I Need A Loan (Not A Payday Loan). I Have A Checking Account, But I Have Bad Credit. Any Ideas?


9 Answers

lakeesha Hennessy Williams Profile
A loan should be easy to find online for your individual circumstances, as long as you have a job and a bank account.

However, the loan you can
apply for will only be for a small amount - so it depends how much you want to borrow and what you need the loan for.

Loans you can apply for if you have a bad credit rating
Personal secured loans for larger amounts may be available to you if you are a home owner as the house will be used as collateral and insurance against the loan.
If you do not keep up the repayments you may be at risk of losing your home though.  These types of loans are given to people based on their individual circumstances and not based solely on their income.

1.  The first place to go to is to the bank where you have your checking account and see if they can help you.

2.  Go on the internet and search online for personal loans from lenders who will accept people with bad or imperfect credit. These lenders will not carry out a credit check so your chances of being accepted are usually higher than if you went to a bank.

3. In many cases you can be approved for the loan the same day.

4. You can apply for a loan of up to $5000.

5.  You must be 18 years or over and you must be in full time employment.

6. You must have a checking or savings account.

7. You then need to fill in an online application form on your chosen lenders website with your personal information such as name, address, date of birth, employment history and financial details (bank name, account number, how long you have been with your bank etc).

8. Once you have completed the form full you can submit your application to your chosen lender.

9. You will usually hear fairly quickly as to whether you have been approved for your loan, usually within a few hours.

10. Once your application has been approved the money will be deposited directly into your account.

This is usually all done the same day.
Lending Universe Inc. Profile
Lending Universe Inc. , Hard money loan, answered

Yes, You can get loan with your bad credit also. Hard money lenders are also providing loan with bad credit also. They do not care if you do not have any credit information also. If you want to apply for a hard money loan then I will suggest you to apply for your loan through Lending Universe Inc.

Nouman Umar Profile
Nouman Umar answered
There are many banks that are providing personal loans to people with imperfect credit so you can also apply for the credit.
world loans Profile
world loans answered

It's really difficult to get loans nowadays. Banks don't lend to people that don't have a house pretty much (or something else to lose), and payday lenders have extortionately high APR%

My advice: if you have friends or family, please ask them first! Don't be ashamed

Anonymous Profile
Anonymous answered
There are companies out there that are much cheaper and more reasonable then a payday loan!
Chips Ters Profile
Chips Ters answered

Well, in your place, I would not risk unknown companies. After all, loans are very serious and you should always understand responsibility. I recommend you try the loans with direct deposit service . I learn about them and they have a very good story with many positive reviews.

Kyoko Katayama Profile
Kyoko Katayama answered
Approach the bank at which your checking account is located.  You will get lower interest rates there then you will anywhere else. 

That's because they can always deny you access to your funds should you default on your loan.

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