subject: Find a Guaranteed-Approval Unsecured Personal Loan for Bad Credit Individuals: 3 Tips [print this page] When money runs short, the first thing you may try to do is find a way to either make more money or to cut down on your expenses. In today's economy, making more money is not always an easy thing to do. And, cutting down on expenses can be hard when you have credit card payments, utility bills, and rent or mortgage statements coming at you faster than you can handle.
The next thing you may consider when in need of money is to ask a family member or friend for a short-term loan. But, this is hard to do for two reasons. First, your pride can get in the way. Nobody feels great about asking someone else for money, and doing so can feel like you are a freeloader or just can't take care of yourself. The second reason is that your family and friends may be in the same boat - they may not be able to loan you money even if they wanted to.
Your third option is to take out a personal loan. This is great, especially if you believe you can pay it back within a reasonable period of time so that you can avoid paying interest fees as much as possible. But, what if you have a bad credit score - how can you qualify for a personal loan in that case?
If you are looking for a guaranteed-approval unsecured personal loan for bad credit individuals, here are 3 tips to get you on the right track:
1. Your credit is only one factor in determining whether you get funded:
You already know that your credit score - for better or worse - is the number one most important factor that determines whether you can qualify for an auto loan. But, did you also know that there are other factors? This is particularly true if you are properly searching for the type of lender who specializes in dealing with folks who have a bad credit score. These lenders look at other factors, such as details of your credit report, your employment history, income and others.
2. Your loan can be funded within 24 hours if you know where to look:
Making the right connection with a lender can mean your unsecured personal loan getting funded within 24 hours of applying. Nothing like a speedy payday when you need money now.
3. Do your homework by shopping around for the right lender:
Make sure that you take the time to do your homework. This involves looking for online resources and directories that specialize in making available to you lists of "bad credit personal loan lenders." Make sure to apply to at least 3 lenders before signing any loan application.
Follow these 3 tips to get you on the right track for getting your personal loan funded right away.
Find a Guaranteed-Approval Unsecured Personal Loan for Bad Credit Individuals: 3 Tips
