Bad Credit Loans Birmingham, AL.
As the de facto capital for manufactured steel in the Southern United States, Birmingham is a city with plenty of money flowing through it. In spite of this, the city is also one of the poorest, most crime-ridden metropolitan areas in the U.S. Many of the city’s residents work for so little income that borrowing money just to survive has become a way of life. If you’re seeking a personal loan for bad credit in Birmingham, there’s plenty of opportunities to find yourself in deeper debt. Our Loan Discovery Program can help you safely navigate the lending industry, comparing multiple bad credit offers with no initial credit checks.
A Legacy of Success That Caved to Bad Debt
At one point, Birmingham was experiencing such a degree of growth that it was labeled, “The Pittsburgh of the South.” Some of the United States’ biggest steel manufacturers still call the city home, and several prominent banks helped to boost an already expanding economy. But the good times didn’t last. By 2011, Birmingham’s home seat of Jefferson County filed for Chapter 9 Bankruptcy, seeking relief from $4.2 billion in debt. While Birmingham itself met most of its financial obligations, the city’s residents still haven’t fully recovered.
A Life Impoverished
In 2017, the U.S. Census Bureau estimated that a startling 28.1% of Birmingham residents were living in poverty. Average household income leveraged out at $33,770. A big part of the reason is the loss of jobs in the city. Between 2000 and 2014, all but one of the city’s 10 Fortune 500 had either moved, been bought out, or closed down. The number of publicly traded companies fell from 30 to a measly 15. When these industry titans left, they took their well-paying jobs with them. Birmingham’s sales tax continues to be one of the highest in the nation, at a whopping 10%. It makes it hard for people to afford basic necessities, let alone get ahead.
People Have Turned to Crime to Compensate
Financial hardship breeds desperation, and desperation breeds crime. Birmingham still ranks as one of the country’s most dangerous cities, with an average of 1,483 violent crimes per 100,000 people in 2018. This has contributed significantly to the city’s continued state of affairs. People want to live in a place where they feel safe, and businesses go where the most people congregate. So long as Birmingham continues to be a city filled with violent crime, businesses will keep away and people will have limited opportunities to get better jobs.
No Easy Solutions for People with Debt
If people with bad credit had an easy way to access money, crime wouldn’t be such an issue and neither would poverty. As it stands, Birmingham residents are very restricted. For many, it seems like a choice between two evils – traditional lenders who turn them down, or “no credit check” lenders who drive them further into debt. Consider the following:
- The average minimum credit score most lenders would accept in 2018 was 620
- It took normal lenders an average of two weeks to approve a loan application, and another two weeks to deliver the money
- Payday lenders can legally charge up to 456.25% APR on a 14-day, $100 loan
- No credit check lenders can permit as few as 10 days to pay off your obligation
- The maximum limit you can borrow from payday lenders is $500 at a time
Payday lending wouldn’t even be profitable if banks and other institutions just said no. As it stands, they make hard inquiries that most often cause scores to drop further. It seemingly leaves people with no good options to access funds in Alabama.
You Don’t Have to Keep Risking Your Money
What many people in Birmingham, and across the country, fail to realize is that you don’t have to default to either of these options. You can qualify for high-limit, long-payoff bad credit loans that don’t risk your finances and get you the money you desperately need. And that’s why Loans Now exists.
Access Larger Amounts and Better Rates
If you have a score of at least 450, we can connect you with great lending offers that you can actually afford. Our limits extend to tens of thousands of dollars, and grant borrowers years to repay their debts. Our interest rates often beat out anything else on the market, and none of our options demand collateral to access. Since our service is completely free, you don’t risk losing anything of value if you choose not to use any of the options we provide.
Protection for Your Credit Score
Any enduring relationship has to be built on trust, and we start building that trust with our process. We don’t require an initial check on credit – we let you use the one you pull for yourself. Your information is completely confidential. You’ll never receive unsolicited communications from outside agencies because you used our service.
Fast Delivery on Your Money
Forget having to wait for weeks for your money to come in. Our Discovery program was made to work fast because we know you can’t wait when the bills come due. Enrollment can be completed in under six minutes. We typically have offers that you can pursue by the following business day, and our trusted partners normally have your funds available a day or two later. The whole thing ideally takes less than a week, giving you peace of mind that you won’t be facing a late payment.
Beat the Cycle of Debt and Poverty with Loans Now!
So long as you rely on businesses that move from the city, banks that turn you away, and scheming creditors that profit from your misfortune, you’ll always be trapped. Our mission is to give people the opportunity to break the chains of debt that hold them back. Don’t skip out on the success that hundreds of others have found – use our free service and conquer your debts now!
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K