Bad Credit - What Is It?

Bad Credit - What Is It?


"Bad credit" phenomenon has become more popular recently and an increasing number of people face problems because of it. Everybody wants to have an excellent FICO assessment but sometimes it's impossible to avoid situations leading to it. So, let's understand what exactly bad credit is? 


A credit score is a representation of your prior financial activity and the payments you have made or missed. So, not surprisingly, if you haven't paid your medical bills, failed to make your loan repayments on time or didn't pay the taxes, all this will be reflected on your credit score. There are three main credit agencies that keep the information about your payments and report to the banks and other financial institutions when they check your credit history. 

So we differentiate the following types of scores:

  • Excellent credit score- from 720 to 850 
  • Good Credit Score -from 690 to 719
  • Fair Credit Score: from 630 to 689
  • Bad Credit Score: from 300 to 629

About 40% of the US population has a bad or poor credit score which makes their further financial steps more difficult. 


Credit-score talks are so widespread because it directly affects your future possibilities and opportunities. If you decide to get a new car, a new house or any other item with the help of a loan, most banks will reject you because you will be considered a 'risky' or somehow even a dangerous customer for their services. So, maintaining your FICO assessment high means having the dorrs of the banks open for you. 

But what about bad credit score holders? The modern online lending allows supporting all credits and on our website, we welcome everyone despite their position on the credit score chart. 


You can easily request payday loans online and your loan request form can still be considered for fast approval even if you are holding a bad credit portfolio. Why? This is so because there is no traditional credit check within our online loan obtaining process. These factors also contribute to a fact that these online loans have high approval rates and these online loans are highly appreciated by millennials.

The exclusion of traditional credit check also helps to shorten the processing times for providing feedback to the online loan requests. 


The requirements for obtaining bad credit payday loans online are too basic if compared with the ones existing within the traditional lending system. The very minimum eligibility requirement which shall be duly met by customers are as follows:

  • You must be at least 18 years old of age,
  • You must be a U.S. resident,
  • You must provide a proof of that you are employed and possess sufficient income,
  • You must provide an open and active checking account,
  • You must provide a valid email address.

Thus, if you are looking for some additional cash by taking into account your bad credit scores, you can observe the option of requesting payday loans online where the requirements are not as harsh as the ones used within the traditional lending system. You can turn to reliable online lender-connecting sources, such as and get connected with direct payday lenders online who can provide you with $100 up to $2500 payday loans online even if you bear bad credit scores. This will help you to restore your confidence as a borrower by enjoying the very easy online loan obtaining process.  

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