As one of the best-known and top-rated bad credit online lenders, BadCreditLoans.com allows customers to request anywhere between $500 and $10,000. The site is not only easy and free to use but also blends smoothly with all types of devices and browsers. But is the website trustworthy? And should you request a loan through it? Go through the following sections of this review to discover more about BadCreditLoans.com.
BadCreditLoans.com – The Basics
Bad Credit Loans isn’t a lender. It is a free service that connects you with lenders that will present their loan offers to you. The website allows you to access lenders that can provide different types of loans, including traditional credits. Also, some lenders in the network offer a line of credit. By using BadCreditLoans.com, your loan request will be sent to the massive network of financial service providers and lenders using the proprietary technology that the website utilizes.
If you can’t find a lending partner that is willing to accept your request, the platform features many ads for other providers. On top of that, it can connect you with offers for credit repair, debt relief, and plenty of other credit-related services. You shouldn’t worry about your sensitive information since BadCreditLoans.com doesn’t show other companies your details. These companies only get your contact details from the website to keep in touch with you.
Once you get a loan, you will pay interest to your lender and pay the credit on the listed date. Bad Credit Loans was established in 1998, and Chief, LLC operates it. The website has been used for more than 20 years, meaning it is legit.
BadCreditLoans.com – How Does It Work?
At BadcreditLoans.com, you’ll find a few simple steps that you need to go through to access one of the best loan providers in your area. These steps include:
Complete a Convenient Online Form: Once you access the official website, you will find a convenient online form that requires you to provide basic information about yourself.
Fulfill Eligibility Requirements: When filling out the form, you must be able to fulfill all eligibility requirements, including 18 years of age, proof of citizenship, regular income, home and work telephone numbers, a valid email address, and a checking account in your name.
Go Through the Loan Request Process: The BadCreditLoans.com loan request procedure is designed to connect you with a legit lender from the network. If successfully linked, a lender will be able to verify your information within minutes and review your credit request. Be sure to check all details of a loan you are considering. You’ll not be obligated to accept the loan offer if it isn’t the perfect match.
Repayment: If you’re presented with a loan offer that you accept, your lender will provide you with a repayment schedule, and you’ll have to repay your installments over the provided time.
BadCreditLoans.com is available 24/7, meaning you can access its services. Keep in mind that BadCreditLoans.com cannot dictate your credit terms and conditions and interest fees and rates.
BadCreditLoans.com – Features and Benefits
BadCreditLoans.com offers several features that are designed to enhance your overall experience. These features are:
24/7 Service: The website is available 24 hours a day and seven days a week.
Privacy and Security: BadCreditLoans.com protects your sensitive information with the latest encryption technology.
100% Free Service: There is no obligation or cost to use the BadCreditLoans.com services. To keep the services accessible, the site presents you offer for all credit-related services such as credit monitoring, credit repair, and debt relief.
Extended Lender Network: If there isn’t a lender in the network willing to accept your request, BadCreditLoans.com will still show your request to other third-party non-lender networks to help you find a loan provider in any of their networks.
Pay for Anything: After getting the cash you need via BadCreditLoans.com, you are 100% free to use it for anything, ranging from fixing your car to paying off past-due bills.
Three Easy Steps: The site makes it easy to request a credit in three straightforward steps. You only need to complete the simple form and see if you’re linked to a lender, take your time to compare all of the options available and finalize your loan request process and review other non-credit offers to see if any of them makes sense to you. That is all you need to get started.
BadCreditLoans.com – Pricing
As already mentioned in this review, BadCreditLoans.com is 100% free. That means there’re no fees or costs involved with using the website. After connecting with a lender through the site, you’ll only pay fees and interest to that loan provider. If you don’t pay back the good plus the loan at the due date, you’ll have to pay extra fees.
Bad Credit Loans gets a commission by linking lenders with individuals who need credits. Each lender provides BadCreditLoans.com with a certain percentage of cash for all borrowers they refer to the site.
BadCreditLoans.com – Borrowing Terms, Fees, and APRs
BadCreditLoans.com doesn’t charge a fee for connecting loan borrowers with the best lenders. But lenders in the platform’s network charge interest in the form of APR and other loan-related fees. More details about BadCreditLoans.com’s fees, borrowing terms and conditions, and APRs.
Loan products usually have a 3-month minimum repayment term and a 6-year maximum repayment term.
Each loan offered by a lender will have an APR.
Generally, APRs in the network vary between 5.99% and 35.99%. They vary depending on the information that you supply in your credit request.
Landers usually have different rates for their customers, ranging from fees and APRs.
Every lender in the network provides loan fees, APR, and other terms and conditions, allowing users to compare a range of lenders. Before you can accept any loan from a provider within the BadCreditLoans.com network, you should read the credit requirements carefully since repayment terms and APRs differ from one lender to another. Look out for additional charges and missed payment fees in the terms and conditions.
For example, if you decide to borrow $2,000 for a year with an APR of 19.9% and a repayment of $183.63 a month, your repayment will be $2,203.560. Compared to other types of loans, installment loan products are expensive, and they aren’t a good option, as they are excellent for emergency needs only.
BadCreditLoans.com – Range of Credit Score
Whether you have bad credit, average credit, good credit, or no credit score levels, BadCreditLoans.com will accept you. And if you don’t qualify for a loan via BadCreditLoans.com’s main network of lenders, the site provides you with a secondary network that features additional options. The range of scores that BadCreditLoans.com offers ranges from between 300 and 850. According to most platforms, including Experian, typical credit score ranges are:
- 450 and below: poor
- 450 and 600: Fair
- 600 and 750: Average
- 700 and above: Good
- 800 and above: Excellent
Many lenders also consider your FICO score, which is slightly different from the credit score. A typical FICO score between 300 and 850.670 and 839 is considered a reasonable range. Some lenders use VantageScore to know loan options that blend effortlessly with your needs and requirements.
BandCreditLoans.com – Borrowing Requirements to Fulfill
When it comes to terms and conditions of credit score, each lender requires you to fulfill different requirements. Some of these requirements include the amount you can borrow and the minimum payments. To access a list of lending offers available near you, you need to provide BadCreditLoans.com with the following basic information:
- Your name
- Date of birth
- Social Security Number last four digits
- Amount requested is between $500 and $10,000
- ZIP code
When you are filling out the application form at BadCreditLoans.com, you’ll find various questions that you need to answer to verify your identity. The answers you provide also determine your risk of repayment. Before you can view any of the lendings offers available in your area, you need to give details on:
Your Address
You must specify the period you have lived at a given address. On top of that, you need to determine if you are a homeowner or not.
Reason for Requesting Loan
There are many reasons for requesting a loan. These reasons include the likes of auto repair, debt relief, debt consolidation, emergencies, student-related, education, major purchase, taxes, business, mortgage or rent, vacation, and moving medical.
Source of Income
BadCreditLoans.com asks you to provide your current source of income which can be self-employment, employment, or alimony/benefits. Additionally, you will need to provide information about your employment, including the period you have been employed and the frequency you receive income or get paid.
Monthly Gross Income
Another thing that BadCreitLoans.com requests you to provide is your monthly gross income. It uses this income to calculate the total amount you can borrow. Any amount you make before deductions and taxes is your monthly gross income, and it includes rental properties, investments, wages, and retirement. To compute your non-taxable benefits or income, you just need to add 25%. After that, the next important step is to identify your state ID or driver’s license number.
Social Security Number
BadcReditLoans.com will request you to provide your Social Security Number. Loan providers use your Social Security Number to check your credit, prevent fraud and verify your identity.
Bank Account
BadCreditLoans.com will ask you to specify your bank account type, which can be savings or checking. You should provide the correct bank account because this is where your lender will deposit the loan once you qualify. Keep in mind that most loan providers prefer a checking account.
Type of Deposit
You will also need to provide the type of deposit you feel comfortable with. BadCreditLoans.com offers two options, which include a paper check or direct deposit. Lenders prefer direct deposit to a paper check. Also, Bad Credit Loans asks the period you have been a customer at your bank, ranging from under 12 months to more than 2 years.
Routing Number or ABA
The last thing that BadCreditLoans.com requires you to provide is your account number and an ABA or routing number. After providing all of these details, you’ll be able to access a comprehensive list of loan offers near you.
So what’s the Catch?
Completing the registration process by providing the required means that you agree to get information from BadCreditLoans.com’s marketing and loaning partners. Apart from receiving loaning offers, you will also get helpful information about debt relief, credits, and other loan-related services from the marketing partners of this website. The best part is that BadCreditLoans.com partners with thousands of marketing and creditors partners.
BadCreditLoans.com – Online Reviews
Since its establishment, BadCreditLoans.com has enjoyed a vast customer base. And as a result of this, many previous consumers and top-rated organizations have provided lots of positive reviews. Generally, this platform has many positive reviews compared to its competitors, and a considerable percentage of professional reviewers have given the platform a score of more than 80%. Some of the reviews seen online are:
FinMasters.com – A Score of 8 out of 10
The FinMasters editorial team loved the customer support, the ease of use, and the effectiveness provided by the platform. However, the team took issues with the need to provide sensitive information upfront and the pricing.
Fortunly.com – A Score of 4 out of 5
Based on the Analysis of the Fortunly.com editorial team, BadCreditLoans.com deserves 4 stars out of 5. Some of the features that is is based on when rating the website are the user-friendliness of the website and the comprehensive list of lenders that it provides.
BadCredit.org – A Score of 4.6 out of 5
The BadCredit.org editorial team awarded BadCreditLoans.com a rating of 4.6 out of 5. BadCredit.org praises the platform for connecting borrowers to potential lenders within the shortest possible time, and the best part is that the whole process is straightforward.
Better Business Bureau – An F Rating
The Better Business Bureau has provided an F rating. While most BBB customers complain about unwanted calls and emails from third parties, Bad Credit Loans has been operating for over 20 years. Based on the Better Business Bureau research, Bad Credit Loans has had 0 complaints in the past 12 months and only 2 protests across the last 3 years.
According to these reviews, BadCreditLoans.com has a more than average reputation among its consumers and reviewers. However, some of them take issues with the way the company uses customers’ information. They claim that BadCreditLoans.com shares phone numbers, email addresses, and other contact details with its marketing partners.
The users of the platform receive texts, emails, and phone calls from marketing firms and loan providers. On the other hand, others like the platform because of its extensive list of lenders and ease of use.
BadCreditLoans.com – About the Company
According to the official website, BadCreditLoans.com is a company designed to help people. It makes it simple for users to get the loans they are looking for. Bad Credit Loans claim that it isn’t a lender; it is just a platform that links borrowers to the best lenders free of charge. If you want to contact BadCreditLoans.com, you can achieve that through:
- Phone: 800 – 245 – 5626
- Email Address: support@badcreditloans.com
- Email Form: https://www.badcreditloans.com/contact-us/
- Mailing Address: Bad Credit Loans 2661 N Pearl St #431 Tacoma, WA 98407
Chief, LLC is the founder of the company and the operator of the website. The company was founded in 1998.
Final Thoughts
If you have a bad credit rating, then BadCreditLoans.com should be your final destination. This website connects individuals with bad credit ratings with some of the best lenders. Visit BadCreditLoans.com and complete the easy registration process to start your application today.
After that, you’ll be sure to access thousands of top-rated lenders near you. Currently, the website accepts loaning requests of between $500 and $10,000 with friendly repayment terms of between 3 months and seven years. Access the official website of the platform to learn more by clicking here! >>>
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Disclaimer:
Please understand that any advice or guidelines revealed here are not even remotely substitutes for sound medical or financial advice from a licensed healthcare provider or certified financial advisor. Make sure to consult with a professional physician or financial consultant before making any purchasing decision if you use medications or have concerns following the review details shared above. Individual results may vary and are not guaranteed as the statements regarding these products have not been evaluated by the Food and Drug Administration or Health Canada. The efficacy of these products has not been confirmed by FDA, or Health Canada approved research. These products are not intended to diagnose, treat, cure or prevent any disease and do not provide any kind of get-rich money scheme. Reviewer is not responsible for pricing inaccuracies. Check product sales page for final prices.
