Having bad credit is a hindrance when you want to be financed for some of the finer things in life such as homes, cars, jewelry, credit cards, etc. When life throws you an emergency without a moments notice, and it’s more than difficult to get financial assistance to get you through the hard time. Financial organizations will not approve loans to people with a bad credit history. Now Lending Companies have come up with a solution to this problem. There is such a thing called a “Bad Credit Emergency Loan”. This type of loan is specifically for people with bad credit who need a fast cash loan for emergency expenses.
These loans were created for people going through a temporarily rough time and not for people who may need long term assistance. For example if you need some cash to hold you over until you get paid again, this may be beneficial for you. You may have a family emergency that needs to be handled you may benefit from this due to the fact that the loans can be paid back in a 4 week or a 2 week time frame. You may qualify for a loan up to $1500. The minimum amount of a loan is $100.
This type of loan can be obtained over the internet and usually does not require any credit checks, faxing of documents, or a co-signer. The lender also tries to make the repayment convenient for you because they set the schedule to fall on your payday.
The application process requires that you have full time employment with an income of at least $1000 per month. You must be 18 years or older and have an open and active checking or savings account. Some lenders require that your employment check be direct deposited.
Once you have met all requirements the financial organization usually deposits or disperses the cash assistance within 24 hours. They don’t waste time at all getting you the help you need. Because of the short term wait time, the interest is higher than any other type of loan which makes it a little expensive. However, the on-time repayment of the loan assures you that your credit rating will improve.
If this sounds like something that interests you, I suggest researching various lenders to compare rates and terms. This can be done in person as well as online. This way you will get the best deal possible.