Can I get a Payday Loan with Bad Credit score?
Bad Credit Payday Loan is the type of credit given to borrowers with a FICO score below 640.
“A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit bureaus”.
It can influence the amount, the terms, interest rates and actually your eligibility for the credit.
If you have a bad credit, you can still apply for a Payday Loan. It’s up to the lender to decide, but they often approve such candidates. They typically have higher interest rates and shorter terms than loans offered to people with good credit.