Money Dos and donts

Loans for those with Bad Credit

Loans for those with Bad Credit

If you have bad credit, you may be finding it increasingly difficult to get vital loans. While this is generally a sign that you should try to avoid further borrowing, there are certain circumstances in which it is just vital that you get credit. This may include paying rent, especially if you have young children, paying school fees or paying for medical treatment. A bad credit rating can also hinder your attempts to get insurance, rent a home and sometimes get a job.

Repair Your Credit

If you are facing problems such as these, you should consider trying to repair your credit rating. Credit repair is a general term often applied to the controversial practice of improving or rehabilitating one's financial reputation (creditworthiness) among creditors. To improve a credit rating damaged by poor credit habits, in the long run only one thing will work: changing those habits.

Making arrangements with the creditors to repay them is often one of the steps in improving one's credit habits. Creditors may accept slow payment schedules, as an alternative to writing off the debt. In some cases, creditors may accept a less-than-full repayment (pennies on the dollar). The key here is contact with the creditor and taking action to retire the debt.

At the same time, reviving an old debt that is no longer collectible can actually do additional damage to one's credit reputation. It is best to be aware of the circumstances regarding the debts collect-ability, statute of limitations, and legal and illegal collection practices, before contacting a creditor on a very old debt.


In December 2003, Congress passed the Fair and Accurate Credit Transactions Act (FACT Act), which included the right to a free annual credit report on request and a number of provisions designed to improve the accuracy of credit reports.

On June 4, the Federal Trade Commission finalized its rule for implementing the new consumer right to a free credit report, rolling it out over a nine-month period, beginning on the west coast in December 2004 and finishing on the east coast in September 2005.

From 1994 to 2004, the state PIRGs and other consumer organizations have issued numerous reports showing that sloppy credit reporting agency practices are at fault for errors in consumer credit reports.

Inaccurate credit reports could damage 1 in 4 consumer's ability to buy a home, rent an apartment, obtain credit, open a bank account, or even get a job.

Magnum No Fax Cash Advance Hassle Free Fax free Loan Within 24 Hours

Magnum No Fax Cash Advance – Hassle Free, Fax free Loan Within 24 Hours

A Magnum no fax cash advance is an easy and convenient means of getting money as and when required. During emergencies, these cash advance services equip you with better opportunities to access money without any trouble. After all, when emergencies arise, you hardly have time to complete the loan formalities. If the due date to pay for these unexpected expenses is within the next 24 to 48 hours, there is no time to visit lenders in person and then fax different types of documents to them. Instead of running for papers and to your local lenders, seek help from a fax free, hassle free Magnum online cash advance loan.

What Is A Fax Less Magnum Cash Advance Actually?

A no fax Magnum cash advance is the cash advance service for people who need a small loan, ranging from 100 to 1000 for a short term. Lenders dealing in Magnum cash advance or payday loan accept an online loan request. These lenders release their customers from the conventional and lengthy formalities of loan application. To apply for Magnum payday loan, you just need to fill an easy online application form. The loan application procedure takes a few minutes and ends at submitting the form. Yes, once you furnish the form with all the essential and accurate information, it requires no more formalities such as faxing papers or meeting lenders. With the Magnum no fax cash advance, the cash will be in your account on the same day or overnight.

No Long Drawn Procedures – Instant Application, Instant Cash

A Magnum no fax cash advance is the best way to collect money for urgent expenses and avoid long drawn loan procedures. When you fill a loan request form, you are asked for some fundamental information to match the loan criteria. Magnum payday lenders set the simplest loan conditions which entail the following:-

Valid US citizenship.

Age not less than 18 years.

Steady source of monthly income.

Savings or checking bank account.

These lenders approve the loan request without checking the applicant’s previous credit payment record. This is one of the reasons why lenders do not require their customers to fax documents to them and the loan is easy to obtain during emergencies. Hence, this no fax cash advance service is extremely popular amongst people with a bad credit record. Also, a Magnum no fax cash advance helps them correct their blemished credit reports as they can clear their pending dues with the sanctioned loan amount.