Short Term Loans For People
With Bad Credit

Short term loans for people with bad credit

Having bad credit can be embarrassing, but worse of all, you will find it difficult to get a loan because most mainstream lending companies like banks, do not accept loan applications from people with bad credit. Therefore, short-term loan for people with bad credit is only offered to people with bad credit by independent loan companies set up to provide loans only to people with bad credit.

Short-term loans are often for very small amounts of money. Most range from about $500 to $5,000. Although they are described as short-term loans, very often such loans can be paid over 36 months. This is what makes short term loans for people with bad credit different form payday loans, another form of bad credit loans. Payday loans are payable over a very short term, usually by the next payday, hence the name payday loans.

Many people in Canada find it difficult to apply for a loan because of poor credit history. The market for bad credit lending is getting bigger and bigger as more people find themselves in financial difficulty every year.

With the increasing number of people with bad credit history looking for short terms loans, coupled with the fact that the banks will not lend to people with bad credit or poor credit, many private financial institutions have been set up with the sole purpose of offering short term loans for people with bad credit.

One of such companies is Loan Away Inc. Loan Away Inc is a Canadian owned company that focuses on giving short-term loans to people with bad credit. They are flexible in their lending and can lend up to $5000, payable over 36 months.

Most short term bad credit loans are given at a higher interest rate than the banks. Because of this, although anyone can apply for a loan from the independent lenders, people with good credit history tends to go to the banks for a loan.

Now if you have bad credit, need money and you have been turned down for a loan by the banks, you do not need to worry, you can get a loan from Loan Away Inc. What you need to be concerned about is your ability to pay back the loan. If you can pay back the loan and you can prove that, then your chances of getting a loan form loan away in very high.

We have set flexible terms and we lend on the basis of what you can pay monthly. So, you can easily adjust the installments and repayment to an amount you can manage each month.

Short Term Loans for People with Bad Credit Can Come Very Handy

The need for additional money may arise in many situations. Often when you need an additional cash, you need it yesterday and very urgently. If you have a bad credit history and can’t get a loan from the bank, applying for a short-term loan for people with bad credit from private lenders may be the only solution you have.

As mentioned previously, Loan Away Inc are online based loan company in Canada and offer short term loan facility in many provinces. As an online lender you do not need to physically visit our office in order to apply for a loan. So, it doesn’t matter where you live or where you apply for the loan from, all applications are treated equally. The online application process makes it easier to approve the loans quickly. When you apply for the loan, we try to provide the loan within the shortest possible time. If you can supply all the documents we require at the time you applied for the loan, you can get your loan approved and get your money within 24 hours.

We offer a loan facility to every borrower, even to people with bad credit history. We have easy borrowing requirements for Canadian citizens. Our application form is very simple and straight forward and easy to complete. We ensure the security of confidential information about our clients. Unsecured Personal Loans for People with Bad Credit in Canada benefit our clients daily.

Another benefit for applying for a short-term loan online is that you’re the loan application remains confidential. No forms to take home and complete and mistakenly leave lying around for prying eyes to see.

We have the excellent track record for timely provision of short term loans for people with bad credit. We accept short term as well as long term loan applications. Irrespective of credit history.