If you are young and unestablished, you may have trouble qualifying for a loan at all because you simply have no history. Or maybe you have some dings on your credit report. You can still get a loan, you should just expect it to be a subprime personal loan.
What Is A Subprime Personal Loan?
Subprime personal loans are second-tier loan products for people who either don’t have a credit record or who have a history of problems paying. You may hear them referred to by a variety of terms, such as:
They tend to charge more interest than other loans, but this doesn’t mean they are bad loans. A good loan is one that helps you move your life forward by resolving a problem that would cost more to not fix than the loan costs.
So you can do some quick and dirty cost-benefit analysis to determine if fixing your problem makes more sense than not fixing it and decide for yourself what makes sense for you.
Where Can I Find A Subprime Personal Loan?
These days, the easiest way to find just about anything is via the internet. However, a generic internet search is not always the best means to find what you are looking for online. Everyone knows how frustrating those can be.
Instead, you should go through a loan matching service, like TheGuaranteedLoans. We keep a private database of information on vetted lenders and their loan products to help you find the loan you need. You fill out one form with us and when we find a match, we let the lender know who you are and how to contact you. Then you complete the application process directly with them.
Let’s Talk About Paperwork.
Subprime personal cash advances are usually for relatively small amounts of money with a short turn around time. You don’t need much paperwork for them.
You do need to show you are a legal adult and a citizen or legal resident of the US. This can usually with a copy of a valid photo ID, such as:
- Driver’s license.
- State-issued ID card.
- Military ID card.
- Tribal ID card.
- College ID card.
You will also need proof of income, such as a recent pay stub or a recent bank statement. You may be able to get a PDF from your online account, making it easy to attach to an online loan application. Yes, the digital era of paperwork has arrived!
Apply Now For A Subprime Personal Loan.
Take a few minutes to pull the information you need, then let TheGuaranteedLoans help you find the funds you need. We try to keep things simple and walk you through the process.
Are you ready? Then click the button below to get started on your application.