Looking for an Unsecured Personal Loan in Oklahoma?
When storms tear through your town and devastate everything in their path, what are you going to do? You’ve lost your home, you’ve lost your security; and in many cases, you’ve lost your livelihood. While home insurance should pay for the damage done to your home, what are you going to do about paying for the other necessities of living? What are you going to do for temporary shelter, food, replacement clothing, and a new vehicle? Our Loan Discovery Program will help you pay for all of this, restoring a bit of that sense of security now lost to you.
It is horrible what you are going through, and we understand that in these situations, you need money fast. Our process is designed to get you the unsecured personal loan you need as fast as possible. The loan discovery questionnaire only takes 60 seconds to fill out and get everything going. The process in its entirely typically only takes 5 minutes from beginning to end, where your loan options are presented to you. Once you choose the option best for your unfortunate situation, you can then receive your money in as little as a day.
Unsecured Loans for People with Bad or No Credit
Even if you have bad credit, you can still take out an unsecured personal loan to cover expenses from these types of situations. Our loan discovery program works with people who may have scores as low 450, giving the vast majority of people the ability to breathe a small sigh of relief knowing that their family will be taken care of financially while dealing with this terrible hardship. How it works is that our dedicated team members work with our network of lenders to find options for nearly everybody and every situation.
- Tornado destroyed your home or part of your home
- Winds blew a tree into your car
- Livestock has been lost or killed in the storm
- Hail damaged windows and roofing
- Crops were wiped out by a twister
The items above are all things that an unsecured personal loan can help you recuperate from after a storm. These are all terrible happenings that will require money to either repair, replace, or survive through. Loans Now is able to get you that money to make those repairs or new-vehicle down payment. First, you will need to check your credit score (this is part of the process) then you will be able to get started with our discovery questionnaire. Please, don’t wait. Take advantage of our services today so that you can start recovering tomorrow!
Oklahoma Suffers from a Lot
Healthcare in Oklahoma is abysmal. The state ranks 48th out of 50 in terms of access to healthcare, the quality of that healthcare, and the overall health of its residents. It has one of the highest percentages of adults without health insurance in the country; 20% as opposed to the national average of 12%. The number of hospital visits in the state is higher than the rest of the country — 800 more for every 100,000 hospital admission. With a population of less than 4 million, that is an extra 32,000 visits per year. Along with Oklahoma’s higher-than-the-nation obesity rate, this all adds up to a rather unhealthy state, and a lot of money needed to get people healthy again.
The median household income is also below the American average, $49,000:$58,500. The poverty rate for the state is above the majority of the country as well. Even with the cost of living being lower in Oklahoma than the nation as a whole, lower wages and increased spending on healthcare has made it hard for Oklahomans to afford their financial responsibilities. When that happens, people will often look for help. Loans Now can offer that help. We can provide the financing you need to cover those medical bills and any other bill that you might have fallen behind on.
Oklahoma Laws and Regulations for Bad Credit Personal Loans
For bad credit loans in the State of Oklahoma, a tiered system has been adopted to determine a legal maximum rate of interest that can be charged on an account. According to Oklahoma Statutes,§ 14a-3-508a, the caps on interest are as follows: for principal amounts at or less than $2,910, the amount of interest allowed is 27%. On the middle tier — principal amounts between $2,910 and $6,200 — the permissible rate is 23%. For that part of the principal in excess of $6,200, the rate that can be charged is 20%. Lenders do have the option to charge a flat interest rate of 25% on the entire principal if they choose to, in exchange for the above-described method.
The penalty for usurious lending in Oklahoma is actually set in the state’s constitution. In Article 14 § 3, the constitution states that a lender will forfeit all interest on the loan issued in Oklahoma. If any interest has already been paid on the loan, the lender is not only responsible for refunding the amount paid, they are also required to pay back double the amount of interest. This was done to discourage unethical practices and promote a healthy consumer finance industry that benefits companies and borrowers.
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
Oklahoma Personal Loan for Bad Credit Lending Regulator
The Department of Consumer Credit is the unit within the Oklahoma executive branch responsible for regulating the consumer finance industry in the state. The department is authorized to issue business licenses to individuals and companies operating within this industry as well as investigate usurious complaints against these lenders.
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K