Are People With Bad Credit Ratings Still Eligible For A Loan? Having a poor credit record is not something you would be proud of certainly, but this should also not make you feel so desperate especially if you are thinking of applying for a loan. Loans are easily the first option for those people who are in need of money urgently. This is not a shocking truth as the difficult economic situation we all have right now actually makes it really hard and even impossible for so many of us to have extra cash. Most people are relying on their salaries to pay their bills and cover any other expenses. And so, whenever there are emergencies or unexpected expenses to make, looking for a place to borrow money is the instant solution. While there really are many types of loans available out there, you might still be wondering if you could be approved for one despite your negative credit record. As we all may know, banks only make their lending products available to those borrowers with outstanding credit scores. These financial institutions have very strict lending rules and plenty of requirements to make sure that they only approve the loan applications of eligible borrowers. What this means is that should you have some unsettled debts, you are not going to be considered a candidate for long term or personal bank loans. But you shouldnâ€™t lose hope, as there are some other types of lending products that will allow you to borrow money regardless of your bad credit record. Payday cash advances are now considered as one of the most valuable mending products, especially to those who are not qualified for bank loans. There are several reasons why you may find it favorable on your part to apply for WhiteLoans payday loans, for instance. First of all, you will not be asked to present your credit report during the application. Payday lenders do not care much about the applicants background in terms of borrowing money. What these lenders do care about is the borrowerâ€™s capacity to pay back the cash advance. And so, when you apply for such a loan, you would need to send a proof of employment along with the application form. It is a must that you have a stable job and a consistent source of monthly income. Another simple requirement is that you have to have an existing bank account where you will receive and pay the money. Needless to say, these requirements are very easy to fulfill, plus the processing of your payday loan application will take just a couple of hours. All these considered, you will agree that payday cash advances are the best types of loans available to you.