Yes, you can still get unsecured bad credit loans to solve your pressing financial problems… if that’s what you are looking for.

This article tells you all about the traps to avoid and the best ways to get the right unsecured loans even with a bad credit score or history.

applying for unsecured bad credit loansIf you have a bad credit score then you may have given up on the thought of ever getting a loan.

Lenders in general do not want to loan money to people with bad credit scores because they see them as high risk.

The lender wants to be confident that they will get their money back plus interest.

But don’t despair just yet; there are still legit ways to get unsecured bad credit loans.

Whenever you apply for a loan there are going to be some checks performed and a judgment made.

Whether you like it or not this is going to happen. People do make mistakes when it comes to money.

Unfortunately these mistakes end up negatively impacting credit scores which then makes it tough to get another loan.

This article stats by first looking at what your options are if you have bad credit.

 

How To Get $5 to $50 Daily Without Getting Unsecured Bad Credit Loans

As you will see from reading this article, trying to get an unsecured loan when you have a bad credit history is a VERY BAD idea, as it will most certainly frustrate you and even cause further problems than you currently have.

As you will also see from the rest of this article, your best bet is to try to find money from other sources, even if not exactly the amount you need. One really awesome way to get extra money, every single day, is to click here and share your thoughts and opinions with SurveyJunkie.

You can make from $5 to $50 every single day just doing this. I know that might not be a lot of money but think about it – this is money you can earn in your spare time, while still doing what you are already doing.

And if you think $5 to $50 is not a lot of money, it’s really not – but it can add up!

Do the math and you will see that $5 to $50 every single day adds up to $150 to $1,500 every single month.

If you GET STARTED TODAY, won’t an extra $150 to $1,500 a month from now make a lot of difference to your present financial situation?

Even if the $150 to $1,500 doesn’t solve all your present financial problems, it can help you prevent falling for the traps of payday loan companies, unsecured bad credit loan companies and many other loan sharks out there. Most of them are out there to get desperate people like you and I.

Click here to join SurveyJunkie for FREE and start making $5 to $50 every single day ($150 to $1,500) monthly, rather than risking your bad credit further by getting unsecured loans!

 

First things first when thinking of applying for unsecured loan with a bad credit

Yes, there are certain considerations before thinking of even applying…

 

Start by Checking your Credit Score

You need to know what your current credit score is before you even think about applying for an unsecured bad credit loan.

ways to get unsecured bad credit loans

The loan companies or lenders will certainly be taking a look at your score so you need to know what it is too.

If you go to FreeCreditReport.com you can check your score without charge. Your score may not even be as bad as you think.

It’s one of the first rules of effective credit management to know what your score is, all the time.

If your credit score is not very good then there are a number of things that you can do to improve it.

This is worth looking in to, as low credit scores will mean that you will pay more in interest if you get approval for a loan.

What you can do to improve your credit score

  • Start paying your bills on time – this has a big impact.
  • Make sure that you do not use more than 30% of your credit limit – this is another big factor.
  • Don’t close your credit card accounts – even if you pay off the balance completely having accounts means that you have more credit available which is a good thing.
  • Drive down debt – start paying more than the minimum balance to drive down your debt.
  • Consolidate your debts – you are likely to pay less in interest with a consolidation loan.

 

Payday Loans are not a good idea

People with bad credit often fall into the trap of going for short term or payday loans because they think that they do not have any other options.

In case you don’t know, Payday loans are, by and large, advance against the next paycheck you get.

You give permission to the payday loan companies to take a certain amount from your next paycheck, until the loan is fully repaid, as well as the interest.

If you are not using any of the best money saving apps or any of the best investment apps and your interests keep increasing, you end up paying a lot more than you originally took.

tips to get unsecured bad credit loans

Some of the payday loan companies even insist that you write them a post-dated check for the exact amount of the loan they give you, along with all the fees due.

You may even be required to date the check and sign a contract which states that the check gets held by the loan company until you fully repay.

The big problem is that if you end up defaulting on a payday loan, you could suffer similar consequences as one suffers when they default on a credit card or other type of loans.

This could end up with criminal prosecution filed against you.

Thankfully you do have other options as you will see later in this article.

Unless you get yours from some of the best instant payday loans providers, the APR with most payday loans is very high indeed.

Some start at around 350% and some are more than 1000%.

If you get into a payday lone spiral it can be very difficult to get out of it.

Payday loan companies will never tell you this but they know that it is good for their business.

It isn’t good for you so don’t do it.

Also See: How To Find Best Loan Places Near Me.

 

Is Going For Unsecured Bad Credit Loans An Option?

It could be, if you know what you are doing and have all the right information to guide you.

But before even thinking about these types of loans, it’s critically important that you know exactly what they are and what it will cost you to get them.

 

What Are Unsecured Bad Credit Loans?

As the name implies, unsecured loans are those types of loans that loan companies can give you even without you providing any collateral, hence the word “unsecured”.

As for the “unsecured bad credit loans” refer to someone with bad credit still been able to get these types of loans without any collateral.

It’s very hard to get unsecured loans with bad credit

So, yes, it’s very hard to get such loans when you have a bad credit, but it’s not impossible.

Many people looking for these types of loans are those who have bad credit and haven’t been able to get normal types of personal loans, even when using personal loan apps.

Again, it’s not impossible to get these types of loans, as you can see from reading the rest of this article.

The interest rates are very high for unsecured loans with bad credit

One thing to know before you proceed is that the interest rates are much higher than those without bad credit.

The loan companies are taking a huge risk giving people with bad credit these types of “unsecured” loans.

And as you obviously know by now, when the risks are high, the costs are high as well. Loan companies offer such loans with very high interest rates and usually other charges as well.

Consider other options before going ahead with unsecured loans with bad credit

So, yes, you can get unsecured loans even with bad credit but your options won’t be very good ones. Knowing that before proceeding is very important.

The first option you have is to do all you can to see if you can get the money you need elsewhere.

So, let’s explore other options you have first, before talking about where you can apply for unsecured bad credit loans.

 

Some Options or Alternatives to Unsecured Bad Credit Loans

After reading all the above problems of payday loans and unsecured loans with bad credit and you still want to go ahead, perhaps try out other options first.

Yes, there are still other options beyond payday loans or bad credit loans. It’s very important to exhaust all other options before going for bad credit loans.

Below are some of these other options or alternatives that you should try, before deciding to go ahead with unsecured bad credit loans:

 

Try other means of EARNING some of the money you need

As said earlier in this article, trying to get an unsecured loan when you have a bad credit history is a VERY BAD idea, as it will most certainly frustrate you and even cause further problems than you currently have.

Your best bet is to try to find money from other sources, even if not exactly the amount you need.

One really awesome way to get extra money, every single day, is to click here and share your thoughts and opinions with SurveyJunkie.

You can make from $5 to $50 every single day just doing this. I know that might not be a lot of money but think about it – this is money you can earn in your spare time, while still doing what you are already doing.

And if you think $5 to $50 is not a lot of money, it’s really not – but it can add up!

Do the math and you will see that $5 to $50 every single day adds up to $150 to $1,500 every single month.

If you GET STARTED TODAY, won’t an extra $150 to $1,500 a month from now make a lot of difference to your present financial situation?

Even if the $150 to $1,500 doesn’t solve all your present financial problems, it can help you prevent falling for the traps of payday loan companies, unsecured bad credit loan companies and many other loan sharks out there. Most of them are out there to get desperate people like you and I.

Click here to join SurveyJunkie for FREE and start making $5 to $50 every single day ($150 to $1,500) monthly, rather than risking your bad credit further by getting unsecured loans!

 

Try to find some collateral for “secured” loan 

Yes, you should absolutely try as much as you can to find some collateral to help you apply for “secured” loan before EVER thinking of an unsecured loan if you have bad credit.

I know you might think you don’t own a house or other valuable asset, but those are not the only types of collateral you can put towards a loan.

If you think and look around very carefully enough, you might find some collateral that the loan company will find valuable enough.

For example, even that car of yours that you think is not that valuable, can be put as a collateral towards a loan.

Even if you are still repaying the loan for your car, you can still use that car as a collateral.

Surprised?

You are not alone.

Many people are surprised when they hear this.

It really works, but only if you have paid off a good portion of the loan on the particular car.

If you have, then great!

You simply use the car title loan to borrow.

Of course it’s not going to be super easy to do, but it can be done.

And you may have better success using this to borrow from your bank or credit union.

More about using your credit union after this point.

Try to borrow from friends and family members

I know this is an option many of us hate to consider, especially because of pride or other personal reasons.

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But think about it – if you do have friends and family members that can help, it’s 1,000 times better than going the “unsecured loans with bad credit” option.

Even if your pride is affected but you get the loan and end up repaying, who cares? That’s the thing – if you end up repaying, no one would care.

In fact you will even be respected more by your friends and family members if you end up repaying!

So, if you can have friends and family members that you are sure can help out, you should exhaust this option first, before thinking of unsecured loans with your bad credit.

 

Try selling things you have to come up with some money

No matter who you are or what your circumstances are, it’s possible that you have one or more items you could sell to get some extra money.

Even items you think are not worth much to others just might be.

And thanks to the Internet, it’s easier now to sell things than was the case before the Internet.

You can even sell shoes online these days on websites like Craigslist without even paying a dime. Yes, sites like those exist that allow you to list for free.

What about the phone you have? If it’s an iPhone you know they can still be sold for good money even after having used them for a while.

If this is the case, here are some of the best places to sell your iPhone, for some much needed extra cash.

 

Try to Use a Credit Union

The good thing about being a member of a credit union is that they will not judge your loan application purely on the basis of your credit score.

It is not always easy to become a member of a credit union, unlike how easy it can be to get a costco membership for example, so you will need to convince them that you are worthy.

A credit union will look into your financial history but they will also take into consideration the job that you have now, the area where you live and other factors like where you attended school.

If you have made financial mistakes in the past then admit this and tell them what you are doing to put things right.

 

Try Personal Installment Lenders

Some personal installment lenders offer bad credit loans.

If you have an emergency to pay for or you want to borrow money to consolidate debt which is high interest then they can be sympathetic to your case.

These types of loans are different from normal small personal loans, so make sure you know what you are getting into before proceeding.

Again personal installment lenders do not just look at your credit score.

They will take a number of other factors into account so just be honest with them.

You have a better chance if you do that.

 

Get someone to Co-Sign your Loan

A co-signer is someone that has good credit and is willing to take over your loan repayments if you cannot manage them.

With a co-signer you are likely to get a lower interest loan if their credit is really good.

banks unsecured bad credit loans

 

Do whatever else you can, to get extra money

If any of the above don’t appeal to you, there are still other options you could try, even if they are extreme or “out there”.

For example, if you are a female, you could try egg donation for money (some centers pay as much as $15,000), you could sell your hair online for money, you could participate in paid clinical trials,  etc.

Yes, these are all extreme ways of getting extra money, but hey – they are worth trying, before thinking of unsecured loans when you have bad credit.

 

If all these options fail to get you the much needed funds

If you have exhausted all the above options and still don’t have the funds you need, only then should you go ahead with applying for an unsecured loan with your bad credit situation.

As you can see, yes, I am trying all I can to discourage you from unsecured loans with a bad credit situation by even encouraging you to try extreme ways of getting extra money.

All because most people taking out these loans don’t come out better off at all.

As bad as it looks for the lenders giving you this type of loan, they still have a lot to gain.

They are still in business of giving people with bad credit these loans because they are making more money than they are losing.

So, the best tip for you if you decide to go ahead is – work with genuine and best loan companies only!

That’s critically important!

Since you will come out of this worse off, you are better off going with companies that are reputable and not all out to prey on the desperation of people like you.

 

Best Places for Unsecured Bad Credit Loans

Yes, there are still best places for unsecured bad credit card loans, if you still want to go ahead, despite all you have read here.

Below are some of them:

 

1. BadCreditLoans.com

If your credit score is really in the dumps then you can try out the services of this loan provider.

The main reason why they are worth a try is because they have a large network of lenders that will loan money to people with poor credit in some cases.

The main drawback of using this service is the high rate of interest that you are likely to pay.

Rates of around 36% are not uncommon.

Another issue is that you are unlikely to receive a loan of more than $1,000 with bad credit.

That’s why you may be better off looking for how to make 1000 dollars fast through other means.

Although there are no guarantees with the service it is free to apply and they do pre-approve applicants fairly quickly.

Click here to check out BadCreditLoans.com

 

2. OneMain

With OneMain you have a company that specializes in many types of loan both unsecured and secured.

They will accept applications from people with bad credit and they have helped many people in the past get easy cash.

how to apply for unsecured bad credit loans

You are more likely to be able to get an unsecured bad credit loan from OneMain from $1,500 to as high as $10,000.

They have an online service as well as branches in 44 states.

Be aware that the worse your credit the lower our loan amount will be and the higher the interest too.

Click here to check out OneMain.

 

3. Peerform Peer to Peer Loans

If your credit score is low but not really low then Peerform can be a good option for a peer to peer loan.

With peer to peer lending loan applicants match with individual investors who may loan money.

Do not use Peerform if your credit score is less than 600 because you will face immediate rejection.

The good thing about Peerform is the loan amounts can be up to $25,000 and the APR is not usually as high as with other lenders.

It can take a while for you to receive the funds from a Peerform loan though.

Click here to check out Peerform.

 

4. Unsecured Bad Credit Loans are possible

As you can see from reading this article, it’s is possible to get an unsecured loan with bad credit.

The best advice is to not panic and give up too easily. Also, do whatever you can to improve your credit score so that you can open up more choices in the future.

But as you also read from this article, you should only proceed with trying to get an unsecured loan with your bad credit situation, ONLY AFTER you have exhausted all other means of trying to get the money you need.

 

How To Get $5 to $50 Daily Without Getting Unsecured Bad Credit Loans

As said in the beginning of this article, your best bet is to try to find money from other sources, even if not exactly the amount you need. One really awesome way to get extra money, every single day, is to click here and share your thoughts and opinions with SurveyJunkie.

You can make from $5 to $50 every single day just doing this. I know that might not be a lot of money but think about it – this is money you can earn in your spare time, while still doing what you are already doing.

And if you think $5 to $50 is not a lot of money, it’s really not – but it can add up!

Do the math and you will see that $5 to $50 every single day adds up to $150 to $1,500 every single month.

If you GET STARTED TODAY, won’t an extra $150 to $1,500 a month from now make a lot of difference to your present financial situation?

Even if the $150 to $1,500 doesn’t solve all your present financial problems, it can help you prevent falling for the traps of payday loan companies, unsecured bad credit loan companies and many other loan sharks out there. Most of them are out there to get desperate people like you and I.

Click here to join SurveyJunkie for FREE and start making $5 to $50 every single day ($150 to $1,500) monthly, rather than risking your bad credit further by getting unsecured loans!

 

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