Loans Designed For People With Bad Credit Frequent Asked Questions

Question: My credit is bad and I don't qualify for a regular personal loan, what is required for a payday loan approval?
Answer: Qualifying for a payday loan is much easier than qualifying for other types of credit. No credit checks and generally no faxing of documents is required. There are a few requirement that you will need to meet:

• You must be employed, or have a verifiable regular income.
• Your income must be at least $1000 per month.
• You must be a US citizen, 18 years of age or older.
• Have checking account or savings account with direct deposit.

Question: What are the steps in applying for a loan online?
Answer: The application procedure is easy and fast. Simply click on our apply button or click here, next chose the type of loan that you need. Then fill in the short online application form. Click submit and your application is sent instantly to the lender. Most loans are funded in less than 24 hours, provided that the information that you submit is correct and complete. There are usually no delays unless further documentation is necessary.

Quesiton: How do I know that your site is safe?
Answer: When you click on the application, notice your address bar: it should begin with https://, this means that the site is secure. We take great precautions to ensure that your personal information is transmitted safely between your browser and our site by using 128 bit Secure Socket Layer encryption technology.

Question: Can I get an auto loan even if I have bad credit?
Answer: Absolutely, our lenders specialize in helping people with bad credit obtain auto financing with no hassles.

Question: What amount should I apply for?
Answer: Most financial experts will tell you to only borrow what you need. Over-borrowing creates larger monthly payments and/or a longer repayment period.

Question: What is the interest rate?
Answer: The interest rate depends upon several factors including, how much are you borrowing, what type of loan you need, and your credit rating. After the lender receives your application, he or she, can tell you exactly what the interest rate will be for your specific loan.

Question: Is bankruptcy my only choice if I can no longer manage my monthly expenses?
Answer: Bankruptcy is definitely one option when it comes to getting out of debt, however, most experts advise against this for several reasons. When you are in this situation, the best thing to do is discuss your debt relief options with an experienced debt counselor. You might discuss debt settlement, debt consolidation, or debt reduction plans.

Question: Can I qualify for a loan with no credit at all?
Answer: Yes, getting a loan is the first step. To start out, try taking a small personal loan and making all payments on time. Once you do this over a period of time, no credit becomes good credit. You could also qualify for car loans for first-time buyers. These loans may or may not require a co-signer.

Question: Is a personal loan unsecured or secured?
Answer: Typically a personal loan is unsecured, meaning that you do not have to secure the loan with collateral. Unsecured personal loans are used for paying off large debt with higher interest, helping you children pay for college, or even taking a vacation.

These are some of our most frequently asked questions. Please email us for further questions you may have on our bad credit loan programs and services.

Disclaimer: This website provides a loan service that matches consumers with prospective lenders for short-term loans ranging from $200 to $2,000, as well as long-term loans for amounts greater than $2,000. The operator of this website is not a lender, does not broker loans to lenders, and does not make loans or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender, and does not endorse or charge you for any service or product. The information you provide will be submitted to a participating lender in its network. does not guarantee loan approvals, as the lender will make a decision based upon your individual factors. Typically lenders will perform credit checks with the three credit reporting bureaus: Experian, Equifax, or Trans Union. Credit checks or consumer reports through alternative providers may be obtained by some lenders. Additionally, this service and offers are void where prohibited.
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