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These loans are secured by your car, and you can lose your vehicle if you are unable to pay back what you owe. These lenders have predatory fees, often equivalent to an APR around 400%, so they're not worth using unless you have no other options. We encourage everyone to share their knowledge while respecting our content guidelines. You can also consider getting a secured loan (which requires collateral) in order to get even better terms. There are a few lenders that do check your credit that offer unsecured personal loans to people with credit scores as low as 585. No credit check loans aren’t the only options for people with bad credit. Even though applying for a no credit check loan won’t affect your credit score, it’s still a good idea to get pre-qualified with several lenders first.
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Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products. Since OppLoans does not do a hard inquiry when you apply, these loans are easy to qualify for. These types of loans offer quick funding and have minimal requirements, so they're easy to get even for people with bad credit. Other fast-funding options include paycheck advances, credit cards, or loans from a friend or family member.
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