Lending For Bad Credit Personal Loans Review
As the name suggests, Lending For Bad Credit is a lender that focuses on loans for people who have bad credit. It is a marketplace that brings together the best options for people who have a subpar credit history. You can quickly find lenders that will work with you despite your poor credit history.
The company has been around for a few years now and is becoming more and more popular. This review will showcase all of the main aspects associated with using Lending For Bad Credit.
|Loan types||Bad Credit Personal Loans|
|Repayment terms||2-72 months|
|Minimum credit score||300|
People who want to get quick access to funds, those who have bad credit and want to assess the array of available options.
- 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
- APRs can be high
- Not too much info about lenders
There is a very simple process at Lending For Bad Credit if you want to see what sort of personal loan you can get. The pre-qualification process takes less than two minutes to complete. You just need to fill out a simple form and see what sort of loan you are eligible for.
There will be no hard credit check necessary at this point in time. As Lending For Bad Credit is a marketplace you will often get access to a range of different options that you can check out.
If you wish to proceed and get a loan from a particular lender, you will usually need to provide a bit of extra information and some documents like pay stubs and a copy of your photo ID. Once you review the loan documents, you just need to sign them and you’ll be good to go.
It usually doesn’t take long at all for Lending For Bad Credit to approve an application, so you can often have your funds on the following business day in some cases.
Terms & Requirements
As Lending For Bad Credit is a marketplace, a variety of different lenders will be available options for borrowers. It deals with people in every state.
Each lender will have its own set of terms and requirements when it comes to personal loans. Therefore, it is hard to give specifics regarding the specifics of the loan options. We have given you a broad overview of what you might expect when using Lending For Bad Credit.
While Lending For Bad Credit is a marketplace and each individual lender will have its own rules, there are some general requirements usually in place. This includes borrowers being at least 18 years old.
They usually need to have a monthly income of at least $1,000, have a valid phone number, have been employed for at least four weeks, and have a bank account in their own name.
The APR rates will vary depending on the lender and your specific situation. As you will be looking at loan options when you have a bad credit score, the rates might often be quite high. The exact APR can vary depending on your credit history, employment history, and where you live.
Some of the lenders that you come across on the Lending For Bad Credit marketplace will charge the likes of origination fees, while others will not have such charges in place. Generally, the loan sizes available through Lending For Bad Credit will start at $100 and go up to $40,000.
The term lengths vary depending on which lender you decide to go with after using Lending For Bad Credit. There will usually be late fees in place if you miss a payment.
Privacy & Security
Lending For Bad Credit takes the privacy of its customers very seriously. It will never share your sensitive data without your permission. All of the communication that people do through the Lending For Bad Credit platform is fully protected thanks to the 256-bit encryption that is in place.
Lending For Bad Credit is a member of some trusted bodies across the US, including the Online Lenders Alliance.
The Lending For Bad Credit website takes a very minimalist approach. You won’t be inundated with all sorts of information. Instead, everything will be kept clear and concise. For people who might have some questions about a particular aspect of the Lending For Bad Credit offering, there is a FAQ section available.
If you wish to speak with the customer support team, you can ring them by phone during regular working hours. There is also an email form that you can submit, while others might want to send physical correspondence by mail to the company’s headquarters in Kansas.
Lending For Bad Credit is a marketplace that specializes in showcasing lenders from which people with bad credit can possibly get a personal loan. There is a good range of loan sizes that you can get, with the process of pre-qualification taking less than two minutes and not requiring any form of hard credit check.
6709 W. 119th Street #338, Overland Park, Kansas 66209