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The short answer is yes. We can say that because the lenders that we work with are more concerned about your current financial situation than they are in your past history. They know that even though you had trouble with your credit status in the past, you might be on a good financial footing today. Whatever is in the past could be for reasons that aren’t relevant to your situation today. For instance, you might have gotten behind on bills when you were between jobs or when one of your family members became ill. If you can show your lender that you have an adequate income and you are able to get your bills paid on time, it will give you a better chance at getting the fast cash loan that you need today.

There is a standard for grading credit scores, called FICO. According to them, if you have a credit rating that is less than 620, it’s considered to be bad. FICO has a set of criteria they take into account when determining a person’s credit score. It includes such information as past payment history, which is one of the reasons people get a bad credit status. It doesn’t matter why you didn’t pay your bills on time, according to FICO. However, this is something you can discuss with your lender, since many times this happened because of a temporary situation in the past. If it has now been resolved, you’ll still have a bad credit score but you can explain the reasons for it. Another item included in FICO’s assessment is how much total debt you carry. Even if you never missed a payment, you could get a bad score if you are in debt up to your ears. For a better score, try to find a way that you can get some of your debt paid off.

To improve your credit score, you should begin by taking a good look at how you arrived at this score. What happened in your past that caused you to become a bad credit risk? Was it because you missed work for a period of time due to an illness? Some of the reasons could be that there wasn’t enough work in your field so you were laid off or someone in your family was ill and you had to stay home to care for that person. Other reasons could be a sudden drop in your income level or maybe you went through a time where you just forgot to pay your bills! When you realize what caused your credit score to decline, you can come up with a plan to improve it. Since one of the main causes of a bad credit score is related to not paying your bills on time, make a plan to pay them promptly. This could immediately fix your credit score. If your credit score is bad because you have so much debt, work on getting some of that debt paid off. When you take these steps towards paying bills on time and reducing your amount of debt you could see a better credit status.

There are people and organizations that you can reach out to for help with your credit rating. These financial experts can help you look at your spending history, your financial requirements and your ability to make payments on time. These are trained professionals who have a reputation for being able to help people like you. Let them help put you back on the right track so that you will have more financial freedom. Don’t let bills and old debts keep you from going forward today.

Send us your online inquiry form today. We will do our best to help you find a lender who specializes in loans for people with bad credit.