Having bad credit is an unpleasant experience, and poses great difficulty in getting further loans from your bank once they have had a look at your credit history. Fortunately, online payday loans can bring you the aid needed in such situations.
Getting Online Loans
The world of business is moving steadily towards the virtual world, and moneylenders are no exception. Bonsai Finance is one such company that can help finding the loan you need to pay off your dues in a more efficient manner than anything a traditional bank can offer them.
A Quick Transaction
One reason online loans are so popular is that they don’t take up too much of your time. The entire process of filling out the request on the website, submitting the documentation and receiving the loan can be completed in less than an hour from the comfort of your own home. That’s right, with Bonsai Finance, you can actually get a loan using a tab on your internet browser page while using Facebook on another tab!
No Prying into Your Finances
No one starts out wanting a bad credit history. It just happens, and it happens to everyone. Traditional banks don’t understand this. All they see is a poor credit history, and that’s all the excuse they need to refuse you a new loan.
At Bonsai Finance, we understand that getting a new loan is essential for repaying your older loans. That’s why we don’t bother with a credit history check before advancing a loan, and neither do we ask for a collateral, which means anyone from a penniless student to a down-on-his-luck entrepreneur can now get ready cash.
For all these reasons and more, people are going online to solve their financial problems. But in addition to solving your immediate money problems, it’s also important to keep an eye on the future. One thing you can do is get a credit card that works best for people with bad credit. Let’s take a look at some cards that offer the best services for people who have accumulated a poor credit rating.
Best Credit Cards for Bad Credit
The Discover it Card requires no annual fee and works very well for people who have a bad credit history and wish to improve their score while also getting cash back, making it one of the best credit cards for bad credit. A certain amount of money is returned back to the user on everyday purchases. Making all future payments on time and keeping credit utilization low increases your score over time.
Another solid option for best credit cards for bad credit is the State Department EMV card. It works best for individuals who have a credit score below 600 and carry a balance month-to-month. The card offers a minimum APR of 7.24%. Thus, it has one of the lowest interest rates that secured cards of any company carry. No annual fee for the EMV Savings Secured Visa Platinum means you can put the extra cash in your security deposit.