How to Get a Small Loan with a Bad Credit Score

Something's happened and you need money, fast. But how do you get a small loan with a bad credit score? Well it's not impossible, nor difficult. Here's how you can get the financial help you're after.
small loan with bad credit

To understand how to get a small loan with a bad credit score, we must first understand what a small loan is. Small loans are a type of loan most often used for emergency expenses. An emergency, in this instance, is referring to expenses that you need to pay off so you can get on with life. That can include medical bills, repair bills for your car and other urgent bills.

Small loans explained further

Small cash loans (also known as short term loans or cash loans) are most often valued between $300 and $5,00o. While people may not realise it’s actually possible to loan as little as $300, there are many important reasons out there that an individual might need small financial aids to this amount.

A small loan normally has a shorter loan term, ranging anywhere between 16 days and 6 months. They are most often unsecured. This means the borrower does not have to put forward an asset such as property to acquire the loan.

Can you apply for a small loan with a bad credit score?

Yes, you can. Bad Credit Loans specialises in small loans that can be adjusted to suit your needs and financial condition despite your credit score. Life isn’t black and white. We believe you should have the opportunity to have a loan and not be judged because of your bad credit. Offering great interest rates and repayment options, we help you gain better control of your money and give you the chance to move on with your life.

What is the process of applying for a small loan?

Thirty seconds is all it takes to get started on your application for a bad credit small loan with Bad Credit Loans. Fill in our enquiry form on the home page, tell us how much you need, what you need it for and whether or not you own your home. Our friendly team of financial experts will get back to you fast.

What does it mean to have bad credit?

According to Investopedia.com, a credit rating is a “quantified assessment of creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.” Your score ranges between 1-1200, and the high the number, the better the score. So essentially, if you have a score of around 620 or less, then your score is considered bad or below average.

You might be wondering: ‘What affects my credit score?’ Well, there are a number of things that count towards your credit score. This can include the length of your credit history, your address, the number of credit inquiries you’ve made, defaults and any court judgments placed against your name.

Don’t let bad credit hold you back. You are a person, not a credit file. Get in touch with Bad Credit Loans today and find out how you can get a small loan.

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