Those who have a bad credit are more or less blacklisted by banks, so whenever they require assistance from these financial institutions, they need to go through a painful process. In addition to the fact that in an overwhelming majority of cases their request is strictly denied, the procedure itself is extremely long. This explains why those who need small personal loans that are supposed to be directed with pinpoint accuracy for solving a pressing matter, will look elsewhere for solutions.
Little Payday is a friend in need for those who have a bad credit score and don’t want to impose on friends and relatives to overcome an unexpected obstacle. The company works with a large variety of lenders, so when they are presented with a request from a potential customer, it has several sources to rely on. This makes it much easier for them to provide an honest answer right away, so that those who count on their aid will get the chance to actually use the money they need.
Short term loans shouldn’t be affected by the same elements that make it highly unlikely for a person with bad credit to borrow money. Little Payday doesn’t factor in the credit score when analyzing applications, so even those who thought that they had no chance might get the funding they count on. Lenders accept the fact that by lending the money, they take slightly higher risks, but these are made worthwhile by the additional fees and steeper interest rate.