Looking for an Unsecured Personal Loan in Nebraska?
Credit card debt getting out of control? Have you overextended yourself and you are finding that you struggle to even make the monthly minimum payments? Don’t stress over your credit cards any longer! By working with Loans Now, we can find an unsecured personal loan that best tackles those credit cards. The Loan Discovery Program gives you a means of wiping out that debt you have already accrued, consolidating it all into one monthly payment with a single interest rate — a rate much lower than the credit card companies can offer.
Do you have other forms of credit putting you in the same debt boat as credit cards? Retail-offered lines of credit, other loans, possibly with high interest rates? You can consolidate those as well with an unsecured personal loan. Sometimes it is best to wipe the slate clean and start over (not suggesting bankruptcy — that is the last option you want to consider). By using a single loan to cover all of your debts, you are doing exactly that. You are cleaning up your credit report, giving yourself a near-fresh start, and making everything fit into your monthly budget. This will help you not just in the present but can also provide you with more options in the future.
Unsecured Loans for People with Bad or No Credit
“But I have bad credit because of my credit card debt — how is anyone going to approve me for a loan?” Debt consolidation is a perfectly viable use of a personal loan; it can help repair your bad credit. While some lenders may deny your request because of your credit score alone, Loans Now looks beyond your credit score when finding you options to accomplish your consolidation goals. Our dedicated team members work with your situation when searching our network of lenders for the best personal loan for you. To learn more, visit our How it Works page. Some highlights include:
- Working with credit scores as low as 450!
- There is no up-front credit check
- Our service is absolutely free
- We can find loans between $500 and $70,000
- Repayment terms in 3, 5, or 7 years
- Human recommendations, no algorithms
Do you want to fix your credit score while you’re consolidating your other debts? Then get started with Loans Now — NOW! Check your credit score then fill out the loan discovery questionnaire. It’s fast; only takes 60 seconds to complete. Then we can start the process of finding you the right solution. Not only is it quick to get started, but the entire process is also fast, taking on average only 5 minutes! What’s even better is that you can have your money just as fast, typically within 24 hours. Don’t let your credit card debt continue adding interest and late fees. Let Loans Now help you out of that tough situation and start fresh!
One Issue in an Otherwise Good State
Nebraska is a well-off state, ranking #9 in a list of best states. Education and infrastructure are strong in the state and the cost of living is lower than the national average. The average household income is $57,000, just shy of the national average of $58,500. The lower cost of living tends to balance things out, however. The poverty rate is also below the rest of the country. If there was one thing that Nebraska suffers from, it would be credit card debt.
The average Nebraskan has approximately $6,200 in credit card debt. This may be on the lower end of the spectrum compared to the rest of the country, but how much of that debt could have been made in a better fashion? Did a large auto repair end up getting charged to a credit card where they are collecting 20 – 36% interest? Or was a high-ticket item of several hundred or thousands of dollars put on a card? A personal loan would’ve been a better option because of the lower interest rates. If you are a Nebraskan seeking to consolidate your credit card debt, an unsecured loan through Loans Now can clear away those credit cards.
Nebraska Laws and Regulations for Bad Credit Personal Loans
The State of Nebraska has placed the cap on the amount of interest permissible to be charged on a loan at 16% per year (Nebraska Revised Statutes § 45-101.03). This puts the state on par with the average of interest rates among the other 49 states. This also keeps Nebraska competitive in the lending industry, creating more opportunities for profit for lenders while ensuring affordable financial services for residents of the state.
If a complaint is made against an institution, and they are found to be conducting usurious practices (charging a percentage rate above the legal limit), then that lender will lose all rights to collect interest on the loan (§ 45-105). A borrower will still have to repay the principal on the loan but they will not have to pay any additional money towards the loan. In fact, any interest that has already been paid in these circumstances has to be put towards the balance of the loan’s principal. By penalizing lenders with the loss of the interest, Nebraska is cutting the lender’s means of earning a profit. With this punishment in place, the state hopes to prevent unethical lending.
Loans Now: Core Policies & Procedures
- Never collect or share sensitive customer information: SSN, DOB, Address.
- Never collect up-front payment to process a customer’s loan application / or fund a loan. Loans Now will NEVER ask you to send us money in any form.
- Introduce customers to our Loan Discovery Process. A one-on-one loan service strategy that fits every customer’s unique needs with the right lender for them
Nebraska Personal Loan for Bad Credit Lending Regulator
Nebraska uses its Department of Banking and Finance to protect the people of the state in consumer financing transactions. This department of state government monitors and regulates businesses and individuals operating in the money lending industry, issuing licenses to conduct their businesses and investigating claims of misconduct against a consumer financing institution.
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K