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Chase Bank Personal Loans for Bad Credit

  • January 12, 2020
  • 3 min read
  • 193 reads

Frequently, because of the highly reputable and respected name, a lot of consumers are searching for personal loans from Chase Bank.

There’s good news and then there’s bad news. The good news is that there are many highly respected lenders you can choose from to get a personal loan from, but the bad news is Chase Bank is not one of them.

Alternatives to Chase Bank When I Need a Loan Even With Bad Credit

Personal loans come with a wide variety of terms and conditions that change depending on who you do business with but there are several places you can currently go to get a personal loan that might be worth investigating. Each one of these places you can go to get a personal loan has its own pros and cons, and this is not a complete list, but it is a very good headstart overall.

Online Lenders

One of the first places you might be interested to look into is online lenders. The reason for this is because online lenders had made the process of obtaining a personal loan very simple and easy. If time is a big issue for you, and you needed the cash yesterday so to speak, then online lenders may be the perfect fit because of their 24/7 application process combined with some lenders having instant or 24 hour approval.

Online lending industry has really become one of the most popular ways to get a loan online since most trustworthy lenders have become more competitive with rates offered online. Financer.com has even gone a step further and has created a loan comparison tool that will let you find a personal loan instantly online by comparing all of our most trusted lenders; lenders with a long history of customer satisfaction and ethical lending to fellow Americans.

Banks or Credit Unions

Another alternative to Chase, is to go find a local bank or a bank like Citibank or WellsFargo who can offer a loan to get you out of a bind. Credit Unions fall in this category as well.

Banks and Credit Unions are known to be slower to get the cash out the door nowadays due to stringent policies in place that make lending processes more thorough. Banks typically offer rates similarly with online lenders, but Credit Unions that usually highly value personal relationships can end up giving you rates that are tough to beat anywhere else- especially if you’ve been doing business with them for years.

I Need a Personal Loan Right Now

But what happens when you need a loan right now?

There is also good news and bad news for that.

If you need a loan right now and have a great credit score, than by all means, most likely a personal loan from one of our lenders at Financer.com will probably be a perfect fit for you. You can use our websites comparison tool to check instantly to find a loan that makes the most sense to you and your financial situation.

However if you are in a situation where you can’t get approved right away due to bad credit, or you’re in a situation where the amount you need to borrow is very low (under $2,000), then you might want to consider getting a payday loan.

A payday loan can help, depending on the state you live in, because a payday loan generally is much more lenient when it comes to your credit. Every time you take out a typical loan, your bank usually looks at your credit report to determine your loan worthiness and rates that would be applied.

With a payday loan, you can usually get a loan almost instantaneously, and funds in your bank account in as little as 24 hours.

The only catch with payday loans is you are expected in your agreement to pay back the amount owed IN FULL, within 1-2 weeks- hence the name “payday loan”.

Why Choose Financer.com?

Financer.com has put the time in to vet out the lenders that have your best interests in mind. You can also compare rates across all lenders instantaneously using our loan comparison tool, helping you to avoid all the headache of picking through websites to find a lender you’re finally comfortable with, only to compare them with another lender that might offer a rate for less, saving you more money.

Author Michael Villari

Michael from Financer.com has had experience repairing credit for individuals and helping others grow their businesses through high-level consulting. Michael's mission is to be your friend in finance.

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Published: January 12, 2020
(Last Updated: February 2, 2020)

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