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by Financier on Tuesday, March 29, 2011
If someone is in need to borrow quick money, of 15000 dollars with fast approval, but is unable to provide collateral to loan lenders, the person who has bad credit may be worried whether their poor credit record may dampen any chances of getting a guaranteed unsecured personal loan. If you are constantly frustrated at the limited financing options available for people with bad credit, let us work out what are the quick ways you can borrow 15000 dollars with bad credit.
You may not be aware, but there are many online bad credit lenders who give signature loans for people who have poor credit scores and collateral is not a pre-requisite, although that option is also available if you wish to put down your house to get a large personal loan above 100 thousand dollars for 8 years minimum.
When you have a low FICO score under 550, it is true that most traditional banks and commercial lenders will not grant large loans to people with poor credit history. Thankfully, not every legitimate money lender adopts that lending policy.
Some legit private lenders are able to provide large sum financing with no collateral needed and if you need to get a 15000 dollar loan fast with no direct deposit, this may be an option for availing cash with poor credit. However, since no collateral is involved with unsecured personal loans with no cosigner needed, many of these private cash advance lenders with no credit check often justify the higher risk presented in giving guaranteed high risk loans to bad credit borrowers by charging interest fee that can be many times more expensive than a regular bank loan of 10000 dollars.
Therefore, if you need to borrow 15000 dollars with installments and no credit check, make sure you do due diligence on the type of charges associated with these private money lenders and compare a few direct loan companies for their rates.
You can freely request for unsecured personal loan quotes from many legitimate loan lending websites. For a long term loan of 15000 dollar with monthly installment repayments, even a little discount for personal loans online will cut down the total cost of your total payment considerably so make sure you shop around first for the cheapest loans for bad credit by online loan shops and also do your own sums on whether you have the means to repay a 15k personal loan with at least 2 years to pay back.
by Financier on Monday, March 21, 2011
If you have been looking at the websites of credit companies, such as those payday loan companies or direct cash advance lenders, you'll no doubt have come across sentences like " apply for instant decision loans with quick approval". For the initiated, an instant approval loan is exactly what it sounds like according to the cash lending companies that offer them: a personal loan which you can apply to and get approved instantly.
However, if you are thinking an instant approval loan online equates to getting cash instantly to your account, it should be pointed out that there is a distinction between getting approved, and having the cash in your bank account.
A loan with instant approval simply suggest that the time taken to process a personal loan can be made on the spot, giving you the outcome of your loan application at an instant. Whether you can get your hands on the money quickly is altogether another matter as it hinges on several factors. As an example, most direct lenders will require you to have a valid checking account with the ability to facilitate direct deposit. Without that, lenders will not be able to transfer the cash electronically to your account and you may need to arrange alternative ways to receive the money, such as asking them to post you a check or you have to visit them personally to collect the cash. There is also the turnaround time taken by the banks to transfer the funds. If you submit the application on a non-business day, inevitably there will be delays.
With the advent of the Internet, you can apply for a loan online instead of going it the traditional way of walking into a finance company or banks to apply for one.
The easy manner in which a borrower can submit an application for a 500 pounds cash loan directly from the websites of loan lenders is not lost on consumers. We are seeing an increasing number of financial institutions and even high street banks revising their loan lending policy to offer these instant approval loans.
By making it easy for consumers to take out a personal loan online, it follows that consumer debt will also rise due to the demand. If you need money today, and plan to borrow cash by applying for loans with instant approval, I'll advise you to do some due diligence first before rushing into it. Many people end up worse financially because it is so easy to apply and they fail to take into account their ability to repay these online loans.
The next time you see a website which offers loans with instant decision, remember that a loan is not free money and do avoid the temptation to borrow fast cash.
by Financier on Wednesday, March 16, 2011
When you are in desperate times, do you get the feeling that no one else seems willing to lend you money at a need when you most need it? If you are a single mom and you need financial help for single parents with a quick loan, and you are not able to get it from your friends or family members, an easy way to get outside funding is to apply for a 60 day guaranteed personal loan.
These short term personal loans for 60 days with extended payback is especially useful for those emergency needs when you have to get cash fast. They are relatively easy to apply, compared to borrowing from banks where it may take weeks just to know the income, and perhaps the most beneficial part is that these non-banks cash lending companies that give these instant decision personal loans with same day approval often do away with the requirement of checking your credit history. Whether you have a adverse credit history due to missed payments on your bills in the past, or you've just been discharged from bankruptcy, lenders will not discriminate against your poor credit standings.
And can be expected, these unsecured personal cash advance with no credit check are getting popular with consumers as they allow people with bad credit to borrow money in a discreet manner, without undue embarrassment.
Moreover, such 60 day payback loans do not require anyone to secure collateral against them. If you need a 1500 dollar loan now pay in 3 months with low rate, you are also allowed to do a loan extension, albeit you will need to pay a fee for the convenience of extending a short term payday loan to 3 months.
However, there are higher costs associated with using a payday cash advance for 100 days and longer. Unlike traditional banks that offer long term installment loans with low interest, the annual percentage rate for private salary advances are much more expensive and if handled poorly, they can easily land someone in huge debt quickly as the interest adds up with each non-payment. This is led to payday loan companies being called the modern time loan sharks, with the government eager to rein in these high risk cash lenders by proposing a cap on the interest rate they can charge.
Despite their flaws, guaranteed long term payday loans with no credit check continue to prosper since they serve a specific demographic: people who are unable to access mainstream credit and have no choice but to rely on bad credit loans with 60 days repayments.
by Financier on Tuesday, March 15, 2011
If you find that your cash flow is becoming an issue due to your being unemployed and you need personal loans for $500 with 90 day payback, a payday loan with 12 weeks to pay back is one of the solution for you to get cash now for 100 days.
There is the growing trend among payday loan lenders to cater to the financial needs of people who are unemployed and looking for cash where they can borrow money without a salary, never mind if it means having to pay higher finance fees. With that in mind, some enterprising personal loan lenders for bad credit are offering quick approval no-job loans to people with unemployment benefits.
These payday loans on unemployment are essentially the same as those short term 60 day loans for salaried workers, except that a person with unemployed benefits will use that as "income" to qualify for payday loans with 18 weeks with no credit check.
At best, these unsecured loans on benefits can be availed for relatively small amounts, up to the tune of $1000 and if you can demonstrate that you are presently being given cash benefits for the unemployed by the government, you can usually be approved for $500 payday loans to cover any emergency need. At worse, the interest you'll be paying may be substantially higher even by the standard of those expensive bad credit loans and while some lenders may grant you payday loans with 12 weeks to pay back, you may actually find that you are just taking a loan extension by having to pay additional charges for the convenience of having a longer repayment term.
by Financier on Wednesday, March 9, 2011
When someone who is in long term unemployment, given today's economy, it can be a daunting task to cope with the living expenses whilst looking for another new job. Financial worries are inevitable and if you are suddenly faced with unexpected expense and have no money for them, you could be forgiven for stressing yourself out looking for ways for the unemployed to borrow money.
However, getting cheap loans for the unemployed is not impossible and there are several options which you can explore to secure the funding that you need.
With good credit, banks and private institutions will be able to grant you short term or long term loans for the unemployed to varying degrees of success dependent on a few factors. Using a collateral to secured a personal unemployment installment loan will play a major part in your success rate when trying to secure large sum loans of 25000 dollars and higher. In the absence of collateral, you can still get approved for low interest fee loans but you are going to need an exemplary credit score.
If you have bad credit and have nothing as collateral to secure against an unemployment cash advance, you can also pursue unsecured personal loans for people with no job through private loan lenders.
Some of these private loan companies who give bad credit loans for the unemployed may charge excessive finance fees though and it should never be a first option when looking for ways to borrow money without a job.
Lastly, if you happen to be a member of a credit union in your community, that can be a source for credit especially if you need affordable loans with no fee that you can pay back slowly. Many of these credit unions do have programs that provide financial support for the jobless and as not-for-profit organizations, they often have lending criteria that are less strict and the interest rates they offered are also considerably lower than what you will find elsewhere.
These are some of the ways for an unemployed person to get cash and if you need help with your debts, you may also wish to consider going to the local government office to seek assistance with a debt counselor and discuss your credit needs.
by Financier on Saturday, March 5, 2011
If you are someone who is unemployed and also happens to have a bad credit history, there can be far-reaching implications when unexpected financial emergencies arise and you find yourself in a dire situation where no one seems willing to grant you guaranteed bad credit loans for the unemployed.
As profits-oriented businesses, banks, financial firms or credit card companies are careful to avoid the risk represented by bad credit borrowers; people who have shown themselves to credit-unworthy as reflected by their low credit scores. This group of people will often find that getting an unsecured personal loan below 2500 dollars with the banks is almost impossible, never mind if you need to borrow 50000 dollars today with bad credit.
The exception being - using collateral for signature bank loans with bad credit, such as a home equity line of credit, or HELOC. There is a difference between a home equity line of credit vs a home equity loan. The former is a line of revolving credit with an adjustable interest rate while the latter is usually a lump sum that is drawn down by the applicant upon the loan approval.
A home equity loan for the unemployed can be made available to people with low FICO scores and is useful for, say, getting a large personal loan above 30000 dollars or to borrow a large sum of money to start your own business. It can also be used to consolidate your credit card bills and pay off other debts and loans with high interest so that you are just left with a single repayment plan which can be serviced by paying in monthly installments.
If you are an unemployed tenant and need money fast, you may want to consider this type of guaranteed personal loans with bad credit for solving your immediate financial worries. As always, do remember to weigh your options carefully and do due diligence.
by Financier on Tuesday, March 1, 2011
Need to apply for a loan with no income check or job verification where even those who are without a job and need money now can turn to for applying $1000 loan for unemployed with benefits? If you want to get money with poor credit but can't get a loan elsewhere because of a low FICO score, see how private loan companies such as payday stores are coming up with cheap loans for the unemployed.
When someone who is jobless and need financial aid immediately, one can often rely on their family members for assistance. But what if you are a single mom who is unemployed, and there is no one but yourself and with a child in tow, you desperately need to find cash loans for single parents.
Take my uncle as an example. He is recently retrenched from his company and had been on unemployment benefits ever since. With the ailing economy, he is finding it difficult to compete for jobs with so many better qualified people who are also in unemployment. Recently, his child was down with an illness and had to be hospitalized for a few days. With no income but the free government money he has been receiving, he was unable to pay for the hospitalization stay for his son.
And that's when he found out that there are actually personal payday loans for people with benefits, and he managed to get a short term 1000 dollars loan for unemployed. These unemployed payday loans are crafted similarly to a payday loan with the only marked difference being that instead of using your monthly salary to secure against the loan, you will be using the unemployment benefits to get a payday cash advance to get cash in your bank account.
Make sure that if you are jobless and on benefits, the handout from the government is received through direct deposit to your bank account as this is a requirement from the unemployment cash lenders. With a $1000 no job loan that you can borrow money with benefits, you can have another option when it comes to getting cash when unemployed.