How to Find a Personal Loan With Bad Credit
Whether to pay bills, buy a car or take a vacation, personal loans are available to those with less than perfect credit. Follow these simple steps to learn where and how to apply for that extra cash and be on your way to receiving it.
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Instructions
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Apply with a direct lender. Example: American General Finance at agfinance.com. Unlike traditional lenders, this company uses its own credit scoring system, accounting for such things as on-time rental housing payments or other non-traditional credit lines. American General works with borrowers who might have low credit scores but can compensate in other areas.
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Apply for a secured loan at unitedfinance.com. United Finance loans are available to residents of Oregon, Washington and Nevada. They typically require collateral such as an automobile or motorcycle. The company offers loans for bill consolidations, automobiles and other purposes.
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Apply for a title loan at a title loan company in your area. Title loans require no credit check and they can give you cash right away. Most title loan companies allow you to keep your automobile during the term of the loan. Many pawnshops also offer title loans.
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Go to a pawnshop. Short-term personal loans are offered on items of value such as firearms, jewelry, electronics, video games and musical instruments. There are no credit checks with these types of short-term loans. Most pawnshops have a high interest rate, but they give you cash right away. They might make a higher offer on your items if you are willing to sell.
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Get cash quickly. Just as personal loans can carry a high interest, so can credit cards. Instead of paying the interest on a personal loan, pay it toward a credit card that has a cash-back feature. Apply for a subprime credit card and get cash back. Apply at firstpremier.com or continentalfinance.net.
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