Bad Credit Loans is one of the oldest loan companies around, the company was set up in 1998 to help those with poor credit ratings get loans when they need one. Bad Credit Loans isn’t a lender but they’re able to match consumers with potential lenders. However, those with a short credit history can also struggle to get loans so this company aims to help those people too.
The company is dedicated to assisting consumers to find the right lender for them while also acting as an educational resource. The blog section includes a range of posts such as distinguishing financial predators from legitimate lenders and what credit score has to do with loans. Bad Credit Loans has a detailed blog section to answer common questions and to assist even the most experienced lenders.
Bad Credit Loans might not sound like the most trustworthy name for a company but it has a lot going for it. We’ve isolated the best features of this website and listed them here for you:
Personal Information: Bad Credit Loans is up-front about how they use and share your personal and private data. Most websites make this difficult to find and use complicated words to ‘explain’ what happens to the information. Bad Credit Loans has a link on the homepage so you can read what they do with your data in an easy to understand way.
Fast Approval Process: Placing your loan request is simple and easy. The form is available on the homepage and just needs you to input the amount you need before inserting the rest of the needed information. Loan vendors will verify the information and send you an offer for you to review without being obligated to accept it. After approval, the money can be with you as soon as the next business day.
Educational Resource: Finding the blog isn’t too easy but this website has a great blog section filled with educational material. There’s a lot of articles dedicated to explaining different types of common loan scams and how to identify them along with articles to answer common credit questions.
Up to 60 Month Repayments: Unlike most other payday loan online websites, loan terms on this website can range between 3 months up to 60 months. This means you can set the loan term to be up to 5 years. Not all loan vendors can offer this, however.
- Incredible education resources
- Full disclosure about what happens to personal information
- Easy application form
- Multiple loan offers
- No obligation to accept the loan
- No fees to use the Bad Credit Loans service
- Can have high APR rates from lenders
#3. CashUSA: Quick Approval For Payday Loans
Considered to be one of America’s most trusted collections of lenders, CashUSA has been operating for several years now. Instead of only listing large lending companies, this online marketplace also includes smaller third-party lenders. Unlike many other options, CashUSA also includes state and Tribal lenders in their online network.
Requesting a loan on this website is simple though it does take a little longer than many other options on this list. The loan request works similar to other online lending portals where the potential lenders will look at the request and send over an offer. CashUSA ensures only relevant lenders see the personal information. This means the service goes through the different lenders and tries to only connect hopeful customers with a lender that can give the required loan offer. There’s no obligation to accept any loan offers through this service.