How to Get a Loan If You’ve Got Bad Credit Score and Need Money Urgently

Maintaining a good credit score and working to constantly build it up can be extremely difficult, especially during periods of time when the economy is unstable. As the job market becomes more complex, more and more companies start firing and hiring people on a whim, which makes using credit almost inevitable.

Depending on how much you use your credit cards, or how often you miss monthly payments for the money that you borrow from banks, your credit score can go down considerably. Building it up again can take months, if not years, and sometimes you may just need a few hundred dollars in order to pay your mortgage or to get pharmaceuticals that a family member needs.

Most banks do offer payday advances, however, these come with a large number of taxes and charges that quickly add up and can lead to you paying much more than what you bargained for, on top of lowering your credit score.

Use an online platform and get a short-term loan in under 24 hours

If you can’t go to the bank in order to borrow the money that you need or simply do not want to spend countless hours going to meetings in order to explain that you need the money urgently, there is always the option of using online lending platforms.

These are basically websites that work more or less similar to banks, with the exception that they will process your loan request in a very short time.

Generally speaking, the smaller the amount of money that you borrow, the faster your request will be approved. This is because the evaluation process of these platforms is designed to assess risk. If you only need to borrow a few hundred dollars, for 30 days, the risk is minimal and you should receive the money in well under 24 hours.

You don’t have to pass a credit score check if you borrow less than $1000

The best part of using online money lending platforms is the fact that they do not perform credit score checks if you want to borrow a small amount of money. While they may require you to submit this information as part of your loan request, it will only be used for marketing purposes, in order to develop the services for future users.

Keep in mind that most platforms will not perform these checks only if you borrow a small amount of money, and for a short time. Typically, if you borrow over $1000, for more than a couple of months, you will either have to have a good credit score or provide the creditors with documents that show the fact that you will be able to pay back the money on time.

Lending money using online services won’t affect your credit score

If you are having a hard time managing your finances and need an easy way to borrow money regularly, you should be able to do so safely, without worrying that it will affect your credit score. Most online money ending platforms do not report these transactions to credit score registers. This means that no matter how often you borrow money using these services if you pay it back on time, your credit score will not be affected.

In some respects, they can be great alternatives to credit cards, as long as you do not need money on the spot.

Borrow up to $5000 dollars or more by submitting a few financial documents

If you need to borrow a larger amount of money, you may also be required to submit bank statements that prove that you have a large enough source of income in order to pay the money back, along with a copy of your work contract or a recommendation from your employer. This is meant to show that you have a stable job.

This having been said, keep in mind that in some cases, especially if you need to borrow large amounts of money for periods that are greater than 24 months, you will also have to pass a credit score check.


Not having who to ask for a loan, especially when you’ve got a bad credit score and little time to improve it can be difficult. However, online lending platforms do not perform credit checks, and they process loan requests a lot faster than banks.

All online lending platforms are heavily regulated by the US government, which means that all your personal and financial data will be safe. Furthermore, once you agree to the terms and conditions of a platform and take out a loan, the agreement will be followed to the letter.

If you need money fast and can’t go to the bank, you will be able to get a loan without even having to leave the house.

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