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See Representative Example for a 3-month term. Representative Total Amount of Credit: £400. Duration of the Agreement: 90 days Total Amount Repayable: £561.92 to be repaid in 3 equal instalments of £187.31 on your next 3 payday. Interest charged is £161.92, interest rate is 161.9% per year (variable). Representative APR 305.9%. We are authorised and regulated by the FCA – Financial Conduct Authority. POUNDA IS A LICENSED CREDIT BROKER NOT A LENDER. Warning: Late repayment can cause you serious money problems. For help, go to

Home » Small Loans for Bad Credit: When and Where to Get Them

Small Loans for Bad Credit: When and Where to Get Them

Loans have always played an important role in the financial survival of man and his businesses. With its history dating as far back as man can remember, loans have always been an integral part of everyone’s economic survival. But because loans have become so important to man and the industry, the demands for loans and loan services have incessantly increased — and the number of delinquent accounts, along with it. The continuous escalation of demands for loan services and the growing number of borrowers who default on their loans has eventually prompted traditional lending institutions, including banks as well as other similar firms, to take necessary actions. In an attempt to lessen the number of borrowers who default on their accounts, as well as to easily segregate borrowers who will likely be able to pay off their loans without any problem from those who are unlikely capable of being able to pay them off at all — traditional lending firms have decided to come up with a strategic credit scoring system. With this scoring system in place, borrowers whose earnings do not meet what the standard lending firms have set as a minimum requirement were automatically given poor credit scores, while those who often defaulted on their payments — regardless of their reason — automatically found their records reflect bad payment histories. But while this credit scoring system proved to be effective for the lending institutions, for borrowers with poor credit scores and bad payment histories, its effects proved to be extremely harmful. Because borrowers with bad credit were no longer allowed to procure any more loans from any of the standard lending firms and institutions, borrowers who found themselves in difficult and urgent financial situations were left with very few, often uncomfortable and unpleasant choices. In these situations, borrowers with bad credit were often left to choose between taking loans from underground lenders or borrowing from family and friends. And since the latter isn’t always an option, many borrowers resort to borrowing money from underground lenders. While this option does provide borrowers the temporary financial relief they need, the excessively high interest rates inherent to underground loans often leave them in even worse financial situations. But as more and more borrowers are with poor credit find themselves in the same predicament, an entire new market for borrowers with bad credit was eventually created. And as demands for more secure and more affordable loan services continuously increased in this newly created market, lending firms have eventually taken notice.

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Getting Small Loans for Bad Credit

With the evolution of the lending industry and the latest advancements in technology, innovative new loan services were soon introduced in the lending market. Among the most popular and most useful of these new loan services are small loans for bad credit. Through innovative loan solutions such as small loans for bad credit, borrowers finally have access to more secure, affordable, and flexible alternatives. Unlike applications for most conventional loans that are being offered by many standard lending institutions and firms, applications for small loans entail far less complicated and much faster transactions. While application procedures for conventional loans often entail waiting in long lines for long hours just to submit applications —  and even longer waiting when it comes to approvals and release of loan funds, with the latest innovations in security and technology, applications for small loans are far more convenient, much simpler, and so much faster. Because borrowers need only submit basic documents and are no longer required to submit impossible requirements, application procedures for small loans for bad credit are now far easier to complete.

How to Get Small Loans and Instant Loans for Bad Credit

Because application procedures for small loans and instant loans are now much faster and safer with the help of technology, borrowers no longer have to compromise with their security. And since applications for small loans can be completed entirely over the internet, borrowers now have the convenience of being able to submit their applications even right straight out of the comfort of their own homes. Through small loans and instant loans, borrowers can now easily fill up their application forms and upload their requirements over the internet. And since applications are processed entirely online, borrowers can now expect for the approval of their applications in as little as mere minutes. The release of funds for approved loans, on the other hand, can now be as fast as just a few hours after the applications were submitted. Because the processing and approval of small loans and instant loans are facilitated as soon as the applications are submitted, these loan services make good solutions in times of urgent financial situations — such as those that involve payments of hospital bills, urgent house repairs, car repairs, and other unexpected expenses. But because small loans are typically in small amounts that borrowers can pay over short term payment arrangements, they do not make good loan options in complicated financial situations. For financial conditions that require loans in higher amounts, borrowers are best off taking secured loans that can be paid over in much longer payment terms.

Getting Small Loans from Direct Lenders

A common misbelief among borrowers is that because borrowing from direct lenders do not entail having to pay for the fees of loan brokers, they yield much more savings for the borrowers. What many are unaware of, it appears, is that because loan brokers have wide-ranging connections to numerous different lenders across numerous different areas, they inevitably have comprehensive access to the many different deals and promotions that are being offered by lenders across their many different loan services. Consequently, borrowers who secure loans through loan brokers’ assistance have more access to more savings and benefits in the long term. And since loan brokers’ services often include expert financial advise to their clients, borrowers who secure loans through their assistance are ensured the best loan solutions according to their own unique financial situations.

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