Whether it is because you have a thin credit profile, a long history of missed payments, divorce, repossessions, or judgments; having a bad credit makes it rather difficult to obtain a loan. Most lenders are usually reluctant to lend to people who have bad credit because their credit scores and reports suggest that they are irresponsible with their debts, and this increases the risk that the lenders might not get repaid. Fortunately, however, our nationwide subprime lender network provides many options for those who have poor credit or even no credit. Some of the best options for getting a loan despite the bad credit include secured personal loans for bad credit, cash advance loans, car loans, title loans and more.
Nationwide Bad Credit Loan Approvals
-You can conveniently and securely apply for a bad credit loan online.
-You can choose from a wide range of options available.
-With poor credit loans, you get the much-needed cash very quickly; you may receive your funds in as little as one day.
-Most of the loans for bad credit have a flexible repayment schedule; specialized sub-prime lenders can structure the repayments according to your particular pay schedule.
Secured Bad Credit Loans
If your credit score does not impress the banks and such other conventional lenders, the best method to get the money you need is via a secured personal loan. A secured loan basically means that the loan lender has a claim to your asset or property if you are unable to keep up with the repayments. This type of loan is a good option if you have personal property like a home, which can be offered as collateral to the lender. With a secured bad credit loan, you can get higher loan amount, enjoy better interest rates, and a more flexible repayment plan. In addition to that, a secured loan can improve your overall credit score, if you pay it off in a timely manner.
Auto Title Loans
An auto title loan can be described as a personal loan which involves only the title of your vehicle; this means that it does not require you to lose the use of your vehicle. This type of loan can be a viable solution for those who have rather negative listings on the credit file but need access to credit and own a car, truck, motorcycle, or any other type of vehicle with a clear title.
Cash Advance Loans
Cash advances, also known as payday loans, are quite different from the other types of loans for poor credit because the payday lenders do not check the borrower’s credit score. These types of loans are quick, convenient and very useful when you need cash immediately; they can come in handy for emergency expenses, or to avoid late fees and such other bank charges which can be a lot more expensive in comparison. Payday loans basically give you a chance of covering the unexpected expenses. That said, you should know that payday loans are meant for people who have bad credit, but have some kind of employment.
Bad Credit Car Loans
Car loans are quite similar to payday loans in that both of them have instant delivery; your application may go through successfully in just a day or two. These types of loans have become very popular because they help fix a wide range of financial problems. When requesting for a car loan, those with bad credit will most probably need to outline why they need the loan.