Facing emergency situations that require funding is a part of everyday life. Without prior signs, your vehicle can develop faults; there may be some home repairs that you need to effect instantly. Unfortunately, we can’t always guarantee a ready supply of cash to face these unforeseen events.
This is where WeLoans comes in. With its payday loans for bad credit and other loan packages, WeLoans brings you lenders with friendly terms and favorable deals.
How Does WeLoans Work?
WeLoans is an online credit broker, connecting you to the best loan deals out there. Note that WeLoans itself is not a lender or credit-issuing company. However, it is in the business of helping you shop for credit packages from different lenders that are tailored to your needs and serve your purposes perfectly. It connects you with lenders offering the right deals for your specific credit needs.
WeLoans is most popular for helping people get the best payday loan with no credit check on the market. Nonetheless, you can get access to a lot more loan types as you desire.
Some things to note about WeLoans include the fact that you are only introduced to tested and trusted lenders. You can rest assured that you are in the right hands. Then, with WeLoans, having bad credit or your credit history doesn’t stand in the way of getting readily available credit with quality terms.
What are the Requirements for Accessing a Loan Through WeLoans?
The basic requirements you need before applying for funding through WeLoans include:
- You should be at least 18 years old.
- You should have a checking account to which the funding will be credited.
- You will be required to provide proof of income, including your employment details.
- You have to present some form of identification. These can include your Driver’s License, State ID card, Passport, etc.
The specific requirements to qualify for a loan will depend on each lender. State regulations also determine eligibility as there are cases where laws put a cap that a person can borrow at certain credit score levels. For instance, California’s laws don’t let you borrow more than $300 for payday loans and the rate must not exceed 15%.
Benefits of Using WeLoans
WeLoans introduces you to several perks that you will hardly get elsewhere, you can learn more about it on its site. Some features are listed below:
- Bad Credit is not a Problem
If you have any experience with the core traditional financial system, you would have discovered how badly they treat people that they think have a bad credit history or low credit ratings. Usually, these people are subject to poor terms with such things as high interest rates and unfavorable repayment conditions.
However, WeLoans has a different view about how financial services should work and makes credit services accessible to as many people that desire them. WeLoans connects you with traditional and non-traditional lenders that aim to provide quality loan services with friendly conditions.
- Work With a Variety of Lenders
Before now, you most likely had a limited choice when it comes to loan services. In many cases, you only know your credit card provider or mortgage lender, and thus, you remain stuck with whatever services and terms they presented.
WeLoans puts you in charge by enabling you to pick the lender you desire. All you need to do is provide the requested parameters of the loan and WeLoans will produce the best providers based on your information. This access to variety enables you to pick the best at a particular time.
The other benefit is that you can use different lenders for different purposes. For instance, you can take on a title loan from Lender A and secure a cash advance from Lender B if each of them individually provides the best terms suited to your needs.
- Work With Tested and Trusted Lenders
Several non-traditional lenders that provide people with quick and easy-to-access loans have a reputation for engaging in shady practices that are against borrowers’ interests.
However, with WeLoans, you don’t have to worry about this. WeLoans has carefully vetted the lenders it recommends before enlisting them on its platform. These credit companies are known in the industry for adhering to the highest professional standards. With this, there are no chances of you being cheated.
- Credit Access When You Need It
Accessing loans through the traditional financial services ecosystem (through banks and others) can be frustrating as the application process is generally long and the approval time frame takes even longer. You can agree that this model doesn’t work for anyone who needs instant funding for emergency purposes.
WeLoans has solved this generational problem by making the loan application process as basic as possible such that you can complete it within a few minutes. Then, approval is equally fast. For some loan types, you can apply, get approved and receive funding to your bank account within a single business day.
Banks and other traditional loan providers treat people with poor credit badly, with high chances of their loan applications being rejected. The impact of these many rejections on their already poor credit ratings is often significant. With WeLoan packages such as payday loans for bad credit, poor credit ratings stop being an obstacle to accessing funding for critical needs.
Final Thoughts on WeLoans
WeLoans is that partner you can count on for your online cash need as you can get a same-day emergency loan for bad credit. In the past, you most likely have been subjected to traditional lending services where you are offered low amounts with outrageous requirements. With WeLoans, you are the one to decide which lender you want to work with based on the terms they offer.