Fastest Bad Credit Loan Approval in Canada


You really have to feel for this applicant for a bad credit loan. He is looking for a personal loan so that he can go and purchase some furniture to furnish an apartment that he has just moved into. He does not want to use his credit cards because he knows that he will have to carry a balance over month end which in turn triggers the high interest rates that credit card companies charge. Sounds like a reasonable prudent plan to follow.

The problem is that he has really bad credit caused by his ex-wife which he cannot get away from in the short term. All of his savings and retirement money is tied up until the split is final and he has this credit rating problem which apparently she caused. It usually takes two to tangle and we cannot take sides in a dispute like this one. All we can do is view the facts and deal with the situation based on the facts that are presented.

At this time all we know is that both parties have a bad credit situation, there is no short term resolution in site. Even though they are separating and he has a good paying job that appears to be stable, there is all of this debt still hanging out there that they are both responsible for. He may not have caused it, but his name is on the accounts, and therefore he is 50% responsible or perhaps even 100% responsible. Until it is cleared up by the courts or the divorce, this applicant is going to have a very tough time finding lenders to loan money to him with his current bad credit rating.

We do not anticipate that any lender will be willing to lend money to this client until his financial affairs become more clear.

DEFAULT LOAN APPLICATION FOR BORROWER’S INFORMATION

Loan Amount :: $5,000

Loan Application and Processing Speed (when do you need the funds)::within the next five days please

Do you currently have a mortgage? :: no, I rent an apartment

Bank Name and Branch :: Royal Bank, Richmond street

What City/Town, State and County do you live in? ::London, Ontario, Canada

Zip ::N6A3C4

What is your employment field? :: Auto Parts Supplier

Employment Position :: Shipping

When are you paid? (monthly/weekly/biweekly):: Biweekly

Your credit rating to be – excellent, fair, or bad? :: I have a bad credit rating which I am trying to fix

How did you find us? :: Searching online for lenders who will loan money to people with bad credit in Canada

How are you paid? (direct deposit/paper check):: Direct deposit

Gross Amount Per Paycheck ::$1600

Do you agree to have this information published online, without your PRIVATE information of course? ::sure, why not, you can find just about everything else online

I have been searching online for lenders that will approve a small $5000 loan for someone with a bad credit rating anywhere in Canada. To date there areĀ  no lenders that will even give me the time of day for my loan application because I have a really bad credit situation.

My situation is as follows. First the positive, I have a decent a decent job which I have been at for the past five years. It pays well and I have never been laid off. I have always tried to pay all of my bills on time and never missed a payment for anything and that includes my rent, my utilities and any loans and credit cards that I have been personally responsible for.

I cannot say the same for my wife. We have just separated and she has a large debt load on several credit cards that she is responsible for. Unfortunately for me I am listed as a co-card member and any problems in terms of payment etc. also affects my credit rating as well. She has not been paying the credit card payments for whatever reason and now both of our credit ratings have tanked. It is making life much more difficult for both of us even though we are now separated.

Note to Lender: This loan of $5000 is intended to help me get restarted with some basic new furniture in an apartment that I have moved to. She is getting all of our furniture as part of the agreement which means I need to go out and purchase my own stuff. All of our savings and retirement plan money is tied up until we finalize our separation and I have no ready cash to use to pay for the things I would like to purchase.

I could use my credit card, however this would mean I would have to carry a balance at the end of the month at credit card interest rates. I would rather obtain a fast low interest loan now and know that I am paying a lower interest rate than what the credit card companies charge.

That is why I am looking for the fastest bad credit loan approval in Canada right now because I need to order my furniture so I can at least be a little bit comfortable in my new apartment. Do you think you can help?

 

Category: Loan APR 4% APR 7% APR 9%
Loan Principal $5,000 $5,000 $5,000
Payment Schedule Monthly Monthly Monthly
Length of Term 3 5 7
Amount to be paid $5,308.28 $5,889.42 $6,593.52
Total interest paid $308.28 $889.42 $1,593.52
Paid per installment $145.43 $96.81 $77.42

Do You Need A Personal Loan?

Legitimate lenders use BFC to find borrowers they can lend money to. We screen them all to make sure they are legal and trustworthy. All fields must be filled out, or the pre-app will not be processed. Thanks for your understanding. NOTE: Lenders generally DO NOT RESPOND to one sentence requests for a loan. They take action if the borrower provides details regarding why they need the money, their Province location, income, outstanding debts in detail. The more in depth your information, the more lenders respond.

Use the loan application below to start the process. Detail your income and purpose of loan please - lenders do not respond to applicants who don't provide it. Thanks for using BFC!


22 Loan Requests

  1. Steve applied for the following loan:

    Loan: $8000

    Speed: ASAP

    Credit: Poor

    Location: Peterborough, Ontario, Canada

    Income: $2200

    Reason:

    To pay off 3 payday loans. To pay a fine and pay for car insurance for a year

  2. Katie applied for the following loan:

    Loan: 6000

    Speed: Asap

    Credit: 525

    Location: Fredericton

    Income: 2000

    Reason:

    I got myself into a payday loan cycle I need a security blanket to pay them all off and never go down that road again I think it’d be easier to consolidate by using your services. My rent is also coming up and I have no money to pay it

  3. Nimrit applied for the following loan:

    Loan: $4500

    Speed: Asap

    Credit: 520

    Location: Brampton, Ontario, Canada

    Income: $1500 monthly earning plus tips

    Reason:

    Need to catch up on payments and fix my credit score

  4. Nimrit applied for the following loan:

    Loan: $4500

    Speed: Asap

    Credit: 520

    Location: Brampton, Ontario, Canada

    Income: $1500 monthly earning plus tips

    Reason:

    Need to catch up on payments and fix my credit score. Need to pay visa bill, MasterCard bill, and student loan

  5. Victoria applied for the following loan:

    Loan: 5000

    Speed: July 29 2017

    Credit: Poor

    Location: Lindsay, Ontario, canada

    Income: 2600- monthly employment 1300- monthly child tax

    Reason:

    Unexpected bills, credit card pay off, rent, and medical expenses for my son

  6. Lori applied for the following loan:

    Loan: 3000

    Speed: TODAY

    Credit: poor

    Location: ALTONA , MANITOBA ,CANADA

    Income: MY MONTHLY PAY IS $1518.16 I GET PAID EVERY TWO WEEKS

    Reason:

    I need to pay some bills that I am behind in and work on my credit score

  7. Melissa applied for the following loan:

    Loan: 600

    Speed: Asap

    Credit: Ok

    Location: Brossard quebec

    Income: 1St every month 756$ 6th child support 178-236$ 20th 900 child support ALSO MY HUSBAND OF 12YRS WORKS FULL TIME AND GETS PAID EVERY 2 WEEKS 550$

    Reason:

    I NEED IT TO BUY FOOD AND COVER REST OF MY RENT WE HAD UNEXPECTED FINANCIAL ISSUES THIS MONTH

  8. Danny applied for the following loan:

    Loan: 400

    Speed: Yesterday

    Credit: Fair

    Location: Brossard quebec

    Income: Every two weeks 550$ my pay check Plus my wife has family allowance 330 on the first every month and the 6th child support 236 And 20th 900

    Reason:

    My rent and to get food for my two kids since resently having my 3 month old son passed but we had unexpected financial difficulties this month and we really don’t want to lose are house too

  9. Danny applied for the following loan:

    Loan: 800

    Speed: Yestyrday

    Credit: Poor

    Location: Brossard quebec

    Income: 550 every two weeks plus wife has 330 1at every month plus 236 child support and 900 20th every month

    Reason:

    Rent bills and unexpected bills that came up

  10. Melissa applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: No

    Location: Richmond Hill

    Income: To pay off rent

    Reason:

    Rent

  11. Tyler applied for the following loan:

    Loan: 5000

    Speed: As soon as possible

    Credit: 546

    Location: Saint Paul

    Income: 3200 is the minimum after taxes, overtime can add up to 1000 more, depending on the month.

    Reason:

    My truck is waiting until I can claim it through insurance, the rear end is destroyed. Also woul like to catch up on my debts, phone bill, credit card, etc.

  12. Carrie applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: Poor

    Location: 34 Victoria Rd North Guelph Ontario Canada N1E 5G8

    Income: 2320.00 I get 1600.00 from my job and 720.00!from Child Tax Credit.

    Reason:

    To pay off my payday loan and some other bills and I am in a wedding that I have some exspenses for.

  13. Shirley applied for the following loan:

    Loan: 7500

    Speed: Now

    Credit: Poor

    Location: Richmond hill ontario canada

    Income: 1645 pension 1200 piano teaching

    Reason:

    I need to pay for some outstanding obligations and buy groceries I have been scammed by 3 different loan companies during the past 6 weeks and have no money to buy food or pay bills

  14. Shirley applied for the following loan:

    Loan: 7500

    Speed: Now

    Credit: Poor

    Location: Richmond hill ontario canafa

    Income: 1645 pension 1200 piano teaching

    Reason:

    I need to pay some obligations that are due and get groceries I have been scammed by 3 different companies over the last 6 weeks and don’t have food or money to pay bills

  15. Shirley applied for the following loan:

    Loan: 7500

    Speed: Now

    Credit: 544

    Location: Richmond hill ontario canada

    Income: 1645 pension monthly 1200 piano teaching monthly

    Reason:

    I need this money to pay bills also to pay balance if wedding costs also been scammed by 3 different loan companies over the past 6 weeks which has left me with nothing to pay bills food rent etc would you be able to help — desperate

  16. Andrew applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: Poor/fair like 460 credit score

    Location: Brantford

    Income: 1594.51 from cpp monthly 370 bi-weekly insurance income payment

    Reason:

    Personal/bills

  17. Colby applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: 599

    Location: Northport , PEI

    Income: 685 cleared per week after taxes 950 before taxes

    Reason:

    Pay of consumer proposal and get my life back on track

  18. Greg applied for the following loan:

    Loan: 3000

    Speed: ASAP

    Credit: BAD

    Location: KENTVILLE NIVA SCOTIA CANADS

    Income: 2200 A MONTH NET

    Reason:

    TO PAY OFF 4 SMALL LOANS AND DESPERATE NEED OF CAR REPAIRS GET BACK ON MY FEET RATHER HAVE ONE MEDIUM LOAN THAN 4 BIG PAY OUT LOANS I CAN AFFORD TO PAY NO MORE THAN 400 A MONTH

  19. Josh applied for the following loan:

    Loan: 6000

    Speed: ASAP

    Credit: Fair

    Location: Calgary, AB, Canada

    Income: $3400 Paid $1700 bi-weekly

    Reason:

    Consolidate debts.
    Pay off credit cards and one loan.

  20. Natasha applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: Unsure

    Location: Mississauga

    Income: $3600 from solid full time employment

    Reason:

    Fell behind in payday loan cycle and behind in rent and back to school shopping as well as groceries: (

  21. AJ applied for the following loan:

    Loan: 5000.00

    Speed: Asap

    Credit: Poor

    Location: Vancouver,b.c,canada

    Income: I work full time. I get paid on the 1st and 15th. Each deposit is 1350.00.

    Reason:

    My phone is to be cut off.335.00
    My cable and internet is about to be cut off.5010.00
    My Morgage is due.1500.00
    Storage over due fees.3000.

  22. Anonymous applied for the following loan:

    Loan: 5000

    Speed: Asap

    Credit: Poor

    Location: Calgary

    Income: 1800

    Reason:

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