Not anymore, considering the fact that bad credit is not always the result of failing to make payments by borrowers. At time it is also caused due to the reasons beyond the control of borrowers. Lenders have now devised custom made loan solution for people with bad credit and need money very urgently, called, instant decision bad credit loans.
Therefore, if you have bad credit and are looking for money desperately, instant decision bad credit loan is the right choice for you. Instant decision bad credit loans is also offered to borrowers with a history of mortgage arrears, County Court judgments (CCJ's), no proof of income or even a bad credit rating. It doesn't matter what you need the loan for, such loans are provided to both employed and self-employed borrowers, borrowers with no proof of income or even those with late payment history or defaults etc. One can use this loan for any purpose.
What do you need to have to get instant decision bad credit loan. The eligibility for borrowing instant decision bad credit loans are that the borrower should:
Have a permanent source of income.
Have a valid bank account.
Be atleast of 18 years of age.
You can apply online to borrow instant decision bad credit loan. Online application will save your time and money. Once applied, lenders representative will contact you to complete the process and the money could be transferred to your account within hours.