Even with the recently received negative publicity, payday loans can still provide a useful safety net against certain unexpected costs. A common misconception is that you can only get a payday loan if you have a good credit history. Well this is where we come in as a professional and ethical payday loan broker. Even if you have bad credit, we work with a number of lenders that you can still apply with and still borrow money from. Payday Loan Ranger even has lenders that specialise in only offering payday loans to those with bad credit!
Does having bad credit affect my chances with Payday Loan Ranger?
We always go the extra mile to help out our customers in whichever ways we can. This means that we may check your credit file when matching you with a lender. The purpose is to get an initial impression of what you can and can’t afford so we can better match you with the best payday loan lender for bad credit. Both Payday Loan Ranger and the lender we match you with will look at details of your affordability based on your income, expenditure and rough disposable income in any one month. You can apply specifically for a payday loan with bad credit and so your previous credit history won’t hold you getting a loan through us and the lenders we work with.
What About Any Previous Loan Payment Defaults?
We do look at the defaults you may have made on any loan payments you’ve missed in the past. This isn’t to hold you back though, it’s quite the opposite. If you’ve failed to make a loan repayment through a drop in income or something similar, but you’re making an effort to maintain paying them and taking steps to still repay the debt, then this can actually work in your favour. It shows our lenders that even in times of struggle, you still value the debt enough to try and repay it regardless.