Why Chose a Swift Money® Bad Credit Payday Loan
Have you tried a bank loan?
These avenues have their own problems. It's not always feasible or desirable to borrow from friends or relatives, and banks have such strict loan requirements, that getting a personal loan is very difficult.
The biggest stumbling block for most people who want to apply for a short term loan is their credit score. Either it's too low, meaning that if they are eligible for a loan at all, the interest rate is likely to be prohibitively high—or they don't have a credit history at all. A person's credit history is a reflection of the debts they've incurred and their track record when it comes to paying them off. If a person's credit score is low, banks are wary of providing loans, due to the risk that they might default on the loan. And if someone doesn't have much of a credit history at all, because they don't have a credit card, for example, banks are equally wary, because there are no indications that they're able to manage debts responsibly.
In both situations, your credit score affects your ability to get a personal loan, and it also affects how much interest you pay on a loan if you do get one.
What Are Bad Credit Payday Loans?
Here is how Swift Money compare to other payday lenders:
|Cash Lady||1272% APR|
How do Bad Credit Payday Loans Work?
Note that although we call them payday loans, and most people use these loans to keep them going until payday, you're not under any obligation to use your loan for this particular reason, it's your loan and there are almost no restrictions on what you do with the money. However, the amount you can borrow is partially dependent on how much you earn, so you do need to provide proof of income when applying for payday loans for bad credit.
And, of course, you don't need to have bad credit to qualify for a Swift Money® payday loan. Our payday loans are for everyone, no matter what their credit score might be. But often, it's a poor credit score or a lack of credit history that prevents people from getting a personal bank loan when they need one, and if you find yourself in this situation, we might be able to provide a solution to your financial problems.
Do You Need Money Right Away?
Swift Money Ltd are authorized and regulated by the Financial Conduct Authority (FCA)
Authorization can be checked on the FCA register at: https://register.fca.org.uk/
FCA Firm reference Number: 738569
Free Financial Advice
If you are struggling with your finances and wouold like to speak to someone, you can contact any of the companies below, completely free of any charges:
SwiftMoney.com is a registered trading Name of Swift Money Limited which operate a credit brokering service. Swift Money Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 738569. Swift Money Limited is registered in the United Kingdom. Principal place of business: 1-3, The Courtyard, Calvin Street, Bolton, Lancashire, BL1 8PB
Swift Money are not a direct lender. If you complete an application through our website, it will be shown to our lending and broker partners for their consideration.
We do not charge any fees for the use of our service, but we do receive a commission from our lending and broker partners following successful introductions from our website. Any information we provide is for the purposes of illustrating the lending process only and should not be read as financial advice.