One of the most difficult situations to handle is applying for a loan if you have bad credit score. You are not the only one caught in this situation. There are a number of people who find it really difficult to get a loan in times of their poor credit situation.
Bad Credit Accepted
A bad credit installment loan is a boon for all those who were denied a loan because of their poor credit score. These are short term loans. These loans are offered for a period of 14 to 31 days before their payday might happen. It is a short term solution for their immediate cash requirements. The loan can be repaid in installments.
Features of Bad Credit Accepted
* There is no credit check
* No collateral for unsecured bad credit installment loan required
* Very little documentation required
* Bad credit situations like bankruptcy, failure to pay the loan installments are late payments for a bad credit installment loan account
* These loans are fast cash out
* Simple principal payments are offered to borrowers
* The interest paid on these loans are very high
Top 5 Bad Credit Installment loans
The following top 5 companies offer some of the best bad credit installment loans
* Wells Fargo - The company was founded more than two decades, and catering, a number of financial requirements of its customers.
* Citi Group - Citigroup is known for its wide range of bad credit loans known. Some of its best mortgage schemes and bad credit financing programs, it brings you to the list of preferred banks for bad credit and housing
* Bank of America - Featuring in the top 5 list of companies that loans for bad credit loans, Bank of America offers a number of other small loans with bad credit
* Banco Popular - It is one of the most popular banks for bad credit loans.
* Gold West Financial - a leading provider of mortgage loans, it offers some of the best in bad credit.
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