Are you broken by multiple loan rejections? Does everyone seem to turn a blind eye to your loan application because of your bad credit profile? You might not be able to build your credit score immediately to qualify for these loans. But here’s what you can do - apply for an Urban BCL. These loans may have high-interest rates, but they can get you the cash you need, and quite quickly too.
That’s not to say you should settle for loan offers with ridiculously high-interest rates though. Consider yourself safe from predatory lending when you apply for a loan through a reliable broker or connecting service. Good brokers like Urban BCL and US Installment Loans will connect you with licensed direct lenders who facilitate quick funding of bad credit loans at fair interest rates.
However, there’s an edge US Installment Loans has over Urban BCL that makes many borrowers tilt more towards the former. In this article, we will be juxtaposing both brokers to help you reach a decision when next you’re shopping for a loan.
What Is Urban BCL?
Years ago, landing a loan when you have bad credit is nigh on possible. Some loan applicants argue that’s still the case up till today. However, it appears this is their reality only because they have little to no knowledge about Urban BCL.
Urban BCL is a connecting service or broker that connects borrowers with lenders who have offers designed for both bad and good credit borrowers. Urban BCL is known for its zero origination and processing fee policy. Many of its partner lenders do not require collateral to approve a loan. Characteristically, these loans can be used for any purpose as with most loans you get from online lenders and lending services. Funding may also be quick depending on the lender.
How Do Bad Credit Loans at Urban Bcl Work?
Do you have bad credit? Do loans elude you because of a poor credit rating? You can find a good loan offer courtesy of Urban BCL. The proprietors of this lending service welcome you to complete a loan request form and send it. The process begins by clicking the ‘Get Started’ button and then, completing the short, simple form that follows with the right answers.
Soon after, you should know whether you are eligible for a bad credit loan or not. With some lenders, you may get pre-approved, then get a free, zero-obligation quote from them. By zero-obligation, we mean it’s up to you to accept the offer or not. Sign the offer if you agree to its contents and the lender should update you with the due date for your payment soon after.
Another Way to Get Legit Bad Credit Loans Online
US Installment Loans is another lending service you might want to consider. It is a popular choice among many borrowers because of its partner lenders’ high approval rate (up to 97%). You are likely to get an offer once you meet the basic eligibility requirements which include that you are a resident or a citizen of the US, have a government-issued ID, are at least 18 years old, and have a monthly income greater than $800.
We list a few of the most important reasons why you may wish to request a bad credit loan from our panel of lenders:
Simple application process
The entire application process can be completed online and the form is completed in as little as three minutes, something alien to loans from traditional financial institutions.
US Installment Loans’ partner lenders process funding as soon as the same day if you submit your request form before noon, or the following business day if your submission comes in a lot later.
High loan amounts
Depending on the lender and the state you reside in, you can get a bad credit loan of up to $5000. By all standards, this is considered a high amount to approve for a bad credit borrower.
Can be unsecured
With many lenders, you need to turn in a valuable asset as collateral to be considered. That’s not the case with US Installment Loans. This financial retailer can connect you with bad credit loan offers without a collateral requirement.
Relatively low-interest rates
As attested to many of its customers, US Installment Loans partner lenders charge some of the lowest interest rates you can find on bad credit loans.
Help build your credit
US Installment Loans partner lenders report on-time payments to the major credit bureaus (TransUnion, Equifax, and Experian). Therefore, paying back on time can help build your credit score back up over time.
How Does US Installment Loans Compare?
|How much do I qualify for?||Up to $35000||Competitive rates|
|What's the max loan length?||Up to 36 months||Fast decisions|
|Do lenders check my credit?||Yes||Soft credit checks|
|All credit levels accepted?||Yes||Bad credit doesn't matter|
|Chances of approval||Good||High approval rates|
|When am I allowed to apply?||24/7 online||Easy application|
How to Get a Bad Credit Loan via US Installment Loans?
US Installment Loans has one of the simplest loan application processes. This simplicity is common to all its loan offers, including those designed especially for its bad credit customers. Here’s how to apply for a bad credit loan on US Installment Loans.
Fill out a loan request form
Click here to fill out the short, simple form that follows. Choose the range your preferred loan amount falls within. Then you will be asked just the basics like your credit score range, contact information, and a few personal and financial information. Submit, and we will connect you to any of the lenders in our network.
The lender runs soft credit checks on your profile (as recommended by regulatory laws), and affordability checks to determine if you can afford a loan and how much debt you can take on at the time.
A funding decision or approval should be reached in under five minutes following these checks.
Sign a quote and get funding
Each lender that considers your application will send a quote highlighting the approved loan amount, interest rates, loan T&C, and loan term. Review the offers from different lenders and sign the quote that best aligns with what you need.
That’s all there is to it literally. Your cash is on its way and should be withdrawable from your checking account as soon as the following business day, if not the same day.