Do personal loans for bad credit exist?
Yes. They do. You can get a loan even when you have bad credit. For most people, bad credit scores mark the end of their dreams of achieving big things that cost money, but, with the right information, this doesn’t have to be the case.
You can still achieve all of your dreams, although you must be prepared to pay very high-interest rates, compared to people with good credit. You will actually be quite surprised at how easily you can get a personal loan for bad credit.
Here are some options for companies that can lend urgent loans for bad credit.
Kinds Of Loans You Can Get With Bad Credit in 2022
If you want to get urgent loans for bad credit, Upstart is a good choice. You can access a loan of up to $50,000, whereby you get to choose the payment date that suits you. You need to have a credit score of at least 600, and you can access a loan at an APR of 5.35% to 35.99%.
Do you have a credit score of below 600? Upgrade has your back! If you have not had enough time to build your credit score, you can still access good installment loans for bad credit.
With a credit score as low as 560, Upgrade offers up to $35,000 that you can use to boost your business.
With the Upgrade app, you can easily keep track of your payments, balances, and credit score.
LendingPoint offers bad credit car loans at a credit score of 600. You can borrow up to $36,500, which you can repay in as low as 24 months or 60 months. They avail the funds quickly in over 48 states.
Universal Credit Loans
You can access urgent loans for bad credit at an APR of 8.93%-35.93%. Universal credit is quite flexible and lenient with its criteria for loan qualification, which makes it easy for you to get your loan.
One of the perks of Universal Credit that stands out is that you can get your funding in as little as two days.
What To Look Out For With Personal Loans For Bad Credit
If you have had a few hiccups that have led to a poor credit score or have not had time to get a good score, getting urgent loans for bad credit is still an option. Here are some points to help you choose the best lender:
When looking for urgent loans for bad credit, choose the one with relatively low-interest rates in the top-end range, which you may end up paying due to your low score.
Look out for lenders you can reach in case you have trouble keeping up with payments. Get a lender that offers a flexible payment plan, whereby you can restructure your loan if need be.
Have A Bad Credit Score? We Can Help!
If you have not yet built your credit score and you need personal loans for bad credit, we can help you get one with the best rates and terms! Call Unsecured Loans Specialists for quick and convenient loans!