Bad Credit Loans in High Point, NC
North Carolina is a state in southeastern America adorned by lush green meadows and clear skies. The city of High Point in this state is the perfect place to live in, as it has majestic architecture and a serene environment
While most of the time, the financial situation of citizens living there is more than okay, there can come times of distress.
And such tough times call for extra caution and extra money. So, North Carolina citizens sometimes need to borrow money, too, to get through the month. If the applicant has a perfect credit history to show, a bank loan is at hand. However, if the credit history is bad, there are no chances of getting one.
To provide the best services to those who do not have those impeccable credit scores, the right option is getting bad credit loans in high point, NC. And we, at Capital Bad Credit Loans, offer the same.
What is a Bad Credit Loan?
Bad credit loans are a kind of personal loan in that having good credit history for loan approval is not a compulsion. These loans are specifically designed for people who struggle to obtain a bank or conventional loan due to lower credit scores than accepted.
If you’ve been denied a loan from any bank or credit union and are unable to borrow from family or friends, a bad credit loan may be a viable option. It lets you obtain cash in a very short period of time without any hassle as there are only three short steps.
Types of Bad Credit Loans in High Point, NC
Speaking about the types of bad credit loans, we can classify them into two categories, unsecured and secured loans. An unsecured bad credit loan is a loan that neither requires a perfect credit score nor any collateral.
Secured loans, on the contrary, are only accessible if the borrower has collateral. However, your bad credit score won’t matter.
Now, under these two types of loans, there are subcategories and they have been explained hereafter:
Personal Loans
A personal loan can either be secured or unsecured, it really depends on the lender. Since it is a bad credit loan, poor credit history is not an obstacle; the applicant can easily borrow money as long as other conditions are met. These loans can either be for a shorter term or a long term (if in form of installment loans).
Payday Loans
A payday loan is another unsecured loan option where the lender just keeps a check signed by the borrower. The check has an amount equal to the total loan plus the interest on it. This check is cashed on the day the borrower’s salary rolls in. In the case of online payday loans, the lenders keep an e-check.
Car Title Loans
These are secured loans where the lender only gives money only after putting a lien on the borrower’s vehicle title. Here, the title acts as collateral.
Complete Process of Applying for Bad Credit Loans in High Point, NC
The process is very simple, and quick, and comes with utmost ease. All you need to do is follow the three-step process of applying for Capital Bad Credit loans in High Point, NC.
Apply Online
The very first step is to visit our online portal and apply for a bad credit personal loan online. Filling out the application form won’t take much of your time and will be completed in a few minutes.
Review and Sign the Agreement
Upon receiving all the documents and information, we review your loan application very carefully. Post which, if your application for the bad credit loan seems eligible, we send over the loan documents via email. You can read the agreement carefully and digitally sign it using a smart device.
Receive your Money
There is no compulsion of signing the loan document. Sign only if you are satisfied with the services and agree to the loan term. If not, you are under no obligation; walk away without paying a single cent.
If you choose the sign the document, you will receive your money in a short while. The money will be directly deposited into your bank account.
The Requirements of Bad Credit Loans in Durham, NC
Contrary to the common notion, this loan will not demand a lot of effort from borrowers. As bad credit loans are meant to be quick and seamless, you don’t require a plethora of documents to get approved. All you need to get approved for this kind of installment loan are:
A Valid ID
In order to get a loan, you must provide/share a government-issued ID with your photo on it. This is important for authentication and making sure that you are at least 18 years old.
Steady Income
A steady source of income can be proved via bank statements, salary slips, and tax returns. You must understand that you should only have a steady flow of funds and they can also be through disability checks, security checks, etc.
An Active Bank Account
Since your money will be transferred to your checking account, you must provide the details. These details only include your bank account number and routing numbers.
Proof of Residency
The last thing required is a document that could justify you being a legal resident of High Point, NC. There are multiple ways to prove your residency, including:
- Utility bill
- Vehicle registration card
- Mortgage statement
- Income tax statement
- Housing lease or contract
Will a Credit Check be Performed?
Poor credit history or no credit history can make the borrowing process impossible. But it is not true for bad credit loans. Although Capital Bad Credit Loans does not focus on your credit scores, however, we may perform a credit check and you will have to agree to that prior to starting the process.
These credit checks will be soft thereby not affecting your credit scores any further.
Advantages of Bad Credit Loans
From a short loan application to being a relatively fast process, a bad credit loan has a lot of benefits. This is one advantage but this is not the only one; the complete list of advantages includes:
- Fast Loan Decision
Since we just assess the information and then run quick verification; we come up with options based on your requirements in a pretty short amount of time. You can get an instant lending decision.
- Free Online Assistance
We care about our customers and hence, we try to offer a platform for customers’ financial services and the best-suiting online lenders.
- Unemployment is not an issue
As told, regular employment is not a requirement; a steady flow of funds is. Therefore, all those who are receiving money in the forms of social security, compensation, etc., can get a bad credit loan!
- No application or inquiry charges
Starting the loan process does not mean you can in a financial or legal binding. If you have not signed any loan agreement yet, you can always walk away without giving any money.
Things That Can Be Done With the Loan Money
It is really your call; you can do whatever you wish to do with your money. You can either pay your bills or you can make new purchases. Here are some things which you can do with your loan money:
- Pay for medical emergencies
- Pay your credit card bill
- Move expenses
- Pay for tuition fees
- Cover home repair costs
- Pay your rent
Looking for a Quick and Hassle-free Loan Option? Apply for a Bad Credit Loan
If you wish to get money in a short period that too without completing unnecessary formalities, you can apply online for a bad credit loan. With Capital Bad Credit Loans, you can experience a smooth and seamless experience that is hundred percent online.
So, don’t wait anymore; start your online process right now!