Bad Credit Loans Dallas, TX.
As the third most populated city in Texas, Dallas enjoys a booming economy and a very strong job market. The Bureau of Labor Statistics (BLS) reports that the city had only a 3.2% unemployment rate as of November 2018. But if you have a poor credit score, Dallas may not seem like such a city of opportunity for you. Finding a personal loan for bad credit in Dallas can be a rough, drawn-out affair. At Loans Now, we want to help you save time and get the money you need. Our Loans Now Discovery program was created to allow people to instantly compare lending offers quickly, easily, and safely.
It’s Hard to Get Money with Bad Credit
In the lending industry, people with bad credit suffer the most. Traditionally, lenders want to work with credit scores of 620 or higher. The reason is that the lower your score is, the more risk you present to a lender. They want to know that the money you borrow will be repaid in full, a bad credit score makes it seem likely that you won’t.
But people with bad credit scores aren’t always irresponsible. Your poor rating could simply be the result of an emergency expense that you had to charge to your credit card. Regardless of why your score is low, you still need money.
Sometimes a Paycheck Just Isn’t Enough
The U.S. Census Bureau reported that the average income for a single person in Dallas was $31,260 in 2017. The BLS reports that the average American household spent $60,060 in 2017. With inflation on the rise and wage growth slowing, your paycheck may not be enough for you to cover the expenses you have now, let alone save money for retirement.
Emergency Expenses Can Ruin You
If you’re already living paycheck to paycheck, as CareerBuilder said 71% of Americans were in 2017, any unexpected expense can wreck you. The Centers for Medicare and Medicaid Services reported that the average cost of healthcare per person in the U.S. was $10,345 in 2016. Cars.com reported that the average cost for an auto repair job was between $500 and $600 in 2017. That’s a lot of money for anyone to come up with on short notice.
Bad Credit Lending Options Aren’t Always Safe
By far the biggest struggle that people with bad credit face is dodging deals that lock them in debt. The Texas Finance Code doesn’t set any limitations on what banks can charge in interest, fees, or lending terms. By joining with banks, and paying the $100 fee to become a credit repair agency, payday and title lenders can set nearly whatever terms they want. As of 2016, Dallas was one of 35 Texas cities that set local ordinances limiting what these lenders could charge. It’s definitely helped the situation, but with APRs as high as 600%, average repayment windows of 31 days, and high fees, a payday loan is still a very risky choice.
Your Bad Credit Doesn’t Have to Hold You Back
There’s no reason you shouldn’t be able to access money, even with a bad credit score. That’s what we believe, and it’s the whole reason we’re in business. We understand the need for people to get quality loans in Texas and all over the U.S. That’s why we created our Loans Discovery Program and we believe it’s the perfect option you’ve been looking for!
A Safe Way to Get Money
Unlike many lenders, the team at Loans Now recognizes the fact that you’re a person, not just a number on a credit report. Through our program, you can access a great bad credit personal loan in Dallas that you can use for a variety of things, including:
- Home renovations
- Monthly mortgage or rent payments
- Medical expenses
- An emergency car repair
- Take a vacation
- Fund your Christmas shopping
- Diversify your credit portfolio
By presenting you multiple offers at once, you save time sorting through dozens of options yourself. Since you check your own score when you enroll, there’s no initial hard inquiry made against your credit report, meaning your score doesn’t drop any further. We don’t share your private information, so you don’t have to worry about unsolicited phone calls or emails.
A Fast Way to Get Money
When you have an emergency, you can’t afford to waste time looking for cash. We understand that, and our program is designed to get you money quickly. Our enrollment process takes about 5 minutes at most, and we can get your lending options to you within a day or two. Historically, our lender partners have been able to fund loans within 24 to 48 hours of being approved, in most instances. Other lenders can take weeks to fund your loan and may limit how much you can borrow to a few hundred dollars. Our options extend up to $70,000, so you get enough to actually afford what you need.
A Fair Way to Get Money
Since Loans Now only works with quality lenders, you won’t get saddled with a payday or title loan. Our interest rates start at just 4.99%. We offer lending cycles between two and seven years, so you’ll have ample time to pay back your debt. All we offer are unsecured options for borrowing money. You’ll never have to promise your car, your home, or any other form of collateral. Finally, our service costs nothing to use.
Enroll Today and Get the Money You Deserve!
We firmly believe that everyone deserves access to money and that you’re worth more than your credit score says you are. We’ve made it our mission to provide safe, fast, and fair bad credit loans for Dallas, and anywhere people with bad credit need help. Take advantage of our free service, and get access to the money you need today!
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K