Who are the best lenders for personal loans?
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  1. #1

    Who are the best lenders for personal loans?

    Bad Credit, Good Credit and No Credit? Looking to see if I'm out of the loop with lenders that might not be in my network. For example are there any solutions for getting a Canadian funded, that would be super helpful!

  2. #2
    Senior Member Reputation points: 90850 Olderguy's Avatar
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    Need 700 Fico for most of these.

    I know of four but in all honesty I can't really recommend them as there is no money in it for brokers.

    They charge from 10% - 15% succcess fee.

    I get 30% on the 10% one.

    On the 15% one, I get anything over 8% which they take.

    There is one that charges 10% and gets 5% but I have to get that one through a superbroker guy and only get 2.5% to split with a broker....not worth it.

    PFS charges 15% and pays 2.5%
    Last edited by Olderguy; 04-12-2024 at 11:44 AM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    Bad credit doesn’t necessarily mean you can’t get a personal loan. However, it may be more difficult to find a lender who will offer you a personal loan with terms you can afford. To get a loan with bad credit, avoid payday and auto title loans — they're very expensive. Instead, check out personal loans for bad credit, which offer up to $100,000 with APRs ranging from 5.99% to 35.99%. Surprisingly, getting approved with bad credit is easier these days than you might think.

    I used a few sites for this a long time ago, and they really helped me out during tough times. Here are some that I recommend:

    https://elitepersonalfinance.com/mar...ns-bad-credit/
    https://nerdwallet.com/best/loans/pe...d-credit-loans
    https://money.usnews.com/loans/perso...row-money-fast

    Tip: Every lender has different steps and requirements before approving a loan, but there are some common steps you can take to increase your chances of approval with bad credit — add a co-signer, consider a co-borrower, and explore secured loans.
    Last edited by alexsmith; 07-09-2024 at 03:25 AM.

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