Bad Credit Loans

Thanks to online lending flexibility, direct lenders now consider applications from bad credit borrowers, believing the fact that you can lose your score due to unavoidable reasons like being sick in hospital.

Not all direct lenders offer bad credit loans in Ireland, but we do. Getting your needs funded has become more comfortable with us. We assure you that you will get such loans at lower interest rates.

Note that you should not apply for poor credit loans just because they are easily available. Borrow only when you are in dire need of money.

Here are some of the circumstances when you can think of applying for such loans:

• You have a financial emergency, like urgent medical bills.
• You want to rebuild your credit score.

You can borrow between €1,000 and €25,000. However, note that you will have to pay off the debt in a lump sum if the range of borrowing money is between €1,000 and €1,500.

If you borrow over €1,500, you will pay in instalments. Look at the following table for more details:

What Do I Need To Do To Get Quick Loan Acceptance?

You all know the necessary steps to apply for bad credit loans. When you apply with us, we will consider your income to decide the disbursal limit.

INCOME factor plays a paramount role in case of bad credit acceptance loans. As we follow FCA guidelines, we ask all borrowers for submitting their income statement because it will help us know your current financial condition and affordability.

If we suspect that you have left very little or no money after meeting all of your monthly expenses, we will not approve your application.

However, if we find that you can afford the loan (for instance €1,200) but less than the amount you mentioned in your application (for example, €1,500), we will disburse what you can afford (€1,200).

So, remember that INCOME IS THE ESSENTIAL FACTOR TO GET THE LOAN APPROVED.

The Importance Of Direct Lending In Availing Poor Credit Loans

While both traditional financial institutions and direct lenders are out there, it can be confusing to decide where to get a loan in Ireland with bad credit. Below is a table that compares traditional lending with modern lending.

What Exclusive Benefits Can You Get If You Apply For Bad Credit Loans With Us?

Apart from seven days extension in repayment, you can renew your loan at the same interest rate, so you can continue to keep making repayments at your comfort.

For instance, if you have borrowed €1,000 @ 4.5% for 20 days, you can renew your loan for another period of 20 days @ 4.5% provided you can prove that you missed the due date because of unavoidable circumstances, for instance, you were sick in hospital or suffering bereavement.

Why Should Current Finance Loans Be Your Lender’s Choice?

Several direct lenders are out there offering personal loans in Ireland for bad credit. This is why you can go to any lender to borrow money, but we believe that Current Finance Loans will be an ideal choice for you because:

• Our interest rates are lower than other direct lenders.
• We carefully analyse your affordability because our aim is not to make profits but to help you financially.

Your credit score is no longer a problem with Current Finance Loans. Apply now.

Loans in Ireland with Bad Credit – Change Repayment Schedule during Tenure

We understand that financial issues keep coming like a bumpy road, and in those circumstances, you may not be able to pay instalments. This creates fear of what can be the consequences of this condition. We know that you will need us to understand your situation. Of course, the support is there to figure out the most relatable solution and get back on the track. It is essential to try to make a good payment history with us because we can give the due flexibility when you are in need.

What to do if you want to change your repayment schedule for loans in Ireland with bad credit?

I Was Rejected by a Lender Last Time Am I Still Eligible to Apply for Loans for Bad Credit in Ireland?

Of course, your application can be considered despite rejection in your last application because once again, we base our approval decision on the repaying capacity. Varied lenders have varied terms and conditions. You cannot qualify for funds with every lender.

• You should apply to us, and we will thoroughly check your loan application
• Your personal finances should look fine with a satisfying financial capacity currently
• Do not make applications to other lenders. We avoid multiple footprint applicants
• You are eligible for instant approval decision in this case too as it is our loan feature

Are Very Bad Credit Loans and Bad Credit Loans in Ireland Similar?

No, both are different in nature and condition. The very bad credit loans are those obtained in the worst credit situation with a score of 0 to 560. A bad credit score is about 561 – 720. It means both are different conditions and with other circumstances. Many of our customers get confused between the very bad credit and bad credit loans. A comparison can help develop an understanding.

Eligibility Parameter at CurrentFinanceLoans

We follow the fair lending rules and have the eligibility conditions accordingly. We work in accordance with the rules set by the regulatory authorities. Here are the eligibility conditions –

• Age requirement for the applicant is minimum of 18
• Should be employed for a minimum of 6 months
• Your name should be in the electoral roll
• You must have a bank account with a regular income

The above are the general terms and conditions applicable in any case of bad credit loans in Ireland. However, according to circumstances, the terms and conditions can change. For example – after the pandemic, the conditions have changed many, and many people are still not getting 100% salary. In that case, the affordability check has become more detailed.

CurrentFinanceLoans is always destined to figure out better solutions for you, and for that, we act rational as well as flexible at the same time. The rational part demands a strong repaying capacity. If that is available, you can see us watching acting plausible in every aspect. From repayment schedule to the interest rate, we are ready to adjust anywhere. This gives you the surety that you are getting the bestbad credit accepted loans in Ireland. You can find us available anytime 24x7, 365 days.