If you’re concerned that it may be difficult to get a short term loan with bad credit, the great news is that it’s still possible to get a short term loan with bad credit. To discover valuable information on how to get approved for a $3000 short term loan despite your bad credit score, simply continue reading.
Apply for a short term loan online:
One of the best ways to get approved for a short term loan is to apply for an online short term loan. As your chances of being approved for an online short term loan over a traditional bank loan are far higher. As online lenders are willing to lend individuals with bad credit scores small, short term loans between $1,000 and $5,000. So if you’re searching for a $3000 short term loan in Canada, ensure to apply for a loan online instead of talking to a bank manager.
Be willing to provide proof of your employment:
As short term loans are generally unsecured loans you may be asked to provide proof of your employment. Some online lenders will also ask you to provide your yearly salary or hourly wage as well as the length of time which you’ve spent at your current workplace. Even if you have bad credit if you can prove that you have the means to pay your loan repayments in time you should have no trouble being approved for an online short term loan. As online lenders are concerned about your current ability to make loan repayments not your financial history.
Fill out your online application truthfully:
In order to have a short term loan approved it’s important to be 100% honest when you’re filling out your online application. Especially as individuals who have previously been bankrupt or who currently work part time, instead of full time can still be approved for a short term loan.
Other key pieces of information which you should be honest about include the number of dependents which you’re currently responsible for and the number of mortgages which you’re paying off. Even if you have a mortgage or a few dependents you should still be approved for a short term loan of $3000.
So if you require funds fast, if you live in Canada and follow the handy tips which are listed above you should have no issue being approved for a short term loan of $3000. Even if you know that you have poor credit.