Online Loans for Bad Credit

Online Loans for Bad Credit

Online Loans for Bad Credit

Is a bad credit score digging an even deeper hole in your finances? Let’s fix that. At QuickCash4Less, we aim to help people out of financial pits through high-quality customer service and easy, fast access to cash. We understand the importance of credit scores in our finances, which is why we work to help people improve their financial health through online loans. 

Learn more about your credit score, what it means and how QuickCash4Less can help you!

What is a Bad Credit Score?

The finance industry typically views credit scores lower than 600 as “bad.” So what makes up this number? The Fair Isaac Corporation (FICO) developed the most widely used credit scoring model among top U.S. lenders. 

The FICO scoring model considers five major factors when determining a person’s credit score. Each of these factors impacts scores differently:

  • Payment History (35%)
  • Amounts Owed (30%)
  • Length of Credit History (15%)
  • New Credit (10%)
  • Credit Mix (10%)

Why Does Your Credit Score Matter?

The lower your credit score, the less likely you are to qualify for credit products, and if you do qualify, the credit products usually include higher rates. 

On average, people in southern states typically have a lower credit score. For instance, in 2021, Mississippi had the lowest average FICO score, followed by Louisiana, Alabama, Oklahoma, Texas and Georgia.

Since a credit score is used as a prediction of someone’s credit behavior, a low score often prevents people from qualifying for loans with favorable rates – making their financial situation even worse. 

With limited access to loans, individuals with poor credit may find themselves trapped in a toxic cycle of increasing interest rates and declining credit scores. At QuickCash4Less, we break that cycle.

How QuickCash4Less Can Help

Designed to help you, QuickCash4Less’ seamless online loan process provides customers with a convenient way to access cash fast with rates lower than other lenders. 

Having served over 25,000 customers since 1997, our team has the lending experience you can trust. Don’t believe us? See what customers are saying about our service and apply for a Louisiana loan today!