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novia asked in Business & FinanceCredit · 10 years ago

best personal bad credit loan lenders?

who knows the best bad credit loan lenders

11 Answers

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  • Anonymous
    10 years ago
    Favorite Answer

    There are none and if your credit stinks then you do not need one so get a second job and save up some money.

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  • 4 years ago

    1

    Source(s): Low Cost Personal Loans - http://PersonalLoans.ohfos.com/?fiD
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  • 10 years ago

    The personal loan is required for a multiple purposes. May be you want to renovate your house, or expand your business, or finance your child’s expensive higher education. There can be a wedding or some other ceremony at home, or may be you are looking forward for an exotic holiday. Apart form this if you want buy a new car or other automobile or to clear off your older debts and consolidate your past debts into one manageable loan. All these require a lump sum of cash. So you are forced to seek outside help if the expenses are not suitable for your pockets.

    A personal loan can be easily applied with a large number of banks, financial institutions or private lenders. It can be applied offline or online. You need to well understand the terms and conditions of the various lenders compare their policies and offers and then choose the most suitable lender. Online application makes things hassle-free and speedy. And also it helps you gather relevant information about the different lenders.

    A personal loan is also largely dependent on your credit score. The good credit of course brings you an added advantage but the adverse credit is also not an obstacle in availing a personal loan, except that the rate of interest may be little higher. The credit report shows your employment history, your existing source of income, your other loan details and your present outstanding debts in the market. A good credit is an obviously valuable to the lender but truly speaking a credit check is just a formality.

    The rate of interest depends largely on the amount of loan you are applying for. Though the purpose of the loan need not be mentioned to the lender but the amount is definitely to be specified.

    A personal loan can be of various types. Depending on the nature of the loan, it can be divided into two major categories:

    Secured personal loan is usually applied when the borrower needs a large amount of loan and is backed by collateral. As such the lender is having minimal risk in recovering his amount. So he provides very economical rate of interest and long loan term. The monthly installments are also quite nominal and spread over a loan period of time. Another benefit in this type of loan is that the lenders offer great flexibility in repayment term.

    An unsecured personal loan is that in which you don’t offer any security against the loan. Hence the rate of interest are comparatively higher and even the regular monthly installments are also higher.

    Thus depending on the nature of personal loan and the motives of the loan it can be named as secured personal loan or unsecured personal loan, bad credit personal loan or bad debt personal loan. It can be a personal home owner loan or an automobile personal loan.

    It will not be wrong to say that a personal loan is a savior for the borrower as it brings a good flow of cash to meet your personal varied requirements and at the same time improve your financial stability and credibility. It can be conveniently applied for an approved. That’s the beauty of a personal loan. For further and detailed information visit us online today(Please see Sources).

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  • Anonymous
    5 years ago

    For personal loans in the current environment i'd go with https://tr.im/mnwlc not just because I've been working with the company for a while. But because they are a proven leader in this industry for many years. You're not dealing with a small time provider but a large provider who can be flexible with terms, both good and bad scores, many payment options, amounts, and transfer of funds in a short time. Plus its instantly done online. Just be very careful when shopping online. The market in full of companies you dont want to deal with. Best thing you can do is get a quote and see what rates and terms are possible. I personally like the established providers.

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  • Anonymous
    10 years ago

    Hi,

    I found some reputable payday lenders that accept customer with bad credit. But you need to be employed and earning at least $1000.

    The great thing is they offer 50% discount on finance fee for new customers. They will pay you $100 if you refer a friend to them. What a good opportunity to earn some money.

    Check it out at http://toppaydayloan.blogspot.com/

    If you can find a better deal than this, please share with me. Ok?

    Good luck :)

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  • 10 years ago

    You are going to get lots of spammer/scammers responding to your question.

    It boils down to the simple fact that if you have bad credit, you are not going to qualify for a unsecured personal loan from any legitimate lender.

    Source(s): BD
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  • 10 years ago

    I was in a bad financial mess...bad credit etc. I needed to payoff my bills, schools fees for my kids and much more...me and my wife desperately looked for some quick loans to pay off our debts. A friend recommended me https://www.paydayloantree.com. I must say we got a quick payday loan. I've paid off my dues.

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  • Nancy
    Lv 4
    4 years ago

    Most any Consumer Discount Co., in your area will consider your application. They make some higher risk loans, obviously at a higher interest than banks.

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  • Anonymous
    6 years ago

    Check this resource for this list of banks that specialized in giving loans to people with bad credit.

    http://cashquery.com/installment-loans.html

    It may be able to help you

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  • Anonymous
    4 years ago

    I would like to say thank you to Destiny kings Loan finance for all the things they have helped me with. I have a large family, and every time we have had a crisis Destiny kings Loan finance has helped us out. I thank God for the help they have provided to me and my family,email them today at{destinykingsfinance@yahoo.com

    {destinykingsfinance@yahoo.com}

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