CashUSA (not to be confused with CashNetUSA) is another online lending platform that connects borrowers who have bad credit to reputable lenders and financial institutions, offering unsecured personal loans. It’s one of the best digital resources for bad credit borrowers who need a quick personal loan for financial emergencies.
Fortunately, CashUSA is entirely free to use, so you won’t have to pay an application fee. In fact, it’s one of the most popular sites for bad credit loans, with over one million users each month. It’s a fast, discreet, and easy way for people with an imperfect credit history to try to get a personal loan.
Loan Amount: With CashUSA, you can apply for a personal loan between $500 and $10,000. However, the amount will vary based on your state, credit history, and lender. The lower available loan amounts make CashUSA ideal for people who want a short-term solution to their financial problems.
APRs: The exact interest rate you’ll receive depends on your credit score, income level, and the lender you choose. However, the APRs at CashUSA fall between 5.99% and %.
Eligibility Requirements: As with most online lending sites for people with poor credit scores, CashUSA has basic eligibility requirements for all applicants, who must be over the age of 18 and have:
If you’ve applied for unsecured or secured loans in the past and weren’t approved fast online payday loans Apple Creek, then PersonalLoans could provide a solution
- Permanent U.S. residency
- A minimum annual income of at least $12,000 after taxes
- A valid checking account under your name
- A minimum credit score of 500 or higher
Application Process: The CashUSA application process is swift and only takes a couple of minutes. In addition, you won’t have to pay a processing or origination fee. If you qualify, you’ll see a range of offers within minutes of submitting your application. Should you accept the terms, you’ll have your money within one or two business days.
PersonalLoans is another digital marketplace for borrowers with lousy credit, offering personal loans, bank loans, and installment loans from a network of reputable online lenders. The company features an extensive network of reputable lenders and other third-party loan companies, increasing your chances for approval.
Loan Amount: If you’re looking for a larger loan, then PersonalLoans ounts range between $1,000 and $35,000, making this platform an excellent choice for borrowers with a poor credit history who need a large amount of money very quickly. Remember, you are under no obligation to accept any of your available offers after you apply.
APRs: As with most companies that offer loans for bad credit, the lenders that work with PersonalLoans offer interest rates in line with the industry standard for bad credit loans, between 5.99% and %.
Terms: The duration of your loan will vary by lender and your individual qualifications
Terms: One of the reasons so many borrowers choose PersonalLoans is because of the flexible repayment terms. The minimum repayment term is three months, with a maximum of 72 months.
Application Process: As with most online lending platforms, the application process is very quick and user-friendly. Expect to provide the usual information, like your social security number, income level, employment status, and your reasons for taking out a loan. The application itself is straightforward, and the site offers a personal touch with clear information and explanations about each step of the process.
Eligibility Requirements: While people with all credit scores and ratings are eligible to apply, don’t expect a high loan amount, exceptional terms, and a low APR unless you have good credit. PersonalLoans has a minimum credit score requirement of 600, and it requires applicants to earn a monthly income of $2,000 or more after taxes.