Personal Loans
Personal loans usually have fixed terms, interest rates, and payment schedules. From a wedding to a car repair to an unexpected expense, these loans can be used to finance just about anything. Some lenders will have restrictions on what the loan can cover. Personal loans can also help you consolidate your credit card debt. Instead of paying off several credit card debts, a debt consolidation personal loan can give you a single lower monthly payment.
Bad Credit Loans
Car Loans
A car loan makes car ownership possible when you don’t have the cash available. Borrowers can use car loans for new or used vehicles. Car loans are available from credit unions, banks, and car manufacturers. Borrowers pay back the car loan over a set period of time, typically with interest included, as well.
Cash Advance
Cash advances allow credit card users to withdraw a sum of money from their card’s line of credit. Credit card companies provide them as short-term loans. Borrowers can take out funds up to their card’s cash advance limit, which is different from their overall credit limit but may also make up a portion of it.
Credit Cards
When used responsibly, credit cards can be an easy-to-use payment method to build credit and a secure way to pay for purchases. Many credit cards also offer perks, cash-back bonuses, and redeemable reward points.
Emergency Loans
Home Loans
For most people, a home is often the biggest purchase they’ll make in their lifetime. The actual cost of a home is more than just the sale price. Besides a home’s down payment, home buyers also need to pay closing costs, property taxes, and insurance. Extra costs that borrowers may also have to pay outside of the loan include HOA fees, home maintenance, and mortgage insurance.
Installment Loans
Borrowers pay off installment loans in regularly scheduled repayments over a predetermined payment schedule. Generally, every loan payment is a set amount that the borrower pays in monthly installments. The monthly payment typically comprises part of the loan amount and a portion of the interest that has accrued on the loan.
Loans
Loans come in all different forms and sizes, from student loans to installment loans to online loans and even bad credit loans. When applying for a loan, you’ll want to consider the loan’s interest rate, payback period, terms, and fees. Borrowers can receive loans from banks, governments, credit unions, and online lenders.
No Credit Check Loans
If you have bad credit or don't have a credit score, qualifying for a personal loan if you're in a financial bind may seem impossible.
Payday Loans
Payday loans are small-dollar loans with fast funding and short repayment periods. Payday loans usually don’t require a credit check, and according to the U.S. Consumer Financial Protection Bureau, have an average annual percentage rate (APR) of 400%. Usually, the loan is due by the borrower’s next payday.
