If you have bad credit, you might think that getting a personal loan is out of the question. But the truth is, there is still a chance to get the financial assistance you need even if your credit isn't perfect. Your best option is to try using online loan platforms and get quick and easy online loans with bad credit such as iPaydayLoans, WeLoans, US Installment Loans, CashAdvance, and PersonalLoans.
These loan brokers partner with lenders who specialize in working with people who have bad credit. They typically have more flexible approval criteria and may be more willing to work with you as long as you can repay the loans with a verifiable stable source of income or solid employment status. Note that you don’t need a regular 9-5 job to get approved for an online loan, government-issued benefits can also be used to apply for bad credit loans online.
Getting $7,000 Loans With Bad Credit
In this section, we’ll talk in greater detail about these five online lenders brands that you can turn to for loans even with bad credit.
iPaydayLoans
iPaydayLoans is one of the best online lender networks in existence, with multiple loan types available for borrowers. You may receive offers from their partner lenders within hours after application and enjoy a competitive basic credit limit of $5,000 without credit checks – possibly, even up to $35,000 if eligible, depending on the specific lender’s assessment and personal financial status.
WeLoans
Another great online lending broker is WeLoans, a premier platform for those who want convenience and security when it comes to their loans. WeLoans offer easy-to-access loans on account of them being extremely friendly to those with poor to no credit.
US Installment Loans
US Installment Loans specializes in giving installment loans to borrowers who have bad to no credit. These loans are easy to pay off in pre-arranged installments, which makes them highly manageable. Installment loans usually have higher loan amounts with longer repayment periods, making it the perfect solution for covering large expenses without having too much financial stress.
CashAdvance
CashAdvance is a great platform for taking out a cash advance of up to $10,000 from your next paycheck. No matter what your credit score is, you can take advantage of their cash advance options to get the money you need as soon as possible.
PersonalLoans
This platform has the highest potential credit limit on the list, allowing borrowers to loan up to $35,000 depending on their assessment. PersonalLoans can be a powerful financial tool if used correctly, as it accepts even borrowers who have a less-than-ideal credit score.
$7000 Loan Alternatives
While online broker platforms are convenient and accessible, sometimes they aren’t the best solution for everyone. If you need a $7000 loan but don’t want to go through an online broker, here are some alternatives.
- Friends and family. The people who know you best are often the ones who are willing to lend you money with little-to-no interest. Just make sure you draw up an agreement so that there are no hard feelings down the road.
- Credit unions. Some credit unions offer alternative payday loans to people in need. These work similarly to online loans in that you’ll have a set repayment period, but the interest rates are often lower. The one limitation is that Credit unions only provide loan services for their members only.
- Pawn shops. Pawning off some of your belongings is a quick way to get $7000 quickly, though you’ll have to pay interest on the loan and you’ll have to give up your possessions as collateral.