Unsecured Loans for Bad Credit | PaydayloanHelpers

Getting a unsecured loans with poor credit may be challenging. Most lenders will reject your application because they are concerned that you may default on your payments. Fortunately, there is a solution for individuals with poor credit who need cash quickly!

If you’re searching for unsecured loans for people with poor credit, this article will tell you all you need to know about the application process and what to anticipate after you’ve been approved!

What does it mean to have a poor credit score? Unsecured loans

A credit score of less than 600 is considered poor. On MyFico, you can check your score for free and get customized recommendations on how to improve it!

Who is a good candidate for an unsecured loans?

If you qualify for an unsecured loan, it may be the best option for you.

  • Other lenders have turned you down due to your poor credit history.
  • Borrowing money is challenging for you right now because of your financial condition (ex: recent job loss)
  • You need a big sum of money and do not want to go through the bother of filling out numerous applications or a long approval procedure.
  • The interest rate will almost certainly be cheaper than obtaining a loan with security such as a vehicle title or a home equity line of credit (HELOC)

What is the procedure for applying for an unsecured loan?

Unfortunately, because of your credit score, most lenders will reject your application. LendUp is the lender for you if you want to be accepted fast without dealing with a long approval procedure or numerous applications.

We make it simple by connecting you with one of our lenders, who can often deliver financing within 48 hours of receiving your approval.

Once they’ve given the money, we’ll make sure that every payment is made, so you don’t have to worry about defaulting and further damaging your credit!

In between loans, our software provides customers with suggestions on how to improve their scores, which means better chances the next time around!

What happens if my application for an unsecured loan is approved?

Within 48 hours of being accepted for an unsecured loan, the money will be electronically transferred into your bank account. You may request quick withdrawals or transfers of funds; we suggest moving funds as soon as possible, so they don’t sit in your account and be spent (and rack up overdraft penalties!).

We can also assist you in creating a payment plan depending on how much money you owe and when you owe it!

If you need $500 returned by March 15th, for example, we’ll layout precisely when each payment should be sent out, including providing reminders before the due date. Similar programs are available from most lenders as well.”

After I get my unsecured, what happens next?

We want our customers to be satisfied with their experience. Therefore we provide a 30-day money-back guarantee! This implies that if you are unhappy for any reason, we will refund your money without asking any questions.

Not only that, but our customer support staff is available 24 hours a day, seven days a week, to answer inquiries and handle problems. We want every user to be happy, and we’ll do all we can to make that happen!”

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Published by George Johnson

George is an accountant that specializes in debt solutions and financial consultancy. He is an expert when it comes to unsecured loans and their terms and conditions especially when it comes to APR. He plans on sharing more about his knowledge to help those who are planning to take on short-term loans.