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The site has made available to qualifying individuals a free loan matching database containing top national and local lenders. Each of the lenders is a bad credit specialist, meaning that they have created loan products that specifically meet the needs of consumers will checkered financial pasts or lower credit ratings.
LoansForPoorCredit.net announced the launch in the following statement
which was released to the press.
"We are pleased to let consumers know that we have a new finance find-and-search tool available on our website. The new system is in place to help connect consumers to tried-and-tested, pre-approved lenders with specialisms in bad credit."
The statement continued to address the motivation behind launching the service now.
"The personal loans poor credit online market is growing in popularity in the U.S, with many companies now offering an online presence. This is great for consumers as it gives them the convenience of comparing the market from the privacy and comfort of their own homes. Our new service helps them do just that - input their needs and details to be matched with the most appropriate lenders, without leaving their computer screens."
In order to access the site's unique matchmaking capabilities, consumers need to complete the site's very short and easy to follow online application form. The site estimates that completion of the application form will take no more than 3 minutes for most applicants, allowing for maximum time to review the search results and help select a reputable and reliable lender from the list of potential matches. The site undertakes a high level of research into lenders before inviting them into its network.