Bad Credit Loans in Athens-Clarke County, GA
A borrower with bad credit history can face a lot of problems when seeking loan approval from traditional financial institutions such as banks or credit unions. Traditional lenders usually require a strong or average FICO score above 580 for smooth loan approval.
But what if your credit is below average and you need quick funding?
It’s not possible to boost your credit rating at once as it may take time. However, in the meantime, you can opt for personal loans from third-party lenders. There are various bad credit loan options that applicants with less than perfect credit can choose from.
These loans are easier and quicker to obtain when there is a financial emergency. Thus, these are viable for applicants who have subpar credit scores.
What are Bad Credit Loans?
These are short-term loans specifically meant for those who are deemed risky borrowers according to the FICO standards. These loans are given by third-party lenders based on the repaying ability of the lender. However, you can also avail them against collateral.
Thus, these loans can be divided into two main categories: secured and unsecured bad credit loans. At Capital Bad Credit Loans, we offer a range of bad credit financing options and assist borrowers to connect with the right online lenders.
Types of Bad Credit Loans in Athens-Clarke County, GA
There are many different loan options available for borrowers to choose from when it comes to secured and unsecured bad credit loans. You can choose from the following types of loans depending on your loan requirements:
Payday Loans
These are unsecured short-term loans that can be taken when you are short on cash and your paycheck will take a few weeks to come. Online payday loans in Athens, GA, provide a quick loan for 15-30 days or up to 6 weeks at most. The loan amount will be due at your next pay.
Unsecured Personal Installment loans
When you have a steady income source but no collateral to provide the lender or lending partner, you can apply for an unsecured personal loan. It does not require any collateral and is available at a reasonable interest rate. You can pay it in fixed installments as per your financial condition.
Auto Loans or Car Title Loans
These are secured loans that are granted to borrowers who own a vehicle title under their name that they can use as collateral. For this borrowers need a lien-free car title certificate and proof of income. The loan can be paid back in small installments.
So, whether you are looking for payday loans, unsecured bad credit personal loans, or secured auto title loans, fill out our online application and get expert assistance today!
Requirements for Bad Credit Loans in Athens-Clarke County, GA
Getting a bad credit loan is easy as long as you fulfill the lender’s credit criteria. To be eligible for loan approval applicants need to check all the following boxes:
- You must be a legal adult i.e., 18 years of age or above
- You should have a government-issued ID proof (license, passport, etc.)
- You must have a valid and active bank account under your name
- You must have a reliable source of income to prove your ability to pay
- You must be a valid resident of Athens-Clarke County, GA
Additionally, depending on the type of bad credit loan you apply for, you may need to submit a few extra documents as per the lender’s requirements. The sooner you submit all the required documents, the faster you can get your loan approved.
How to Apply for Online Bad Credit Loans in Athens-Clarke County, GA?
It is a pretty simple and straightforward process that includes three key steps, such as the following:
1. Fill out the e-form
To submit your loan application you need to complete our simple online loan request form available on the Capital Bad Credit Loans website. Make sure to fill in your full name, correct address, phone number, income details, and select the loan you need.
Applicants can securely feed their personal details to initiate the loan process. It will then be sent for review after which the lending decision will be made.
2. Get Approval
If you have successfully submitted the application and fulfill the minimum requirements, your loan will be approved. When the final approval is given you will also receive the loan agreement to sign.
3. Sign the Contract & Get Your Money!
The loan agreement will contain all the relevant information including the interest rates, Annual Percentage Rate, loan amount, monthly payments, etc. If you agree with the loan conditions you can sign the contract and expect to receive the loan proceeds shortly.
We strive to help applicants connect with the right online lenders, and get the best offers that suit their needs. However, you can easily turn down the offer if you don’t agree with the loan contract without paying any penalty.
How Does a Bad Credit Personal Loan Help Applicants With a Low Credit Score?
Even the smallest things can hurt your credit scores and it can be a long way before you can improve your credit score to reach an acceptable level. Meanwhile, to manage any emergency expenses, you can rely on short-term bad credit loans.
Athens residents can acquire any loan amount, without having to go through a lengthy loan process or extensive credit check by opting for bad credit personal loans. Here are the top ways you can use these loans to maintain a good credit score:
Avoid Missing Payments
The payment history is one of the top factors which help determine 35 percent of a person’s credit score. Thus, any missed payments can result in a falling credit score. In that case, you can consider getting a quick bad credit loan to prevent missing any payments.
Clear Credit Card Debt
If you have accumulated a credit card debt, it may reflect poorly during a credit check. So, if you fail to pay the credit card bill, you can use the loan proceeds from a bad credit loan to pay it off.
Improve Credit Score
Using a bad credit loan to keep up with timely paying your bills, credit card debt, and paying off other loans can help improve your credit worthiness. Additionally, most bad credit loans don’t affect your credit scores, helping maintain your credit score at a stable level.
No Credit Check or Collateral Mandatory
Unlike traditional lenders who always run a credit check, loans from third-party lenders don’t necessarily require a hard credit verification or collateral for loan approval. Instead, as long as you can provide sufficient income proof you can get a fast loan despite a poor credit score.
If you have a poor credit history, apply for a bad credit loan and get an estimate today!
Get Extra Cash By Applying Online for a Bad Credit Loan in Athens-Clarke County, GA
Your bad credit score can become a serious obstacle when applying for a traditional loan. Thus, when you are facing this issue and looking for a quick cash advance, you can opt for bad credit loans from Capital Bad Credit Loans in Athens-Clarke County, GA. We offer a range of short-term financing services.
So, what are you waiting for? Apply online and get instant approval right now!