Lending for Bad Credit is an online marketplace of lenders that connects borrowers to lending partners. Users can fill out the Lending for Bad Credit form in two minutes or less, get qualified, review and sign their loan documents, and receive their funds as soon as the next business day.
The range between the possible minimum and maximum loan amounts for Lending for Bad Credit is much wider than that of other companies. While many companies’ minimum loan amount is in the thousands, loans for as little as $100 are possible through Lending for Bad Credit. And the maximum loan amount is $40,000, which is about average for the industry.
Lending for Bad Credit caters to borrowers who don’t have stellar credit, so there’s no minimum credit score to look for loans through the company.
Lending for Bad Credit’s form is completely online, and it uses 256-bit encryption, which is one of the most secure encryption methods, to keep the information submitted secure.
Because Lending for Bad Credit is a lending marketplace, rather than a lender itself, it doesn’t provide information such as lending criteria or APR ranges, which vary from lender to lender. Thus, any specifics about available loans won’t be provided until a loan is offered.
According to the Lending for Bad Credit website, most of the marketplace’s users get a short-term lending offer for between $100 and $1,000. Short-term loans generally have higher rates and shorter terms than personal loans, and the upper range of $1,000 is a far cry from the advertised possibility of receiving up to $40,000.