Installment loans for bad credit borrowers
January 25, 2018
Installment loans for bad credit borrowers is the go-to alternative to traditional bank loans. They also give you access to funds up to £1000, ideal for unexpected emergencies. There are alternatives out there for those of you who continue to struggle to receive loans due to poor credit ratings.
Do lenders really accept people with bad credit?
Our research shows that many customers with bad credit, believe applying for loans is a waste of time – this is simply not true. If you have been rejected in the past for installment loans for bad credit borrowers, that does not mean all lenders will reject you. To back this claim, every lender has their own unique criteria, in terms of who they are willing to accept. So, if one lender has a strict minimum criteria which you must pass, the next lender may be a little more relaxed.
Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed) APR rates range from 45.3% APR to 1575% Max APR. Your APR rate will be based on your circumstances.
What can Loanline do for me?
We help borrowers receive payday loans, due to our many partnerships in the loan industry. When applying for a loan through Loanline, we take your details and send them to a range of different lenders. Next, lenders calculate and assess the information you’ve provided and make a decision. If a lender determines that you do not meet their criteria, then you will be passed onto the next lender. This cycle will continue, until a lender approves. Once approved, you will be redirected to their website, where you will provide further information which they require.
Speed and Flexibility
Installment loans for bad credit borrowers provides true flexibility and a speedy process. If you’ve experienced an unfortunate and unexpected accident, the speed and flexibility of our services will be crucial. As an online broker, we can send your application instantly, to a host of different lenders. On the other hand, if you were to apply directly to a lender, you would have to wait for their decision. If rejected, this would mean having to repeat the whole process with another lender.
In terms of flexibility, we provide the option of both payday and instalment loans. With Payday Loans, you would normally have up to 31 days to repay the loan. Through Loanline, you can pay back in monthly instalment loans, making repayments not just smaller, but more flexible for your circumstances.
