Loans for Poor Credit

Poor Credit Loans Canada

As a person with no credit history, personal loans for bad credit are an amazing opportunity to access quick cash. It’s perfect for those who need money fast but don’t have any or would like to save more efficiently in the long run by avoiding interest rates and being able to pay back their loan over time without having used most of it up on fees.

What is Poor Credit?

Bad credit usually means you have a history of paying your bills late and can often affect how much interest rates are on loans or the type of insurance coverage.

In Canada, bad credit is generally associated with having low scores that fall below 580; while good or excellent people typically score above 670-900.

Your credit determines your risk of defaulting on loans. Banks and other lending entities use this score to decide whether they should accept applications from you, so it’s important that a person have good credit! Credit bureaus calculate your score by looking at what kind of payments you’ve made in the past or if any bills are overdue. Your history with repaying debts will also determine how much money someone can lend to you for anything like buying a house or getting an education loan.

Who is Eligible?

canadian man
Canadian Resident
18+ years of Age
Has a Bank Account
Proof of Income

Loans for Poor Credit in Canada

With a bad credit personal loan, you can get the cash equivalent of your lifeline when in need. While banks will not even consider giving loans to those with less than stellar scores, this type of personal loan might be just what is needed for an emergency situation. The credit score you have today may not be the same as it was last year. But, no one is exempt from sudden events that affect their budget in ways they never expected and make them rethink how much money they need to cover expenses if anything happens.

A large majority of Canadians are able to get a personal loan because their credit score is above 600. If your scores fall below this threshold, then banks and other traditional lenders will be less likely to lend you money in the future unless you fix up your history first by reinforcing it with some good old-fashioned hard work. Canadian private lenders offer a solution for those with less-than-perfect credit records. It’s an advantage to be able to get money even when you’re not in the best financial situation and need help getting things back on track.

When you get personal loans for low credit, not only can you receive up to $1,000 in funding but also the best part is that because it’s your loan and whatever use of money that would be most appropriate. You are the one who knows which expense should take priority first – whether it be a medical issue or outstanding bills- as well as if there was an urgent family emergency on its way.

Do you want loans for poor credit in Canada that have a high approval? Then you need to go with our lenders at Crediteck because banks just won’t approve your application if it’s risky.

Poor Credit Loans with Quick Approval

Bad credit loans are a quick way for people to get the cash that they desperately need. It’s important not to waste any time, because once you find out what your financial emergency is, the sooner it can be solved with instant approval and an easy online application process.

The quick and easy loans of today provide a more relaxed process. When you need to borrow money, the approval decision is just seconds away – not days or weeks like with traditional lenders! You can also apply for these types of loans on Saturday morning when most people are at home sleeping in their beds instead of working hard while barely getting by paycheck-to-paycheck.

If you’re interested in a fast and easy payday loan for bad credit, here are the requirements to start:
I. Meet eligibility criteria by being over 18 years old with an active checking account
II. Have verifiable employment or be self-employed – if employed it must show at least two months of continuous income on your most recent pay stubs from work
III. Make sure that all information submitted is accurate as this will help facilitate faster processing while underwriting


  • Paperless
  • No Hidden Fees*
  • E-Transfer of Approved Funds
  • Fully Automated Application System
  • Apply 24 Hours a Day
Why Crediteck?

*We will never charge you fees for our service or ask you to pay upfront fees to be considered for a loan.

Traditional Lenders

  • A Lot of Paperwork
  • Hidden Fees
  • Traditional Bank Transfer
  • Review and approval may take time
  • Limited Availability