Bad Credit Loans Austin, TX.
There’s plenty of danger for people seeking a personal loan for bad credit in Austin. In addition to predatory lenders seeking to trap you in debt, many of the city’s residents face some unique financial hardships. Coupled with a poor credit score, options to get money can seem bleak. Loans Now is here to bridge the divide between what you need and what’s available. Our Personal Loan Discovery program is a great method to get money when you need it most. It’s fast, it’s free, and it’s safe.
The Dangers of Borrowing in Austin
Anytime you search for lenders, there’s some risk involved. Not getting money fast is enough is a risk. So is being charged too much. This is the same no matter where you go, but Austin and other Texas residents face some unique challenges that many other places don’t have. The three biggest concerns are the lack of regulations governing loans, the high concentration of predatory lenders, and the risk to some of having their pay taken away.
Less Protection Under the Law
Texas has been classified as a state that doesn’t impose many regulations about consumer loans, according to the Center for Public Policy Priorities. In essence, the only real protection that borrowers have is a 10% cap on interest rates. However, this is easy to skirt around, and there’s nothing that regulates fees or finance charges, loan limits, or payment timelines.
A Large Percentage of Shady Lenders
A study by California State University Northridge found that Texas has about eight payday lenders for every 100,000 people in 2006. To put that in perspective, there were only four McDonald’s restaurants for every 100,000 people. Shady lenders like this try to disguise their intentions by advertising themselves as credit repair agencies. By partnering with banks and other “respectable” financial institutions, this allows them to skirt the laws of the Texas Finance Code. They can:
- Charge however much interest they want, averaging about 410% APR
- Only give you 10 days to repay your loan
- Charge whatever fees for their services they want
- Force you to use your home or car as collateral
- Charge up to a 5% fee for each late or missed payment
A Higher Risk for Federal Employees
Texas has the fourth highest percentage of federal employees of any state in the U.S., according to the Office of Personnel Management, with over 132,000 non-military federal employees. In addition, Austin is home to Camp Mabry, where the headquarters for the Texas National Guard and it’s full-time service-members is located. Whenever a government shutdown occurs, federal employees and military members can be forced to work without pay or furloughed. It’s not unusual for many of them to grow desperate for quick money.
You Need a Safe, Quick Method to Find Unsecured Loans in Austin
With so much risk associated with borrowing money, wouldn’t it be great if there was a way to get a quality bad credit loan with good terms, that didn’t require collateral, and can get you money quickly? It’s not just wishful thinking – it’s Loans Now!
Our Rates are Fair and Our Service is Free
Our service lets you compare multiple lenders at once, at no charge to you. When you work with us, you’ll have access to lending options that can go up to $70,000, with interest rates starting as low as 4.99%. We have options for 2-years loans up to 7-year loans, so you’ll never have to worry about having too little time to pay off your debts. Even though we require a credit score of 450 to work with you, it wouldn’t be fair to do an initial credit check ourselves. It risks dropping your score, and for people with bad credit, that’s just what you want to avoid. That’s why we let you check it yourself, then tell us what it is.
We Only Work with Quality Providers
We can’t stand lenders who take advantage of other people’s suffering. All of our lending partners are quality providers who offer you terms that you can work with, and respect your rights as a citizen of Texas. Whether you need a loan in Austin, another Texas location, or anywhere else in the nation, Loans Now can pair you with a great lender who will support your money needs.
Our Process is Quick and Easy
Completing the Loans Discovery process only takes a few minutes at most. Most of our providers can fund your request within a single business day. For people desperate for money, especially those suffering from a government shutdown, there’s no waiting for weeks for your funds to come through. We know you need money now, and that’s what we’re here to provide.
Enroll in Our Loans Discovery Program and Get Your Money Now
Everyone has to work for a living, and having bad credit doesn’t mean you’re irresponsible. Our team understands that you need money to help fix your mistakes or handle an emergency. That’s why we’re committed to getting you the money you need, quickly and safely. With our program, you don’t have to fear outrageous fees, short repayment windows, or delays in getting your cash. Use our Loans Discovery program, and starting finding great loans the right way, today!
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K