need a loan. Many payday loan applicants are approved within minutes and have the much-needed money in their bank accounts within 24 hours. The process is quick and painless. If you have access to a computer with Internet, your application can be completed online from the comfort and privacy of your home. There is no waiting in lines or the embarrassment of being declined. Read your loan terms completely. Be aware of any fees that will be associated with really bad credit loans. Payday loan terms are normally anywhere from one (1) week to two (2) months. Again, payday loans are to be used for short-term emergencies. If you can pay the loan in full BEFORE your payday, you could avoid certain fees. Your loan amount is based on your salary. Remember only borrow what you need. Ensure that you keep all copies of your loan documents.