Getting Low Credit Loans With A Low Income: Where To Start
November 18, 2021 | Louis Tully
If you head to a standard bank, chances are they aren't going to issue low credit loans. You need to have a brilliant credit history to get a conventional loan. Thankfully, there are alternative options out there, such as payday loans offered by Fast Payday Loans of Kentucky, LLC.
What Are Payday Loans?
A payday loan is a short-term form of borrowing. The idea is that you borrow small sums of cash that you will pay off when your next payday rolls around. Fast Payday Loans of Kentucky, LLC. is a provider of payday loans in Kentucky, and we can lend between $100 and $500 for qualified candidates.
What Are Payday Loans For?
While we do not have any control over what you use your payday loan for, people typically borrow cash like this simply because they have emergency expenses that need to be covered right away i.e. it cannot possibly wait until the next paycheck.
Typical expenses that can be covered with a payday loan include:
- Vet bills
- Medical expenses, particularly pharmaceutical products
- Repairs to the home, such as electrical and plumbing issues i.e. the things that absolutely cannot wait
- Dealing with unexpected bills
How To Get Low Credit Loans In Kentucky?
Our payday loans are for people with all types of credit situations. This is different from the typical banks which will often require you to have years of evidence that your bills are paid off on time. You will need to have an income to qualify. However, your income can derive from part-time jobs, or non-employed sources of income e.g. unemployment benefits.
The process for inquiring about our low credit loans is fairly simple too. You will need to ensure that you have the following on hand before you begin the process:
- A state-issued ID (a driver's license is a good choice here)
- Proof of income
- A blank check with details of your active checking account
1. Begin The Process With An Inquiry Form
You can let us know that you are interested in one of our low credit loans by filling in an inquiry form on our website. The purpose of this inquiry form is to gather some basic details about you. This information will be sent, securely, to the team here at Fast Payday Loans of Kentucky, LLC.
2. Wait For a Phone Call
Very shortly after you have filled in that inquiry form, a person from your local Fast Payday Loans of Kentucky, LLC. location will give you a call. They will go over what a payday loan is. They will also remind you of the documents that you need to provide. This is a great time to ask us any questions about the whole process works. At the end of the phone call, you will be asked to come along to your closest Fast Payday Loans of Kentucky, LLC location.
3. Meet Us In Person
Once you arrive at one of our locations, you will go through a few final checks. This will allow us to determine exactly how much cash we are able to loan you.
4. Sign Your Loan Agreement
If you wish to go ahead with the loan, you will be asked to sign a few documents.
5. Receive Your Cash
The process can take as little as 30-minutes from the moment you meet with one of our representatives. This means that this is one of the fastest ways to borrow. You will receive the money either the same day you apply or the very next day.
Looking For Low Credit Loans? Fast Payday Loans of Kentucky, LLC Is There For You
Many people opt to work with Fast Payday Loans of Kentucky, LLC for low credit loans because the process is simple and hassle-free. While traditional banks require long waiting periods and loads of papers, you can get the funds you need on the same day with Fast Payday Loans of Kentucky, LLC. What is more, your information will stay fully confidential, as we don’t share it with third parties or any credit bureaus, which means your credit won’t be affected in any way.
Find Out More About Payday Loans Today
If you have low income and bad credit, you may still be able to borrow cash if you choose to work with Fast Payday Loans of Kentucky, LLC. Our low credit loans can be an option. Discover how you can benefit from a payday loan Kentucky has to offer today by calling us or filling out a short intake form on our website.