- Apply For $50 – $1,000
- Fast Payout
- No Fees
- Secure Application
- Available 24/7
- Bad Credit
When you have bad credit, there’s a huge chance for your loan application to be declined, so where do you turn to?
When looking out for financial assistance and you need it in the soonest possible, getting a quick loan online is one of your options. It may not always be the best because of the exorbitant rates; however, it can relieve your financial distress easily and swiftly.
How To Get A Loan With Bad Credit
Shopping and comparing various lenders should be the first thing you should do. It means checking as much lenders as you can and finding out who offers the lowest interest rate and most flexible payment terms. It’s also worth reading the reviews they have from their previous clients; this way, you’ll know more about their service and whether you should consider them or not.
You can also ask the people you know for a referral. Chances are, they’ve been in the same situation and they know a lender who has catered to their special case. After all, not all lenders are willing to accept borrowers with bad credit therefore, it’s just right to spend a few time researching for your lender.
Once you found the lender, check their requirements and see if you can match all of it. If not, then it’s best to look for another loan provider instead. It’s important that you are careful when submitting a loan application as this may hurt your credit even more and affect your future financial plans.
Now, fill out the application form found on your lender’s website with necessary details and submit. A verification call or email will follow afterward and this will help your loan provider decide whether your loan application is approved or not. If you are granted the loan, the money will be sent to your bank account on the same business day or in a matter of hours.
If you need some extra funds but worried that you might not be eligible for a loan, you’d be interested to know if there are ways for you to get money as quick as you can without having to process a loan application. There are a number of ways that you can raise the funds that you need and below are just some of the ways that you can do it.
How To Get Cash Fast
If you are in dire need of cash, asking a relative or a good friend to lend you what you need can be a good option. The best thing about this arrangement is that they’d be willing to lend you what you need minus the interest. Just see to it to pay off the amount on the agreed date. You wouldn’t want to ruin your relationship with them by not paying what you owe on time.
Ask for an extension
If you have a bill with a fast approaching due date and you just know that you won’t be able to make the payment on time, you can always call the company. Explain your situation and ask if there is a way for you to get an extension. A lot of companies will be happy to work out an arrangement for you and might even agree to scrap the late fees.
Sell something valuable
You might own something that you can sell for a good sum. For instance, rare coins, stamps, baseball cards, old stereos, or even an old cell phone might fetch a good price. Look around and see if there are items that you no longer use but are still valuable so you can get them sold either locally or online for some quick funds. A yard sale is not a bad idea either if you have collected a ton of stuff over the years that you are not really using anymore.
Talk to your employer
There are companies that might allow you to get an advance payment of your wages. There are even those employers that offer employee assistance programs where loans are granted to workers that are strapped for cash and have emergency costs to cover. Usually, they might not charge any interest and if they do, often the numbers would be low so paying it back should not be hard to do.
Take on some side jobs
There are a lot of side jobs that you can do these days which might give you the benefit of some extra funds. Check online and see if there are adverts for jobs that offer some quick compensation. Among these include manual labour, writing, design or creative work, event coordination, or even house or pet sitting. Then you can get the funds you need without having to take out a loan.
Frequently Asked Questions
Must I Have A Guarantor?
Usually, lenders would require a guarantor for borrowers with poor or no credit history. A guarantor will serve as an added security if in case the borrower defaults on the loan. Since unsecured loans don’t have collateral, it is an added risk for lenders. However, if your credit is in good shape, lenders will often approve you without having a guarantor.
Is there complicated requirements I must provide?
No. The application process is simple and straightforward. All you need to provide is your personal information, proof of income, and employment verification. You also need to provide your checking account information where the money will be sent to. Other than that, you don’t have to provide any complicated documents or requirements to get approved.
How Fast Can I Have The Funds?
The entire process can be completed in as fast as 15 minutes. Getting the results of your application will only take a few minutes. So you don’t have to wait hours or even days to get approved. You can have the funds immediately and we’ll send you a notification once everything is good to go.
What If I Miss My Payment?
We understand that such things could happen. While some lenders may be lenient for one or two months, however, missing your payment could result in serious consequences. It could affect your credit badly and the lender may incur additional charges or fees as penalties for late payments.
You will receive the payment through direct transfers immediately to your checking account. Once approved, the money will reflect on your account within seconds. You will receive a notification once your application results are in.
Got questions? Let us know.