2nd Chance Loan is what you deserve!
Second Chance Loans from a direct lender were created to show that a bad credit score is not a major component of an application's approval. Banks, credit unions, as well as many lenders refuse borrowers because they have bad or poor credit history. Second Chance lenders find it dishonest that borrowers' past actions determine their future. Even if a person has had problems repaying a loan before, they may still be in an emergency and need funding. Thus, a 2nd Chance Loan is a good opportunity to receive funding and cope with difficulties.
What is a Second Chance Loan?
A Second Chance Loan is a simple and secure financing option that gives borrowers the ability to quickly apply and receive financing. Even if you had problems repaying loans in the past, you are now eligible to apply and get approval from a direct lender. 2nd Chance Loan has this name because it gives borrowers the opportunity to get a Payday Loan even if other lenders have rejected their applications. This way you can get a second chance and deal with your difficult life situation.
With a Second Chance Loan, you can usually get from $ 100 to $ 1000 to help you cope with your needs. What's more, you don't need to provide collateral or go through a hard credit check in order for your application to be approved!
What are the requirements for a Second Chance Loan with bad credit?
- You must be a resident or citizen of the US
- Minimum age 18 years old
- An active bank account is required
- Proof of income
- Contact details such as phone and email
What is the difference between a Second Chance Loan and a Payday Loan?
Payday Loans and Second Chance Loans are practically the same thing. About 80% of applications for Payday Loans are approved. However, with a Second Chance Loan, you are almost guaranteed to receive money as the loan is targeted at those people who have been rejected due to their bad or poor credit history.
By applying for a Second Chance Loan you will not be judged for why you need money. This way you can use the loan to cover any needs.
A Second Chance Loan may have longer repayment terms. You can choose how you will pay off the loan - in a single payment or multiple payments over 3 months! Since a Second Chance Loan gives you more guarantees of getting the loan, it can be more expensive than a Payday Loan.
How to Apply for a Second Chance Loan with Bad Credit?
In order to apply, you need to fill out a simple 3-minute online application and provide basic information about yourself. Lenders will verify your information and approve your application almost instantly. The lender will contact you to discuss the details of the loan and its repayment. As already mentioned, you can choose the terms of the loan repayment, which is very convenient for borrowers who find themselves in a difficult life situation. The money will be transferred to your bank account within 24 hours.