Frequently Asked Questions
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How is it possible to get accepted for loans?
The easiest way to get connected to a lender for bad credit users is to send your request to Same Day Loans. We can help you with trusted lenders who accept inquiries from many different credit types. We have experience with bad credit lenders that we can share with you. If they check your credit score or your past payment history, it’s possible they will prepare a loan offer that protects them from risk. Send us your request today and we’ll start the search.
What’s a bad credit score?
Basically, anything less than 620 is bad. If you don’t know what your score is, you can check with a FICO evaluation. This is a score that takes into consideration your past credit history including if you paid your bills on time or not. If you paid with checks that bounced, that will also reduce the number of points on your evaluation. In addition to your past payment history, FICO checks how deeply you’re in debt right now. If you owe a lot of money, your score will be reduced until you pay it back.
What are some ways I can improve my current bad credit score?
If you want to improve your credit score, it probably means you need to change some of your payment and spending habits. You can look at your past payment history and learn from it. If you were consistently late with paying bills, that is a bad habit you can change today. Make a note of when your bills are due and pay them before they are due – not after! Also, make a tally of how much money you actually owe right now. If you owe a lot of money, you will need to reduce that amount. Make a budget that allows you to pay off your debts to see your credit score improve.
Is there a person or group I can turn to with help fixing my bad credit score?
When you are ready to make changes to improve your credit score, you can search online for financial professionals or financial advisors/counselors. There are individuals who help people like you as well as organizations. Other places you might find someone to help are in your local newspaper or by asking friends and neighbors. Check out the person you decide to work with, so that you feel confident in sharing your personal financial details. You should be able to get some good advice that will improve your credit score.