Bad Credit Personal Loans FAQ

Here are some of the more commonly asked questions we've collected from consumers requesting more information about personal loans.

Q: I have terrible credit, can I still apply for unsecured personal loans with your company?

A: YES! We work with lenders that specialize in helping people with terrible get the personal loans they need!

Q: I have bad credit. Can I still apply for an unsecured personal loan with your company?

A: Yes. We have lenders that focus on helping people with bad credit receive the personal loans they need.

Q: How long does it take to get approved for a personal loan with your service?

A: You can apply for personal loans 24 hours/day. Once you fill out the application, one of our lenders will be contacting you shortly, and hopefully have you approved within 24 hours.

Q: How long does it take to get a personal loan approved with your service?

A: When an application has been filled out, our lenders will contact you shortly and hopefully approved within 24 hours.

Q: What kind of interest rates should I expect on my personal loan?

A: Depending on your credit history, and the level of credit danger all have some influence on the interest rates of your personal loan. Compute Payments with our our payments calculator. Use it to figure out what your loan payments and total interest charges may be by calculating several different interest rates with different principal amounts over various durations of loan terms. Its simple to use and its FREE! Also, don't hesitate to ask the lender conduct your personal loan, or send us an e-mail if you have any questions regarding your personal loan interest rates.

Q: What are the interest rates that I should expect to see with my personal loan?

A: Credit history and your level of credit danger all influence your interest rate on a personal loan. By using our Payment Calculator, you can figure out what loan payments and total interest you may have. Our FREE service calculator is simple and easy to use. Please e-mail us if you have questions concerning your personal loan interest rates or just ask the lender conducting your loan.

Q: Will having a co-signer help me get approved for my personal loans?

A: DEFINITELY! The probability of getting approved for your personal loans rise if your co-signer has respectable credit!

Q: Can having a co-signer increase my chances of getting approved for my personal loans?

A: Yes. If your co-signer has good credit, your approval for your personal loans have an even better probability.

Q: Will each lender pull my credit report?

A: Each lender has its own policy regarding credit reports. Some will pull your credit report before offering you a loan, others will pull it after you've accepted their offer. Unsecured-Bad-Credit-Personal-Loans.com, however, will not pull your credit report at all. We do not make credit decisions.

Q: Does each lender pull my credit report?

A: Every lender has a different policy concerning credit reports. Some pull credit reports before offering you a loan and others will pull it after an offer has been accepted.

Q: Does pulling my credit report three times damage my credit?

A: All inquiries for your credit report within a 14-day period will count as one inquiry if you are looking for a mortgage to purchase a home, a mortgage to refinance your home, a home equity loan or line of credit, or an auto loan. If you are looking for a personal loan or credit card, however, each inquiry will be counted separately.

Q: If my credit report is pulled three times, does that damage my credit?

A: There is a 14-day period when all inquiries made on a certain credit report counts as one inquiry. This will count only for a mortgage to purchase or refinance a home, a home equity loan, line of credit, or a car loan. Each inquiry made on a personal loan or credit cards are counted separately.

Q:How will I find out which lenders are reviewing my application?

A: The lenders who are reviewing your loan request will contact you via E-mail. In some cases, they may call if other contact proves difficult.

Q: Can I find out which lender review my application?

A: Lenders make contact through e-mail if they are reviewing your loan request. A phone call may be made if necessary.

Q: Can I negotiate directly with the lenders?

A: Absolutely. You are under no obligation to accept a lender's first offer. In fact, if you've received a better offer from another lender, you certainly have the right to negotiate a better deal, if one is possible. Once you have been contacted by a lender, feel free to discuss different loan programs.

Q: Am I able to work in direct contact with the lenders for negotiating?

A: Yes. When you have been contacted by our lender, you are free to review all the different loan programs available to you and negotiations may be discuss as needed.

Q:Do you have lenders who deal with less-than-perfect credit?

A: Yes! We have lenders who work with borrowers with perfect credit and not-so-perfect credit. Although we can't guarantee that you'll get a loan offer, we will try to match your loan request with lenders who are the most interested in working with you.

Q: Do lenders work with people who have bad credit?

A: Yes. Some lenders deal with all types of credit, whether you have good credit or bad credit. They will try to get you the best loan that they can and try to match your requested loan. Researching the right lender for your situation is key.

Q: How will I find out about my loan offers?

A: Within one business day, each lender will contact you via E-mail or phone, depending on your availability, regarding their decision on your loan request.

Q: When will I know the results of my loan offer?

A: A contact from lenders regarding your loan request should be made within 48 hours via e-mail.