Most people normally look for personal loans due to various reasons - settle their overdue debt payments, bear their cost of their home repairs and improvement for a major celebration, planning for a vacation, and monetize their new business venture. Their main concern is - where exactly they could possibly such financial assistance when they have extremely bad credit history?
The answer is yes - initially, there are few things that you need to know about before applying for such bad credit loans:
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· Most companies which offer such loans are actually acting on behalf of various private lenders who claimed that they are able to approve loan fast - i.e. within 24 hours or less
· Always make sure whether these lenders or loan companies able to grant loans at your area
· Most of these companies could only grant maximum loan amount around $500-$1500 for applicants with bad credit history
· Though lenders claimed that they do not perform credit check on their applicants, they would normally do so at certain circumstances
· Applicants are required to provide their personal particulars including their social security and banking information
· You never have to pay any upfront fee - most legitimate lenders or loan companies are not accepting any upfront fee
· Most of these companies are offering online loan application which targeting wide geographical US potential clients
· Some of these companies are offering free consultation service with the objective of advising their potential clients on which suitable loan package that they should choose
Here are a few loan companies that you can consider if you are looking for a bad credit personal loan:
1. Eloanpersonal.com - One of the reputable online bad credit loan providers. Take note that residents of Arizona, Georgia, Virginia and West Virginia are not eligible to apply for such financial assistance on their official website.
2. Ameriadvance.com - This loan provider would only accept applicants who are currently employed, and they are offering loan package range from $100-$1500. They claimed that they would accept applicants with extremely low credit scores.
3. Nationalpaydayonline.com - Another loan company that you should consider if you are unable to get bad credit loans from non-bank lenders. Bear in mind that their loan service is not applicable in Maryland.
4. Americasbankerdirect.com - They are offering loan amount up to $600 for first-time clients. You need to convince to them that you have the ability to earn at least $1,000 consistently per month, in order to get qualified for their loan deal.
Before you start applying for such bad credit personal loans, you need to be assured that you have the ability to repay your loan punctually as you need to bear the high interest rate applied.