Online Loans For Consumers With Bad Credit Who Live in California

People with bad credit can still be eligible for loans if they apply online. If you do some research, you will find that there are many places online where you can get a bad credit loan. Many online bad credit loans are unsecured and you don’t have to use your property as collateral. The following are the top 3 bad credit lenders for consumers with bad credit in California.

1. BadCreditLoans.com
BadCreditLoans.com is a network of online bad credit lenders that offer loans for people with poor credit score. It has a few requirements that are easy to fulfill including $1000 monthly salary, be employed for the past 90 days, valid phone number and email address. The APR interest for the loas at BadCreditLoans.com is quite expensive and starts from 230% – 2330%. The advantage of bad credit loans is that even people with really bad credit can get a loan of up to $1,000. You can get pre-approved in 5 minutes and you can expect the funds to be deposited into your account in the next business day.

2. OneMain
OneMain is a good bad credit loan option for people with a credit score below 600. OneMain provides both secured and unsecured loans and the interest APR is in the range of 25% – 36%. They offer a loan amount in the range of $1,500 – $10,000. You can be approved of an even bigger loan amount if you have a better credit score. The only downside is that it does not have any soft credit check and applicants will get a hard credit check when they submit the application. The secured loans from One Main require you to use a collateral as security. For example, you can use your car title as security for the loan. People with a lot of troubled credit history may only qualify for the secured loan while those with a better credit profile have the option of either a secured or unsecured loan.

3. Peerform
Peerform is a p2p platform for people with a low credit score requirement of 600. They don’t have any minimum income requirement to meet and you only need to provide proof of one year of payment history to qualify for a loan. With Peerform, you can get a loan of up to $25,000 even if you have a poor credit score. They charge a competitive interest rate in the range of 7.99% – 29.99%. The interest rate that you are charged is based on the grades that you receive when you apply. You can fill in the online form and provide information about your income to get an estimate interest rate quote. It takes up to 2 weeks to get approved for a loan at Peerform.