Cash Loans for Bad Credit

FAQs

1. 1. Why do I have a bad credit score?

   Common reasons for why you may have a bad credit score include:

   • Missing a credit payment or paying less than required

   • Defaulting on a previous loan

   • Filing for bankruptcy

2. 2. Are cash loans for bad credit suitable for me?

   You need to make sure the bad credit cash loans are right for you before you apply for it. Consider the following factors for your suitability:

   • Eligibility – Do I meet the qualifying requirements?

   • Loan terms and rates – Can I repay the loan on time?

   • Alternatives – Is a bad credit loan the best option for me?

3. 3. Will your lenders perform credit checks on me?

   Most of our partner lenders will review your credit history, but many of them won't perform a hard credit check. Nor will they reject your request just because you have a bad credit score. When making a decision, our lenders will look at other factors like your employment and income status.

4. 4. Can I get bad credit loans with fast approval on WeLoans?

   Yes, most of the bad credit cash loan lenders are happy to help you get quick cash when you need it most. Our lenders will generally grant approval within 24 hours of your application (if they think you're eligible).

5. 5. What are the usual interest rates of your bad credit loans?

   The rates vary depending on which of our lenders you choose to borrow from. They will carefully select interest rates to provide not only bad credit loans but also tailored small loans to your circumstances so you can easily steady your finances.

6. 6. How can I fix my bad credit score?

   A bad credit score can't be fixed overnight. But there are few things you can do to improve your score over time. They include:

   • Carefully manage your budget.

   • Pay your bills on time.

   • Check for errors in your credit report and fix any mistakes.