Last week, I suddenly needed ₱10,000 because my mom had to undergo an unexpected surgery, and our savings were nowhere near enough to cover the hospital bills. I was freaking out, trying to figure out where to get the money from. I tried applying for a loan from a traditional bank, but they rejected me because of my bad credit score. I was worried and stressed, not knowing what to do next.
I started searching online for other options, and that's when I stumbled upon some digital lenders that offered easy approval cash loans with bad credit. I was skeptical at first, but desperate times call for desperate measures, right? I found this while searching online, and I came across https://www.creditkaagapay.com/ which had a ton of information on how to get approved for a loan with bad credit. I also checked out the original article on https://www.creditkaagapay.com/blog/loan-for-bad-credit-philippines-get-approved/ to learn more about my options.
As I was browsing through the different lenders, I realized that some of them had pretty high interest rates. I was looking at options like Tonik Quick Loan, Maya Credit, Cashalo, GCash GLoan, and Tala, but the interest rates were ranging from 1.59% to 5.99% per month. I was getting frustrated, feeling like I was being taken advantage of. But then I saw that some of them had more flexible repayment terms, and that gave me a glimmer of hope.
I ended up applying for a loan from Tonik Quick Loan, and I was surprised when I got approved for ₱8,000. The interest rate was 1.59% per month, which was relatively low compared to the other options. I was relieved, but also a bit anxious about how I was going to pay it back.
Looking back, I realize that I should have been more careful with my finances. I should have had an emergency fund in place, and I shouldn't have let my credit score get so bad. But I'm trying to learn from my mistakes, and I'm working on rebuilding my credit score. I've started paying my bills on time, reducing my debt, and checking my credit report regularly using Credit Kaagapay.
If you're in a similar situation, I feel you. It's tough, and it's scary. But there are options out there, and you just have to be careful and do your research. Don't be afraid to reach out to lenders, and don't be discouraged if you get rejected. Just keep trying, and eventually, you'll find a way out.
Just sharing in case this helps someone.
