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Bad Credit is a major obstacle when it comes to obtaining Loans or Credit. The traditional lending institutions such as banks or Credit unions have strict eligibility criteria when it comes to loan approvals. They only approve Loans for people with good Credit history and high Credit scores.
However, with the growing demand for Loans, there are many alternative loan providers who offer Loans to people with Bad Credit. These lenders offer Loans to individuals who have a Poor Credit rating or a low Credit score. If you have Bad Credit, there are still many options available for you.
Here are some of the best loan providers who can help you overcome Bad Credit issues.
1. OppLoans
OppLoans is an online lender that specializes in offering Loans to people with Bad Credit. They claim to offer a simple and fast borrowing process, and you can have your loan approved and funded within 24 hours. OppLoans loan amounts range from $500 to $4,000, and the repayment terms can range from nine months to 36 months.
2. LendingPoint
LendingPoint is another online lender that specializes in offering Loans to people with Bad Credit. They offer Loans from $2,000 to $25,000, and the repayment terms can range from 24 months to 48 months. LendingPoint has a fast and easy loan application process, and you can have your loan approved and funded within 24 hours.
3. Upgrade
Upgrade is an online lender that offers personal Loans to people with Bad or fair Credit. They offer Loans from $1,000 to $35,000, and the repayment terms can range from 36 months to 60 months. Upgrade has a simple loan application process, and you can have your loan approved and funded within a few days.
4. Avant
Avant is an online lender that offers personal Loans to people with Bad Credit. They offer Loans from $2,000 to $35,000, and the repayment terms can range from 24 months to 60 months. Avant has a fast and easy loan application process, and you can have your loan approved and funded within a few days.
5. OneMain Financial
OneMain Financial is a traditional lender that specializes in offering Loans to people with Bad Credit. They offer Loans from $1,500 to $20,000, and the repayment terms can range from 24 months to 60 months. OneMain Financial has a simple loan application process, and you can have your loan approved and funded within a few days.
In conclusion, Bad Credit should not hold you back from obtaining Loans when you need them. There are many loan providers who offer Loans to individuals with Poor Credit ratings. However, before you apply for any loan, it is important to read the terms and conditions carefully, and make sure you can afford the repayments. It is advisable to compare different loan providers and choose the one that suits your needs best.