Online lending brokers such as iPaydayLoans, WeLoans, US Installment Loans, BadCreditLoans, and CashAdvance are the right places to get loans for people with bad credit in Pennsylvania. These online brokers work with licensed lenders in the US that bases their loan decision on more than just your credit score such as employment history, financial activity, income status, and more are also considered.
Better yet, in some ways, they’re even better, as online loans take a fraction of the time that bank loans take and even have tools such as the "find loans near me” function. You can use their online database to check out detailed information about all the nearby bad credit loan service providers base on your location with ease.
Loans With Bad Credit In Pennsylvania
| Lender | Credit Limit | Processing speed | Other features |
| iPaydayLoans | $35,000 | Within the next 24 hours |
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| WeLoans | $35,000, additional documents required | As fast as the same day. |
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| US Installment Loans | Up $5,000 for bad credit borrowers without hard credit checks | As fast as the same day. |
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| BadCreditLoans | $10,000 | As fast as the next working day |
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| CashAdvance | $10,000 | As fast as the next working day. |
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What Are The Requirements On Credit Scores When Getting Bad Credit Loans?
Banks are the strictest when it comes to loan requirements; loaning from them means that you’ll have to have a credit scour of at least 700 in FICO measurement or higher. They will also require you to complete multiple pieces of paperwork to assess your eligibility for loan requests.
Luckily, most online lenders and brokers won’t look at your credit score and may not even do a hard credit check. Most online lenders may accept loan requests from customers with a credit score of around 580 to 600 easily without hard credit checks. Their requirements are much laxer, but it doesn’t mean that they don’t have any eligibility criteria.
This only means that you have more chances of acquiring a loan since their requirements aren’t so strict. Instead of all the requirements that banks give, here are what most online lenders look for.
- At least 18 years of age
- Must be a US citizen with a valid residence address
- Proof of employment or steady income
- Legal documents for identity verification
- Must have an active bank account
- A bank account statement may need for larger loan requests over $5,000