Bad Credit? Get A Loan Online
Even if you have had credit problems in the past, you may still have the chance to get a bad credit loan online. While it takes time to restore your credit, such expenses as car repairs, medical bills, or any other emergency costs can't wait. In fact, bad credit loans monthly payments might help ease the stress of paying these unforeseen expenses.
Did you know that a third of Americans have a credit score lower than 601 – the distinction between bad and fair credit.* You are not alone! You can apply for a bad credit loan online today.
How Do Monthly Installment Loans for Bad Credit Work?
So what’s involved in the process? To get started, you simply need to fill out a quick loan application online. With these monthly installment loans for bad credit, you will be given the flexibility to repay over time. You don't need to offer any collateral or give anything as security for repayment on your loan. You don't even have to own an asset like a home or car to qualify. Though lenders cannot approve every loan application, people with poor credit may get approved.
Other lenders might make you wait for an approval decision. In contrast, most of our customers enjoy approval decisions right away† online. For applications submitted during business hours, typical approved customers get money transferred to their bank accounts in as little as 24 hours.**
After you get a personal installment loan, you make monthly installments to repay it. In some states, you may have up to 36 months‡ to repay the balance.
Why Turn to Balance Credit for Bad Credit Loans?
So why choose Balance Credit? First, our customers trust us and recommend us to their friends and family. We are here to make even challenging financial situations a little easier. Service from Balance Credit doesn't end after you've received your money and start making payments. While you should have lots of time to pay back your monthly installment loans for bad credit, you're welcome to repay them early without any extra penalties or fees. In fact, early repayment can help you save money on interest.
If you have any questions about your repayment schedule, you can contact customer service at any time to get your answers. We want to offer you solutions that help make your life easier and not to cause you extra financial stress.
How to Qualify for Bad Credit Loans
Qualifying may be simpler than you think — there’s no need to have perfect credit or collateral, and many applicants get their requests funded within one day.** If you need quick cash for an urgent situation, a personal loan may provide you with the most convenient solution. To learn about your approval amount, fees and terms, apply now for an unsecured bad credit loan.
†In some cases, the decision may take longer. Some customers applying for Balance Credit or third-party loans may be required to submit additional documentation to verify application information.
**Customers whose applications are received and approved by 6:00 PM Central Time on a business day will typically receive ACH deposits from the lender to their bank accounts the next business day.
‡Balance Credit is not a lender in all states. Not all loan requests are approved. Rates & Terms vary by state.