What are the best loans for those with bad credit? Are your chances of getting approved for a loan shot if your credit history is damaged? And how do you find your best bad credit loan as quickly as possible?
For answers to these questions, continue reading below! Don’t assume you can’t get the financing you need – Bonsai Finance has the tools to help you find your best available loan offer.
The Two Best Types Of Loans For Those With Bad Credit
Looking for loans for those with bad credit scores? Your best bet is online fast cash loans from direct lenders. These come in two major categories: payday loans online and personal installment loans.
Payday loans are your super short-term loan option. They are good for bridging you over to your next paycheck when you fall a little short. If you need less than $1,000 for only 2 to 4 weeks and can repay in one lump sum by the due date, look for a payday loan.
Personal loans online are better than payday loans when you have a bigger need and also need longer to repay. You can get from $1,000 to $5,000 or more and anywhere from 2 months to 5 years to repay.
Although title loans are another option for some, if you don’t own your car free and clear, you can’t get one. And if you do, who wants to risk the vehicle when you can get a personal loan with zero collateral?
You Have More Options Than You Knew!
A mistake many make when they have bad credit (or no significant credit history) is to assume there are no decent loans available and just grab the first offer they see.
In reality, there are probably literally hundreds of reasonable quick cash loan offers out there that you qualify for. Lenders are competing for your patronage, and they have to beat out the rates of their competition. Granted, interest will be higher than with good credit loans, but bad credit loans cans still give you better deals than the average credit card.
If you know how to look, you can probably best that offered interest rate, find lower fees, get a higher principle, get lower monthly payments, or get additional time to repay.
Here’s How To Find Your Loan Offer Quickly!
Bonsai Finance was started up years ago for one purpose: to fill a gap, a need. That need was basically to act as a loan-matching agency that helps borrowers find their ideal loans. That includes payday loans, personal loans no credit check, student loans, credit cards, and more. “We do it all.”
There was nothing stopping people from looking for a loan, of course, but they didn’t have access to the best tools for finding the right one. Just searching online with keyword search pops up too many websites to explore in a reasonable amount of time. And online review sites are often incomplete and biased. Searching physically throughout a geographic area or in a phone book severely limits your options as compared to searching online.
Bonsai offers high-powered search tools that let you plug in your exact no credit check loan preferences, push a button, and watch the “magic” results. You can refine your search as much as you please, step by step, or all at once. Running several different searches can also be illuminating if you gauge each one differently.
What do you end up with? You will likely find a few top options. You can afford to spend a little time researching these few – that’s manageable. Or, you can speak to one of our online agents via a chat session. We are experts at understanding the market and deciphering the real effects of varying loan terms. We empower you to find your best loans for those with bad credit fast! Here are some other articles that might be helpful:
Loans for the unemployed – do they exist and how to get one?
The easiest payday loans to get approved for to get your finances on track
How to get pension loans with no credit check
The pros and cons of payday loans