We cannot simply take “No” for an reaction – especially when you heard lending professionals telling that you could not apply for individual loans based on your low creditworthiness. That’s a rigorous “No-means-no” reply from most traditional lenders when they could not afford to take risk of accepting borrowers with enormously low credit score. When you could not borrow loans from them, you will need to look for bad credit individual loans from non-bank lenders.
Some people have several resources on how to look for a reputable non-bank lender by searching for constructive reviews and feedback via various online resources like online forums, blogs and many more. There is one effective way to search for such lenders are by using Google Maps which is a common way of searching related businesses (or companies) which are located within your area or otherwise. In addition, it is also a contraption for people who are direly in need of bad credit individual loans; to look for lenders who do not provide online loan application as they only suggest private loans after serious face-to-face negotiation with their clients.
Here’s how you can actually look for such reputable non-traditional lenders via Google Maps by following these steps below:
1. Visit Google Maps (Site URL: Maps.Google.com) and perform the right keyphrases search – You can make use of this search instrument to search for local businesses. It is like regular Google search contraption – type-in “bad credit private loans [place your location here]”. For example, type-in “bad credit individual loans Florida” and within seconds you will see a list of non-bank lenders on the left column, whereas on the right column, you will see a local city map.
Two. Click on the marker or the link to view the exact location of the company – Once you click either the marker (labeled as A, B and etc.) or the page link, you will see the exact the direction of the company.
Trio. Based on the speech bubble, click “more info” to view more details about the company – Once you have clicked on the page link, you will see a marker and a speech bubble emerge on the local map. Then, click the “more info” link so that you can view the details about the company including ratings and reviews by Google users, and other related details about this company. For example, Bad Credit Solutions Delray Beach – a loan provider is located in Delray Beach, Florida.
Four. Always check out their business via BBB directory – Never miss this step, as you need to be sure that these non-bank lenders suggest trustworthy lending services. Some BBB accredited loan companies are not performing up standard and received low BBB ratings. Based on the given example earlier, you need to check out their business via BBB directory to see whether they receive good BBB ratings. Always consider those lenders who have only high BBB ratings.
By following these steps above, hope that you will be able to find a legitimate bad credit private loans with reasonable monthly repayments and loan tenure.