Bad Credit Loans in Fort Lauderdale, FL
Your credit score usually drops when you spend money on any unplanned and needless purchases and fail to pay your debt on time. It can make your credit score poor, leading to financial difficulties in getting a loan from a traditional bank or credit union.
Fortunately, a low credit score won’t keep you from getting emergency funding via a bad credit loan. These loans are designed for people whose credit report is poor. Thus, when you need quick funds, you may want to explore the bad credit loans in Fort Lauderdale, FL.
What are Bad Credit Loans?
The traditional lending institutions rely on credit scores to provide loan approval. However, if your credit score is not ideal, you may not get a bank loan approval easily, especially when you need funding quickly. This is where bad credit loans can come in handy.
These are approved by third-party lenders. Unlike the personal loans provided by a traditional lender, the process is much easier, quicker, and doesn’t require excessive credit scrutiny. It means you can get loan approval regardless of your good or bad credit scores.
As long as you can prove your ability to repay the loan on time, you can easily get approved for a quick bad credit loan with Capital Bad Credit Loans.
Apply Online for Bad Credit Loans in 3 Easy Steps!
We offer an online application process, so applicants with bad credit don’t have to go through too much hassle, such as standing in lines or long waiting times for approval. You can get a personal loan by simply applying online by following the below steps:
1. Fill Out Loan Application
You can find the bad credit loan application form on our website. You need to submit your basic information and follow the on-screen prompts to complete the application. Once the application is submitted, you need to wait for the eligibility assessment.
2. Get a Lending Decision
After your application has been carefully reviewed and you meet the minimum requirements, you will be given the loan approval. You will receive the loan agreement containing all the details, including loan amount, loan term, repayment, interest rate, and other factors.
You need to carefully read and understand the loan terms before signing the contract, as they cannot be altered afterward. Thus, don’t skip reading the full loan terms.
3. Get Your Money!
If you agree with the loan term and decide to sign the document, the money will be deposited into your bank account shortly by lenders. You can also choose to receive the money via cash in hand, get the check mailed to your address, or through MoneyGram.
What are the Essential Requirements to Get Bad Credit Loans in Fort Lauderdale, FL?
When you are considering applying for a bad credit loan in Fort Lauderdale, FL, you need to adhere to certain rules and regulations to meet the specific requirements. Thus, you should know the eligibility requirements such as the following:
- You need to meet the legal age requirements i.e., be 18 years old or above.
- Applicants need to submit their basic personal information such as their legal name, address, phone number, etc. They must provide valid and authentic documentation for a quick approval.
- Applicants need to have an active bank account in their name to receive the loan proceeds.
- Applicants must have a steady and reliable income source to demonstrate their paying ability.
If you want to know your loan eligibility, fill out the online application form and apply for bad credit loans in Fort Lauderdale, FL, today!
Types of Bad Credit Loans
Bad credit loans can be classified as secured loans (require collateral) or unsecured loans (without collateral). The following are the most popular bad credit loans that you can choose from:
Payday Loans (Unsecured)
The payday loans are generally given for a very short term, such as 15-30 days. These are due for repayment when your next paycheck comes. These are ideal when you are a few bucks short and need cash fast without a long bank loan process.
Personal Installment Loans (Unsecured)
Similar to payday loans, bad credit personal loans are unsecured loans (i.e., no collateral is required for loan approval). However, these can be paid off with fixed monthly payments instead of paying the full loan amount at once.
Auto Title Loans (Secured)
When you need to borrow a large sum of money fast, auto title loans in Fort Lauderdale, FL, can be a viable option. These require your vehicle title as collateral, thus, are considered secured collateral loans.
Bad credit borrowers can get a loan amount based on their car’s market value, usually equivalent to 25% to 50% or more, depending on the lender you choose.
If you want a no-obligation loan estimate, simply fill out our online application form and get a loan offer today!
What Can I Use the Loan Money for?
You can use the loan proceeds from your bad credit loan for a wide range of purposes. For example, when you borrow money, credit card debt can be paid with it, or you can use it to pay off other loans.
You can also use the loan for paying emergency household expenses, auto repairs, financing your vacation, and much more. Thus, depending on your needs, you can use the money for your personal use as you like.
If you are interested in applying for a bad credit loan, schedule a consultation today!
Reasons to Choose a Bad Credit Loan over a Bank Loan
Bank Loans require a good credit score to grant easy loan approval to eligible candidates. However, if you have a poor credit history, you may be unable to qualify for traditional personal loans.
In that case, bad credit personal loans online from a third-party lender might be your last resort. Additionally, the following are a few reasons to choose bad credit loans in Fort Lauderdale, FL:
Poor Credit History is Accepted
When applying for a personal loan online from third-party lenders, you don’t need to be worried about poor credit scores. At Capital Bad Credit Loans, we assist borrowers with all types of credit history to get quick loans.
No Lengthy Loan Approval Process
Unlike going through a time-consuming and frustrating process of banks for taking personal loans, online bad credit loans from reputed third-party lenders are much easier to obtain.
Unsecured & secured Loans are Available
Banks usually require a decent credit score with reliable assets as security until the loan term ends. However, you can get approved for bad credit loans (such as payday loans or installment loans), even without any collateral.
Quick Funds Accessibility
When you get the loan approval, you don’t need to wait too long for funding to be available. The funds with be credited to your bank account shortly after final approval. Thus, no need to wait for weeks or months to acquire the funds you need right away.
Apply for a Bad Credit Personal Loan with Capital Bad Credit Loans Today!
It may take you a long time to fix your bad credit score. But in the meantime, whenever you need quick funding despite your poor credit score, you can reach out to Capital Bad Credit Loans for expert assistance. Our services include a range of short-term financing solutions for applicants at competitive interest rates.
Feel free to apply for bad credit personal loans in Fort Lauderdale, FL, and get an estimate today!