How It Works
CreditPoor Gets You the Money You Need Fast!
We know that when an emergency occurs, and you need a little cash to bail you out, you need it fast. CreditPoor has developed a payday loan application process that is simple to execute and can give you a decision very quickly. This means the funds can be in your account fast.
We have published some basic information below, on how to make sure you are eligible for a payday loan, and how to apply.
Payday Loan Eligibility
Qualifying for a payday loan doesn’t take much. There are just three main requirements that you need to meet, and these are:
- You are employed – so that you can prove to us and our lenders that you have enough income to meet the loan repayment at the end of the term.
- You have an active bank account – we can use your bank details to validate your identity, and also be sure you have a way to receive and send funds.
- You are old enough – you must be over 18 years old to be eligible for a payday loan.
This is all you need to qualify for a payday loan. No credit score check is undertaken, and we won’t look into your financial history. For most people who can cover these three basic requirements, a positive application will be the result.
How to Apply for a Payday Loan
It is incredibly simple to apply for a payday loan using CreditPoor. The process we have developed will only take a few minutes of your valuable time to complete. We then do all the legwork, comparing payday loan products from our panel of lenders, to fund the best short-term loan for you. This is a typical process for a payday loan application:
- Fill in the application form. You will need to give us your personal information such as your bank account details and address. We can then verify that you are who you say you are and are eligible for a payday loan. Also tell us how much you want to borrow.
- We will take your information, and use our advanced loan aggregation system to compare the short-term loan products on offer from a wide range of lenders, to find the best one for you.
- We will give you a selection of the best loan offers open to you, for you to check over and decide which one you prefer.
- We will send you to the lender that the payday loan is from, and then you will complete the final part of the loan application process.
- The lender will complete the application, doing final checks, and then will send you a loan offer.
- You decide if you agree to the terms of the offer.
- If you agree to the terms, the lender makes the cash available to you.
And that is all there is to apply for a payday loan from CreditPoor and receiving the money you need fast.
No Supporting Documents Needed
We won’t need you to send us any documentation at all. But now and then, the actual lender may ask you to forward them certain documents, if they are struggling to identify you.