12M Loans

12M Loans, also known as 12 Months Loans Bad Credit and 12monthsloansbadcredit.com, is an online loan website founded in 2015. It helps with short-term loans (payday loans), unsecured personal loans, and installment loans. It operates one storefront in Redding, California and offers indirect loans to customers in about 40 states.

12M works with borrowers with good and bad credit.

Rather than a direct lender, 12M lets users fill out an application online, and then sends your information to dozens of lenders in its network to find the best loan you qualify for.

Although policies are left up to the lender that accepts you, most lenders will do a soft credit check.

Eligibility:

• 18 years old
• U.S. citizen or permanent resident
• Active bank account
• Active phone number and email address
• Stable, verifiable income

There are a few different types of loans offered, but the loan you qualify for is up to your state’s short-term loan regulations.

Payday Loans:

• Max: $1,000
• Term: By your next paycheck
• APR: 200%-2,290%

Installment Loans:

• Max: $5,000
• Term: Usually 24 months
• Min. APR: 35.99%

Personal Loans:

• Max: $100,000
• Term: Up to 60 months
• Min. APR: 4.5%

Keep reading our 12M Loans review for pros and cons of working with this lender.