Frequently Asked Questions
We understand how difficult it can be to need money under any circumstance. But if you have a bad credit score you might be even more worried. When you send your online inquiry form to MVP Bad Credit Loans, we will try to help you no matter what credit score you have. Contact us today and let's work together to get the fast loan you need.
What is considered to be a bad credit score?
According to the FICO system, any score coming in under 620 is bad. That is a standardized and accepted system that evaluates a person’s past credit background, payment history and the amount of debt. This score can change according to a person’s habit for paying loans and for taking on more debt.
Let’s say I have a poor credit score. Can I still be approved for a fast loan?
When we receive your inquiry form, the team at MVP Bad Credit Loans will forward it to a group of reliable lenders. Since our lenders accept many credit types, your request for a bad credit loan will be considered. Whatever your credit type is, we welcome your request for help finding a lender.
I want to work hard to improve my bad credit score. What are some tips that can help?
The first question to ask yourself is why you have a bad credit score, and then you can find the way to fix it. If you defaulted on a loan, you should take care of that. Contact that lender and negotiate a settlement. Were you out of work for awhile and were unable to pay your bills? If you have a steady income now and begin to make all your payments on time, that will help. Once you establish a good habit of keeping your bills paid before they are due and reducing the amount of debt you owe, you should be able to build up a stronger credit score.
Are there people who can help me fix my bad credit score?
If you have a bad credit rating and want to make it better, you can look around for financial counselors who can help. They will be listed in the newspaper ad section or you can do an online search for one in your area. After you find a few of them, check their online reviews of other people who have used them before selecting the one you will work with. It’s important to put your complete trust in the counselor you work with, so that you will respect their advice. Good luck!