Many people fear that having bad credit will automatically mean you can’t get a loan in Maryland, but that is not always the case. Sometimes, unpleasant things leave a person with bad credit, which does not mean it was intentional. Granted, some lenders would not want to give out loans if you have bad credit, but no worries, as other lenders will approve your loan even with a bad credit score.
We have compiled a list of these considerate loan companies where you can get loans with bad credit in Maryland so you can make a choice. These loan companies will give you loans, your bad credit regardless, and in addition to that, they will help you to build your credit score by submitting your timely repayment data to the credit bureaus for recording.
1. BadCreditLoans
If you are in Maryland looking for a trusted and reliable platform to connect with credible lenders, you have them with BadCreditLoans. You will get loan approval, not minding your bad credit score. With just personal information, you can get loans for your emergency needs. Whatever emergency need you have, whether for car repair, mortgages, medical bills, etc., BadCreditLoans will connect you with suitable lenders.
You can get all the information and guidelines you need to follow through the loan process. With BadCreditLoans, you can get loans between $500 and as much as $10,000. The repayment plans are flexible, and repayment plans span 36 months. There is no fixed interest rate here as it varies with each lender. Remember that this loan company links borrowers to lenders, so the interest will depend on what the lender charges, usually between 5.99% and 35.99%.
Eligibility for loan approval is that you must be a US citizen and have a stable source of income. Getting loan approval involves you filling out the registration form and providing your basic information. Also, tell them the amount you need and why you need it. After BadCreditLoans has Linked you to a lender, who will transfer the funds to your account latest the following day.
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2. MoneyMutual
MoneyMutual has been in operation since 2010 and has been considerate in connecting lenders to borrowers. Borrowers can get short-term loans and have funds released as quickly as possible. Unlike other lenders, MoneyMutual is easy because you don’t have to undergo rigorous checklists to approve your loan. They have a slightly higher interest rate, but you can get approval even with bad credit.
To apply, you must head to their official platform, where you will submit an application form. You must submit personal information like your age, residential address, and proof that you earn at least $800 monthly. MoneyMutual processes your information to ensure it is valid, and then the next thing is to connect you to a lender. Once connected to the lender, the lender processes your information on their site, where you will get approval for your loan.
After going through the terms and conditions of the loan, expect a disbursement within 24 hours. Note that MoneyMutual is not lending you a loan directly but acts as an intermediary between you and the lender. With MoneyMutual, you have over 60 lenders on the platform, which means more possibilities and quick funds disbursement.
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3. LendingTree
LendingTree has been on the scene since 1998 but operates with Lewisburg Ventures and CreditS source USA. It officially became Lendingtree in 2007. The company has successfully linked millions of lenders to borrowers for loan approval. In 2012, reports recorded that the company had successfully assisted borrowers in securing loans. Lending trees consider everyone. Whether you have a minimum credit score or bad credit, they are considerate enough to accommodate everyone.
Even though they have a minimum credit score of 700, they can accept applicants with adverse credit. LendingTree offers all the features you can get using traditional loans, and borrowers can get loans between $1,000 to $40,000, which is comparable to what the open market offers. Just like the other loans, charges, interest rates, and loan terms will differ with each lender.
Loan application here is straightforward. You have lots of educational materials and articles to help you in the decision-making process. Within two days of application, LendingTree will receive various quotations, and hopefully, you will get a reasonable rate.
4. RadCred
RadCred is a credit loan company with a record of providing customers with financial issues. Luckily, this loan company is available in Maryland, and with their help, you can land a bad credit loan. They have a reliable customer support service that can put you through if you need any further guidance. RadCred is a loan company that helps borrowers connect with lenders for financing.
If you have questions about what kind of loan would be best for your situation or need more information about how RadCred can help you find the right lender, you can contact the RadCred customer support team. RadCred is a perfect place to rebuild your credit score because once you make an early payment, the credit bureau will see that you are willing to make payments. It makes them trust you with future loans.
RadCred company runs a comparison rate, so you have the leverage of checking out the rates of different lenders for free. You can use any of the two payment options to pay, whether an interest-only or fixed rate, and you have available payment options of 5, 15, 20, and 30 years. If you choose to go with either of the two, the interest-only or the fixed rate option, you will make a down payment followed by subsequent monthly payments with no prepayment charges.
5. CashUSA
Regarding excellent and timely service, CashUSA loan company has the best approach to linking lenders to their prospective customers. They do not charge hidden fees or prepayment fees. Applicants in Maryland who have bad credit or no credit can apply for loan approval. Although loans from this company are quite smaller compared to others, they are super reliable when helping you secure a loan.
Loan approval is hassle-free and quick, with a payment plan between three and seventy-two months. They offer a loan amount of between $400 to $10,000. Borrowers can apply online by providing information like Date of Birth, Zip code, and Social Security number. CashUSA is transparent in its dealings with customers and how they connect them to lenders. Once your information is confirmed, your request gets your loan approval within 24 hours.
Conclusion
Applying for a loan with a loaning company can sometimes be challenging, especially if you don’t know their requirements. What is even worse is if you have bad credit, most people would never have the confidence to apply, even if they have pressing needs for fear of rejection. However, all that is about to change because if you are in Maryland with a bad credit score, there is hope. These five loan companies listed in this article will give you loans regardless of your bad credit. So, try them out today and have your cash funded in your account.
