Loansforpoorcredit.net makes bad credit loans available to those customarily turned away by banks, credit unions with a new service.
Atlanta, GA (PRWEB) August 19, 2012
The experience of being rejected for a loan, be it for a new car, a student loan or even a small business is disheartening. Yet in today’s financial climate, it is increasingly becoming the norm. Traditional depository institutions in the United States have been placed under increasingly draconian financial regulation to conform to stricter new insurance requirements. As a result, “high risk” lending or making financial products available to anyone with poor or bad credit is simply becoming a thing of the past.
There is, however, a solution. Loansforpoorcredit.net now makes loans available even for those with poor or even bad credit. Loans are entirely “fax-free” meaning no lengthy documentation process. There is also absolutely no credit check and the loans are secured entirely by a signature. All fees and charges on the loans are disclosed at the time the loan is awarded and a representative from one of Loansforpoorcredit.net’s vast array of network lending partners makes clear exactly what the repayment terms are and what the responsibility of the borrower is.
A spokesperson for the service said today, “The economic downturn of the last few years has hit the fiscally squeezed the hardest. There are far less credit options available than there used to be, yet people are still looking for loans for all sorts of expenditures – automobiles, vacations, student fees and to help a small business through a tough spot. We know that lending to any borrower with a poor or bad credit record is a tough proposition for many lenders, but at Loansforpoorcredit.net we specialize in exactly that. Our vast array of network lenders understand the position borrowers like this find themselves in and do whatever they can to help advance the funds people are looking for. “
Loansforpoorcredit.net is not a lending service it and of itself. Instead, it acts as a loan “aggregator” grouping together hundreds of lenders online and allowing the site’s technology to match the borrower with the lender best suited to make the loan. The visitor to the site must be a U.S. citizen and must be over 18 years of age. With only a social security number to hand, site users enter their personal, employment and banking details on an easy to use 1-2-3 form. The site is secure and personal details are not shared beyond the network of potential lenders who may approve the request. Once a loan is approved funds can be deposited in a matter of minutes or overnight, depending on the policies of the various banks involved in the transaction.
The spokesperson for Loansforpoorcredit.net said today “ Getting a loan can be a tough and difficult experience. Often people are embarrassed to go to family members or they may not be able to go to friends and relatives again. They need a loan and they need it fast. We’re here to help. With minimum inconvenience and minimal effort consumers can find out almost instantly whether they can secure the money they’re looking for.“
For more information visit website: http://www.loansforpoorcredit.net/personal-loans-poor-credit
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/8/prweb9793403.htm
This article (Loans for Bad Credit – Credit Market Expands this summer – Increasing Numbers of New Loans Now Available Even for Those with Bad Credit) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
