Bad Credit Loans Blog

Great Tips and Advice for Managing Your Money

In Ohio not all Personal Loans for people with bad credit are created equal. 

Get A QuoteOhio consumers should always ask lenders for both monthly payment quotes and quiotes on total fees paid on the loan amount that they intend to borrow.  In our experience, once we approve applicants for a Bad Credit Personal Loan, it is not unusual for applicants to just want to come in and sign a contract before they even know what the monthy payments will be. 

Get A Quote:

America's Loan Company will always give loan applicants a quote on their Personal Loans.  But, it is a little scary when we think of how many Ohio residents apply for Personal Loans with other companies, never get a quote before signing a contract, and end up with debts too expensive to pay.  This has the potential of leading to ugly experiences like circles of debt, lawsuits, wage garnishments, repossessions, Etc..

Due to the different licenses offered under the state of Ohio, non-bank lenders can offer loans with the same name, like Personal Loans, and yet charge vastly different amounts.   Companies that offer Bad Credit Personal Loans in Ohio my operate under a CSO or Credit Services Organization, Small Loan, Second Mortgage Loan, or Ohio Consumer Installment Loan, licenses, to name some.  All of which allow lenders to charge different fee amounts.  So, asking for a quote before giving your John Hackock will give the best protection against getting into a loan you can't repay. 

Shop Around:

Consumers should always remember that they are not obligated to sign a contract.  Don't be afraid to shop around for lenders who charge lesser fees.  This may require patience.  But, a little patience and shopping around will most likely save a bundle in fees, not counting with less stress and headaches associated with not being able to pay a debt.

 

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America's Loan Company - Notice

Customer Notice: Personal loans, title loans, and car loans have terms 6 months or longer. There are no early payoff penalties. We currently report to one of the 3 major credit bureaus, TransUnion. However, many factors affect your credit score. Therefore, we can't promise that your credit score will improve while having a loan with us.

Requirements: We are able to service Ohio residents only. Approval depends upon meeting legal, regulatory and underwriting requirements. America's Loan Company may, at its discretion, verify application information by using national databases, including but not limited to Teletrack and any of the national credit bureaus. America's Loan Company may take this information into consideration in the approval process. Due to state and verification requirements, not all applicants for loans may be eligible for approval by America's Loan Company. You may be required to submit additional documents due to state law and qualification criteria.

Products & Services: Products and services offered to customers may vary based on customer eligibility and applicable state and federal law. Actual loan amounts vary. The availability of loans and extensions may vary. Auto loans and secured personal loans are subject to minimum auto value requirements.

Further Personal Loan Disclosures: For qualified customers, America’s Loan Company offers bad credit personal loans with terms of 6 months to 5 years, with APR under 35.9%. As an example, you may borrow $1,500.00 over a 24 month period, with a $10.00 credit investigation fee, $100.00 loan origination fee, and $452.32 in interest, for a total payment of $2062.32, with an APR of 32.6514%, and monthly payments of $85.93.

More information can be found on the America's Loan Company Privacy Policy.

Bad Credit Loans by America's Loan Company

Copyright ©2018 America's Loan Company 127 E. Main Street, West Jefferson, OH 43162. All Right Reserved. 
Seeking bad credit installment loans? We offer affordable online personal loans. Ohio based direct lender. Start improving your credit today!

Toll-Free: 877-380-2639 - Ohio: SM.501641.000 CI.550000.000 - Company NMLS ID: 315276

 

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