If you need some extra cash one month, you are not alone. Many people find their finances pinched or want to make a purchase they can’t afford at one time or another. This is where personal loans come in. They offer cash that can be used for whatever reason they are needed with no limits and very often they are more flexible than other loan solutions. You may feel a bit stuck; however, when it comes to having bad credit, but there is no need. Bad credit personal loans are a growing necessity and because of this, there are multiple loan solutions for people who have bad credit.
With Car title loans there is no credit check and no need to provide credit information to the lender when you apply for a loan. These loans are secured with your car and the lender will take over the lien during the loan period, while you continue to drive your car and repay the loan. You will be offered a loan based on the value of your car.
These loans are based on the value of your paycheck and they are unsecured loans. There is no credit check and your financial history is not taken into account, although you must be employed to be eligible for the loan. These are short term loans and because they are unsecured, they usually have high interest rates.
Peer-to-peer loans are not specifically bad credit loans, but they are personal loans that are facilitated via a website that matches lenders and borrowers. Your credit score will be listed, but because they are loans from individuals, the individual may choose to offer you a loan despite bad credit.