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Lending for Bad Credit Review

Reviews 3
Lending for Bad Credit
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Lending for Bad Credit
Lending for Bad Credit
Great
Reviews 3
Derek Porter
Jan. 20, 2024
4 min read
Derek Porter
Lending for Bad Credit Summary
Lending for Bad Credit is an online loan referral service that can be a particularly useful solution for anyone in the market for a debt consolidation loan. Lending for Bad Credit gives consumers a convenient one-stop-shop to receive multiple offers for personal loans and cash advances without the headache of filling out dozens of applications.

Pros

  • Quick loan request process
  • Approval process of just 24 hours
  • No origination fees or any other fees

Cons

  • No consumer reviews or ratings
  • No dedicated customer support model

Lending for Bad Credit Lending for Bad Credit Visit Site

Overview

Lending for Bad Credit is not a traditional lender, rather an online loan referral service that connects consumers with a marketplace of companies who offer personal loans and cash advances. Lending for Bad Credit specializes in personal loans; however, it works with lenders who offer other short-term loans so that its services can be made available to consumers with good and bad credit.

Suitable For?

Lending for Bad Credit offers a one-stop shop for loans by sending consumer loan requests out to multiple lenders. This service saves the time and headache involved in filling out multiple loan request forms for consumers who don't have the time to go from lender to lender looking for the right offer. While Lending for Bad Credit doesn’t reveal all the details about how consumers are eligible for borrowing, the majority of loans offered by its lending marketplace are short-term loans. These loans are typically borrowed by those with little, no credit, or bad credit.

Loan Features

Lending for Bad Credit focuses on connecting consumers to lenders through a secure form used to transfer consumer information to the lenders within its marketplace. Consumers can then review and ultimately decide if they agree to the terms and conditions of the loan presented to them. Lending for Bad Credit can get you money quickly, without the need for all the hassle of traditional lenders like large banks.

The Loan Request Process

The loan request process is entirely online and takes two minutes to complete. If approved, the consumer can receive their funds in as little as 24 hours. After completing the single form that includes, among other things, your desired loan amount, monthly income, credit score, and zip code, Lending For Bad Credit shares it with its marketplace of lenders and other providers so they can review your information to determine if it meets one of their lending requirements. Lenders that are a part of Lending For Bad Credit marketplace typically only offer personal loans and cash advances which generally do not require credit checks. For this reason, customers with low or no credit score often turn to Lending for Bad Credit when they need cash, quick. Keep in mind that throughout the loan request process, loan review procedures vary by lender. Most personal loan companies will review an consumer's information in national databases that track consumer lending transactions, such as Teletrack, DP Bureau, or DataX, but this search does not affect your credit.

Loan Terms

If a consumer has been approved for a loan, they are immediately passed on to the lender and Lending for Bad Credit is no longer a part of the lending process. The terms and regulations of the loan are then disclosed and the information remains strictly between the consumer and the lender. Information required from the consumer will vary from lender to lender, but general requirements include:

  • Monthly income equal to or exceeding $1,000

  • Verifiable income for at least four weeks

  • Current phone number

  • Current bank account in the consumer’s name

  • Consumers birthdate and social security number

Repayment Terms

Lending for Bad Credit does not charge its consumers for the use of its services and is instead compensated in the form of referral fees by lenders in its large marketplace. The cost of a loan, interest rates, and the APR are difficult to break down as each depends on several factors such as credit score, employment history, and the requested loan amount. The details and terms of the loan are disclosed between you and the lender during the loan request process when you are directed to the lender’s loan agreement. Keep in mind that terms will vary depending on your loan provider so be sure to carefully review terms and conditions before entering into any loan agreement.

Lending for Bad Credit does not enforce repayment. In the event that a borrower does not repay their loan, it will be up to the lender to take legal action, not Lending for Bad Credit. If you wish to renew or get an extension on your loan, you would also have to go through the lender.

Privacy & Security

Lending for Bad Credit is a member of Online Lenders Alliance. This membership provides consumers with the peace of mind that they’re working with a company committed to the highest standards of conduct, dedicated to ensuring a good experience for their customers, fully compliant with federal law, and working hard to protect consumers from fraud. Lending For Bad Credit strives to keep its customers’ information protected from unauthorized access and use by implementing security measures that comply with federal law.

Help & Support

Lending for Bad Credit does not have a dedicated customer support service model. The website has an FAQ page that covers most questions about the loan process, but there is a lack of transparency about the company as even the most basic company information cannot be found on its website or affiliated websites. There is no dedicated email address or chat forum for support, but if you cannot find the answer to your question or you would like to speak to someone about the lending process, you can contact Lending for Bad Credit through its contact form or by phone at (866) 829-4551.

Once Lending for Bad Credit connects you with a lender, it has no further involvement in the loan request and approval process. Consumers are then subject to the policies, terms of use, and customer support offered by that lender.

Summary

Whether it is to cover an unexpected expense or hold you over until your next paycheck, you will inevitably experience a point in your life where you will need to borrow money. Lending for Bad Credit does a great job of wading through the overwhelming amount of online lending options to find the right loan for your current situation. Regardless of the specific lending company that Lending for Bad Credit connects you with, each company is unique so it’s critical to review its codes of practice and policies before entering into a personal loan or cash advance agreement. If you have had difficulties getting approved for a loan due to a lack of an established, positive credit history and you need money quickly, Lending for Bad Credit is a recommended marketplace for your personal loan needs.

Physical Address

6709 W. 119th Street #338

Overland Park

Kansas 66209

Lending for Bad Credit Lending for Bad Credit Visit Site

Derek Porter
Written by
Derek Porter
Derek Porter is a freelance professional writer, experienced in content, article and blog writing. He is a seasoned veteran in the financial services and administration industry with years of experience as a consultant and writer. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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Charlene
3 years ago
Jacey Blackwell was amazingly kind with…
Jacey Blackwell was amazingly kind with me through out the Loan Process.
Ch
Charlene
3 years ago
Lifeloans helped me a lot.
Great work by Jacey Blackwell. Thank you so much, will recommend to all.
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Sumit Srivastava
2 years ago
Froud company...urgent cal me…
Froud company...urgent cal me 9319989517...my money has need deducted but not get money..cal me .