Two traditional WAYS to get the loans for poor credit rating

You are looking for the personal loans for bad credit in the US but you do not have the good credit score. You should not worry too much because now, there are more and more personal loans suit people who have poor credit or no credit history. What are the loans for poor credit rating?

Bad credit personal loan lenders
Loans for poor credit rating

In some recent days, Info Credit Free received a lot of inquiries from the readers about the loans for people with bad credit. However, most of the readers have the same situation “I need a loan but I have bad credit”. So for those loans with bad credit, whether owning a loan is difficult or not? How can own loans for poor credit rating?


In the our post today, the readers/people can get a lot of information about the loans being suit people to have bad credit. This post includes the four parts: “What type of the loans does suit people have bad credit?”, “Where can I get the bad credit loans?”, “The interest rate on the loans for me?” and “The advantages and disadvantages of the loans with a bad credit score.”

1. What do you need meet to get the loans for poor credit rating?

The loans for people who have poor credit rating are the personal loans. These loans are available for people even they have no credit history. Although these loans have not only advantages but also disadvantages, they still get a lot of high appreciation. 

To get the personal loans for people with poor credit rating, you need meet some requires of the lenders:

  • The customers have credit scores (bad or poor score is not a problem),
  • The customers need to provide your bank documents to verify your source of regular income
  • The customers reside in the United States
  • The customers are between 18 and 65 years old
  • The customers need supply the debit or credit card as the backup payment for the loan they want to get

2. Where can you get the loans for poor credit rating?

2.1. Get a loan from national banks

The Advantages:

  • The bank give ciustomers tons of options (fees, incentives, and more)
  • The banks are set up for convenient features when customers get loans online as well as online bill pay;
  • The banks have 24/7 customer service to assist their customers.

The disadvantages:

  • Customers talk to an inexperienced bank agent;

2.2. Get a loan from credit unions

With a simple and secure application process from any device, first-time customers can have $500 – $2,600 cash in their pocket as soon as the next business day.

The Advantages:
  • The huge plus is the location
  • Shop smarter with personalized loan rates
  • The credit unions have lower rates than banks.
  • All without affecting the credit score.
  • Easy compare custom personal loan rates
  • The degree of flexibility when making loans.

The disadvantages:

  • You are limited to services and products offered by some lenders such as small credit unions.
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Loans for poor credit rating

2.3. Get a loan from online fast-money lenders

The advantages:

  • The loans are easy and fast to get.
  • Fill out the information and wait for approval.
  • Online loans are designed specifically for bad credit holders.

The disadvantages:

  • Interest rates be usually changed.
  • Can find paying 400.00% APR or more.

3. The interest rate on the loans for me?

  • The loans: $1,500 to $10,000
  • APR: from 9.99% to 35.99%
  • Typical term: 1 – 5 years

If the customers don’t repay the loans on time there will be extra costs:

  • The missed payment fee
  • The late interest

4. The advantages and disadvantages of the loans with a bad credit score.

4.1. The advantages 

  • The quick loan approval
  • Customers can get large amounts of money
  • The loans can help customers in improving the credit history 
  • Customers are not worried about the credit history

4.2. The disadvantages 

  • Customers easy to land on unscrupulous lenders
  • Can get the stringent terms and conditions
  • Can get the high-interest rate
  • People easy to cripple individuals without financial discipline

Because there are more and more people have poor credit, the best loans for bad credit have been born. In some previous articles, you can understand total personal loans such as Low-interest personal loans, Payday loans bad credit, Unsecured personal loans bad credit…

If the readers have poor credit scores and want to get personal loans in the US, you can get more information in each post such as Small loans for bad credit, Loans for people with poor credit, Low-interest personal loans, Online loans for bad credit or installment loans for bad credit…

Hillary (Team Content) – Info Credit Free