So, if you don’t need up to $10,000, there is no need to borrow the full amount. The repayment schedule favors you as the company provides enough time to repay, up to 36 months.
That is a part of the reason we have CashUSA on our list of preferred personal loan companies
Customers liked the fact that Bad Credit Loans did not put them under any pressure to accept any deal. The company allowed them to choose deals that suited them. Plus, their credit score had no say in whether or not they secured a loan. But a few customers did not appreciate providing a little more information than other companies required.
Providing resources to educate people on making good loan choices is one thing, but helping them calculate debt and check credit scores is entirely different. While educating on correctly calculating debts and checking scores, it also shows you how to pay your debts on time to improve your credit history.
In other words, you learn how to use money wisely, pay loans back on time, and get a willing lender even though you have bad credit. Very few other personal loan companies offer their customers this opportunity. However, note that how much you get as a loan offer will depend on how bad your credit score is. Plus, the interest rates may be excessively high for terrible scores.
- Favorable 70-month repayment plan
- Secure online system for information protection
- Speedy service and fast delivery
- Helpful information from educational resources
- Sizeable loan amount
- A vast lender network
- Lots of personal information required
- High annual percentage rates
CashUSA operates in about the same way as other companies we have reviewed. Fill out an online form, submit it, and get a loan decision within a few minutes. But the marked difference is the volume of personal information you are required to provide. Unlike others who need just the basic information, CashUSA is thorough; it asks for personal information beyond the basics.
After filling out the usual name, age, residence, and proof of citizenship, you are required to prove whether or not you are actively serving in the military, whether you own the house in which you live, your Social Security number, and a valid form of identification. It may seem like asking for too much but eliminates the need to visit the office physically. Moreover, your details are secure; CashUSA has no history of hacking or theft.
Once you submit your application, you don’t need to do anything else until it is time to negotiate with a lender. Then, you can agree on terms with a chosen lender. The faster you decide to work with a lender, the earlier you get a disbursement of the funds. But if you find a lender unsuitable due to unfavorable terms, you have the choice to decline the offer and wait for the next one. Best of all, all its services are free.
CashUSA has a 70-month repayment plan. The plan fits into all income levels, making it pretty easy to repay without straining your income.
But it helps to make payments when they are due to avoid further hurting your credit history
Customers liked that smaller loan amounts got immediate attention and quick disbursement. Their credit history did not affect their chances of getting loan approval. The million monthly customers also tell a tale of the reliability and trustworthiness of the company.
Personal Loans is one of those personal loan companies you can trust to deliver on its promise to match you to a lender. Not only does it work with a specific lender network, but it also has a third-party network that helps when there is no suitable lender elsewhere. This factor works in favor of bad credit customers.