How to Get a Guaranteed Approval Loan with Bad Credit

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If you’re looking for a bad credit loan, there are a few things you need to know in order to get approved.  Following these steps will give you the best chance of getting approved for a bad credit loan.

The first step is to find the right lender.

Some lenders that may come up when searching for a bad credit loan include Avant, OneMain Financial, and LendingPoint. It’s important to compare rates and terms before choosing a lender so that you can find the best possible deal. For example, Avant has an APR range of 9.95% – 35.99%, while LendingPoint’s APR range is 9.99% – 35.99%.

It’s important to compare rates and terms before choosing a lender.

When comparing rates, it’s important to look at the Annual Percentage Rate (APR). This is the total cost of the loan, including interest and fees, expressed as a percentage of the loan amount. The lower the APR, the better. It’s also important to compare terms so that you can find a loan that fits your needs. For example, some loans have shorter repayment terms than others (meaning you’ll have to pay back the loan sooner). Others may have higher borrowing limits or lower interest rates for those with good credit.

The next step is to fill out a loan application.

This means providing your name, contact information, financial history, and the reason for taking out the loan. Be as detailed and honest as possible; providing false information will only delay the process and may result in a denial.

Include proof of income and asset documentation.

In order to get approved for a loan, lenders will need to see that you have the ability to repay it. Include pay stubs, tax returns, or other documents that show your income. If you have any assets such as a house or car, you’ll need to provide documentation for those as well. Having this information ready will help speed up the process.

The final step is to get a cosigner.

A cosigner is someone who agrees to sign your loan application with you and assumes responsibility for repaying the debt if you default on the loan. Having a cosigner can increase your chances of getting approved for a loan, especially if you have bad credit.

Make sure the cosigner understands the loan terms and responsibilities.

Before you ask someone to be your cosigner, make sure they understand all the terms of the loan and their responsibilities. For example, they may be responsible for making payments if you miss any, and their credit could be negatively affected if you default on the loan.


If you have bad credit and need a loan, there are a few steps you can take to increase your chances of getting approved. First, find a lender who specializes in bad credit loans. There are many of these lenders available online. Compare rates and terms before choosing one. Second, fill out a loan application completely and accurately. Include all necessary documentation such as proof of income and assets. Finally, get a cosigner if possible. A cosigner with good credit can help increase your chances of loan approval. Be sure to choose someone who understands the terms and responsibilities of the loan agreement before signing.


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