7 Month Fast Loan Of $16000 With A Bad FICO Credit Score Of 446

If you are fortunate enough to have set aside money in your 401(K), there are some emergency expenses that may qualify for withdrawal. If you are under 59 and make this withdrawal, you could expect a 10% penalty. Check with your employer before taking this step and it may take a call to your accountant or the IRS to investigate your options. We have listed bad credit loan and personal loan options for your review based on your credit score. If your credit is below 580, you can expect the maximum you can borrow without some form of collateral is $5,000. The personal loan providers accept loan applications starting with a 620 credit score. We have listed secure credit cards; unsecured credit cards for damaged credit; secured loan providers; auto refinancing options; free credit rebuilding services; payday loan repayment loan providers; co-signing loan service; student loan refinance, reverse mortgage funding, and business loans options as low as a 500 credit score. When you have bad credit, there is no funding solution that we consider a good option. We have provided what we consider are the best choices in a difficult situation. If you can wait and repair your credit first, that is our first recommendation. If we have not provided a  loan option that fits your needs, please email us at support@americaloanservice.com and we will do our best to find a funding solution for you.    

Bad Credit Loan Options

Bad credit Loan options ranging from $500 to $5,000 and any credit score can apply.

Personal Loan

An unsecured personal loan is a great solution if your credit score and credit history meet the criteria of the lender.  We have listed personal loan providers with credit scores starting at 620. This lender group offers loans ranging from $2,000 to $100,000. 

Secured Credit Cards

• No Credit History or Minimum Credit Score Required for Approval
• Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
• Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
• Nationwide Program though not yet available in NY, IA, AR, or WI
  
  

Unsecured Credit Cards

Get the security and convenience of a full-featured, unsecured VISA® Credit Card – accepted at millions of merchant and ATM locations nationwide and online.

• Checking Account Required
• Reporting monthly to all three major credit reporting agencies
• Perfect credit not required for approval; First Access may approve you when others won’t
• Easy and secure online application
• If approved, pay a Program Fee and you can access the $300 credit limit (subject to available credit)
• The First Access Visa Card is issued by The Bank of Missouri pursuant to a license from Visa U.S.A. Inc.

Home Equity Loan or Home Equity Line of Credit (HELOC)

A home equity loan or home equity line of credit (HELOC) can be a good way to consolidate debt even with bad credit. When you have good credit and the bank looks to provide a home equity loan or HELOC, they will normally finance the property up to 80-90% of the loan to value. The loan to value is the difference between the size of the mortgage and what you will get if you sold the property. With bad or fair credit, the loan to value may drop to as low as 60 to 70% and the interest rates may be higher. This will mean that the amount they are willing to lend will be lower.  

Auto Refinance

Auto refinance can be a great way to get capital out of an asset and use this money for debt consolidation. This provider can refinance your vehicle and get your capital back to work.

Payday Bad Credit Debt Consolidation Loan: $500 to $5,000

Consolidating payday loans with 400% to 1500% interest rates is very difficult to accomplish. OppLoans offer an installment loan which provides equal payments over a set period of time to get rid of payday loans that never seem to go away.

Payday Alternative Loans (PAL's)
The Credit Union along with the US Federal Government have developed a program called PAL's to help people stuck in revolving payday loans. 

PAL's features:

Loan amounts $200 to $1,000.
Must be a credit union member for one month
Loan terms range from 1 to 6 months
There may be a fee for setting up the application of $20.00
Contact this link to get some help.

Research your Credit Score and Credit History

If you have not completed this already, it is a good idea to check your credit score and credit history. Look through the items and make sure you agree with everything listed on the report. If you disagree with the information on the report, contact the credit bureau and let them know that there is an error. 

Debt Relief or Debt Settlement

Another option to consider debt relief or debt settlement. They can help you work with creditors and will explain your options. You can call them at the number below or click this link to go to their site now. 

Loan Case Study

Sheila contacted America Loan Service looking for a $16,000 loan as fast as possible to pay off credit cards that will go into collections if they are not paid off. Sheila was talking with the hardship department at the credit card companies requesting that they restructure her payments. Sheila does not want the credit card provider to send her account to collections and damage her credit history even more. If you are struggling with making your payments with your credit card company, ask for the hardship department and see if your credit card provider can help you work through a rough period. You will need to be able to make a consistent payment and stop using the credit card.

Sheila just applied for a 3,000.00 Bad Credit high-risk loan and was approved with a 515 credit score

Sheila has worked hard over this past year to improve her credit score that was at 446 only 18 months ago. It has been a lot of work for her to even get a small loan with her credit in its current state. She also got a better job in the same company that increased her take-home pay to $18.00/hour.