In today’s era, it is not uncommon to struggle with financial issues. Unexpected expenses can arise and one needs to have quick money to deal with them. However, nobody’s pocket is a bank. This is why people can turn to take the support of loans.
On the other hand, it is not simple to acquire loans. You have to meet certain eligibility criteria and complete lengthy approval processes. Additionally, if you have a bad credit score, then your troubles are only increased.
Fortunately, you do have an option to get loans even if you have bad credit and get instant approval. An instant decision means that you can apply for loans that cater to bad credit scores as well as get funds within hours.
How to Get Instant Decision?
Direct lenders make it possible to get loans even if you have bad credit. The instant decision is made possible through an online approval process. These companies work without third parties or intermediaries. This way you can learn about them directly from the websites and only choose them if satisfied.
You will be able to choose a company that is trustable, reliable, and transparent based on your personal standards and not that of a loan broker. Since the information will only be shared with a reputable company you have chosen yourself, the risk of falling victim to a scam is less likely.
Loans Tips and Tricks
If you are looking for a simple professional advice, we got your back. Let us be clear with you, the best way to improve your credit score is by simply making on-time monthly payments. There are 5 main things that make up your credit: new credit accounts, types of accounts, credit history, the balance owed, and payment history.
Here at Loan Away, you get a great chance to improve your score as we report to EQUIFAX credit bureau about your payments.
How to Choose Direct Lender?
You can get a lot of information about a direct lender company for their website. The following are a few details to consider before applying for a loan:
On the lender’s website, check the about us section. Here you will be able to find when the company started, what kind of experience they have in the financial industry, and how long they have been providing loans. This is important information to judge the expertise and repute of a company.
It is important to pay attention to how much interest you will be liable to pay with quick loans. Search the calculation method of interest used by the company and any related policies.
Variety of Loan Offers
Instant loans will be available in several types. It depends on your affordability and ability to pay back what offer is most suitable. The more offers a company makes, the more chances you will have to make a good choice.
The Flexibility of Payment Schedule
With bad credit scores and financial troubles, your number one need is to pay back the loan as conveniently as possible. If the company offers a flexible payment schedule, then you won’t have to deal with much hassle.
The quicker the approval time, the more immediately you will be able to get loan funds. You should find out if the direct lender can approve the application within hours, days or more.
Reviews or Testimonials
Many websites will feature reviews or testimonials from previous borrowers. This will let you know the experience of others with the company; making it easier to decide if you want to do business with them.
Why Loan Away?
Loans offered by Loan Away are any purpose loans from $1000 to $5000, payable over 36 months or sooner if you wish. We understand that life can very unpredictable, so that is why we have created a simple online application form that will only take you 8 minutes to complete. Our knowledgeable customer service agents are always able to answer your questions and help you complete the application if you are stuck.
How Does an Instant Decision Work?
You will fill out an online bad credit application form and if you are lucky, you will get an instant decision in 10-20 minutes. It takes just a few minutes to complete and submit it. You will then be emailed a loan contract. If satisfied, you can sign the contract and send it back.
On receiving the signed contract, the lender will transfer money directly into the account you will have provided during the process. And that is how simple and instant the process is; merely taking a few hours.