There are a number of options available for those people who have fair credit. You won’t have as many advantages or loans available as those with good credit. Customers who have been classified as having a 'fair' credit profile have features including a few changes of employer in a short space of time, being self-employed for a few years or less, inaccurate address history due to changing of address.
Other aspects include regularly applying for credit, carrying a fairly high level of debt, missing a few payments or even being late with payments over a number of years and having no CCJs.
Yet you might not even need a credit rating if you want to qualify for a loan. Payday loans are short-term cash flow solutions with a vast majority of online companies and lenders offering instant quick fix cash answers, providing you have the money to repay.
This can be important as you may need it for a number of reasons from paying utility bills to fixing the car and even some spending money for going on holiday.
Sometimes it is often the case that people have spending emergencies and are in desperate need of money ahead of their monthly salary. Originally an American concept, payday loans have had a bad press but they have now served more than 10 million people in the US and many more in the UK borrowing billions of dollars.
You must be careful regarding the high APR rates. The number is extremely high because the loan is for such a short period, but nevertheless it can certainly help you to get out of a tight spot when money is scarce.