Advance America: Is It Possible to Get a Trustworthy Loan for People That Have Bad Credit?

LOS ANGELES - September 25, 2020 - (

For people who have poor credit, getting a loan might feel impossible — but it doesn’t have to be. There are a variety of trustworthy loans borrowers might be able to get even if they don’t have a perfect financial history, depending on their needs and concerns. Here are some of the loan options cash-strapped borrowers should research if they have less than flawless credit:

1.     Secured loans
A secured loan is an option for people who have assets like a home or a car. It means that a loan is backed directly by those assets, which are used as collateral. A secured loan is an option borrowers should consider if they have poor credit and need a substantial loan, but it can be risky when it comes to protecting assets.

2.     Online lenders
As with everything else, banking has also been going digital. Online lenders can be much more competitive than their traditional counterparts, offering fast and easy loans. However, these loans do typically still come with a credit check, although the barrier to entry is often not going to be as high as with a big banking institution.

3.     Same-day loans
People might be able to get installment loans and title loans the same day one asks for them, and possibly without a credit check. These can be a useful option when money is needed ASAP, and as loans for people with bad credit or fair credit, and/or if a borrower might not qualify for the above categories of loan for different reasons.

Reach out to a potential co-signer

Another option for someone needing a loan and unsure about their options is to see if there’s a potential co-signer in their network who would be willing to work with them on a personal loan. Co-signers should have great credit and a solid employment history to help make them a more credit-worthy applicant for a loan.

Being a co-signer is a huge commitment, so this requires a very trusting relationship with their potential co-signer. When asking someone to co-sign a loan, the borrower should be ready to show how they’re going to pay back the loan with a solid, clear plan. The more prepared and honest, the easier the conversation will be.

Work on improving credit for the future

In the long term, it’s great for borrowers to take this as an opportunity to improve their credit and overall financial health.

When people learn more about how credit works and how they can build their credit for the future, that will quickly pay off in terms of lower interest rates, better credit card offers and more.

Notice: Information provided in this article is for informational purposes only. Consult your attorney or financial advisor about your current financial circumstances.

Press Release Service by

Original Source: Advance America: Is It Possible to Get a Trustworthy Loan for People That Have Bad Credit?
Latest News

Stocks rise as China confirms trade deal signing next week

Oct 28, 2020

NEW YORK — U.S stocks climbed in morning trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” accord is the opening step on a possible path toward a broader agreement between the nations. President Donald Trump has said he will travel to Beijing after the initial signing to start the second stage of talks. Every major index is on track for a record as Wall Street distances itself from a bout of anxiety over the last week because of tensions...

Space Force will start small but let Trump claim a big win

Oct 28, 2020

WASHINGTON — The Trump administration is celebrating the launch of Space Force, the first new military service in more than 70 years. In signing the 2020 National Defense Authorization Act that includes Space Force, Trump on Friday can claim a victory for one of his top national security priorities just two days after being impeached by the House. It is part of a $1.4 trillion government spending package — including the Pentagon's budget — that provides a steady stream of financing for Trump's U.S.-Mexico border fence and reverses unpopular and unworkable automatic spending cuts to defense and domestic programs. Space...

House passes $1.4T government spending bill amid impeachment

Oct 28, 2020

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 in the nationwide legal age to buy tobacco products. The two-bill package,...

Stocks rise on Wall Street as rally stretches to fourth day

Oct 28, 2020

NEW YORK — U.S. stocks rallied Monday, rising with European and several Asian markets following surprisingly strong reports on China's economy. Growth in factory activity and retail sales in the world's second-largest economy both beat analysts’ expectations for last month. That layered on top of optimism from last week’s long-awaited “Phase 1” trade deal between China and the United States, which removed some of the uncertainty that’s hung over businesses and investors. The interim trade deal is one of a “trifecta of positive catalysts” that swept through the market last week and could help support it through the end of...

Wisconsin Senate to vote on firing agriculture secretary

Oct 28, 2020

MADISON, Wis. — Wisconsin's Republican-controlled Senate prepared Tuesday to fire the state agriculture secretary appointed by Democratic Gov. Tony Evers, the latest in a series of skirmishes between the governor and the GOP that comes as Wisconsin is losing dairy farmers at a record pace. Republicans and Evers have been fighting since before Evers even took office. Republicans convened a lame-duck session to pass laws weakening Evers' power in December. This summer, Evers used his expansive veto to reshape the GOP-passed state budget, resulting in attempts in court and through a constitutional amendment to weaken his veto authority. And on...

Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]

Subscribe Now!