You should not believe the suggestion that when you have no credit, it’s no problem, because there is a problem if you have reached a point in your life when it is hard to get even a small loan to lift you out of financial difficulty. But this does not mean you have to give up on the idea completely.
Unfortunately, many traditional banks and other lenders choose to limit their loan business to those who have what is commonly known as good credit. One banker has even stated that he only loans money to people who have money.
Take Your Time
If your credit standing is less than sparkling, you may be considered a higher risk by many traditional lenders. But you do not have to resort to paying exorbitant rates to small companies that will give you a payday loan or other type of quick loan that may make your situation worse rather than better. The key is not to rush into something that is little more than a predatory loan designed to make someone else a lot of money.
If some of these items apply to you, stop, take a deep breath and find reliable help with your financial situation.
- You already pay very high interest rates, higher than those currently advertised
- You only make minimum payments
- You seem to be overdrawn on your checking account quite a bit
- You can’t get a lease or other contract because of financial issues
There are some trustworthy firms who can help with a personal or business loan, and do it quickly. Some of these leading providers of specialty loans, such as Discovery Credit, will determine pre-approval based on the initial information you provide on their website.
These companies work with people who have low income or get their income from welfare or pensions. They also work with people who have sub-standard credit ratings, in addition to those who are starting a business or own a small business. These finance professionals can help many people who are struggling with money issues or who have difficulties because of the credit system.
A few of these top firms separate themselves from others in the industry by providing good customer service, doing it with a passion, and focusing on getting positive results. Some lenders are also part of a larger finance group, which has allowed them to work with hundreds and even thousands of people in Australia. Small businesses that need working capital and need it quickly, will often turn to this source because the service is both fast and reliable.
As mentioned, you can apply online by simply filling out a basic form. With proper identification and bank statements from the two most recent months the company can determine if you qualify. Some businesses have been able to borrow thousands of much-needed dollars. If the online process states that you qualify, all you need to do is send along the required documents for verification. Check with a leading lender today and go where you need to go.