Fill the Online Application Form
The first stage will be to fill the application form on the platform. This form will help you evaluate your profile and provide you with the loans you qualify for. The process takes only a few minutes. Make sure you only provide accurate details that can be verified.
There are certain eligibility requirements demanded by lenders before they issue loans. The good part is that for a bad credit emergency loan, your credit score does not have to be perfect. Despite a poor score, you can still qualify for a loan provided you meet the conditions of the specific lender whose loans you have chosen.
- You must be at least 18 years of age
- Have a regular source of income (Self-employed/Full-Time Employment/Social Security Benefits/Disability Benefits)
- Proof of citizenship (SSN or Legal Residency)
- You must have a personal checking account
- Valid email address
- Working telephone numbers
After filling and submitting the online application form, you will be connected to a lender in the BadCreditLoans network to provide you with assistance. Once you are connected to a lender, your information will be verified and your application reviewed. If the lender accepts your request, an offer will be sent to you containing information about the:
- Loan amount to be issues
- Repayment schedule
- Interest on the loan
You are not obligated to accept the loan if the terms are not favorable to you. If they are, you must accept the terms and agreement via an e-signature. After adding the signature, the lender will forward the cash to the checking account you provided on the next business day.
There is no strict repayment plan you must abide by as no two lenders have the same repayment plan. So the plan will depend on the schedule agreed by both parties (you and the lender).
The last and final platform we reviewed is CashUSA. This is a free lending network for borrowers looking for emergency loans with bad credit. You can borrow up to $10,000 depending on what your needs are and what the lenders you are connected to are willing to give. The pre-qualification form is easy to fill, and it takes very little time to process. Once your application is approved x all it takes is 24 hours to receive the funds in your account. The minimum bad Credit loan amount is $500, while that maximum is $10,000, and the review process takes only a minute.
Lenders in the network charge interest on issued loans ranging between 5.99% – %, and the loan tenure you will find on CashUSA ranges between 3 months -72 months.
Every year, thousands of borrowers with bad credit apply and get instant emergency loans ranging between $500 – $10,000. What happens is that after filling and submitting the online form, CashUSA will forward the form to a network of lenders for pre-qualification vetting. This process takes seconds, not minutes or hours.
Those who are pre-qualified will be provided with a list of interested lenders that they can pick from. If you accept the loan conditions, the funds can be deposited in your account in 24 hours.
Another good feature about applying for an urgent small emergency loan via CashUSA is that the application process is seamless and easy to complete in under 5 minutes. All you will have to provide is your:
Once you migrate to the next page, you will be asked more detailed questions like the emergency loan bad credit amount you are requesting for, fill in your address, occupation, and your credit score. Scores of 579 and below are ranked as poor, while a score of 720 and above is ranked as excellent.