Bad Credit Loans Bakersfield, CA.
Backed by the strength of its oil-producing and agriculturally rich outliers, Bakersfield has been able to grow at a slow but steady pace since the 1980s. However, as recession struck hard and growth began to slow, many in Bakersfield have found themselves unable to pay for even basic needs. Our Loan Discovery Program is the perfect way to find the personal loan for bad credit in Bakersfield you need to get back on your feet. It allows you to compare numerous unsecured options to borrow money, that don’t involve any payday or title options.
A City Experiencing Growing Pains
In 1980, the population of Bakersfield was just over 100,000. By the close of 2017, the population had soared to over 380,000. Continued support from the oil industry, and grow in cash crops and manufacturing, helped Bakersfield to achieve this fantastic level of growth. Despite the success that many people are finding in the city, there are still plenty of problems.
Thousands Struggle to Survive
Estimates from the U.S. Census Bureau reveal that nearly 20% of Bakersfield residents lived below the poverty line in 2017. The fact that this is the case, even though the average household income was over $60,000, illustrates just how expensive living in California is. The cost of living index for Bakersfield was 112, while California’s was 138, in 2018. Making above $60,000 in these regions doesn’t get you ahead; it barely gets you by.
Unhealthy Habits with Financial Consequences
In 2010, the Gallup-Healthways Well-Being Index revealed that Bakersfield is one of the 10 most obese metropolitan centers in the United States. The national average for obesity at the time was 26.5%, while Bakersfield rated at 33.6%. A study published in the U.S. National Library of Medicine found that conditions resulting from obesity cost an average of $1,723 per person per year in 2008. The cost has only increased since then. More than 42,000 people in Bakersfield aren’t covered by health insurance, meaning any kind of emergency medical expense can be disastrous.
A Trap Disguised as an Easy Solution
When you have bad credit, have been consistently turned down by lenders, and need money fast, payday and title loans seem like the perfect option. They normally don’t require a credit check, guarantee approval, and can have your money by the next day. That’s what the advertisements say, but it’s only half the story. Payday and title lenders typically:
- Charge APRs in excess of 450%
- Require repayment be made within 14 to 30 days
- Won’t lend more than $300 at a time
- Charge upwards of 15% financing on the money
- Often require that you promise to surrender your car if you default
Since the California Constitution only addresses interest rate caps but doesn’t mandate a cooling off period, borrowers struggle to repay their first loan. They then have to turn around and take out a second one to pay off the first! This has resulted in a gross cycle of unending debt that cost Californians $239 million in fees in 2013. It can seem like there just aren’t any safe ways to access money in California.
Don’t Get Caught in the Payday Lending Trap!
No matter how much you’re struggling to pay your bills, or what medical emergencies come your way, nothing is worth the cost that a payday or title lender demands. What you need instead is access to different lending options that accept bad credit, get your money fast, and don’t charge ridiculous fees. That’s exactly what you get at Loans Now!
Offers Designed for You
No two people’s situations are exactly alike, so we don’t try to fit you in a package. Our program finds options that match your needs. Whether you need a few hundred dollars or a few thousand, we have the resources to find what you’re looking for. When you enroll, we pair you with one of our consultants who will speak with you directly to understand your circumstances, gauge what you need in a loan, and guide you through the choices that we can offer.
A Credit-Safe Option That Really is Safe
Unlike payday and title lenders, that drive you further into debt, our vendors only provide fair, high-quality bad credit options. Since you tell us how your credit stands, there are no initial checks. We only offer unsecured lending options, so you don’t have to surrender any collateral to access your money. Our options start at two years to repay, but can potentially go higher, if you need extra time. Finally, our interest rates can be as low as 5% for those who qualify.
We Save You Time You Desperately Need
If you’ve got medical expenses coming in, time is not on your side. Not only can you not afford to waste hours shopping between lenders who turn you down, but you also can’t afford to wait for money to come in either. That’s why our service is fast and efficient! Typically, you can complete our questionnaire, choose your option, and have the money available in less than a week.
Get the Money You Deserve with a Loans Now Offer!
You don’t have to keep struggling with debt, and you don’t have to place yourself at the mercy of a payday lender. With our network of outstanding providers, we can find the perfect opportunity to get you the amount of money you need, when you need it. Stop fighting a losing battle with debt – fill out the questionnaire and get your tailored lending options today!
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K