Personal loans are a type of installment loan. Unsecured personal loans are extended based solely on your ability to repay, as determined by the lender. Because unsecured personal loans aren’t backed by collateral such as your car or house, your financial situation may be closely scrutinized. Personal loans have many loan options available. Personal loans are most commonly used for debt consolidation.
Our personal loans are also available to those who are self-employed. Loan interest rates are similar to a credit card, and personal loans can be used to cover any type of expense. Most personal loans are unsecured with fixed payments. Personal loans are unsecured, relatively easy to obtain, and usually available in several amounts, from small to jumbo size. However, you need to remember that personal loans are still debt and you will have to pay back the principal, plus interest, in full.
Unless you can qualify for a promotional balance-transfer credit card offer, rates on personal loans are typically lower than those on a credit card, and the limits on how much you can borrow are usually higher. For help figuring out what personal loans are and if applying for one is right for you, fill out the contact form on this page and someone will get back to you with more details.
As the name implies, personal loans are a type of credit that consumers take out for a variety of personal reasons. Because personal loans are generally unsecured, their interest rates are typically higher than secured loans. Some personal loans are secured. For example, we offer personal loans that are tied to your savings account. However, most personal loans are unsecured which means if you default, the lender is on the hook for the money they’ve loaned to you. Personal loans are typically sought after if there is a big purchase that needs to be made or there is an emergency, and some unexpected expenses arise.
Our personal loans are installment loans which means if you are approved by the lender, you will receive a lump sum of cash that you will need to repay in a certain amount of time as dictated by the lender. Since personal loans are often unsecured, so you will most likely find much higher interest rates than you would if you were seeking a secured loan. And because personal loans are not secured, they may require a much higher credit score for approval.
Unsecured personal loans are loans with no collateral. Unsecured personal loans are available at certain banks and credit unions, as well as online through startups including peer-to-peer lenders. In short, personal loans are best for financing larger purchases or long-term expenses, while credit cards are better for smaller, everyday debts. Personal loans are considered to be installment debt. Most personal loans are unsecured, but some lenders offer secured loans that are backed by collateral and may have lower rates. Personal loans are either secured by collateral or unsecured and backed solely by your creditworthiness. Secured personal loans are less common than unsecured loans.
Bad credit is simply a description of a borrower’s credit score. Ultimately, the only person who can fix bad credit is the borrower who has it, and the process isn’t quick. However, you do have some options in order to get qualified for a personal loan:
Get a Co-Signer – Another option for borrowers with bad credit is to get a co-signer.
Get a Secured Credit Card – In most cases, the right credit card for bad credit is going to be a secured card. When faced with bad credit issues, the first priority is to establish a pattern of behavior that speaks to good credit habits.
One of the biggest consequences of having bad credit is being more susceptible to scams and other fraudulent behavior. Fixing bad credit is not something that can be done overnight, but at the same time, you don’t have to wait years. If your bad credit is still holding you back from qualifying for a refinanced mortgage, you also have the option of adding a cosigner to the loan. Bad credit is a very expensive burden, but we are here to help you get back on the road to good credit. We even offer a free eBook on how to understand and improve your credit score. Just fill out the form on this page for your free copy.
The first thing you should do when looking to refinance a car loan when you have bad credit is to check your credit reports and credit scores. Having bad credit is expensive, and not just because of the high interest rates lenders charge. Bad credit is not a life sentence, which is good news for the roughly one-third of people with credit scores below 620. The end result of inactivity when it comes to bad credit is more bad credit. Probably the biggest problem with bad credit is that it doesn’t exist in a vacuum. Bad credit is one of those problems, and the sooner you get it fixed, the sooner you can get on with your life and all of the dreams that you have for your future.
Bad credit is a FICO score under 640, which will make it more difficult for you to get credit at an affordable interest rate. If you are in this situation, the best alternative to a traditional credit card is a secured card from another major issuer. Want to know how much bad credit is too much in the banks eyes? Fill out the contact form on this page and one of our personal lending specialists can help you get the credit you need no matter what you credit score is.
Bad credit is sometimes the product of mistaken identity. The best way to begin rebuilding bad credit is to place a down payment on a secured credit card. Another side effect of having bad credit is the amount you’ll of money you’ll need as a down payment to make a secured purchase, such as a car or house. Bad credit is not an automatic decline in loan applications, however you will get a much higher rate than prime customers, and sometimes finance companies will also add fees to the loan. Bad credit is only a temporary situation and there are still ways to save money with your credit situation. Bad credit is a harsh reality for millions of Americans, but the upside is that it can be temporary. Most of the advertising to people with bad credit is centered on debt consolidation loans.
The truth is, finding a lender that offers personal loans for bad credit can be hard to come by. Personal loans for bad credit can be rather difficult to get because it can be rather difficult to get banks to loan money without collateral or a strong credit history. Personal loans from our firm can be a lifesaver if you are trying to keep your power from being shut off, avoid eviction, keep your car running or cover an emergency medical expense. Our personal loans for bad credit can be a lot easier to obtain as long as you meet the requirements. Unsecured personal loans for bad credit can be tough to find anywhere else, depending on how bad your credit really is and how much money you need. Our best personal loans for bad credit can give you the extra cash you need to pay off your debts.
We have been operating in the Mesa, AZ area for 16 years. Our experience has allowed us to find the very best sources for personal and business loans. Contact us today for the best loans and best rates in Arizona. Our personal loans in Arizona are affordable, convenient and you can apply for one at any time. Personal loans in Arizona are a specific type of loan where the loan is made without using any collateral. These loans are best for short-term needs with payoff terms of between 1 to 5 years.
Address: 451 E 4th Pl. Mesa AZ 85203
Also serving: Scottsdale, Peoria, Glendale, Gilbert, Chandler, Mesa, Tempe, Goodyear, Avondale, Litchfield Park