Do you need to find a personal loan and fast? Do you have bad credit and are worried that lenders will not work with you? Getting personal loans with bad credit has never been easier because lenders are struggling to find business right now. Lenders have no choice anymore if they want to keep their doors open that have to lower their standards and work with bad credit. This is good for those of us with bad credit and here are your loan options.
The starting point is your current bank or credit union. You never know if your bank or your credit union will work with you and they might since you already bank there. You can get a loan against your investments or against your car and banks will work with you because of your relationship with them.
Second, there is always Prosper. This is a lending company that matches up individual lenders with borrowers. You can hop online, join Prosper, create a loan listing, and watch as other individuals bid on how much they are willing to lend you and at what rate. This is completely online and you can have money as fast as you need it. The best part is if your loan funds early, then some of the bidders might be willing to fund your loan for a lower rate.
Last, if you absolutely have to there are always payday loans or cash advances that you can get for 30 days. These range from $100 to abut $1,500 and are completely based on your income. They usually do not even check your credit. They just require that you have a job and an active checking account. There may be other requirements as well, but these are the normal things that they look for when doing personal loans with bad credit.