If you are on the lookout for a fast cash loan but are not so sure of getting a deal owing to your poor credit, then it's high time you considered a bad credit payday loan. It is a loan granted against your next paycheck and it does not take your credit history into account. You may have CCJs, IVAs, arrears, defaults, unpaid credit card or store card bills or even bankruptcy- a bad credit payday loan will still fetch you the cash that you need without any hassle.
Bad credit payday loans, however, set some basic criteria that you must meet in order to avail them:
* You are 18 years old or above
* You are currently employed
* You are drawing a salary above £1000
* You have a valid bank account with check book facility
If your position satisfies these, then all you need to do is fill up a simple application form and you will have your bad credit payday loan in no time. The speedy approval can be really advantageous in cases of emergency like repair of your plumbing or your car, paying off utility bills or making some necessary purchase.
Bad credit payday loans are tailor-made for urgent small cash requirements and are available for an amount ranging between £100 and £1500. Being short term loans, their repayment period may last for 2-4 weeks from the date of loan issuance. They are charged high interest rate so you might say such a short repayment term is useful. But if you can't manage your repayment due to unexpected circumstances, you can request your lender to have your amount rolled over. This is generally done at the expense of an extra fee so it is better to avoid extensions and repay during the original term.
Bad credit payday loans are viable ways of funding when you are in serious need of extra cash. Their easy availability and swift approval really saves your day when help comes with difficulty because of your bad credit.
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