Are you in need of urgent cash? Is very bad credit record hindering approval of your loan
? Here is a solution for all these problems for Very Bad Credit Loans are now available to overcome all your financial troubles.
Your need for cash may vary from your childrens ailment to your electricity bills or to your car service. Your loan approval does not depend on the kind of requirement or your credit score. Rather if you fulfill all the basic prerequisites for getting your loan passed, you will be able to get your loan passed easily.
Very bad credit loans are also known by the name of payday loans or cash advances. These loans can be acquired easily even if you are declared bankrupt, just by filling up an online form application and meeting the minimum eligibility criteria, if you are opting for online lenders available. Sometimes your credit record is not even taken into account for the purpose of granting of loan.
Some of the general requirements would include the following:
-Must be over 18 years of age
-Must have a fixed source of income
-Must show residency proof
-Must possess a valid bank account
The only negative aspect of these loans is that the rate of interest is slightly higher. If you find it difficult to pay off your loan, you have the option to extend your repayment duration but by paying higher interest rate for that.