The average American carries $38,000 worth of debt. Being in debt makes it harder to obtain loans or pay for necessary items.
Debt can also ruin your health and your relationships. It’s even worse if you have bad credit.
In many cases, those with bad credit need a loan to require having a guarantor. But if you don’t have one, you still have options.
Keep reading to learn how you can apply for loans for bad credit no guarantor.
How to Get Loans for Bad Credit No Guarantor
Start out by taking the following actions:
2. Deal with any issues involving your credit score
3. Learn about secured vs unsecured loans
4. Determine if you can repay the loan
Read the Fine Print Before You Sign
You should also take the time to read the fine print of any loan before you sign. There may be hidden fees or a high APR (annual percentage rate) you need to be aware of before you take on more debt.
Do some comparison shopping to learn as much as you can about bad credit loans without a guarantor.
1. Total Visa Card
You’ll need a checking account in order to apply for a Total Visa Card loan. However, it’s an easy application process.
You’ll enjoy manageable monthly payments and the Visa card is accepted nationwide and online.
2. Fingerhut Credit Account
A Fingerhut credit account is an easy application process. You can build your credit history since they report to all three credit bureaus.
You can use your line of credit to shop almost anywhere. However, it’s not an access card.
3. Money Mutual
Money Mutual offers short-term loans up to $2,500. It’s a simple application process that takes less than five minutes and you can have the funds available in as little as 24 hours.
Money Mutual is an online marketplace made of up lenders. It’s not available in NY.
4. CashUSA.com
CashUSA.com offers loans from $500 to $10,000. They accept all credit types.
You’ll receive your decision in minutes and the money is directly deposited into your bank account. You can use this loan for any purpose.
5. PersonalLoans.com
PersonalLoans.com offers loans ranging from $500 up to $35,000. All credit types are welcome.
They’re available in all 50 states and are a large lender network. You can use the loan for any purpose and receive your funding within one business day.
6. Bad Credit Loans
Bad Credit Loans provide loans from between $500 and $5,000. They’ve been in business since 1998.
They’ll help connect you with a lender. All you have to do is fill out a simple form. Once approved, you should receive your money within one business day.
7. Cash Advance
Cash Advance offers short-term loans ranging between $100 and $1,000. Those with bad credit are welcome and they have a large network of lenders.
You are required to have an income of at least $1,000 per month. You must also prove you’ve worked at the same company for at least 90 days.
Get Your Finances in Order
Before taking out loans for bad credit no guarantor, it’s a wise idea to get your finances in order. That way, you can use your loan to improve your credit score and reduce your debt.
We can help. Check out our blog to get your finances in order.
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