Bad Credit Personal Loans – Apply Via 100% Online Service
PR Log - Feb 19, 2013 - PersonalLoansForBadCredit.org, the independent personal loan online matching service for individuals with bad credit, announces its new “100% Online” service. The organization shares details of its “convenience led” approach to helping consumers find their ideal lending opportunities without running the gauntlet of banks, loan stores and countless application forms.
Motivated to meet the needs of the often underserved bad credit consumer, the site has developed a way to find, apply to and compare bad credit personal loans from household name lenders online. It removes the need to schedule appointments with lenders in person or perform painstaking research into companies before submitting individual applications to many.
PersonalLoansForBadCredit.org explained how the service operates and made the announcement in the following statement.
“Our new 100% online service anchored by its unique application form that doubles-up as an introducer and matcher, selecting from a pool of lenders to pick those most well suited to the individual applicant’s needs. The matching methodology is based on lenders’ principles of selection and PersonalLoansForBadCredit.org hopes that it will return high rates of approvals of applications to our consumers.”
The statement continued to discuss the site’s innovative online application form and the information needed.
“The application form features on the website and is quick to complete. It requires a few simple personal details such as social security number, confirmation of employment and bank account in order to pave the way for fast payment should the application be approved. We want to help them find great loans with as little effort and inconvenience as possible – we invite them to use our free personal loans comparison platform 24 hours a day from any computer to see how easy it can be.”
“The lenders connected to the Personal Loans For Bad Credit ORG database are reliable, reputable and well established unsecured loans specialists. They have vast experience online and the ability to pay out approved and accepted loans within 24 hours at most and sometimes as fast as 1 hour after approval.”
An unsecured personal loan is a “security free” form of borrowing that is not linked to assets such as real property. A perceived benefit of unsecured lending is that it can be undertaken more privately. Additionally, there is no need for a “guarantor” to personally underwrite the loan in the event of missed payment. These types of loans are suitable for tenants who do not own their own property (such as a condominium, apartment or house) and are considered less risky for the borrower should they default on the repayment.
The rates of interest on loans vary between lenders. PersonalLoansForBadCredit.org has no influence over the rates set by the lender within its network and advises consumers to carefully read the terms and conditions of their loan agreement before acceptance.