Of course, no lender can truly offer payday loans for bad credit with guaranteed approval in Canada – they must all reserve the right to reject applicants they deem too risky. But, because of the lack of collateral requirements, alternative means used to assess borrower risk, and other factors discussed above, many lenders provide such high approval odds that it is virtually a guarantee. As many as 9 in 10 applicants receive approval at leading poor credit loan lenders today – even with poor credit scores or no credit history.
Bad credit payday loans in Canada are a useful and valuable tool for people who are most in need of fast cash. Those who have been rejected for bank loans, have credit scores too low to qualify for conventional loans, and who have limited means of accessing credit, can get the advantages of loans for bad credit.
Fast Payday Loans in Canada
When you apply for fast payday loans in Canada with us, the process is simple, quick, and efficient. All you need is a handful of information, and you can get on your way with your application within minutes.
Once you have gathered the information you need to apply, here’s what you do to get a payday loan fast in Canada:
24/7 Loans in Canada
Payday Loans that are offered online instead of in person. So what are the benefits of online loans? Well, aside from the obvious, here are a few reasons why online is awesome.
We have one of the fastest approval times. We are able to approve your loan in a matter of minutes. You will learn how much you can borrow and when you have to pay back your payday loan. You can even electronically sign and return your loan agreement.
With us, there is no need to explain why you need the payday loan. And, no explanations mean no judgement! We understand that unforeseen situations happen to everyone from time to time. We are here to help.
Financial institutions are hesitant to lend to people that do not have perfect credit. We understand that a client’s previous bad credit should not haunt him or her for life! Our application process takes into account the whole financial picture and we are able to put together a global vision of your individual situation.
Payday Loans in Canada FAQs
No reputable lender will guarantee approval for a loan in Canada. All lenders have to reserve the right to reject applicants that they feel are too high a risk – who will likely be unable to repay their loan in full or on time.
However, top online lenders have high approval odds for their loans, that approval is virtually guaranteed. More than 9 in 10 customers seeking a loan in Canada with us are approved – even if they have bad credit, limited or no credit history, or have been rejected by other lenders previously.
Are faxless payday loans in Canada safe?
Yes. Today, faxes are a bit old-fashioned, and even mailing or scanning documents adds complexity and time to the lending process that is not needed. Whether they are called faxless payday loans in Canada, paperless payday loans in Canada, or online loans, leading lenders don’t require any documents to be scanned, faxed, or mailed to be approved for a loan.
Removing this part of the lending process has improved the safety of loans. No longer do customers need to risk having their personal or financial information stolen or misplaced from rogue fax or mail delivered to the wrong address. Instead, everything they provide to an online private lender takes place securely through an encrypted online interface.