Personal Loans for Bad Credit Barrowers Now Available With a New Lending Service
Loansforpoorcredit.net announced a new online service that finds the best bad credit personal loans. Borrowers need not put down home or auto equity to get a loan.
By: Loans for Poor Credit Net
New online services such as Loansforpoorcredit.net match borrowers with lenders via their secure online quote generator. Visitors to the site simply complete a short and easy to follow form and, if approved, are contacted by a lending representative – usually within minutes. Borrowers no longer have to endure intrusive and lengthy telephone conversations nor have to wait online at banks or credit unions.
A spokesperson for the service said today “Taking out a personal loan just got a whole lot easier, more efficient and user-friendly. At Loansforpoorcredit.net we specialize in personal loans, bad credit loans and loans that require absolutely no credit check. It’s a boon for anyone who needs funds fast, and doesn’t have the solid financial history with the credit agencies that used to mean automatic approval. We know that in today’s financial climate, less and less people have that perfect credit score and we’re here to help them find the credit products they’re looking for.”
Depository institutions no longer offer the short term personal loans they used to. Under strict new regulatory control from their insurers, many are simply unwilling to take on any risk at all and consumers with poor or bad credit are seen as high risk borrowers. That has resulted in a large underserved community, fiscally squeezed and actively looking for new sources of loans and other credit products.
The spokesperson for the service continued “Personal loans can be used for anything at all: an unexpected medical situation, dental work, auto repairs or even a home extension. We make getting the money quick and easy and as these loans are unsecured, we don’t require borrowers to put down any collateral whatsoever in terms of their home or auto equity. All our fees and charges are disclosed by our lending partners and it is the responsibility of the borrower to make sure they are clear on the terms and their financial commitment to repayment of the loan.“
Would-be borrowers complete a short and easy to understand form at the site and enter a few details such as a social security number along with banking and employment details. To be approved, applicants must be U.S. citizens and over the age of 18. Employment pay checks must also be directly deposited with the bank. After entering this information, the website technology enables a search for a suitable lending partner, who makes contact with the borrower – sometimes within a matter of minutes.
Funds can be transferred within one hour or overnight, depending on the policy of the lender. It’s made lending and borrowing convenient and simple to use, something many millions of Americans have come to appreciate.
Here you can find out more: http://www.loansforpoorcredit.net/
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