Each lending partner will have their own loan terms and requirements. However, most lenders require borrowers to make at least $1,000 a month and be currently employed (or self-employed). Borrowers may also need to have a current bank account and valid contact information (phone number, email, and physical address). These requirements are fairly lax for the industry, though they’re standard for other bad-credit lending platforms.
Lending For Bad Credit Personal Loans Review
Lending For Bad Credit is an online platform that connects borrowers with direct lenders and lending institutions offering personal loans and cash advances. The company has a user-friendly website and is transparent about their terms and conditions. The application process is easy and the time to funding is typically fast — often within one business day.
Lending For Bad Credit Personal Loans Highlights
LOAN AMOUNT
$100 - $40,000
MIN CREDIT SCORE
300
FUNDING TIME
1 days
ORIGINATION FEE
None
PREPAYMENT FEE
None
OTHER FEES
N/a
SOFT CREDIT PULL
Yes
LENDER TYPE
Marketplace
Pros & Cons
- Loan amounts up to $40,000 are available
- No credit check or fees required when requesting a loan
- User-friendly website with transparent information
- Fast and easy process with quick funding times
- Specific rates, terms, and fees may vary depending on the lender
- Borrowers with limited income or bad credit may not qualify for the highest loan amounts or best rates and terms
- Not a direct lender
Personal Loans Types
- Unsecured Personal Loans
- Fixed-Rate Personal Loans
Loan Purpose
- Credit Card Refinance
- Debt Consolidation
- Major Purchase
- Medical Expenses
- Household Expenses
- Relocation
- Vacation
- Wedding
Lending For Bad Credit Personal Loans Terms & Requirements
How to Apply
Lending For Bad Credit does not make lending decisions, but can connect you to their lending partners. To begin, click “Get Started” or “Start Now” on the website’s homepage. This will direct you to the application process, which takes a few minutes to complete. Here’s what you’ll need at this stage:
- How much you want to borrow
- Reason for the loan
- Approximate credit score (range)
- Employment status (ex. Employed, unemployed, benefits)
- Payment schedule (ex. Twice a month)
- Monthly income (range)
- Whether you have a checking account and direct deposit
- Zip code
- Mailing address
- Whether you own or rent your home
- Time at your current address
- Email address
- Whether you have a vehicle registered in your name (and if it’s paid off)
- Military affiliation (if any)
- Current amount of debt you have
- First and last name
- Date of birth
- Phone number
- Social Security Number
Step 1
Welcome screen
After following the prompts, click “Submit.” Lending For Bad Credit may perform a soft credit pull to check your credit score, but this will not affect your credit. The company will then show you several loan offers from lenders in their marketplace, based on your application.
If matched with a lender, you will either receive a call from them or be redirected to their website to complete their loan application. Review the loan’s terms before agreeing to anything. Applying for a loan at this point could affect your credit score. You could receive funds to your account within a business day of being approved and accepting an offer.
Qualification Requirements
- $1,000+ monthly income
- Currently employed or otherwise receiving income
- Minimum credit score (depends on lender)
- Physical address and other contact information
- Active bank account
- Min. age: 18
- Permanent resident or citizen
Required Information
You’ll need to provide some basic personal information, such as your full name, contact information (phone number, email address, mailing address), date of birth, and SSN. You may also need to provide documentation verifying your income, employment status, and residency.
Application Steps & Time Frames
- Complete the online application form. This is free and takes a few minutes.
- Get matched with a lender in the marketplace and review the information carefully.
- If eligible for financing, apply for the loan and sign any required loan documents.
- Receive funds as soon as one business day. This has become more standard in the industry.
State Availability
Available in all states
Privacy & Security
Lending For Bad Credit is a secure platform in which borrowers can apply for loans or cash advances, review possible offers, and request additional information. The business is not a direct lender, so every lender or lending partner within the network will have its own privacy and security policies. Most of these lenders must follow federal and state law, but some adhere to federal and tribal law only. Any disputes with tribal lenders may have to be resolved within the appropriate tribal jurisdiction.
Lending For Bad Credit has a secure online website and application process. But like many other indirect lenders, the company may collect and sell your personal information to its network. They mainly do this to help find you the best lenders and offers for you.
Typically, the marketplace lenders must follow the Truth in Lending Act (TILA), which helps protect borrowers from unfair billing practices. TILA also requires lenders to clearly display loan costs so that borrowers can compare different loan offers with accuracy.
Lending For Bad Credit is not rated or accredited on the Better Business Bureau (BBB). The company does appear to be legitimate, but there is limited information on their reputation regarding privacy and security. That said, the business does have digital safeguards in place to protect your information. They are also transparent about what types of information they collect and how they use it.
Customer Support
There are three main ways to contact Lending For Bad Credit:
- Online contact form
- Snail mail
- Phone
When you submit the online contact form, you’ll need to provide your name, email address, and a message. It can take a couple of business days to receive a response. If you need a faster response, call the company at (833) 321-7764. The business hours are not clearly listed anywhere, but you may be able to reach them during regular hours Monday through Friday (Central Standard Time).
Lending For Bad Credit does not have an online chat form. They also do not offer a call back option or have a specific time-limit promise.
Since this is a referral service, the customer service is somewhat limited. Your experience with individual lenders within the network may vary.
Phone Support
(833) 321-7764
In Conclusion
Lending For Bad Credit is a loan aggregator that makes it easy to compare personal loan and cash advance offers from different lenders in their network. These lenders (and any other financial service providers) are verified and located in different states throughout the U.S.A. The company specifically works with borrowers with bad credit or limited credit history. It’s also possible to get a loan through their network if you have fair credit or better.
Overall, Lending For Bad Credit is transparent about what they can — and cannot — do, as well as their privacy policy and terms of service. The downside is that the company has limited financing options and very few (or no) reviews on trusted sites like BBB or Trustpilot. The company also has minimal customer service, though each lender has their own customer service team.
FAQ
Lending For Bad Credit does not offer direct loans, but you could qualify for personal loans or cash advances through their network of verified lending partners. Loan amounts range from $100 to $40,000.
There may be a credit check when you apply for a loan or cash advance through a specific lender.
No, there are no fees for using the company’s services. Individual lenders may charge their own fees, such as late fees, interest charges, no-payment fees, etc.
Lending For Bad Credit Disclaimer
THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not broker loans to lenders and/or lending partners and does not make cash advances or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender and/or lending partner and does not endorse or charge you for any service or product, but may receive compensation from the lender and/or lending partner for forwarding your information to them. In some cases, you may be given the option of obtaining a loan from a tribal lender and/or lending partner. Tribal lenders and/or lending partners are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender and/or lending partner, please understand that the rates and fees may be higher than state-licensed lenders and/or lending partners and you may be required to agree to resolve any disputes in a tribal jurisdiction. Additionally, your information may be going to an aggregator and not a lender and/or lending partner. Your information can be sold multiple times leading to multiple offers from lenders and/or lending partners, and other marketers. Lenders and/or lending partners who buy your information may supplement it with additional information about you that they obtain from other sources. Not all lenders and/or lending partners can provide your requested type of loan and/or loan rate or terms, and we make no promises that you will be able to obtain a loan. Cash transfer times may vary by lenders and/or lending partners and local laws. Lenders and/or lending partners may perform a credit check to determine your creditworthiness. In some circumstances faxing may be required. For details, questions or concerns regarding your cash advance, please contact your lender and/or lending partner directly. Lenders and/or lending partners are solely responsible to you for all aspects of any loan request or loan transaction, including compliance with all applicable laws and regulations relating to your loan request form and any agreement or disclosures relating to your loan request form or loan transaction (including any adverse action notices or Truth-in-Lending Act disclosures). If you are not connected with a lender you may be connected with other financial service providers that offer products associated with your selected loan purpose. Residents of Connecticut, New Hampshire, Washington, and Vermont are not eligible to submit a request for a cash advance on this Website. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Short-term loans are an expensive form of credit and not a long-term financial solution. Please use short-term loans responsibly.
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Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.
