If you’ve heard of someone else’s loan experience through a lender, it may discourage you from ever applying for one.
Applying for a loan might not be everyone’s forte, and with lenders that make it even more difficult, it’s no wonder getting one might seem impossible at times.
Before reaching the edge of the brink where you apply for a loan with a lender who’d reject you or traps you in a scam, why not apply on the right platform?
For payday loans for bad credit, none comes quite as close to exemplary services as WeLoans. Keep scrolling for a detailed review.
What is WeLoans?
Many people are unaware of the difference between lenders and brokers. Lenders are loan providers who directly give you the money to borrow for a specified period.
Meanwhile, brokers are sites that connect you with these lenders. They are not responsible for offering loans themselves but only act as a third party.
Now that you know the basics, let’s move on to WeLoans and what the website offers for those looking for a payday loan. WeLoans falls in the second category, aka loan brokers.
Unlike those notorious for partnering with fraudulent lenders, what sets WeLoans apart is that it only deals with reputable and licensed payday lenders in the US.
Besides payday loans, the lenders on the WeLoans network also offer several other loan types among their services. For more information about WeLoans, visit WeLoans website.
What are the Benefits of Getting Loans from WeLoans?
Applying for a loan comes with numerous risks. Add in a shady website, and your already depleting finances go down the drain.
Therefore, it’s wise to look into whether you should apply for a loan through WeLoans. Does it benefit your circumstances in any way? Let’s find out.
Diverse Network
When it comes to financial decisions like getting a loan, you shouldn’t grab the first offer that comes your way. Maybe there’s another lender out there willing to send you a better offer.
WeLoans has an extensive network of lenders, over thousands across the US. Not just that, but all of these lenders are licensed and have amazing testimonials from clients. Not only will this save you the time to find lenders, but you will also get competitive offers.
Secure Website
Some loan providers or brokers won’t care for your data security when you’re using the site. Alternatively, WeLoans recognizes the importance of site security, especially in such cases.
Their website is 256-bit encrypted, and you’ll never have to worry about your personal information getting leaked through this platform.
Simple Application
With financial troubles and thousands of complexities in life getting to you, the last thing you need is a loan application that takes forever to fill out.
Even if you’re not accustomed to applying for a loan online, and it’s your first time, WeLoans makes the whole process super easy.
From user-friendly interfaces to a simple application form that only asks for necessary information, applying for a loan has never been more hassle-free than with WeLoans.
Bad Credit Acceptance
One of the most common and worrying concerns for borrowers is their credit scores. A little below 580 and banks will already start rejecting your loan application, no questions asked. However, if you’re applying through WeLoans, that’s where the odds are in your favor.
Online lenders don’t ask for a lot regarding applicant criteria. As long as you can show repayment ability, your bad credit score won’t hinder your application. In fact, WeLoans’ lenders have more than 90% acceptance rates!
What Other Loan Services Does WeLoans Offer?
WeLoans doesn’t have just a single loan type under its services, but almost any loan you can name. If payday loans aren’t your cup of tea, you might be able find the one that’s right for you on the WeLoans website.
Emergency Loans
You be under the misconception that loans never come as quickly as within 24 hours. For most loan types, that is the case, but you can get funded through emergency loans, also called same day loans, within the same day. WeLoans helps you find lenders that can do exactly that.
Cash Advance Loans
Need a quick cash advance for the next few days, especially when your bank or credit card issuer isn’t willing to provide it? The lenders on WeLoans platform offer cash advance loans with minimum eligibility criteria, no credit score caps, and competitive rates.
No Credit Check Loans
Your credit score may not be all rainbows and sunshines, but that shouldn’t stop you from getting a loan in desparate times.
Online lenders readily offer no credit check loans where the lender only performs a soft credit check that won’t impact your scores and won’t reject your application either based on your score.
Title Loans
When you need a huge sum of money and your previous financial profile isn’t exactly striking, putting up a collateral does the job.
In this case, you’ll have to hand over your vehicle’s ownership as security, but not the vehicle itself, until you repay the loan fully. The plus side: you can borrow tens of thousands through title loans.
Installment Loans
Your only options for getting a loan don’t have to be those that need to be repaid within weeks. Get an installment loan for larger loan amounts and longer repayment periods, which can extend to 3-5 years. Furthermore, you can opt for a monthly repayment option instead of a lump sum.
How Can You Apply for a Payday Loan with WeLoans?
WeLoans makes it a process that only takes an hour max of going through the steps from your end. Here’s what you need to do:
Fill Out the Application
Sometimes, finding a simple application form on a website can become a nuisance. WeLoans has a neat website that doesn’t require you to be tech-savvy to find the payday loans tab.
Once you get there, you’ll need to fill out the application form upon selecting a loan amount. Finish up the form and submit it.
Look Through the Offers
Not just one or two; numerous lenders will be sending their offers your way once they receive your loan application. With differing APRs, fees, repayment periods, and terms, take the time to review lenders and select an offer. Then, get in touch with the lender to wrap up the formalities.
Wait for the Loan
The lender may take a while to approve your application. When they’re done, borrowers can receive the funds as soon as the same day.
Final Verdict
If loan applications, approvals, and your own profile have you scared of applying for one, WeLoans might be able to change that situation around.
Crediting to the ease of applications and quick approvals, getting a payday loan is a breeze through WeLoans and its diverse network of licensed lenders. It only takes a few minutes to fill in the application form as well, so why wait?
