Introduction
When financial problems hit it can be devastating and for many people the addition of having bad credit can add a whole new set of problems to solve. For those with bad credit there are many issues that come with attempting to take out a loan to cover the cost of renovations, holidays, existing debts or any other financial issues. One of the problems can be that creditors will extend a loan but with a much higher interest rate. Another can be a mark against your name for simply applying for a loan.
If you suffer from bad credit but need a loan, there are places that you can go. There are a number of places that offer loans for bad credit in Florida and we are going to take a look at some of these in this article.
What should I look for in a creditor?
When taking out a loan there are some factors to consider before accepting money from just anyone. Just because you are the customer, it doesn’t mean that the loan companies won’t fight to get you on board, so it is worth shopping around and quoting figures to creditors, who will likely try to beat or match them. A creditor who is willing to be flexible, to an extent is always a good option. It is also worth checking out the lenders website and having a look at customer reviews, this will be a good indication of how trustworthy the lender is. Finally, always ensure that you are getting the best possible deal, just because you have bad credit, it shouldn’t mean that you are offered a loan with a ridiculously high interest rate. Whilst it is common for those with bad credit to be given higher rates of interest. this doesn’t mean that they should be extortionate.
Places that offer loans for bad credit in Florida.
Now we are going to take a look at some companies which offer loans for bad credit in Florida. For each lender we will look at exactly what it is that they offer
- www.wegiveloans.com is a Florida based loan company with branches all over the state. The lender specialises in providing loans for
those with bad credit and offer both payday loans and personal loans. Loans are offered with a rate of APR between 12-36% but there is an option to select your preferred rate when applying. Typically, borrowing $2000 at a rate of 16% over a year will cost a total of $2177
and monthly repayments will be $181.
- www.cashkingco.com is another Florida based company who offer loans. Cash king will offer a loan from anywhere between $500
$2500 so is ideal for those looking for something more short term. However, they also offer another loan service which offers loans up to $50,000 which is better for those with a greater financial need. The company are experienced in working with those with bad credit and application approval is high. The website also offers some handy money saving tips too! There will be no hard credit check made against
you when you make your application with this company which is usually a major factor that puts people off applying for loans.
- www.innovativefinance.org offers loans up to $40.000 and have some really great reviews from previous clients. If you are wishing to
consolidate your debts, they offer a balance transfer service and also offer personal or business loans. The company is a middle man and offers loans from a variety of different lenders, all of which are described fully on their website so that users can decide which loan matches their circumstances the best. The company is adept in working with those with bad credit and can help to find a loan that will be suitable
- www.personalmoneynetwork.com
If you are in need of a quick, short term, small loan then personal money network may be the ideal
option. They offer loans of up to $1000 and specialise in working with those with bad credit. In some circumstances when you have bad credit but do not need to take out a loan, simply taking out a small loan just to repay can go a long way to rebuilding your credit score. When looking for loans for bad credit in Florida, this website allows you to do everything online and requires no personal appearances at
offices or stores, making the process easy from start to finish.
- www.ficu.org gives a guarantee that whether your credit is good, bad or somewhere in between, they will be able to find a loan to suit
you. The company offers an app which handles all your loan related needs once your application has gone through and they also have a brilliant online payment system.
Conclusion
Whether a loan is needed for debt consolidation, home improvements. medical bills or any other reason, there are a variety of options within the Florida area to assist with every loan need. This includes companies who offer loans for people with bad credit. Having a bad credit rating does not and should not mean that financial struggles are a given, these loan companies can offer services which will help any person struggling with bad credit to get back on track in the financial world.