My Fresh Credit Loan
- Allows a customer to apply for a high interest payday loan
- Should only be used in times of emergencies and cash is needed ASAP
- Any questions about the site should be directed to firstname.lastname@example.org
The application process should only take a few minutes to complete and the user should receive a decision instantly. My Fresh Credit Loan will look at the following factors when making a decision:
- Income (aka monthly take home pay)
- Credit score of the applicant
- Ability to pay back past loans (home mortgage, auto loans or other payday borrowing)
If approved the loan will be issued as a short-term unsecured loan secured against the applicants future paycheck(s) and funds should be available within 24 hours of approval.
What helps/hurts a credit score?
- Applying for 3 or more credit cards (hurts)
- Credit inquires aka how often the person applies for credit (hurts)
- On time monthly payments (helps)
- Pay the balance in full each month (helps)
- Average balance of revolving accounts is high (hurts)
A persons credit score is their life blood in a Capitalist society and a person should do whatever it takes to keep their credit score as high as possible.