Dec. 5, 2012
/PRNewswire/ -- PersonalLoansForBadCredit.net, the North American online Personal loans comparison specialist, has announced that consumers can now experience a higher rate of approval when applying through its service for unsecured loans. The site has improved on its already high ratio of inquiries to loan offers from lenders by increasing the ambit of its membership to more dedicated bad credit lenders.
The service has made a name for itself as a respected, independent aggregator site that offers impartial, objective and comprehensive information on improving consumer finances. Additionally, it hosts a live online application linked to top lenders that allows applicants to search, apply and compare all in one step. The site boasts some of the fastest turnaround times in the online loan sector and the application form is simple to complete, taking less than 3 minutes.
A spokesperson for
made the announcement.
"Consumers can now enjoy more choice and more products from trustworthy, well-established lenders. We are pleased to announce that we have added several additional key players into our circle. Specifically, these lenders are focused on delivering competitively priced loan options to the so-called "underserved" consumers of the credit world; that being those individuals with credit scores considered to be low by traditional institutions."
By hosting more lenders, the site believes that loan companies will be encouraged to review their interest rates and products to provide more flexible terms, better deals and more attentively serve the needs of their customers.
The spokesperson explained, "PersonalLoansForBadCredit aims to increase choice and minimize bureaucracy with its online application form for credit check free loans. We invite consumers to apply for free through our site and potentially receive their loan payout within an hour."
Applications through the site will be reviewed by a large selection of lenders, although consumers need only complete one short questionnaire. The platform's aggregation method relies on a carefully calibrated algorithm that pinpoints the ideal loan products and lenders for a consumer according to the information provided in the application form. All data remains secure and confidential and no credit scoring takes place at any stage of the process.