subject: Bad Credit Same Day Loans-provide Financial Aid To Bad Creditors [print this page] If need not to worry if you are suffering from bad credit scores such as arrears, default payments, bankruptcy, county court judgments and so on. Bad credit same day loans are specially designed for the people having bad credit records or bad credit history. But, how would you know whether youre a good creditor or a bad creditor? The answer is that if you are a bad creditor, your credit score is below 600. The higher credit score means that you will be charged a lower rate of interest, which is beneficial for a good creditor.
The lenders understand the problems of bad creditors and provide you financial assistance. Bad credit same day loans are very much helpful if you need instant financial aid. To avail these loans more easily and sooner, you must go for online method of application. You can also choose a lender charging reasonable rate of interest over the internet. After the thorough search of a lender, you need to fill an online application form providing mandatory information about yourself and the online lenders will evaluate your credit score through simple tests. If the lender is satisfied with the information provided by you, the loan amount will be transferred to your bank account within 24 hours of the application of the form. As, these loans are made for the bad creditors, there is no credit check and no credit ratings.
There is a certain criterion to be eligible for these loans:
The applicant must be at least 18 years of age.
The applicant must be a regular employee.
The applicant needs to submit last three months income statements.
The applicant must have a personal checking account.
The loan amount is availed to you up to 1000. The rate of interest for bad creditors is a bit high, between 9-20%. The repayment term is 15 to 30 days. For the repayment procedure, the amount is automatically deducted from the borrowers account.
