A bad credit unsecured loan can be a blessing for people who have poor credit history and don’t have collateral for a loan. Your credit history is not important and you are not required to give something tangible in exchange for the loan. This is exactly what a person in this situation needs when looking for a loan fast.
If you are like me, you don’t want all kinds of restrictions when you are seeking a loan right away. If you want to avoid these problems, then get loans from companies that have bad credit unsecured loans available for the general public.
What is a bad credit unsecured loan?
A bad credit unsecured loan is a loan that is given to those with poor credit history without the request of collateral being asked for by a lender.
What are the requirements?
- At least 18 years of age
- A U.S. citizen
- A current valid address in U.S.
- Employed at least for 3 months
- Valid social security number
How can I apply for a bad credit unsecured loan?
You can apply online. As a matter of fact, you can apply for one right here on this page. But please make sure to read the entire article first, so you know exactly what to do on the application.
How much money can I receive, with a bad credit unsecured loan?
Most companies will have a limit of about $1,500. If you want more than this, you will need to contact the loan agency directly by phone. There may be certain circumstances where they may be able to extend more cash to you. An example would be if you had someone co-sign your loan, someone with great credit.
Is the process of getting a bad credit unsecured loan difficult?
Quite the opposite, it is in no way hard. It only takes 2 to 3 minutes to fill out a loan application. You will be guided through the entire process. Whether it is by phone or online, you always have someone there to help you.
How will I know if I got the loan or not, after I apply?
A loan agent from the company will email you, letting you know whether your loan application was accepted. In most cases, your loan will be accepted.
Can I apply for a bad credit unsecured loan if I have no credit history?
Yes, having no credit is not a problem. Your loan application will be handled in the same way, and it should not be affected by a blank credit history.
Will the information I give them be secure and protected?
Your information will not be shared with anyone other than the loan company you are paired with. They also protect the pages in which you put your personal information on, like your bad credit unsecured loan application. The way you can check this is by looking up at the address bar of the page you’re placing your information. If you see “https” at the beginning of the URL, the page is highly protected from hackers.