Posted on Dec 4, 2018

Achieve Finance

What is a Bad Credit Payday Loans?

The term “bad credit” describes a person’s credit history when such indicates that the borrower has a high credit risk. A low credit score signifies bad credit, while a high credit score is indicator of a strong one. A creditor lending to a person with bad credit is generally at greater risk of not obtaining repayment in comparison to lending to someone who has a strong credit score.

More specifically, one’s credit history is in fact dependent on several different factors including the amount of money owed, the amount of available credit as well as whether or not such payments are performed on time. Bad credit can be caused by late payments or having defaulted a payday loan over a certain period of time. In most cases, an individual with poor credit has a harder, or more expensive, experience when it comes to obtaining a payday loan from a lender.
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