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If you find yourself running on empty and in need of a cash injection, taking out a personal loan can often be a great option for those looking to consolidate debt, cover an unexpected medical bill, deal with a home improvement project, pay for a car repair, or virtually any other type of expense.
However, the problem with applying to traditional lenders is that most of them tend to take too much time to process your application, and on top of that, several of these lending institutions will usually require you to present a good or excellent credit score just to approve your loan application. This, in turn, can often limit your options and threaten to complicate your situation in more ways than one, especially if the matter demands urgency.
Luckily, you can always utilize US Bad Credit Loans’ lending network to find and compare some of the most favorable loans in the market, as well as secure yourself the funding that you need in as little as 24 hours. Plus, with their lenders being open to all credit types, this means that even with a less than stellar credit history, you still have a good chance of being approved for a loan without having to put up any collateral either!
US Bad Credit Loans Overview
Rather than wasting your time trying to call up dozens of potential lenders individually, you can take advantage of US Bad Credit Loans’ online platform to quickly find and compare a wide variety of loan options from local providers. The online service features a fresh, up-to-date design with swift load times that allows you to review loan offers from more than 100+ lenders without having to put up any collateral in the process.
You can apply for payday loans, title loans, personal loans, cash advances, and plenty of other options, all of which come with highly competitive rates and a broad borrowing limit that ranges between $50 and $35,000. And since the company has such an expansive lending network, this means that even those with a poor credit rating can easily find a loan provider that is willing to approve their application.
Furthermore, the lending network also doesn’t charge any upfront costs, which effectively exempts you from the burden of having to pay a fee to access any of its services round the clock. On top of that, US Bad Credit Loans also provides high-end data security for all personal information that is submitted on their platform using advanced encryption technology, thereby ensuring complete privacy and confidentiality for all borrowers.
How to Apply for a Loan with US Bad Credit Loans?
#1. Confirm Eligibility
In order to qualify for a loan from US Bad Credit Loans’ lending network, you will first need to confirm that you are a U.S. citizen, over the age of 18, with an active bank account and a steady source of income. You will also need to be prepared to submit your income details, banking information, as well as basic personal information (e.g. phone number, home address, etc.).
#2. Submit Application Details
The next step is to fill out an online application form that should only take about 5 minutes or less to complete. You will be able to apply for a loan from $50 to $35,000, at which point your details will be submitted to a panel of over 100+ lenders who also happen to accept bad credit applications.
#3. Review Your Loan Offers
The platform will then list all the potential lenders and their loan offers, thereby giving you the opportunity to compare the best rates in the market. You should also keep in mind that while you will be presented with multiple lender options, there is no obligation to pick one if none of them satisfies your needs. Once you have made a decision on which lender to partner with, you will need to review and formally accept their terms and conditions, at which point your loan will be processed.
#4. Await Your Funds
In most cases, you can expect the funds to be deposited into your checking account in as little as 24 hours, but this can sometimes vary depending on the day you applied for the loan, as well as your bank’s processing times.
Why Should You Use US Bad Credit Loans?
1. Trustworthy Lending Network
With over 100+ vetted lenders across the country, US Bad Credit Loans offers borrowers access to some of the most reliable and trustworthy lenders in the market, most of whom aren’t overly focused on your FICO score, but rather your level of affordability. In other words, as long as you can prove that you can afford to repay the amount you want, you should be able to secure funding from their lending network without much hassle.
2. Easy Online Access 24/7
Unlike borrowing from traditional lenders, US Bad Credit Loans doesn’t require you to visit any physical branch to submit any paperwork. You can submit your loan application online from the comfort of your own home, thereby allowing you to avoid the long wait times often experienced in local bank/credit branch locations. Furthermore, since the application process is designed to be simple, straightforward, and online, this means that you can apply for a loan at any point throughout the day and expect to receive a decision within minutes.
3. Guaranteed Data Security
All borrowers can have complete trust in US Bad Credit Loans due to the website’s high-end privacy and security measures that are designed to protect your personal information from any unknown third parties or hackers. Also, since the company does not keep any record of your personal details submitted through their online service, this means that you can rest assured that all your personal details will only be shared with the loan provider that you are directly matched with.
4. Fast Loan Processing Times
US Bad Credit Loans’ lending network prides itself on its speed and efficiency, as you can often expect a decision on your loan application in as little as a few minutes, with the funds deposited in your checking account in as little as 24 hours after approval. This makes them a great option for those in need of an urgent cash injection to deal with an unexpected emergency or expense, compared to traditional lenders who will often take days, if not weeks, to fully process your loan request.
What Services Does US Bad Credit Loans Provide?
1. Bad Credit Loans
Bad credit loans simply refer to short-term loans that are available to borrowers with a less than stellar credit score because most bad credit lenders will typically focus more on the borrower’s level of affordability rather than their creditworthiness. This form of lending can also be processed much faster than typical loans, which makes them ideal for covering unexpected costs like a car or home repair.
2. Installment Loans
An installment loan is basically a loan that one pays off over time and usually comes with a predictable payment schedule. They also typically come with a fixed interest rate, and each monthly payment is usually the same. This in turn makes them highly suitable for making large purchases like a car, or even consolidating large amounts of debt.
3. Personal Loans
A personal loan is a lump sum of money that is borrowed from a financial institution to be used for almost any purpose. This type of loan doesn’t require borrowers to put up any form of collateral, and it often comes with extended repayment periods that can range from a few months to a few years, with the debt meant to be repaid in monthly installments.
4. Payday Loans
Payday loans are typically short-term, unsecured loans that are meant to help you cover any urgent cash needs until your next paycheck arrives, hence the term “payday”. As a result, they are usually meant to be repaid in full and are typically due within two to four weeks from the date of deposit. They also tend to be characterized by extremely high triple-digit APRs, which is why they are notorious for being difficult to repay.
5. Same Day Loans
Same day loans are just another form of unsecured short-term lending, with the main difference being that these loans are typically dispersed on the same day of approval. As a result, the loan amounts often tend to be limited and usually come with a short repayment term of between 3 and 12 months. They also come with very high interest rates but are a convenient option for dealing with unexpected emergencies that need to be addressed immediately.
6. Title Loans
Title loans, also commonly referred to as auto loans, are a type of secured loan that usually requires borrowers to put up their car as collateral, in order to borrow money. As a result, even borrowers with poor credit ratings can secure funding, with the lender typically facilitating up to 50% of the vehicle’s current value. In most cases, repayment is usually expected to be made within 15 or 30 days, otherwise, lenders can effectively repossess your car.
7. Cash Advances
Cash advances are short-term loans that are usually offered by your credit card provider, and they basically involve borrowing money against your card’s line of credit. As such, they tend to be easy to obtain but can be extremely limited in terms of how much you can borrow, making them quick-fix solutions for small financial emergencies. They also tend to come with hefty fees and high APRs that typically start accumulating from the moment that you withdraw the cash advance.
8. Quick Loans
Quick loans are a form of instant, unsecured financing that is typically processed and deposited within a few hours of application. As a result, they tend to come with low loan limits and require very minimal documentation for approval, which makes them a viable option for those with a bad credit history. On top of that, the interest rates on these loans tend to vary depending on the loan amount, credit history, and repayment tenure.
What Information Do I Need to Apply?
The benefit of using US Bad Credit Loans is that the loan application process is fairly simple and straightforward. However, in order to qualify for a loan from the company’s lending network, all borrowers will first need to provide a fair amount of personal data and financial details in order for their application to be reviewed. And while the particular forms that you need to submit may vary depending on the lender, the general documentation that you should always have ready to present include;
- Name and date of birth
- Physical address/length of stay
- Phone number
- State ID or Driver’s license
- Employment details
- Social Security number
- Monthly earnings report
- Credit report
- Military service status (if you served or are still in service)
As mentioned before, you may also be required to upload additional documentation like past tax returns, marital documents, etc., as lenders may want to get a clearer picture of your personal and financial situation before making a decision on your loan application and, in some cases, even after approval. You should also keep in mind that being prepared and presenting all the requested documents will often speed up the application process, thereby allowing you to borrow money much more quickly.
FAQs
1. Is US Bad Credit Loans Legitimate?
US Bad Credit Loans is a highly reputable and authorized credit broker that has been in the lending industry for years, facilitating online loan application services for an extensive client base that is comprised of borrowers with and without good credit histories. Moreover, the business does not violate any United States laws and regulations, which makes them a legitimate and trustworthy broker service for all your borrowing needs.
2. How Safe Is US Bad Credit Loans?
As a reliable and trustworthy credit broker, US Bad Credit Loans always takes extra care to ensure that any data that passes through their online platform remains confidential and protected using high-end encryption technology. This means that they also do not share your personal details with any third-party entities, nor do they store any of your information on their systems. As such, you can rest assured that the information you submit online will be kept secure and only shared with the loan provider to ensure that you are matched.
3. How Fast Can I Get an Online Loan from US Bad Credit Loans?
Borrowers that use the US Bad Credit Loans lending network to apply for a loan can usually expect to receive a decision on their loan application within minutes, and if approved, their funds will usually be deposited within 24 hours. However, keep in mind that this can sometimes vary depending on the day that you applied for the loan, as well as your bank’s processing times.
4. Is a Soft or Hard Credit Check Required for US Bad Credit Loans?
The benefit of using US Bad Credit Loans’ online service is that their lending network will only need to conduct soft credit checks. This means that as their panel of lenders assesses your creditworthiness, you don’t have to worry about it negatively impacting your credit rating, which is in contrast to traditional lending institutions that usually conduct hard credit checks.
5. What Should I Do If I Can’t Repay My Loan?
If you discover that you are unable to make your repayments on time, the first thing that you need to do is to contact the loan provider and inform them of your financial situation. Most online lenders will charge late payment penalties and fees, but by keeping your lenders informed of the matter before the cut-off date, you may be able to come to an agreement, as some lenders may even be open to discussing alternative repayment options.
6. How Much Money Can I Borrow from US Bad Credit Loans?
If you intend to take out a payday or installment loan from US Bad Credit Loans’ lending network, you can borrow up to a maximum of $5,000. And if you want to borrow a personal loan, you will usually be able to take out up to a maximum of $35,000. However, you should also keep in mind that the exact amount that you will be eligible to borrow is typically determined by a variety of factors, like your level of income and affordability.
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