Life is rough at times, and everyone goes through their “financial dark days” at one point or another. And given the numerous financial emergencies that can overwhelm you without notice, it’s not at all surprising that nearly a third of American adults have “bad” or “poor” credit ratings.
Lenders know that just because someone has a below-average credit score, that doesn’t mean they are unable or unwilling to repay their loans. That’s why many bad credit personal loan options exist today.
What Is a Bad Credit Personal Loan?
A personal loan is an unsecured loan from a private lender that you repay in predetermined monthly installments. These kinds of loans are very flexible in terms and are often approved even for those with bad credit histories.
Some benefits of bad credit personal loans through Bonsai Finance are as follows:
- No collateral is needed.
- Approval is almost guaranteed.
- No credit check will be run.
- Monthly installments are based on income.
- Auto-withdrawal prevents late payments.
- Cash is direct deposited to your account.
- You get the money within one or two business days.
- You can use your loan money any way you please.
- Rates and fees are lower than most payday loans and some credit cards.
A bad credit personal loan is a fast, simple solution to get you the cash you need to deal with unexpected expenses. Loan amounts may range from $1,000 to $5,000 and terms from a few months to a few years.
There are many situations where a bank loan would not get approved (even with good credit) but a personal loan will.
Why Get Your Bad Credit Personal Loan Through Bonsai?
Bonsai Finance was founded with one purpose in mind: to provide competitively priced financing options that even those with bad credit would have no trouble getting approved for.
We seek lenders that make their rates and fees much affordable. We also work so the lenders we work with will work with you to ensure you will be able to pay back your loan on time. In fact, our lenders will endeavour to tailor their personal loan principles and installments to the borrower’s ability to repay.
Our online application process is extremely fast and simple. Just enter basic personal and financial information (only what is relevant to the loan you are applying for). Then your loan will be considered for approval instantaneously, or within a few seconds. The entire process may take only a few minutes.
Bonsai Finance has earned a reputation within the industry for clarity. We are the name you can trust to treat you with respect, help you find reasonable, flexible terms for your borrowed cash quickly.
If you are in need of a fast-cash loan but don’t have great credit and don’t want to use your car or other valuable possessions as collateral, a bad credit personal loan through Bonsai Finance could be the answer.