If you’ve ever thought your borrowing options are exhausted because of a damaged credit score, think again. Even if your scores are short, finances are available that are quick and easy to apply for, and there are no quarrels about your poor credit history.
This guide will cover everything you need to know about a fast cash loan with a damaged credit score.
Can I Get a Loan With a Damaged Credit Score?
Bad credit scores can prevent access to traditional loans, leading those needing to borrow emergency cash to worry about how they can cover those unexpected expenses. That leaves the question, can you get a loan with a damaged credit score?
Even if you have a poor credit score, fast cash loans can be a solution to help with finances when other options are exhausted. So what exactly is a fast cash loan, and why can you get one when your credit score usually denies you otherwise?
What’s a Fast Cash Loan?
Fast cash loans, also known as instant loans, are financial products that lend smaller amounts of money to borrowers quickly, usually approved within 24 hours of application without a credit check. The loans are designed to allow those with poor credit to cover emergency or unexpected expenses, with the borrowed amount paid back with interest within the month.
Fast cash loans often have higher interest rates because of the lack of credit checks. Still, they offer those with damaged credit scores an avenue to secure necessary funds. Today, many providers will even provide more competitive rates as the market for instant loans expands.
But you may still wonder why providers allow loans with bad credit scores.
Why Can I Get a Fast Cash Loan with a Damaged Credit Score?
Lenders understand that many people need resources to help with finances when credit scores have been damaged. Sometimes, poor credit scores are the victim of circumstance and shouldn’t determine whether someone can borrow funds.
That’s why providers offer fast cash loans with small amounts that will be repaid quickly with higher-than-usual interest rates.
These conditions void the need for a hard credit check, and as long as the money is paid back in the terms set, you’ll always have access to fast cash loans with a bad credit score.
So, what do you need to know if you’re considering applying for a fast cash loan with a damaged credit score?
What Do I Need to Know About a Fast Cash Loan with a Damaged Credit Score?
Here are the essential tidbits you need to know about a fast cash loan with a damaged credit score.
- Most providers will approve your loan 24 hours after the application
- You can apply for a fast cash loan with a damaged credit score online
- You’ll need to be a US resident over the age of 18 with proof of income
- Quick cash loans will have significantly higher interest rates and shorter payment terms
- You can get a fast cash loan, usually between $100 – $5000
- There is no hard credit check in the approval process
So now you’re knowledgeable about fast cash loans, where can you apply for one quickly?
Where Can I Get a Fast Cash Loan with a Damaged Credit Score?
Minute Loan Center is a premier lender where you can get a fast cash loan with a damaged credit score. You can instantly check how much money you can borrow and get a next-day response on any loan application. 97% of loans are approved within the day, helping you get the funds you need directly into your bank account. We will review your credit, but we do not conduct a hard credit pull. Enquire today about borrowing to cover your unexpected expenses.