Skip to main content
Bad Credit

Unsecured Loans for Bad Credit

By April 5, 2022May 23rd, 2022No Comments
Unsecured Loans for Bad Credit

How to Get Unsecured Loans for Bad Credit

If you have bad credit, getting unsecured personal loans can be difficult. Most reputable lenders will not approve your application because they are worried that you won’t pay them back. Thankfully, there are loan options for people with bad credit who need money fast! 

Some of the most significant elements to consider when contemplating a bad credit loan are the loan amount you may borrow, how quickly the money will be returned, how much you’ll pay in interest, and how quickly you can acquire financing. Bad Credit Loans. Not only can the finest poor credit loan companies give fair pricing and conditions, but they may also finance you in one to two business days.

If you are looking for unsecured loans for bad credit, this post has everything you need to know about the process of applying and what to expect after loan approval!

What is a bad credit score?

A bad credit score is a FICO Score below 600. You can check your score for free on MyFico, where you’ll also get personalized advice about how to improve it!

If your credit ratings are poor but you still have a credit card debt to pay off, a debt consolidation loan may be a viable choice.

Unlike a secured loan, which demands security or guarantees. These unsecured loans do not. A secured personal loan may be easier to get and help you get accepted for debt consolidation if you have bad credit. People with low credit scores can also get unsecured personal loans from some providers. While these loans for people with bad credit often have higher personal loan interest rates and payment durations than loans for those with an excellent credit score. They can be less expensive to repay than car title loans or payday loans.

Who should take out an unsecured loan?

An unsecured personal loan might be right for you if: 

  • You have been denied from other personal loan lenders because of bad credit history 
  • Your current financial situation makes borrowing money difficult (ex: recent job loss) 
  • You need a large number of personal loan funds and don’t want the hassle of filling out multiple applications or going through a lengthy credit approval process.
  • The interest rate will likely be lower than securing another type of loan require collateral such as a car title or home equity line of credit (HELOC)

How do I apply for an unsecured loan?

Unfortunately, most online lenders will not approve your application because of your credit score. If you are looking to get approved quickly without dealing with a lengthy approval process or multiple applications, then LendUp is the lender for you! 

We make it easy-we match you directly with our payday lenders, who can provide loan funding within 48 hours on average after approving their offer. Once they have issued the funds, we help ensure that every payment goes through so there’s no risk of defaulting and hurting your credit further! 

Our platform also gives users tips about how to improve their scores in between personal loans -which means enhanced odds next time around too!”

What happens if my unsecured loan application is approved?

Once approved for an unsecured loan, the funds will be electronically deposited into your personal bank account within 48 hours. You can put in requests to withdraw or transfer money immediately-we recommend transferring it right away so that it’s not sitting around in your account and potentially getting spent (and making overdraft fees pile up!). 

We also help you build a payment plan based on how much money you owe and when! 

For example, if you need 0 back by March 15th, then we’ll break down exactly what day each payment should go out -even sending reminders before they’re due. Many personal loan lenders have similar programs available too.”

What happens after I receive my bad credit personal loans?

We want our users to be happy with their experience, which is why we offer an unconditional 30-day money-back guarantee! This means that if you are dissatisfied in any way for any reason at all -we’ll give your money back, no questions asked. 

Not only this but our customer service team works around the clock 24/365 to help answer questions or resolve issues. We want every user to come away satisfied and will do everything possible to make sure they are!”



Wenn Lauren Snow
Latest posts by Wenn Lauren Snow (see all)