Introduction
to BAD CREDIT LOANS with Installment Payments
This week's offer: $1500 Installment Loans (3 mo.) - call 877-918-7125
This
month's offer:
$10,000+ Debt Consolidation Loan - call 888-641-9631
When calling, please follow prompts to get the right loan officer.
When you have a poor credit rating and you need to pay off some high interest debt(s), you will find thousands of sites and lenders that claim to provide low interest solutions, but in reality you will find that most of them charge high APR (annual percentage rates) and they only lend out small loans for short terms.
MOST people looking for loans online want a more conventional loan. They want a loan that can be paid off with installment payments on a monthly or biweekly schedule.
This is the reason the micro-fianancing term "installment loan" came into existence. Before the subprime, high interest, small loan market became legal, ALL loans were installment loans. That was a given, but now you have to understand the difference between a REAL installment loan, and a faux installment loan leveraged by predatory lenders. You need to learn the difference and avoid applying for high interest products.
Have A Low Fico Score? You Are Not Alone
The simple fact is that there are over 60 million consumers in the United States and Canada that have poor to bad credit scores, and can't find a loan with any conventional/traditional bank that does business in their own community.
The problem with finding a bank that will approve your loan (when you have a low FICO score and a corresponding bad credit rating) is that they either won't approve your application, or they charge a very high interest rate. For some private lenders approving a loan for a bad credit applicant is "lending as usual", and they make big profit charging these higher interest rates. These bad credit private lenders will often charge interest very close to the maximum usury limit(s) that are legislated by their local State Government bodies, and/or Federal Regulators. This is where bad credit applicants need to be wary of predatory lenders.
Bad Credit Lenders - Beware of Extremely High Interest Rates
If your credit rating is poor and you find yourself in a situation where you need a loan desperately, you may be in danger of using a predatory lender (a loan shark, or a short-term high risk lending organization). You (as a bad credit applicant) must be careful you don't sign the dotted line of a loan agreement specifically designed to balloon on any given day, and have built-in fees to boot.
What we do here at Ohioloanfind.com (which services all of the United States and Canada - Ohio is just in the name) is keep our readers informed enough that they DON'T get taken by a predatory lender who wants to charge them extremely high interest rates and make their credit rating even worse.