A direct lender can approve your loan application in minutes and fund it as soon as tomorrow. This fast turnaround time means that you can meet obligations and move on with your life. You can pay back the loan balance over an agreed period, and the interest rate will not climb to high levels. If you need a larger amount of money, consider a line of credit.
How to got Bad Credit Loans Guaranteed Approval
These loans have a few key requirements. First, you must show the lender that you have a steady income and you are not in too much debt. It also helps if you have a good track record of paying off other forms of credit. And finally, you must be available to answer their questions. It is best to apply during business hours to ensure that you are ready for their reply.
The interest rates and fees charged by bad credit lenders can be high. APRs can be anywhere from 5.99% to 199%. You may also have to pay origination fees, which can add up and increase your loan amount. Fortunately, there are now several ways to get a direct lender bad credit loans guaranteed approval.
Direct lenders typically require less documentation than banks. This makes it easier for them to approve your application. Most direct lenders will require no more than a basic list of personal information, including your full name, address, phone number, date of birth, and employment information. This information is needed to run a credit check on the borrower’s record and determine whether they can repay the loan in a timely manner.