Many lending applications are available that provide loans to people and companies with bad credit. These applications might be more likely to lend to applicants with bad credit records and more lenient with their lending standards. It’s crucial to remember that these loans could have worse terms and higher interest rates than conventional loans. Here are a few instances of loan applications that might provide loans for those with bad credit:
LendingClub – LendingClub is a peer-to-peer lending platform that allows borrowers to apply for loans directly from investors. Borrowers with low credit scores may be eligible for loans through this platform, although the terms and interest rates may vary depending on the investor.
Upstart – Upstart is an online lender that uses artificial intelligence to evaluate loan applications. The company claims to consider factors beyond just credit score when deciding whether to approve a loan, and may be willing to lend to borrowers with low credit scores.
MoneyLion – MoneyLion is a personal finance app that offers loans to its users. The company claims to have a “lenient” credit score requirement and may be willing to lend to borrowers with low credit scores.