Unsecured Loans for People with Bad Credit

Are you having issues achieving approval for personal loans because of a history of bad credit? NOT ANYMORE! Premier Lending specializes in assisting people with BAD CREDIT and good credit acquire unsecured personal loans for as little as $100 to as much as $25,000, fast and stress free! We can approve 75-85% of loans that typically get denied by traditional lenders.

High-risk individuals with bad credit, no credit, slow credit, and poor credit will have no problem obtaining bad credit unsecured loans! Achieve approval for bad credit loans even if you have experienced BANKRUPTCY, LIENS, REPOSSESSION, FORECLOSURE, COLLECTIONS, DIVORCE, and/or JUDGMENTS. A less than perfect credit history should not prevent you from accomplishing your financial goals in life!

We Understand That Bad Things Happen to Good People!

LET US HELP YOU GET THE SECOND CHANCE YOU DESERVE!
APPLY FOR BAD CREDIT UNSECURED PERSONAL LOANS!

Get educated by reading the Personal Loan Glossary and gain IMPORTANT information that will help you make WISE choices when applying for unsecured personal loans. Compute Financing Payments and determine what your monthly loan payments and total interest costs can be by calculating varying interest rates with multiple principal amounts, over several durations of loan terms. We also invite you to stop by our FAQ page if you have any questions, concerns and/or comments regarding our personal loan service and how it works. Or, you can Contact Us and speak with one our loan officers directly!

Submit a request for bad credit personal loans! We have satisfied over $805 million dollars in requests for unsecured loans since 1996! 

Build Business Credit and See Your Business Grow

Planning and putting up an owned business is hard. It is a dream of millions of people around the globe. There are a lot of people who set up their own businesses but never quite get around to it. This can be due to one of the factors that can discourage these people from launching their own venture off the ground, which is the lack of capital. There are also others that fear the risk of losing their own money.

However, with careful planning, thought and effort, it is possible to raise some capital that can help to get the business started and it can be done through building a business credit. For short, you need to borrow against the business rather then from personal assets.

Carefully Produce a Business Plan and Structure

Setting up a business through business credit takes you in the world completely different from consumer credit. This only states that you are striving to project yourself in a business point of view. You must be able to prepare yourself for the transition it entails to ensure successful venture; from being an employee to being a business man. The more you think in the business point of view, the better it is for the business and allows growth in the future.

Maybe the hardest step in building a business credit is to convince the potential lenders that you are trying to achieve and set up a viable venture. The quality of your business plan and preparation is important. In order to set up a proper business structure, you must make sure that the prerequisites, i.e. licenses, documentations, are in place. You can use the business plan to show your lenders that you have placed a deep thought about the several elements in a business: the competition, pricing, products and the markets. If you are not sure about the business plan, you can always hire an advisor but it is critical to prepare yourself for the defense of your sales projections and the estimated costs of the start up and running.

Be an Excellent Credit Customer

There are materials that you will need before the business can become a reality and these are: the services, equipments, stocks and several other materials necessary for the business. Be on the lookout for vendors who are willing to grant you a credit though it may best to choose those companies that will be able to report your credit history to major business credit reporting agencies. Good scores in business credit are reserved for other large and stable business, but with careful and diligent business and credit practices, you can also achieve a good credit rating.

Get Hold of the Assessment for Your Credit

Preparing and doing a credit assessment is necessary before entering the business credit market. The credit assessment would determine if you are able to comply with the lender and the credit bureau’s requirements. After achieving that, keep your eyes peeled for businesses that can issue credit without the need for an established business or personal credit checks or guarantees. Once you are able to transact the business with credit vendors, you will be able to use those references in order to build your credit profile with the agencies for credit report.

You can also take advantage of those retired or semi-retired businessmen. These people sometimes volunteer to help start up a business. You can build your knowledge as you start the journey to a successful business with a good standing in credit.

You can also utilize the advice they can give about pitfalls and disadvantages of starting a business to help you better prepare for the future.


Build Business Credit and See Your Business Grow

Building Business Credit Scores

To be able to avail of many financing offers by many lenders, having a good credit score is a must. If you have one handy, this will allow you to get a decent amount with reduced interest rates, with flexible payment terms. But building your business credit score is no easy feat to accomplish.

If you just have started earning your business credit when you set up your business venture, then it’s quite easy to get a good rating within 1 to 2 years of its operation.

This is not the case, however, when you have a bad credit rating. You either have to repair your business credit on your own, or hire a credit repair professional to get the job done. Only when you fixed your score can you start to build it up.

But before you can actually start building business credit scores, you need to have a credit identity first. This can be done by putting up your business as a corporation or an LLC. These two are perfect statuses to start your business credit. Since most financial lenders are eyeing clients in corporation or LLC, having your business as one will allow you to get a loan faster than any business enterprise.

You also need to set up a credit record with a credit agency, or Paydex. Credit agencies will keep track of your credit transactions, rate them and give them scores. This will be used to determine how good your credit rating is when a financial institution does a credit check.

Paydex scores by big companies like Dun and Bradstreet will keep records on how well your company is paying your credit bills. The score ranges from 0 to 100 – the higher the score, the bigger the possibility your loan will get approved.

Now that you have established your credit identity, you need to apply for a loan before you can actually start building your business credit scores. First, you can choose either a secured loan, where the lender will ask you to pledge assets or properties as collateral that will serve as security for the loan. Note that this kind of loan will let you borrow a much larger amount (depending on your collateral), and a much reduced interest rate.

Another type of loan is the unsecured loan, which is perfect for those who don’t want to put their assets at risk by setting it up as collateral. Since the risk to the lender is higher compared to unsecured loans, the financial institution might be very strict with its application, coupled with a higher interest rate and payment schemes.

Next is the type of credit you want to be used in your business venture. Below are the most common credits you can bring out in any lender in your area:

1. Business credit card

Quite separate from a personal credit card, this type of credit is more lucrative to be used in business ventures due to its reduced APR, and flexible interest rates (depending on the amount used within the month).

2. Short/Long Term Loans

These kinds of loans allow you to borrow a fixed amount of money from the lender to be used in any way you wish. Attached with fixed interests with payment terms ranging from 5 to 10 years depending on the amount borrowed.

3. Lines of Credit (LOC)

Lines of credits are more for business who are into operation 2 years or more. Credit lines will let you have a fix amount of credit on the bank, which can be used to pay for unexpected expenses that crop up during the operation of your business. The interest expense will depend on the principal amount you have left, and will reduce as you pay your debt until it reaches zero.

Bad Credit Loans - Free Cash Government Grants - Business Credit Scores

Direct Student Loan Consolidation

 

Direct student loan consolidation

Student loans are two-edged swords. Without them, you couldn’t pay for that degree you worked so hard for. On the other hand, without them, you might actually get to keep the amount you pay out every month for yourself. You might get to pay your other bills on time, afford a more reliable car, or find a better place to live.

If repaying your student loans is challenging your budget, or worse, putting your finances – and credit rating – in the red, you might want to think about a direct student loan consolidation.

With a direct student loan consolidation, you exchange your outstanding student loans with their higher interest rates for one loan with a more manageable, fixed interest rate.

A direct student loan consolidation may be the answer to more than one problem. If you have struggled to meet your monthly payments and in fact have used every option for deferment or forbearance your current loans offer, or find yourself about to default on your loan, a direct student loan consolidation can mean a fresh start. A new loan is often a clean slate. 

Not only do deferment and forbearance options become available in case of need again, but often direct student loan consolidation gives you a much lower interest rate – as much as 0.6 percentage points – thereby lowering your monthly payments. And when you consolidate those student loans under a new loan, those loans show up on your credit report as paid off, and your credit score benefits.

There are four plans for repaying a direct student loan consolidation that you many want to investigate as you consider which is best for your needs.

The first plan is a Standard Repayment Plan and gives you a fixed monthly payment for up to 10 years. The Extended Repayment Plan also sets fixed monthly payments, but the repayment period is set between 12 and 30 years, according to the total amount you borrow. In this plan your payments are lower because they are spread across a long period of time. Keep in mind, however, that making payments over longer periods of time means you will end up paying out a larger total amount.

The third option is the Graduated Repayment Plan. This is another direct student loan consolidation plan with a repayment period between 12 and 30 years, only in this plan the amount of your monthly payment will increase every two years.

Finally, if you have a job and family, the Income Contingent Repayment Plan may be what you’re looking for. This plan sets a monthly payment based on your annual gross income, family size, and total direct student loan debt, and spreads those payments over a period of 25 years.

While direct student loan consolidation may be the best way to get on top of student loans for some, if you are close to paying off your existing loans, it may not be worth it in the long run to consolidate or extend your payments.

However, if you are still seeing loan payments coming out of your pocket well into the future, consider the direct student loan consolidation seriously. If you consolidate your loans while you are still in school, you may qualify for a 6-month grace period before repayment begins. You may find you will be able to keep any subsidies on your old loans.

Lower your monthly payments, improve your credit rating, gain control of your loans, and give yourself peace of mind about the future with a direct student loan consolidation.

Bad Credit Loans - Direct Student Loan Consolidations