Q:

How do you obtain a fast loan with bad credit?

A:

Quick Answer

A reputable lender offering secured loans is SpringLeaf Financial, reports Simple Dollar. Bad credit loans fall into two categories: secured and unsecured. A secured loan requires collateral, such as a vehicle, to be approved. An unsecured loan does not require collateral, but this means interest rates are higher.

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Full Answer

CashAdvance.com provides loans ranging from $100-1000, and customers usually receive same-day approval and funding, according to BadCredit.org. RiseCredit.com offers personal loans up to $5000, with funds typically deposited the next business day. OneClickLoans.com is a lender-matching service that allows borrowers to choose from several loans from different companies to best suit their needs, according to Top 10 Personal Loans.

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