. As the site is not a lender, it believes it is able to offer consumers a more impartial and confidential platform from which they can submit a single application form to many lenders and compare their offers without any pressure to accept.
People with bad credit are often underserved by banks and store front lenders in being offered restrictive loan terms, bad interest rates and pushy customer service. PersonalLoansForBadCredit.net believes that its new service can vastly improve on the experience many consumers have when searching for bad credit loans directly from lenders.
The site’s new service brings with it the benefit of hundreds of lenders within a secure and pre-screened database. Where a consumer would in the past visit one bank and one lender and feel an unwanted sense of pressure to take what they are offered on the spot, the online service launched by PersonalLoansForBadCredit.net features a wealth of lenders, all operating online. This allows the consumer to carefully consider their options form the comfort of their own home or workplace computer and take their time to make the right decision.
As many more lenders feature than with using traditional methods to find personal loans, this means that the site has created a “competitive microcosm” that sees lenders slashing their interest rates and creating very appealing products to encourage consumers to pick lower rates and better terms. As the lenders all featuring on the site know that consumers will be comparing all of the offers side by side, this puts the consumer in a stronger bargaining position to find a great loan.
The service is much quicker at revealing loan decisions than using lenders directly, due to submission of an online loan application form. This form is immediately reviewed by the network of lenders and takes just 2 minutes to complete. Loan decisions can be viewed online, literally seconds after clicking on the “submit” button. All of the lenders within the network adhere to fast payment processing. As such, approved and accepted loans can arrive in bank checking accounts extremely fast. For most borrowers, the funds arrive within 24 hours – sometimes faster.
Sam Ash, spokesperson for PersonalLoansForBadCredit.net, made the announcement in the following statement.
“We are very pleased to announce the launch of our “no pressure” unsecured personal loans comparison and application service. It is fast and free and can help U.S. based consumers find the most reputable lenders on the net. Their loan offers can be compared through our site without the “hard sale” aspect that banks and direct lenders push onto consumers. We invite would-be borrowers to try it and hope they find it beneficial.”
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