Rates & Fees
We’ll never charge you a fee to match you with a lender at Bad Credit Loans. Filling out and submitting your request is completely free. We use the information you provide to search our resources and match you with a reliable lender. Without complication, you can receive approval for a loan quickly.
Lenders Determine Rates
BadCreditLoans.com is not a lender. We connect you to reputable lenders within our network. Each individual lender will determine any interest rate on your loan, but since they’re all competing with each other within the referral service we provide, you have the luxury of shopping around on your own terms and choosing the repayment plan that suits your needs best.
When looking at the terms of your agreement, you may have concerns that the interest rates appear higher than traditional bank loans. Remember, the amount is paid back much more quickly than a regular loan, so the interest isn’t given a chance to ever stack up. We also keep our qualification requirements simple enough to allow almost anyone to qualify, even applicants who would most likely not be approved elsewhere.
Truth in Lending
After you’re approved for your loan, you can discuss the terms in as much detail as you are comfortable with prior to signing. If there are any doubts over your interest rates or repayment terms, there’s no obligation to proceed with the loan. Under the Truth in Lending Act, transparent contractual agreements are required by federal law, which helps protect you against predatory lending. Be sure to read all the fine print, so there are no surprises.
Using an online loan is designed to help you avoid financial hardship, not contribute to it, so only agree to loan terms that are well within your budget constraints. Defaulting on a loan will not help you escape that vicious circle of debt, and that should be your ultimate goal. If you change your mind and decide not to proceed, that’s okay too. You’re welcome to reapply at any time in the future.