While it’s true that there are a decent number of shady lenders out there, you will also find lots of legitimate ones that don’t require applicants to have good credit. The more you learn about these borrowing opportunities, the better of a position you’ll be in to get the money you need right away. If bad credit has prevented you from getting approved for loans in the past, you will absolutely need to get this information. The fact is that your credit doesn’t have to be a roadblock when you are trying to get a short term loan.
It is very possible for you to get a short term loan even if you have bad credit. A lot of lenders who give out these loans will still credit check but they may not have the same standards that other lenders do. This means that your chances of getting the loan you need are increased dramatically. No matter how bad your credit is, there is a good chance that you will get the money you need. Although approval is never guaranteed, it is much easier to get one of these loans than any other kind.
Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
Short term loans for bad credit typically have a payback period of just a couple of weeks, maybe less if it’s just a £100 loan or so, so you will be able to take care of the balance with the next pay check you receive. These loans will still require a credit or background check like long-term instalment loans. As long as you are able to repay the loan in full by the agreed upon date, you shouldn’t have any issues.
There are multiple reasons that you should at least look into short term loans for bad credit because of everything they have to offer.
Some of the primary benefits of these loans include:
It is surprisingly easy to get a short term loan even with bad credit. The very first step that you must take is to fill out an application online. This won’t take more than several minutes, you should find out soon after submitting your application as to whether or not it’s been approved.
Private lenders are the ones that you can go to for short term loans for bad credit. These lenders are not associated with any bank or established financial institution; they operate as their own business entity. There are lots of these lenders that you will have to choose from, which is why it’s so important that you take the time to find one you can trust. The last thing you want to do is to rush into this kind of decision, because you’ll likely regret it.
As a premier UK short term loan broker, Omacl has a reputation for helping people to get the money they need quickly and conveniently. We highly recommend that you take the time to look into the lending services we have to offer so you can get exactly what you need right away. Unlike a lot of the other private lenders that exist online, Omacl doesn’t reject people based solely on their credit. Even those who have less-than-perfect credit histories still have a good chance of getting their applications approved. The sooner you fill out an application with us, the sooner we can run a credit check and the sooner you can get your funds.