Lending For Bad Credit vs. Next Day Comparison

6.99-35.99%

5.99-35.99%

$100-$40K

$100-$40K

• Marketplace

• Marketplace

• Unsecured Personal Loans
• Fixed-Rate Personal Loans

• Secured Personal Loans
• Unsecured Personal Loans
• Fixed-Rate Personal Loans

• Credit Card Refinance
• Debt Consolidation
• Major Purchase
• Medical Expenses
• Household Expenses
• Relocation
• Vacation
• Wedding

• Car
• Credit Card Refinance
• Debt Consolidation
• Home Improvement
• Major Purchase
• Medical Expenses
• Relocation
• Car Bike Loans
• Vacation
• Other

• Funds direct deposited often within a single business day
• Ability to compare a range of different options
• Helps people with bad credit to get a loan
• Good range of possible loan amounts

• Fast form-submission process
• Users can see lenders’ proposed terms and interest rates before agreeing to a specific loan
• Funding in as little as 24 hours

• APRs can be high
• Not too much info about lenders

• Interest rates could be as high as the borrower’s state of residence allows or even higher if the borrower gets connected with a tribal lender exempt from state caps on interest rates
• Could result in multiple credit inquiries
• Next Day Personal Loan does not have dedicated customer support available to users