Lending for Bad Credit Review

If you have a bad credit score, lending options are limited. You can go to your bank and see if they will give you a loan, but it’s likely that they won’t help you unless the amount is low or there is some other extenuating circumstance. What about online lending?

This option has been on the rise in recent years because of its convenience for people who don’t want to deal with going into a physical location. Lending For Bad Credit is an example of this type of lending service.

This review will answer all of your pressing questions about this service.

Bad Credit Loan Lenders: What is Lending for Bad Credit?

Lending for Bad Credit is a lending service that helps people with bad credit scores find suitable loans. They do this by giving you the information about each lender and then letting you decide which one to apply through.

This process is quick and easy.

The lending group that Lending for Bad Credit uses includes a number of lenders, including:

  • AvantCredit
  • BMO Harris Bank
  • Capital One Auto Finance
  • Citizens One
  • Credit One Bank
  • First Premier Bank of Omaha
  • My Banking Direct.com (MBD)
  • Olive Branch Finance, LLC
  • PNC Auto Finance Services Inc.
  • Synchrony Financial

How Much Money Can I Borrow from Lending for Bad Credit?

You can receive anywhere from $100 to $40,000 if you qualify for this service.

Fortunately, you can qualify even if you have a bankruptcy under your belt, late payments, or other factors that would normally disqualify someone from lending.

The only caveat is that you may have to endure exorbitant interest rates due to your poor credit score. Lenders will take a risk on you at a price, which means extra money in their pocket, even if you make regular, on-time payments.

What Happens if I Fall Behind on Payments?

If you are unable to keep up with your lending payments, Lending for Bad Credit will not give out any other type of lending option. You’ll have to continue paying off the original loan and/or request a new one if possible.

You may also be charged by the individual lender and required to make all of your outstanding payments, in addition to penalty fees. If your situation is drastic, your lender may send your delinquent account to collections, which can severely damage your credit score.

Lending for Bad Credit: Pros and Cons

Before you sign up for this service, here are some helpful pros and cons to remember:


  • The lending service is convenient and easy to use.
  • Lending for Bad Credit allows a person with a bad credit score the opportunity to get a loan, which may not be possible elsewhere.
  • Another pro is that Lending for Bad Credit does all of the work for you when it comes to finding lending options – they just need your email address.


  • Lending for Bad Credit is only a lending service, which means you will still need to find a way to cover other expenses like groceries.
  • The interest rates are often high because lenders take on the risk of lending money to someone with bad credit scores. If you don’t make payments regularly, these companies may charge late fees or send your account into collections.

Will Signing Up Affect My Credit

Lending for Bad Credit will not affect your credit score, but the lending company that you apply with may. If you do sign up and start borrowing money through this service, make sure to read all of their lending terms so that there are no surprises later on down the line.

How Long Will it Take to Receive the Money?

It takes about 24 hours to process your application and once you’re approved, it can take anywhere from three to five business days for the lending company to deposit money in your account.

What’s the Minimum Credit Score for Lending for Bad Credit?

This service claims that there isn’t a minimum credit score to qualify. However, that may not be the case for most lenders.

Lending for Bad Credit states that they offer lending opportunities regardless of what has happened in the past and will provide you with all of the information about how to qualify for loans with major lenders.

For extra measure, it’s best to have a credit score of at least 500. At least, some lenders may be willing to loan you money without a costly interest rate.

How Can I Borrow Money with Bad Credit?

Overall, Lending for Bad Credit is a great service if you need immediate cash. If you’re interested in more long-term options, try applying for poor credit credit cards. It’s also important to start understanding credit reports and credit scores if you want to upgrade to an unsecured credit card in the future.

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