You may require a loan at any point in your life. Have a bad credit? You need not worry about that because there are loans that you can get despite your bad credit. Fixing the credit score is a cumbersome process and will take years. Here are some of the best loans that you can take without fixing your credit score.
New American Funding as Your Mortgage Loan
There are several types of mortgage loans given by New American Funding, namely, VA loans, FHA loans, and ARM, and conventional loans alongside several other types. A credit score of 580 is usually considered to be poor. But this company will offer you loans even with a credit score starting from that range.
Earnin as Your Payday Loan
It is a well-known fact that if you are taking a traditional payday loan, you are bound to pay high interest rates. But with Earnin, you will have zero interest rates irrespective of your location. Earnin is a breath of fresh air in the predatory world of payday loans and there is no catch to worry about.
Avant as Your Installment Loan
Avant is mainly suited for those who have a credit score that is not too good, not too bad mostly in the range of 600-700. The APRs ranges between 9.95% and 35.99% and you can take a loan amount of as much as $2000 to $35,000. Another good thing about Avant is their turnaround time is only one business day.
Marcus by Goldman Sachs as Your Debt Consolidation Loan
This is another loan that you can avail even if your credit score is as low as 580. The APRs range between 6.99% and 24.99%. But hey, look on the bright side. This is interest is the only thing you are about to pay because no extra fees or charges are involved. Compared to home loan rates and other charges involved, this personal loan can cover all your expenses.
Capital One as Your Auto Loan
If you want to get an auto loan despite a bad credit, Capital One can be your best option. Have a credit score below 580? Capital One gives auto loans with credit scores starting from 500. Moreover, their application procedure is swift and in case you are too busy, you can also opt for the online method.
Prosper as Your Peer-to-Peer Loan
The main working mechanism of this type of marketplace lies in the fact that your loan will not be directly funded by the concerned company but by the investors on the platform. And Prosper is one of the best companies to trust in this respect. Worrying about repayment penalties? With Prosper, there are none! To borrow from them, a credit score of 640 or above is enough.
Lending Club as Your Peer-to-Peer Loan Marketplace
Being one of the oldest lending marketplaces online, Lending Club is trusted by many. A credit score starting from 660 can get you a loan from this company. A time span of two weeks is what is required to get funded and loan amounts can range anywhere between $1,000 and $40,000.
So, with these loans, you need not worry about a bad credit score anymore. With time, your credit score will definitely improve but for the time-being, these loans will cover for you in times of financial crisis.