Personal Loans Facts
For $1,000 to $15,000 Personal Loans - the requirements are simple: You must be a US resident over the age of 18. You should earn a gross income above $1500 a month; and any bankruptcies must be discharged at least 2 years.
You should have a credit score above 620, unless you own a home, in which case your credit score should be above 530. If you do not meet these requirements for a personal loan, you can still receive up to $1,500 with our Cash Advance loan program.
No Hassle Personal Loans - Money Now! USA is different - We are exclusive partners. If you are seeking an unsecured personal loan up to $15,000, to the best of our knowledge, we are the only place anywhere that consumers can automatically search for a personal loan from very low rate excellent credit bank loans, all the way down to very bad credit installment loans.
Many borrowers can be approved for our unsecured personal loans with low FICO scores. We will find you the highest loan amount, and best rate - automatically.
Find a Personal Loan in Your credit Category Below.
What does it mean if you have no credit score? Maybe you have not been using credit cards and loans regularly. Or you may be trying to open your first bank account. With no credit history, you are considered to be a high credit risk by lenders. Still, no credit is better than having very bad credit.
If you have no credit you can still get a personal loan. With no credit history we recommend applying for a cash advance up to $1,500. Borrowers with no credit history will not qualify for an unsecured personal loan over $1,500.00 However, Borrowers without a credit history we offer Cash Advance Loans - Apply Here For a personal cash advance loan $200 to $1,500.
If you have no credit we would also like to suggest our secured credit cards. These credit cards report to all 3 credit agencies and are a great way to build or rebuild your credit fast. You can start with as little as $100.00, and as long as you are a legal U.S. Resident over the age of 18 - you are approved! Click here to apply.
Personal Loans with Bad Credit
If your credit score is between 600 and 650, you are considered to have bad credit. You may have high amounts of credit card debt, late payments, collections accounts or bankruptcy records. Lenders consider you a high credit risk. This makes it difficult to be approved for standard credit products.
We recommend that you get a copy of your credit report and follow the included instructions to help improve your credit score. At Money Now! USA we have seen many many borrowers that only need to complete a few simple credit tasks to dramatically improve their credit scores. You can obtain a copy of your credit report here.
That being said, many borrowers can still be approved for personal loans with bad credit. We recommend that you use our automatic system - Click Here to Apply. Our system will find the card with the lowest rate, automatically.
Personal Loans with Fair Credit
A credit score between 650 and 700 is considered fair. You may have higher credit card debt balances or too many applications for new credit. Older negative public records will also affect your score. Lenders consider you a moderate credit risk. This means you qualify for decent rates, but not the best available.
We recommend that you get a copy of your credit report and follow the included instructions to help improve your credit score. At Money Now! USA we have seen many many borrowers that only need to complete a few simple credit tasks to dramatically improve their credit scores. You can obtain a copy of your credit report here.
With fair credit you can still be approved for a personal loan with a great rate. We recommend that you use our automatic system - Click Here our system will find the loan and lender with the lowest rate, and you can select your own re-payment terms.
Personal Loans with Good Credit
Good credit means a credit score between 700 and 750. You have the standard amount of credit card debt. All accounts are currently paid on time, even if you have had late payments in the past. Lenders consider you to be a low credit risk. This entitles you to competitive interest rates and terms.
We recommend that you protect your good credit and get a copy of your credit report and follow the included instructions to help protect your identity and your credit score. We have a free credit monitoring program, and you can obtain a copy of your credit report here.
Even with the current economic environment, borrowers with good credit can still be approved for unsecured personal loans with rates as low as 5% APR. So don't wait ! Click Here to Apply Right Now!
Personal Loan Facts
Qualifying for a Personal Loan - The basic rule of thumb when applying for personal loans, is that the better your credit and payment history, the higher your approved loan amount. Consumers with excellent credit and income can get $50,000 and more unsecured. The truth is only a small minority of Americans can qualify for these loans, but most borrowers can qualify for loans up to $15,000 unsecured at MoneyNowUSA.
How to get a Personal Loan with Bad Credit - If you have VERY bad credit, the likelihood of getting a personal loan for more than $2,500 unsecured is quite remote. But borrowers with Bad and Fair Credit can get loans for up to $10,000 if they rent and up to $15,000 for homeowners.
The Current Credit Crisis - The recent freezing of the U.S. commercial paper markets and the current global economic slowdown have greatly affected the amount of capital that personal loan lenders have available to lend. As a result of having less capital to lend borrowers, the current trend is to place greater restrictions on qualifying for loans, and to approve consumers for smaller loan amounts.
At Money Now! USA our customer support staff likes to inform callers and e-mailers that if they do indeed need an unsecured personal loan, now is the best time to apply for a loan. In these current economic times we certainly cannot guarantee how long many of these loan programs may continue. The bottom line is, if you need a personal loan - apply now, and not later. We have already seen many personal loan programs discontinued just in the last 6 months alone. Apply Now!
Consider Your Financial Choices -There are many things to consider when taking out a personal loan. The first thing to contemplate is how your new personal loan will assist with your short and long term financial goals. It is important to consider wisely how to put your money to use. The most common reason that borrowers take out our personal loans is to pay off other debts, especially credit cards.
Credit Card Debt - Consolidating credit card debt into a personal loan can be a great idea to lower your monthly rates and take control of your debt. Remember, if you pay off your credit card balances, it is important to cut your credit cards up, but do not close your accounts. If you close your accounts, it will hurt your credit score- just completely destroy your cards and keep the balance zero, but keep the accounts open.
Medical Expenses - Another common reason borrowers take out personal loans are for medical expenses. It is important to consider how paying off your medical bills with a personal loan will truly help your situation. The truth is medical collections, while impacting your credit score, do not negatively impact your credit profile to the same extent as other charged off accounts like credit cards. Many times paying off existing medical debt may in fact not be the best choice for the use of your capital, after all you have to look at what the loan will do for you.
Auto Purchase with a Personal Loan - Many borrowers may consider personal loans to buy vehicles, but there are a couple of things to consider when using a signature loan to get a car. First, the rates for personal loans are normally higher than traditional car loans. When you take out an unsecured personal loan, your lender has no security to fall back on in case you default, like a car or house. This makes the interest rates a little bit lower for auto loans. Secondly, auto loans are easier to qualify for than personal loans. If you have credit challenges or bad credit we recommend applying directly for our Auto Loans. Apply Now!
