Having Poor Credit can make obtaining a loan seem like an impossible task. However, there are lenders that specialize in Bad Credit Loans to help those in need of financial assistance. Here are the top lenders that specialize in Bad Credit Loans.
1. OneMain Financial
OneMain Financial is a popular lender among those with Bad Credit. They offer personal Loans ranging from $1,500 to $20,000 with a term of up to 60 months. Application and loan approval can be completed online or in one of their many branch locations.
2. Avant
Avant offers unsecured personal Loans to those with Credit scores as low as 580. Loans range from $2,000 to $35,000 with repayment terms of up to 60 months. They also offer a pre-qualification process that doesn’t impact your Credit score.
3. LendingPoint
LendingPoint specializes in personal Loans for those with Credit scores between 585 and 679. They offer Loans ranging from $2,000 to $36,500 with repayment terms of up to 48 months. The application process is easily completed online and loan approval can be received in as little as 24 hours.
4. BadCreditLoans.com
As their name suggests, BadCreditLoans.com caters specifically to those with Bad Credit. They offer personal Loans of up to $5,000 with repayment terms ranging from three to 36 months. They also offer Loans for those with extremely low Credit scores, as low as 300.
5. OppLoans
OppLoans is a lender that specializes in installment Loans for those with Bad Credit. They offer Loans ranging from $500 to $4,000 with repayment terms of up to 36 months. OppLoans approves applications quickly and funds are generally deposited within one business day.
6. PersonalLoans.com
PersonalLoans.com is a lending platform that connects borrowers with lenders who specialize in Bad Credit Loans. They offer personal Loans ranging from $500 to $35,000 with repayment terms of up to five years. PersonalLoans.com offers Loans for a variety of purposes including debt consolidation, home improvement, and unexpected expenses.
In Conclusion
Obtaining a loan with Bad Credit can be difficult, but it’s not impossible. These lenders specialize in Bad Credit Loans to help those in need of financial assistance. It’s important to note that interest rates for these types of Loans may be higher than those for Loans with better Credit scores. However, if managed responsibly, Bad Credit Loans can be a useful tool for rebuilding Credit and achieving financial stability.