Customize your instant loanReceive your money by 3:12 pm
Apply now and receive your money by e-Transfer at no extra cost.
BAD CREDIT LOANS IN BC
Bad credit loans in BC, as their name implies, are designed to provide access to quick cash, even for those customers who may have poor credit, a limited credit history, or no credit history at all.
Credit scores are a critical part of a person’s financial life today. They can govern everything from whether or not a person can buy a home or car, have a credit card, get affordable rates on personal or business borrowing, and much more.
Their outsize role has only grown in recent years, to serve as a shorthand for borrower risk – often to the exclusion of other factors. What all of this means is that many people have been shut out, often unfairly, from accessing credit and loans from traditional lenders.
That’s why more and more people are turning to online lenders that offer bad credit loans in Canada with instant approval.
Usually, those individuals would be out of luck with traditional lenders and types of loans. Many banks, for instance, only accept borrowers with excellent credit scores.
By contrast, these loans for bad credit in BC accept a much more extensive range of the credit score spectrum, as they often have no credit score requirement at all to qualify.
Loans for poor credit in British Columbia work just the same as any other legit short term loan. They provide cash proceed (up to $1,500) to customers, who can then use the funds as they see fit. After a period, the loan must be repaid, with interest.
The key differences, and therefore, many of the advantages that these easy loans offer, stem from the qualification criteria and requirements related to credit score.
Most commonly, customers seeking bad credit loans in British Columbia use their loan funds to pay for emergency or urgent expenses or to help make ends meet. Managing cash flow, paying for home or auto repairs, repairing or replacing appliances, emergency travel, and lodging, and similar everyday problems can often be addressed most efficiently with a cash advance loan.
Bad Credit Payday Loans in BC
The advantages of bad credit payday loans in BC are numerous. First and foremost, these easy loans are often the only kind of credit or financial product that customers with poor credit scores can access.
Bank loans, credit cards, and other forms of financing may be out of the question, solely based on credit score, but that does not stop borrowers from accessing this particular kind of loan.
Poor credit is not an impediment, because these loans typically have very low or no minimum credit score requirements associated with them. Lenders offering payday loans for bad credit, use alternative criteria to evaluate borrower risk and are more forgiving than banks and traditional lenders.
At the same time, no collateral is required to obtain a payday loan with bad credit in British Columbia, so even customers without a lot of liquid assets or who are unwilling to risk those assets can still qualify.
These cash loans for customers with bad credit go further in increasing the accessibility and speed with which a customer can access cash. Multiple forms of income are usually accepted, and not just limited to traditional wages from employment.
Retirement accounts, pensions, and even government benefit/social welfare program proceeds can be used towards meeting the income requirement for an unsecured loan for bad credit.
Also, with online lending, the lending process for payday loans for bad credit is much faster. A simple online application means customers can be done applying in just minutes. This is coupled with an instant approval decision, digital loan agreement, and fast funding.
Many customers seeking bad credit payday loans in BC can be funded the same day, or even faster. What’s more, the funds provided are unrestricted – they are not tied to the purchase of a specific thing in the way a car loan or home loan may be.
That leaves customers able to use the funds as they see fit to best improve their financial situation – a critical and valuable tool when someone is already dealing with bad credit and distressed finances, to be sure!
Bad Credit Personal Loans in British Columbia
There are many reasons why people may need a bad credit personal loan in British Columbia. BC is a great place to live, work, and play. The economy is among the strongest in Canada, with a diverse group of companies and professions contributing to the high GDP of the province.
At the same time, the natural, idyllic beauty of the region is unparalleled. Tourism and attractions across BC attest to this, with outdoor sports and activities remaining extremely popular. Education is also an integral part of BC’s appeal, with some two dozen public universities and colleges, and another dozen or so private ones situated throughout the province.
Yet, despite all the positives, many people still experience hardships. BC, most seen in Vancouver, has an extremely high cost-of-living, especially when it comes to housing. That can leave a little buffer in a family’s finances if the economy takes a downturn or they experience a personal emergency.
Failure to meet those challenges can negatively impact credit scores for years to come. Fortunately, those particular problems can often be avoided with the responsible use of a bad credit personal loan in BC, from online lenders like iCash.
iCash is a leading provider of personal loans for bad credit in Canada today. We offer a 24/7/365 online application and approval process, with instant approval decisions and fast funding. Customers can access up to $1,500 in as little as 30 minutes.
Importantly, there are very minimal requirements to qualify, including no minimum credit score requirement. Residents of British Columbia seeking bad credit personal loans can be eligible even if they have been rejected by other lenders – providing a lifeline in trying economic times.
There’s also outstanding customer service, a cashback rewards program*, and so much more available to borrowers at iCash. There is no need to travel, make an appointment, or wait in line – and nothing to mail, fax, or scan.
Residents can apply for a bad credit personal loan in BC from the comfort of home, or even on the go, from the iCash website or via the instant loan app, available on iOS and Android devices.
Apply for a Bad Credit Loan in British Columbia!
Getting an online loan with us is fast and easy. Simply select your loan amount, repayment plan* and provide some personal details.
Our online loan application will tell you if you’re approved instantly. Once approved, all you have to do is electronically sign your contract. It’s that easy!
Once you sign your digital agreement, your cash advance will be sent by e-Transfer within 2 minutes. Fast, convenient and hassle-free. Funds are sent 24/7, no matter what.
Earn money every time you borrow with iCash! Our unique cashback program is designed to reward you for being a loyal customer and can help you save on future loan payments. After successfully paying off your first online loan, you'll receive 5% of the cost of borrowing credited to your account. You can earn up to 20% depending on how many iCash loans you have repaid.
Frequently asked questions
Have more questions? Check out our full FAQ.