Short term loans for bad credit
What is a Credit Report?
Your credit report is used to assess the risk of you not paying your bills or making late payments. There are two main credit bureaus in Canada: Equifax and TransUnion. They collect people’s credit information.
The score is a credit score between 300 and 900. The closer that number gets to 900, the better your credit report is. The closer it gets to 300, the worse your credit report is.
When you use a credit card, you have 21 days to pay your expenses. If you pay the bills from your bank account on time, your credit rating will increase. On the other hand, if you do not pay or if you make late payments, it will decrease.
What Are the Consequences of a Bad Credit Report?
With a bad credit history, you will be considered at risk and many financial institutions may refuse your loan application.
It often happens that employers, owners or dealers do a credit check before making a decision. So a bad credit rating can not only prevent you from borrowing money, but also adversely affect your chances of finding a job, housing, or a vehicle.
What is a short term loan for bad credit?
It’s possible to get a no credit check loan in exchange for a high-interest rate. You must fulfill your private lender’s conditions. This type of loan should be used to settle urgent financial situations. This is not a long term solution.
Short term loans for bad credit also have the advantage of being easy and quick. All you have to do is complete an online application. If you meet the conditions, it will be approved quickly.
Take advantage of our short term loans for bad credit.
Have your past mistakes or life events given you bad credit and no one wants to lend you money? Don’t be afraid. Cash Dépôt offers short term loans for bad credit for amounts between $300 and $3,000. If you meet our conditions, your request will be approved in less than 24 hours.
About Cash Dépôt
For over 12 years, our company has been providing short term loans for bad credit to people in difficult financial situations who are in dire need of money. Our mission is to help people consolidate their debt and rebuild their credit.
We understand the disappointment you must have when all financial institutions refuse to lend you money. That is why we can offer you fast cash without any stress.