Payday loans are often one of the best solutions when you get short on cash. But why are they called bad credit? This is because you have records on your credit portfolio of making late payments, delayed amortizations, non payment of obligations and other things that will make you a credit risk. There are however some other companies that offer bad credit payday loans. This means that they are not after your credit standing but they are after your paycheck. Just as long as you are employed and are able to receive a paycheck every payday, you are a good investment for them.

Bad credit payday loans often have very high interest rates. People who usually take on this credit are those that have no access to low interest loans. These are usually the people who have more obligations to ... Read more »