Bad Credit Loans Guaranteed Approval
For most college graduates, finding a good job can be difficult. The jobs have multiple professional requirements and want years of experience – and whatever job experience you have from your previous college years, might not be the right kind.
Having poor, limited, or no credit is like being a new college graduate. In these situations, you either have a wrongly established credit history – or you don’t have an established credit history at all.
When finding easy approval installment loans for bad credit, there are some that will be able to assist you in your financial situation. And in this guide, we’ll show you the top 7 bad credit loan services that are available.
Let’s begin!
Bad Credit Personal Loans Guaranteed Approval
Personal loans come in all forms, and this is especially true for users with no credit. Fortunately, you can receive a short-term loan regardless of your credit history. And here are some good personal lending options that are available:
№1. Cash Advance |
Overview:
- Loan Range: $100 – $1,000
- Short-Term Loan APR: 200% and 2,290%
- Larger network of lenders
- Bad credit isn’t an issue
- Requirements: 90 days of employment at a job and $1,000 a month income.
We get it; emergencies happen in our lives. And if you don’t have an emergency fund to prepare for this, it can be stressful for you and your family. If you’re in need of cash fast, then CashAdvance.com offers a good solution.
Cash Advance’s mission statement is to “help customers find quick short-term loans in times of financial need.” Anyone, regardless of their credit history, can apply for loans up to $1,000 via Cash Advance’s online platform.
After your completed your application form, you will be matched with local lenders that can provide agreeable loan terms. You can then choose to either accept or deny the offer. Make sure to read the loan offer that’s presented to you – as the APRs and terms can vary greatly.
Also, Cash Advance is affiliated with the Online Lenders Alliance (OLA), an organization that ensures that its members stay compliant with the industry’s code of conduct and best practices. And, Cash Advance has educational resources to help its viewers make more conscious financial decisions, as they plan to keep their customer’s “best interest at heart.”
№2. Money Mutual |
Overview:
- Short Term Loans ranging up to $2,500
- Over 2,000,000+ Trusted Customers
- Easy Online Form that takes less than 5 minutes
- Online lender marketplace
- Not available to NY residents
The are two types of events in life. One you can plan for, such as buying a new home or getting married. At the same time, there are some events that occur without warnings – such as a medical emergency or broken gas engine. Ideally, we’ll have the savings to help cover for these unplanned events, but sometimes we need some short-term financial help to cover these expenses.
According to Money Mutual’s website, their mission is to “help consumers access cash fast!”. Based on their application process, it’s safe to say they follow their statement. With a large 2,000,000 customer base, users can receive loans to about $2,500 and receive funding within 24 hours.
In fact, Money Mutual is endorsed by popular TV host Montel Williams who states its a great resource for short-term loans. According to Montel Williams, he asserts that “Money Mutual’s e-marketplace is a good resource you can rely on to find a direct lender quickly and easily.”
Guaranteed Installment Loans For Bad Credit
In order to receive a guaranteed loan approval for bad credit, you’re going to have to show the direct lenders the following things:
- Be at least 18 years or older
- Have an open bank account
- A Stable source of income
We suggest that you show them information about your current employment and your bank statements. This will give them enough evidence that you are trying to rebuild your credit and might increase the chances of receiving the loan.
Also when you’re comparing different installment loans, make sure to examine every factor of the loan. Don’t just focus on the monthly payment size; your loan will be determined by multiple factors such as the: loan length, monthly payment, and APR, and the loan length.
№3. BadCreditLoans |
Overview:
- Loan funding ranging from $500 to $5,000
- 24 Hour Funding
- Easy Application & 5 Minute Approval
- Experienced online provide since 1998
- Lenient Credit Requirements
Aside from creating a request, searching, and approving loans easier than ever, there are a few other things users liked about this service. For instance, there are a lot of financial articles and tips available on their website.
Remember, BadCreditLoans.com isn’t a direct lender. Instead, the site connects you with lenders that can approve your loan request. To get started, you’ll have to fill out an online form containing basic information such as:
- Name
- Date of Birth
- Whether or not you’re in active military duty
- Loan Reason
- Credit Type
- Amount Requested
And how does their lending process work? After your application is submitted, its sent through the site’s algorithm to find a lender that’s best for you. This helps save you time from the constant phone calls, sales pitches, and other nuances and get you connected to someone that can work with your financial situation.
We also like that their 24/7 service. So, you’ll be able to send a request and receive a loan approval decision anytime you need or want it. BadCreditLoans.com uses encrypted data to protect your data from outside hackers. In fact, they provide guaranteed loans with bad credit to everyone that has a stable financial monthly income.
№4. Personal Loans |
Overview:
- Loan amounts $500 to $35,000
- Rates from 5.99% to 35.99%
- Repayment terms 3 to 72 months.
PersonalLoans.Com offers the most flexible terms on this list. For example, it offers repayment options from 90 days to 6 years, APRS ranging from 5.99% to 35.99%, and its loans ranging from $500-$35,000. Thus, you have guaranteed bad credit loans to when using them as a service.
One thing that sets PersonalLoans.com apart is its user-friendly loan request process. During the process, all of the questions and steps are fully explained, including why the question is asked. This gives users a strong sense of engagement when using their platform as it helps them feel as if someone is walking them through the application process.
Sounds difficult? Don’t worry. PersoanlLoans.Com connects you to a leader through processing your application through their algorithm. We like this because it actually connects you to a lender that meets your financial criteria.
Basically, PersonalLoans.com is great if you need guaranteed loans for bad credit. After you’ve considered all of the angles and understand the deal agreements, you can sign on it. Remember, you are under no obligation up until that point. So if you dislike the offer, you can skip can and request for another one. PeronalLoans.com won’t hold you accountable for skipping offers and neither will the lender.
№5. Signature Loan |
Overview:
- APR Range: 5.99-35.99%
- Loan Range: $2,000-$35,000
- Minimum Loan Period: 72 months
- Max Loan Length: 6 Years
- 5 Minute Approval
Signature Loan is a modern-day loan approval service that’s been around for 18 years. Due to its continuous stability, signature loans has proven to be an efficient and reliable service as it gives you a simple platform with a few important questions to receive guaranteed loans for people with bad credit.
There is a myriad of factors that are considered to determine rates and eligibility. While most lenders approve credit users based on their experience and past financial decisions, SignatureLoan.com places emphasis on your current and long-term financial situation. To apply, an applicant has around $1,000 a month after receiving taxes.
Most lenders have a different loan agreement for their applicants. Some have a maximum of about 36 months. However, SignatureLoan.com has a max term length of 6 years, making it one of the longest lending options available.
Basically, SignatureLoan.com is the go-to resource for installment loans for people with bad credit. Not, only does the site have over 20 years of experience, but also its 5.99-35.99% APR is great if you need help making payments. So, this site should be considered the next time you’re in need of financial assistance.
Guaranteed Approval Loans Bad Credit
№6. Avant Loans |
Overview:
- Flexible repayment plan
- Maximum Loan Amount: $35,000
- No minimum requirements needed to apply
- APR Range: 9.95% to 35.99%
- Finding Loan Options won’t affect credit scores
Avant Loans is an online lender that specializes in bad credit loans guaranteed approval. Borrowers can receive an unsecured personal loan, which means borrowers don’t have to put up any collateral.
“Avant Loans has grown into a successful company while remaining focused on their mission of providing responsible loan options for our middle-class customers. Over 480,000 personal loans have been issued”
Here are the criteria of the borrowers that receive bad credit loans guaranteed approval:
- Someone who needs a flexible loan repayment plan
- Someone with credit issues
- Someone needing to pay off their credit card debt.
First, Avant Loans will conduct a soft credit score to determine if you’re eligible for an approved loan. The interest rate will be determined based on your current credit score. And once you agree to these terms, you’ll be able to immediately sign the contract.
While they have an APR range of 9.95% to 55.99%, it is considered higher amongst the other alternatives on this list. Still, the site offers flexible repayment plans that last for 2-5 years. Thus, users can set up a loan and have a reasonable time to repay the debt.
On average, the usual Avant customer has a FICO score of 650. As long as your loan term is more than your credit card’s interest rate, Avant Loans might be a great option to consolidate and pay off your credit card debt.
№7. One Main Financial |
Overview:
- APR: 16.05% – 35.99%
- Minimum Credit Score: None
- Max Loan Amount: $30,000
- Repayments: 2-5 Years
- Receive Funds within 24 Hours
With One Main Financial, you can fill out an application and receive a decision within 10 minutes. Once your account is approved, you can obtain the funds via bank payment (average time: 2 business days) or receive a check for same-day access to the loan.
The funding time also varies based on when you’ve submitted the application, how long it takes for your documents to be approved, and the number of documents needed to complete the application.
Here’s an example lender that’s been accepted by One Main Financial’s algorithm. For a borrower that has bad credit, you can receive a $10,000 unsecured loan, with a $545 monthly payment fee and a 27.2% APR.
One Main Financial also gives you the option to take out a secured loan. This gives you the opportunity to apply for a larger loan amount, longer loan term, or a lower APR in comparison to unsecured loans. One Main Financial states that over 44% of their total loans are secured loans.
And, OneMain provides optional credit insurance for their secured loans. However, the insurance might add up to your monthly costs and might not be needed, so check out the pros and cons before seeking their instance.
Thus, if you’re in need of quick financial funding, One Main Financial is a good option. Since they don’t have a credit score requirement, you might receive a loan approval $5000.
Conclusion
To conclude, there are plenty of opportunities available for people with bad credit. These 7 installment loan services will help you get started. Once you receive a loan offer, take the time to plan out how you’ll repay it.
Darryl founded Smith Financial Advisors Inc. in 2006 after over 30 years experience in financial services including Mergers & Acquisitions, Investment Banking and traditional Commercial Banking activities at Bank One. Smith Financial Advisors is a Registered Investment Advisor in the State of Illinois. The firm specializes in Investment management, financial planning, and retirement planning.
