It follows people wherever they go, often presenting a false impression that the person in question is financially irresponsible.
(PRWEB) January 20, 2012
BadCredit.com announces the launch of its newly redesigned consumer-lending site, featuring an improved loan-application portal and simplified site navigation. Using the updated site, prospective borrowers can access short-term loans to avoid falling behind on credit cards, car loans or any other time-sensitive expense. The entire loan application and approval process can now be completed online, with loan funds deposited directly to the borrower’s checking account within 24 hours.
“A low credit score has become today’s ‘scarlet letter,’” explained company spokesperson Jennifer May. “It follows people wherever they go, often presenting a false impression that the person in question is financially irresponsible. But in reality, anyone can fall on hard times. Our site is dedicated to giving working people equal access to loans that can turn a bleak situation around.”
The updated online application form at BadCredit.com requires only basic information for a borrower to be approved for a payday loan:
- Be at least 18 years old.
- Have a bank account in your name.
- Possess U.S. citizenship or permanent residency.
- Be employed for at least 90 days consecutively.
- Provide home and work telephone numbers, and an email address.
- Earn a minimum of $1,000/mo. after taxes.
In keeping with the site’s stated purpose of providing equal access to short-term loans regardless of a borrower’s financial history, BadCredit.com does not require a credit check to approve a borrower’s application.
The updated site works quickly to process a borrower’s application, normally granting approval in five minutes or less. Once the application is approved, the company’s proprietary software connects borrowers with a network of payday lenders who offer competing loan terms and fees. By aggregating loan offers into one online location, BadCredit.com hopes to empower the consumer and make getting a payday loan nearly as effortless as an ATM transaction.
“There’s no reason people with less-than-perfect credit shouldn’t be allowed to borrow money when they need it,” May continued. “If you’re holding down a job in this economy, that says a lot more than an arbitrary credit rating.”