A personal payday loan is a good option to meet immediate cash requirement. If a borrower is short of cash before his pay day, with this loan, he can arrange finance for his personal purposes. But what about those borrowers, who have a bad credit score? Can they also get the benefit of payday loans? Yes, availing a personal payday loan is also possible for such kinds of borrowers. With bad credit personal payday loans, a bad credit scorer also can meet his immediate cash needs.
Bad credit personal payday loan is made for all types borrowers, having a bad credit score. Whether you have CCJ, IVA, arrears, default, bankruptcy or late payment, you easily can avail money with this loan.
But, before applying for a bad credit personal payday loan, you have to fulfill the following criteria:
• A fulltime employment along with a regular and recurring income
• Your minimum income should be at least £1200
• You must have an active checking account
• And your age will be at least 18 years.
A bad credit personal payday loan allows borrowers to borrow the amount, ranging form £100-£1000. But keep in your mind that based on your monthly income, the borrowed amount will be decided. However, bad credit personal payday loan is given for 14-18 years and this period can be extended up to one month. Generally, borrowers have to pay £ 15- £30 on per £100 borrowed. This loan is approved very fast and within 24 hours you will get the amount.
The advantage of a bad credit personal payday loan is unavoidable. This loan can be used for various purposes. With this loan, a borrower, having a bad credit score can meet medical emergency. Many a time, borrowers avail this loan to handle some unexpected bills or credit card bills. Even more, bad credit personal payday loan is also taken to buy something in auction.
Tim Kelly is an expert in finance having completed her LLM in Finance from Institute for Law and Finance at Frankfurt University. To find Bad credit personal payday loan, Bad credit payday loan, Bad credit payday cash loan, Online bad credit payday loan visit http://www.bad-credit-payday-loan.net