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When you are in need of quick cash, Mr. Payday Has got you covered! We have been helping Canadians with their short term loan needs since 2002.

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How Our Loan Process Works

1

Apply Online

Applying for a loan with Mr. Payday is easy and fast. Fill out our simple and secure application form.

2

Get Approved

It usually takes about 30 minutes to get approved for a payday loan during our business hours.

3

Instant Funding

Once your loan application is approved, you will receive an e-mail money transfer withing 30 minutes.

What Our Customers Have To Say

There Are Different Online Loans For People With Bad Credit In Canada

Picture of Loans For People With Bad Credit In CanadaTechnology has made things quite easier to most of us here in Canada because now if you are in need of a loan and you have a bad credit history, it is possible to get the right lender online that will be willing to overlook your credit history, and still provide you with the loan that you are looking for. It is upon you though to go online and search for all the available lenders who are willing to give loans for people with bad credit.  There are lenders who only give their money to those borrowers with a relatively good credit history while there are those who deal with people of bad credit history altogether.  You can choose to search for all the available lenders in Canada online and then settle for the one that suits your needs.

 

In choosing the one that best suits your loan needs, you will need to be keen when looking at the requirements of different lenders because most of them who deal with the giving out of loans for people with bad credit histories call for the requirement of an asset so that they are sure their money is well secured even if it has been given to people with bad credit history.

 

Remember that you have a bad credit history in the first place, so it is definite you will need an asset to make it possible for you to secure a loan from a lender. Online lenders settle for this option because they know that they wont be in contact with you so they have to be sure their money will not go to a person that will never pay back and there is no asset which had been left behind to serve as collateral.

 

Why Online Loans Call For Faster Approval On Loans For People With Bad Credit

There are certain benefits that you get to enjoy however when you chose to find a lender using online services. This is because there is less hassle when it comes to the amount of time that you will use applying for a loan and it will also take fewer days before you know if your loan has been approved or not. The lenders that you will choose all need sometime to look at the credit history that you have and the asset that you are giving out as collateral since they deal with loans for people with bad credit. It may take a while before they respond, but not so long, so within a few days you will have your loan application either approved or denied.

Loans For People With Bad Credit Video

The loans for people with bad credit are not that different from those who have at least a good history when it comes to their past in credit payments. Many people tend to think that if you have a bad history when it comes to credits, you will get a small loan compared to the one who has been paying their credits. So long as you have the right back up in terms of a company or maybe the asset that you have chosen to use, you are able to get the full loan that you need and you applied for in the first place.

 

Online lenders usually compete for your application so chances of your loan not being approved are very minimal. Having a bad credit history in this case is no excuse for you not to get your loan, so it is better if you prepare yourself for the payment of the loan as you already have it with you. The loans for people with bad credit have a lot of lenders waiting to give them out because they are aware that with a secured loan option, there is no need to worry about their money.