Most bad credit lenders accept applications and make loan decisions online. You may also be able to get help from a representative through a live online chat. Once your loan application has been accepted, the money will be wired electronically into your bank account. In a matter of minutes, you may be able to apply for and get approved for a loan without having to leave your home or leave work.
Visit a Lender’s Physical Location
If you don’t have a computer or access to a device with an internet connection, it may be possible to visit a lender’s physical location in town. Most towns and cities have a variety of lenders to choose from, and many lenders will offer the same interest rates and fees.
Therefore, it may not be a bad idea to visit the lender that is closest to your home or closest to your job to save time without worrying about paying too much. While there, you can talk to a representative who will help you fill out your application or answer any other questions that you may have. Expect to spend roughly 30-60 minutes to fill out the application and receive a paper check.
Mail an Application to Your Preferred Lender
If you don’t need loan proceeds right away, you may be able to mail in an application to the lender of your choice. While it may take a few days to process the application and receive a check, it may be an ideal solution for those who don’t want to miss work to stand in line or don’t want to submit an online application.
You should expect your money in the form of an actual check within 7-10 days assuming that your loan is approved. There may be a number that you can call or some other way to track the status of your loan to make sure that the lender has received it and that your money is on the way.
Borrowers with bad credit shouldn’t feel as if they are shut out from the credit market. While their options may be limited, paying a bad credit loan on time may help to put them on the path to greater access to traditional credit options in the future. More valuable information can be found on the We Loan Money website.