Online Personal Loans With Monthly Payments
If you’ve ever struggled with having bad credit, you know how tough it can be to get approved for a credit card or any type of loan for that matter. However, lenders have been loosening their lending restrictions over the last decade and it’s easier than ever to get a personal loan with bad credit.
- No credit check so your score and credit report won’t be affected
- No need to put up collateral to qualify
- Approval is based off your ability to repay the loan
- Simple and affordable payment structure
- Tons of private lenders make it a borrower’s market
How do these loans work?
In a nutshell, when a bank or credit union reviews an application for a borrower with poor credit, they’ll either deny it outright or approve it, but with a higher interest rate or longer term. Yes, you’re being charged more money than someone else simply because you had some financial hardships. Is that fair? No, but that’s how the lending industry works.
Lenders balance out that higher risk of funding a loan for someone with poor credit history with higher interest rates. Typically, people with poor credit have a history of not paying their bills on time, or not paying them at all. Lenders are basically trying to recoup the initial loan as fast as they possibly can before the borrower starts missing payments. Again, is this fair? No, but we don’t work that way.
At King of Kash, our fast loans for bad credit work exactly the same as our quick personal loans. We treat every potential buyer exactly the same and give you the best possible interest rate we can.
What makes our online loans different?
Major financial institutions and banks may turn down your loan application because they keep their restrictions high so they only approve borrowers with great or perfect credit score. If they do approve you, you may have a ridiculously high interest rate and zero bargaining power to bring it down to an affordable number. While this protects the lenders, it leaves you high and dry.
You can easily get approved for personal loans online at King of Kash. We keep our loan terms to 12 months so you can pay them off quickly rather than paying hundreds of extra dollars in interest over two, three, or even four years. Our fixed interest rates make it all of your payments equal so you never have to guess what your loan payment will be.
Have bad credit? Not a problem!
You may be in a hole that you feel like you can’t get out of, but at King of Kash, we know that everybody needs financial help from time to time. Whether you need an online loan with bad credit, debt consolidation loan, home improvement loan, or an auto repair loan since your car broke https://paydayloansohio.net/cities/portsmouth/ down, we can help.
No matter what your financial standing is, your ability to qualify for one of our small personal loans is based of off of your ability to repay the balance and not your financial history or how much collateral you’re able to put down at signing. Our loans can be repaid in easy monthly payments, and help improve your credit, so you get the money you need without it impacting the rest of your life.
Once you’re approved for a King of Kash online personal loan, you can pick up your cash at the nearest King of Kash store location or have the money deposited straight into your checking or savings account!