If you have already taken loans, you probably know how important the criterion in obtaining a loan is the credit history: it is checked in the first place, considering the application from the borrower. And if the history is bad, then there is a high chance that the application will be rejected.

Why is it so difficult to get a loan with a bad credit history?

Because a bad credit history means that the client Hart Loan has been delinquent on old loans. The delinquencies themselves (whether they were one or many, for what amount, for what reason) are already a secondary issue: they may not even be paid attention to. And such clients can be automatically rejected by the credit institution. In the best case, they can give credit, but with different conditions. For example, less money, higher interest rates, more documents, and/or a guarantor.

Where can I get a loan with a bad credit history and what do I need to do?

You need to meet only a few criteria to get a bad credit loan guaranteed approval:
  • age of 18 years;
  • a passport;
  • no overdue loans

How to get a loan online with a bad credit history?

Stage one: registration and filling in your profile. You have to register your profile on the microfinance company's website because all operations (getting a loan and repaying it, as well as viewing information about its status) are carried out there. To create a personal account you need only a mobile number.

When you create an account, log in to it, and carefully and correctly fill out the form. Attach photos or scans of documents, take clear selfies, as well as link the card to get the money. Even if you do everything slowly, so as not to make a mistake — this stage will hardly take more than 5-10 minutes.

Stage two: Create an application and get an answer. When the profile is complete and the documents are attached — you can apply for a loan. Just specify how much money you want to take, and for how many days. After sending the application, you will have to wait while the company reviews it and check your application. It usually takes up to another 5-10 minutes. Also at this stage, the manager can call the client for clarification (especially if this is the first time you come to us).

Stage three: confirming the application and receiving the money. Received an SMS? This is the answer to your application. If it is approved, you will receive a credit agreement in electronic format. You can only confirm it by sending an SMS code instead of a handwritten signature. Then the loan will be issued, and the transfer will come to the linked card in the next few minutes.

Your credit history is made up of the loans you have taken out. If your most recent credit history is a problem loan, that will be the first thing the lender will see when you apply for new bad credit. This is why you need to take out a new loan and pay it off on time. Even if it is a small and short loan, it will already improve your credit history. It will allow you to increase your chances of getting future loans, already for larger amounts.