Can We Help You?
Our friendly and welcoming staff is waiting to be able to serve you. We have lenders available to meet loan needs today, so why not give them a try? Below you’ll find the answer to some of the most common questions about bad credit loans:
What’s it mean to have a bad credit score?
If you have a bad credit score, it’s usually because of a poor history of paying your bills on time. Carrying too much debt, or more than you can afford, can also affect your credit score. To find out a person’s score, the FICO system is used. It can check your past payment records along with how much money you owe today. At the end of the evaluation, you’ll get a score. If it’s under 620, it’s a bad credit score.
I have a bad credit score, but is it really that important?
If you have a bad credit score, it can make it harder or more expensive to get a new loan. That’s because a lender will see you as a high risk consumer. If you take into account that one major reason for a bad credit score is that you don’t pay bills on time, you can understand why a lender would need to be careful. We work with lenders that might agree to accept a bad credit consumer, but the terms might be different in order to cover any risk involved. When possible, it’s best to improve your credit score.
Even with a bad credit score, can you help me find a lender?
There are lenders who will accept bad credit types without a problem. Those are online lenders, who understand that consumers with bad credit need quick cash from time to time. The way to find out if you can be accepted and how much you can get is by sending your request for an online loan to us at Express Bad Credit Loans. We have a qualified staff waiting to forward your needs to a list of online lenders.
Can you help me fix my bad credit status?
Improving your bad credit status usually means taking important steps to change your spending habits and paying off your debts. Many people have bad credit simply because they don’t pay their bills on time. As you can imagine, a step in the right direction would be to start paying everything according to the due date. This can take some time to set a better track record, but you should see an improvement. Do you owe a lot of money? If you do, this can also be bad for your credit. If you’re over-extended, you could have a hard time taking out more loans or getting additional credit. Start paying that off and it will be easier.
Where can I go for help with a bad credit rating?
You have a few options of finding someone who can help you. You can ask friends and neighbors, look for ads or check online. Check them out carefully so that you know a little about them before you begin financial counseling. If they’re going to advise you on steps going forward, you need to make sure you trust them and can share your financial difficulties with them.