Bad Credit Loans in Ottawa

Finding yourself in a difficult financial situation can happen, even if you are very careful with your savings. Bad credit loans in Ottawa can help when you need money and have a bad credit score. We make it our mission to offer personal loans to Ottawa residents who are short on cash.

Some emergencies cannot wait, which is why we have made the online application process quick and simple. So, put your money troubles behind you and focus on better things with the help of our short-term bad credit loans.

What are bad credit loans in Ottawa?

Bad credit loans are short-term loans that you can apply for when you need financial assistance and your credit score is poor. If you have a low credit score, you may find yourself unable to obtain loans from traditional lenders when you need them the most.

Cash Depot won’t turn you away based on poor credit history when you apply for bad credit loans. You can also benefit from this type of loan if you have yet to build a credit history. Our personal loan amounts range from $300 to $3000, and we offer some of the best interest rates on the market.

What is a credit score?

Your credit score is what lenders use to determine if they should lend you money. Lending agencies determine that those with higher credit scores are less of a risk and are more likely to be able to repay the loan on time.

Scores range from 300 to 900, and anything above 725 is generally seen as favourable by lenders. To raise your credit score, always make sure to pay your bills on time and only apply for the loan amount that you need. You can also request a credit report to track your score.

What can I use bad credit loans in Ottawa for?

You can use bad credit loans in Ottawa for anything you want. Unlike traditional lenders, we will not ask what you plan on doing with the money. We make it our mission to help those who need funds quickly, no matter the situation.

So whether you are trying to pay off an existing balance, or need money for a personal project, Cash Depot can help you. Even with a bad credit score, you can apply for payday loans or bad credit loans online. Don’t let your low credit score prevent you from fulfilling your financial obligations.

    Why choose Cash Depot for bad credit loans in Ottawa?

    Cash Depot has been helping Canadians get out of messy financial situations for over 12 years. Our goal is to open the doors and help people like you who have poor credit and cannot get loans from traditional lenders. Our bad credit loans in Ottawa can provide flexible financial relief for those who urgently need funds.

    As alternative lenders, we empathize with individuals working hard to better their situation and build up their credit scores. We want you to get economic liberty, which is why you won’t find any hidden fees or upfront costs. We have simplified the online application procedure, so that you can get your money within 24 hours.

      Applying for bad credit loans in Ottawa

      Applying for bad credit loans in Ottawa is simple. We have made the process straightforward so that anyone who needs money can easily apply. Submitting an online application is convenient and allows us to process your request as soon as we receive it. 

      To apply for bad credit loans, you just need to follow the three-step loan application process.

      Apply online

      Fill out your information on the form found on our secure online platform. You will need to provide some personal information such as your name and contact info, information about your employer and loan amount request. If you meet the minimum requirements, your loan will be approved.

      Internal verification process

      When you’ve submitted your application, one of our brokers will check your file to make sure that you meet the required standards. If so, we will send you an agreement that you must look over, sign, and send back to us.

      Transfer of funds

      We will transfer the funds directly into your bank account when we receive a copy of the signed agreement.

      Always make sure to double-check your application before submitting it. Any false or inaccurate information can negatively affect your chances of being approved for bad credit loans.

        Am I eligible to apply for bad credit loans?

        When you choose to start an application for bad credit loans in Ottawa, you must meet certain criteria. Unlike traditional lenders, we do not consider your credit score when evaluating your application. Nor do we ask what the funds will be used for. However, you will still need to provide us with the following documents:

        • Two pieces of photo ID
        • Your social insurance number (SIN)
        • Proof of current address, such as a utility bill
        • Pre-authorized debit form or void cheque
        • Two most recent pay stubs
        • Three most recent bank statements as proof of active income

        When should I repay my bad credit loans in Ottawa?

        Bad credit loans in Ottawa are short-term personal loans and should not be used for long-term financial relief. We offer you flexible repayment plans depending on your financial situation. You can choose from weekly or monthly repayment plans based on what works best for your situation.

        What is most important is that you repay your loan based on the terms and agreements of the contract. Failing to repay the loans will have an additional negative impact on your credit score and make it even harder to obtain a loan the next time around.

        Contact Cash Depot for your bad credit loans in Ottawa

        If you have bad credit and have no one to turn to for financial assistance, then get in touch with the experts at Cash Depot to apply for bad credit loans in Ottawa. We don’t judge and don’t ask prying questions about why you need funds. We help you become more secure and work your way back to a solid credit score.

        For any questions, send us an email at, or call us at 1 844-882-7355. If you’re ready to apply for bad credit loans, then apply directly on our website and receive your money within 24 hours.