Let's take a look at what the deal is here. These are unsecured loans, so no deposit, no collateral, no car title, no mortgage, nothing is at risk. The borrower does't put up anything to get a poor credit loan, risks nothing except paying a fee for the loan. And you will know what the fee is before you get the loan. There won't be any surprise fees or other charges here. You don't have to be a homeowner. You just need to be employed with regular paychecks rolling in. Your next paycheck is what guarantees the loan. The lender will take their repayment and fee out of your next paycheck, and it will happen electronically, taken from your bank account. It's a reversal of the way you received the money.
|A Poor Credit Loan
Gives You Cash Now
Our lenders' loans offer a quick way for anyone to get emergency cash, a service not otherwise available to persons with poor credit or no credit history at all. The lenders have almost no guarantee that borrowers will pay back the loan, so in return they have to charge higher interest rates than traditional lenders. With nothing to back up the loan except a future paycheck, the truth is, lenders have to recover costs of high default rates on any poor credit loan they make. They not only charge higher interest rates, but they also give much shorter periods of time for repayment. But for folks who can't get emergency cash any other way, it's a service they are willing to pay for. When there's an emergency payment, a car repair or an unexpected medical bill, and nowhere else to turn, a poor credit loan is a good deal.
With so little paperwork and no faxing, there aren't any delays with poor credit loans from our lenders. A simple application takes minutes to fill out, and the submission is over the internet and we all know that's fast! The requirements are so easy!
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