Are you suffering from a poor credit history and want financial assistance? If yes, then you have come to the right place. Getting a legitimate emergency loan if you have a poor credit history can be a tricky phenomenon if you are new to this area.
In reality, no one wants to have a poor credit history. However, if you do land up with a poor credit history because of reasons out of your control, you can even get your way out by opting for an emergency loan, paying on time, and making amends with your credit history.
What is an Emergency Loan?
Emergency loans are also named urgent loans which are the loans that have been designed to cover your expenses, which can be emergent in nature. No one can foresee and plan every expense, and if there are expenses that are out of what you planned, emergency loans can help you in paying them off.
There is a reason why you should opt for emergency loans as compared to other loaning alternatives. The answer to this is that you can always manage to get a reasonable loan offer from genuine lenders from a platform like iPaydayLoans. Hence, you can still be broke, but manage to sustain your finances through an emergency loan.
iPaydayLoans- Best Credit Broker for Emergency Loans
If you want an emergency loan, iPaydayLoans is one of the best alternatives for the same. There are many reasons that could corroborate the claim. The first and foremost reason is that iPaydayLoans is an extremely genuine and compliant credit broking site in the US.
Who can Apply for an Emergency Loan?
Anyone can apply for an emergency loan on iPaydayLoans if he/she fulfills the criteria stated in iPaydayLoans. These are minimum and basic requirements that you need to fulfill to be able to get the emergency loan, and they are all of following:
- You should be 18 years or older
- You should be a citizen of United States of America
- You should have a valid bank account (as a part and parcel of the process, you would also need to provide your bank details, and proof of income)
- You should be having a Valid ID to substantiate your identity
All these requirements need to be ticked off. These are also the ways of a soft credit check to give a sense of safety and security to the lender. As emergency loans for people with poor credit history is kind of an unsecured loan for the lender, they like to ensure the paying capacity of the individual.
Why should you apply for an Emergency Loan?
Application for an emergency loan could be for many reasons. The top most reasons why you must opt for an emergency loan from iPaydayLoans are as follows:
Flexible Loaning Amounts
iPaydayLoans is extremely flexible with loan amounts. The sum you desire can vary between $100-$5000. Once you have selected the stipulated loan amount for yourself, you can then press on ‘Get Started’ fill in your application and receive the funds.
Application will be online
The loan application will begin online. You will need to fill in a number of details about your personal and financial information. You will also need to attach documentary proof of the details you so provide.
If you can keep the scans of the documents with you (of identity and bank details), it will be very time efficient for you. Your application will be filled in and submitted quickly.
User-friendly interface
The interface of iPaydayLoans is very user-friendly. You just need to head to the drop down of ‘Loan Types’ and then select ‘Bad Credit loans’, ‘Emergency Loans’, ‘Payday Loans’ etc. whichever loan you desire.
Receiving Emergency Loan Immediately
When you select the lender and their terms, you will need to receive the loan in your bank account. If all the processes flow smoothly, it can even take a day in getting the entire processes done and dusted for the loan. It is one of the easiest modes of meeting your emergency needs online.
Step by Step Process to get an Emergency Loan
It is very easy to get an emergency loan on iPaydayLoans. It’s simpler than even opening a profile on a social media platform. The site has been interfaced in a manner that it focuses only on the information that is needed as per law. Nothing more, nothing less.
The process can be broken down into three main steps, as follows:
Step 1: Application for Emergency Loan
The application for an emergency loan will be done online. The entire process will be very timely, there is no requirement of just hovering around the website and looking for answers you desire. Just select the amount and get started.
Step 2: Approval of Emergency Loan
When the application has been submitted, the next step is to await approval of the loan. iPaydayLoans has a team of experts who evaluate every application. This is done in order to give an assurance to the lenders that despite the poor credit history, you can repay the loan.
So, this is in fact a soft credit check that is run by iPaydayLoans. The details submitted by you will be verified and it will be seen whether you have a consistent source of income.
Step 3: Receiving the Emergency Loan
Once your application has been submitted and approved, the final process is to receive offers from the lenders. The willing lenders will roll out offers for you. You need to go through the offers that have been rolled out to you. Then, select the one that is best suited based on repayment period, etc. Once selected, you will receive the loan.
Summing up
Even if you go out comparing the services, features and efficiency of getting emergency loans on multiple platforms, you will notice that the best is when you receive the same on iPaydayLoans. The platform is so user friendly that you would never feel that it is the first time you are using any such platform.
Further, the options available on the internet can be really confusing. It is important to know that you can save a lot of time, money and even finances (with genuine lenders and reasonable rates of interest) on iPaydayLoans. So, stop waiting and try now!