Daytona Florida Banks with Bad Credit Personal Loans

Individuals in the city of Daytona, Florida have many opportunities when it comes to borrowing cash.  When looking for bad credit unsecured personal loans it is very important for these individuals to recognize that high interest rates will likely be applied to this money borrowed.  Also remember that bad credit payday loans are available in the state of Florida but they will come with astronomical interest rates.  When looking for Daytona, Florida banks with bad credit personal loans remember that there are few options available.

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Bad Credit Unsecured Personal Loans vs Payday Loans

There are quite a few states that have created laws that prohibit bad credit cash advance payday loans.  Florida is not one of those states as bad credit payday loan companies can continue to offer financial services to struggling individuals.  This can be both good and bad.  It can be good for individuals who simply need $500 to $1500 to get by for the next few weeks.  If these borrowers know with 100% certainty that they will have this money in their bank account with the next paycheck the money can be very useful when it comes to avoiding having their electricity turned off or losing their vehicle.

These types of loans can be very bad because high interest rates and high fees are often applied to the money borrowed.  In fact, in the state of Florida an individual could pay interest rates in excess of 390% on a payday loan.  Note that most cash advance payday loan lenders do not illustrate the interest rate that is paid.  They simply call it the fees enter a stock.  In the state of Florida were laws that prohibit bad credit cash advance payday loan lenders from applying more than $15 to every $100 borrowed. What this means is that borrowers will have to pay $15 for every $100 borrowed each time they take out of bad credit payday loan.  If a borrower takes out $500 they will have to pay back $575 with their next paycheck.

Unfortunately, this borrower will have to pay even more fees if they can not fulfill the commitment to pay the $575 that is assigned to them.  Each time the borrower receives a paycheck and does not pay the loan off in full fees will reset.  This money can accumulate quickly. There is a very large difference in bad credit cash advance payday loans and bad credit unsecured personal loans.  When taking out a personal loan individuals will sign a contract stating that they will pay the amount of money back over the course of time through monthly payments.  This is much different than a payday loan in that borrowers will have an extended period of time  to pay back this money.Please do not feel as if this money will come at no cost.

Finding Daytona, Florida banks will loan offers does not mean money is cheap or free. Most bad credit unsecured personal loans will have an interest rate between 15% and 35%.  Although this is significantly less than a bad credit payday loan it is still much higher than a personal loans taken out from somebody with a very good credit score.  If an individual has a credit score that is above 750 there is no reason to take out a bad credit unsecured personal loan.  Some individuals may put up collateral and get a much lower interest rate on a larger secured line of credit.

Daytona Florida Banks with Bad Credit Personal Loans

Before moving forward we must understand bad credit can be defined in many different ways.  Some people feel as if bad credit is anyone with a credit score below 500 that cannot take out  a loan.  This is a very strict definition of bad credit and can often be defined as a very bad credit borrower or an extremely bad credit borrower.  Others feel as if bad credit would be considered anyone below the 650 credit score.  This individual has made very poor financial decisions in the recent past but they still have opportunities to borrow money.

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Note that most banks will not allow individuals with a credit score under $500 to borrow a significant amount of cash.  Most of these individuals use the last resort of a cash advance payday loan to borrow money.  Note the cash advance payday loan lenders often do not allow borrowers to take out more than $1500.  With this loan being due with one’s next paycheck it makes sense that most lenders would not be willing to allow borrowers access to more than $1500 cash.  There are very few bad credit borrowers who make more than $1500 in a pay period.

All of that said, there are many banks and financial institutions in Daytona, Florida that offer financial assistance. The first step is to determine your credit history.  If you have been on time with all of your bills throughout the last several months and years there is a good chance that your credit score may be better than you would have imagined.  Banks like Regions Bank, Wells Fargo, SunTrust, Surety Bank, Gateway Bank of Florida and BB&T all have branches in the Daytona Florida area. Also remember that there are financial institutions spread throughout the state that offer bad credit help individuals who have struggled through the current economic environment.

It may be worth it to drive a half hour or an hour to a bank that is willing to help minorities, single mothers, or those who have recently been laid off or are currently unemployed.  Finding these banks are not as difficult as they once were.  This is true because the economy is not as strong as it was prior to the subprime mortgage or credit crisis. If you’re struggling to find a bank that offers personal loan opportunities I would strongly suggest using the FDIC search tool.  This tool lists all of the financial institutions that are currently insured by the FDIC.  You can search this website for financial institutions based upon their current amount of deposits or the state in which they are located.

Make a mental note that some banks may be located in a particular state but have a presence elsewhere. One example of this is Bank of America.  Bank of America is located in Charlotte, North Carolina but has a presence in many states throughout the Southeast.  In fact, most Florida residents have seen Bank of America locations in all of the major cities such as Miami, Orlando, Tampa, Fort Myers, and Jacksonville.

If you are willing to do a little bit of extra homework you will likely find that some of these locations offer much better customer service than others. It is very similar to shopping at a WalMart location.  We all know that some WalMart locations offer much better customer service than others.  Take the time to find a financial institution that is willing to work very hard for your business.  If you are going to be taking out a bad credit unsecured personal loan in the city of Daytona, Florida there should be banks and financial institutions that are more than willing to work for your business as this will be money in their pocket down the road.

Payday Loan Lenders in Daytona, Florida

If you are simply seeking $500 cash and you feel as if you cannot get a bad credit unsecured personal loan there are payday loan opportunities in the Daytona, Florida area.  I would strongly suggest considering every other option before taking out a cash advance payday loan.  As stated earlier, individuals are going to pay very high fees for borrowing this money.  Unfortunately, some individuals may not have any other options as they have lost access to their bank account, have not paid bills in the last few months, or simply have a very low income.

Below you will find some of the addresses and phone numbers to cash advance payday loan opportunities in the Daytona, Florida area.  If you would like any more information on cash advance payday loans and the problems they could cause please feel free to contact me through the comments below.

Fast Payday Loans 

701 W International Speedway Blvd,

Daytona Beach, FL (386) 238-7300 ‎

Advance America 

1551 N Nova Rd,

Holly Hill, FL (386) 257-0934

Cash Advance 

875 Mason Ave,

Daytona Beach, FL (386) 248-1119

Advance America 

1352 W International Speedway Blvd,

Daytona Beach, FL (386) 255-4660

Always make certain that bills are paid on time and in full as this will help you avoid teetering on the bad credit brink.  If you are willing to create a strong weekly or monthly budget and stick to that budget there is a very good chance that you could end up making your financial life much easier.  This means loans will be available without having to pay very high interest rates. There are plenty of useful financial calculators that are free online.

Take advantage of these calculators before jumping into any type of bad credit loan offer.  If you sit down and crunch the numbers you will find that there are options that are better than others.  It never hurts to step back and sleep on one of these major financial decisions before taking out an unsecured personal loan or a cash advance payday loan in Daytona, Florida.…

Bank of America Secured Credit Card Interest Rates

Bank of America is one of the largest financial institutions in the United States and in the world.  Many hard working individuals will seek Bank of America secured credit card options in the near future as they hope to gain access to a little exact cash.  Looking at secured credit card interest rates is always a good idea before taking any credit card offer.  Note that Bank of America is currently calling their credit card the BankAmericard.  Most people will simply refer to it as the Bank of America secured credit card.  Below are some valuable resources that will help determine an interest rate that will be applied to this type of charge card.

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Secured Credit Card Options 

There are over 8000 financial institutions in the United States so it should never be the case that potential customers have to work with a bank in which they do not feel comfortable.  The FDIC website allows all Americans to search banks and lenders in their state.  Note that just because a bank does not have headquarters in a specific state it does not mean they do not have a presence in that area.  Bank of America is a perfect example of this.  Bank of America is headquartered in Charlotte, North Carolina but they have branches in almost every single state.

Also remember that applying for a credit card does not mean that you have to go into the bank’s location.  Most banks will be more than happy to let you complete an online application.  In fact, I may end up doing some separate blog posts to illustrate how easy it is to complete an online secured credit card application.  This can be both good and bad.  It can be good because borrowers will not have to travel to a bank and spend time and gas money.  It can be bad because it might make it too easy for some borrowers to simply hit the apply button on the online application.

Bank of America Secured Credit Card Interest Rates

The Bank of America website is one of the best I have seen when it comes to information on a secured credit card.  It basically tells you the interest rate and the credit limit.  Here is some of the information from their site:

“Build your credit

No application fees or activation fees

Credit line $300-$4,900. Your maximum credit line is determined by your individual ability to pay based on the income that you provide and your security deposit.

When handled responsibly, a foundation to build your credit history-important account information is shared with all three major credit bureaus

After 12 months, your account may be reviewed and you may then qualify to have your security deposit returned if your credit and payment history warrant it at that time

Learn more about credit

Access to credit education on topics like using credit cards responsibly, budgeting and more”

The Bank of America website is also reporting that interest rates are currently at 20.24% but this is variable.  Remember that interest rates on any money borrowed will change as the treasury yields change.  It is common knowledge that the 10 year treasury rate yield and the 30 year fixed mortgage have a very strong correlation.  That said, it is also true that some of the shorter term treasury rate yields determine the interest rate on credit cards, personal loans and car loans.  Just for the purpose of this document I am going to offer daily 5 year treasury rate yields.  When these yields start to move higher you can be rest assured that secured credit card interest rates will move up as well.

March 15

March 14

March 13

March 12

March 11

March 8

March 7

March 6

March 5

March 4

March 1

February 28

February 27

February 26

February 25

February 23

February 22

February 21

February 20

February 19

February 15

February 14

February 13

February 12

February 11

February 8

February 7

February 6

February 5

February 4

February 1

January 31

January 30

January 29

January 28

January 25

January 24

January 23

January 22

January 21

January 18

January 17

March 15th, 2020

5 Year Treasury Rate Yield – coming soon

March 14th, 2020

5 Year Treasury Rate Yield – coming soon

March 13th, 2020

5 Year Treasury Rate Yield – coming soon

March 12th, 2020

5 Year Treasury Rate Yield – 0.88%

March 11th, 2020

5 Year Treasury Rate Yield – 0.90%

March 8th, 2020

5 Year Treasury Rate Yield – 0.90%

March 7th, 2020

5 Year Treasury Rate Yield – 0.85%

March 6th, 2020

5 Year Treasury Rate Yield – 0.81%

March 5th, 2020

5 Year Treasury Rate Yield – 0.77%

March 4th, 2020

5 Year Treasury Rate Yield – 0.76%

March 1st, 2020

5 Year Treasury Rate Yield – 0.75%

February 28th, 2020

5 Year Treasury Rate Yield – 0.77%

February 27th, 2020

5 Year Treasury Rate Yield – 0.78%

February 26th, 2020

5 Year Treasury Rate Yield – 0.78%

February 25th, 2020

5 Year Treasury Rate Yield – 0.78%

February 23rd, 2020

5 Year Treasury Rate Yield – 0.84%

February 22nd, 2020

5 Year Treasury Rate Yield – 0.86%

February 21st, 2020

5 Year Treasury Rate Yield – 0.88%

February 20th, 2020

5 Year Treasury Rate Yield – 0.89%

February 19th, 2020

Presidents Day Holiday – Markets Closed

February 15th, 2020

5 Year Treasury Rate Yield – 0.87%

February 14th, 2020

5 Year Treasury Rate Yield – 0.86%

February 13th, 2020

5 Year Treasury Rate Yield – 0.92%

February 12th, 2020

5 Year Treasury Rate Yield – 0.88%

February 11th, 2020

5 Year Treasury Rate Yield – 0.85%

February 8th, 2020

5 Year Treasury Rate Yield – 0.84%

February 7th, 2020

5 Year Treasury Rate Yield – 0.83%

February 6th, 2020

5 Year Treasury Rate Yield – 0.84%

February 5th, 2020

5 Year Treasury Rate Yield – 0.88%

February 4th, 2020

5 Year Treasury Rate Yield – 0.85%

February 1st, 2020

5 Year Treasury Rate Yield – 0.88%

January 31st, 2020

5 Year Treasury Rate Yield – 0.88%

January 30th, 2020

5 Year Treasury Rate Yield – 0.88%

January 29th, 2020

5 Year Treasury Rate Yield – 0.90%

January 28th, 2020

5 Year Treasury Rate Yield – 0.89%

January 25th, 2020

5 Year Treasury Rate Yield – 0.87%

January 24th, 2020

5 Year Treasury Rate Yield – 0.78%

January 23rd, 2020

5 Year Treasury Rate Yield – 0.76%

January 22nd, 2020

5 Year Treasury Rate Yield – 0.76%

January 21st, 2020

MLK Holiday – Markets Closed

January 18th, 2020

5 Year Treasury Rate Yield – 0.77%

January 17th, 2020

5 Year Treasury Rate Yield – 0.79%

Remember that these are not the interest rates that will be applied to a credit card. I am simply showing these rates so you can see what interest treasury rate yields are getting. This will help you to see the overall direction of interest rates on secured credit cards and almost any other type of credit card in 2020 and beyond.

Credit Card Interest Rates and How They are Applied

When looking to borrow money it is very important to remember that interest rates will be applied based on a credit score and credit history.  Unfortunately, many people looking for a Bank of America secured credit card will probably admit they have not made the best decisions in the last several years when it comes to finances.  Before applying for any type of credit card, car loan, personal loan or mortgage home loan it is always best to improve a credit score to the best of one’s ability.

To improve a credit score it is smart to make certain all high interest rate debts are paid down.  By creating a strong weekly or monthly budget it should not be too difficult to pay off high interest rate personal loans or credit cards.  There are many great financial calculators available online that should help most determine how much they should pay down to drastically improve a credit score.  By achieving a credit score that is above 740 borrowers will find they are able to take advantage of some of the lowest possible interest rates on credit cards.

In fact, some borrowers may find that they qualify for a 0% balance transfer credit card from banks like Wells Fargo, Citi, Chase or BB&T.  Doing a little bit of research online never hurt.  Check out credit card offers at many local and regional financial institutions before assuming that Bank of America is the best place to take out a secured credit card or a BankAmericard.  Paying interest rates in excess of 20% on any type of credit card can make one’s financial life much more difficult.  That said, there are ways to avoid these high interest rates by simply remaining patient and waiting for the right offer to come around.  If you start making good financial decisions banks and lending institutions will reach out to you with some very low interest rate offers.

Secured Credit Card Annual Fees

The Bank of America secured credit card has a $39 annual fee and this is something most people will want to monitor.  Prior to the credit crisis most banks were offering credit cards with no annual fees.  Now that lending has tightened up there are more banks and lenders that are assigning an annual fee.  In fact, many people who already have credit cards may be paying an annual fee and they do not even know it.  It never hurts to look over a credit card statement to make certain there are no annual fees that are being applied.  Unfortunately, some people may not know the exact month in which this annual fee is applied so they may want to check statements quite often.

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Paperless billing has helped to save many trees and lots of money on printing costs but it may end up hurting you in the long run.  Unfortunately, more and more people are simply clicking on paperless billing and they are never looking at their statements again.  They might be getting hit with monthly charges they do not even know about.  For anyone who has had financial problems in the recent past it might be better to continue to get paper copies of your bills.  This will help you recognize if there are any annual fees that are being applied to your credit cards.

We have all gotten notices in the mail from credit card companies and simply ripped them up.  These could have been notices that were telling us that the bank or lender was going to start charging annual fees for that particular credit card.  It might also be a notice that a credit limit is getting decreased or the interest rate is increasing.  Now matter what the letter says it is probably of some importance.  Some of us do not want to deal with all these issues when it comes to money but it is better to look at them now rather than letting them accumulate.  Addressing these issues early on will mean that a financial life will be much easier in the future.

Online Applications for Credit Cards

When looking for the Bank of America secured credit card application make sure to access this link.  This will help you put in all the information that is needed to attempt to qualify for the BankAmericard.  Remember that not everyone will qualify but if you have the money to put down as a deposit it is much easier to qualify in January of 2020 and beyond.  By putting this money down it makes it much easier for Bank of America or any bank to allow you to build credit.  Not that the limit is about $5000 so do not expect to go buy a brand new vehicle with this credit card.  In fact, it might be best to keep the amount spend on this particular credit card low just because you do not want to …

Bank of America Bad Credit Personal Loan Alternatives

Bank of America is one of the largest financial institutions in the country and continues to grow even after the credit crisis. One of the controversial moves Bank of America made after the credit crisis was to no longer offer bad credit unsecured personal installment loans. Much of this was due to the fact that they purchased lenders that had many bad credit loans on their books. With this in mind it should come as no surprise that borrowers are looking for Bank of America bad credit personal loan alternatives.

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Bank of America and Bad Credit Loans

Throughout much of the credit crisis analysts thought that Bank of America was not going to survive because of the bad credit home loans and personal loans on their books. Fortunately, Bank of America was able to survive one of the worst financial crises in the history of the world and today they are doing very well. Some have predicted that Bank of America will start offering bad credit unsecured personal loans in the near future but it has yet to happen.

During the credit crisis Bank of America purchased Countrywide Financial which was a huge mortgage broker on the West Coast. It was very obvious that this decision was a long-term decision. Countrywide financial was in a terrible situation as they had a significant amount of money in bad credit home loans. The housing market was doing very poorly on the West Coast and the only way that Countrywide was going to survive is if they were purchased by another major financial institution that had money.

Some are still arguing that this was a very bad decision by Bank of America but they got through it. Unfortunately, some people are still upset by the fact that Bank of America no longer offers bad credit unsecured personal loans. To take out a bad credit unsecured personal loan individuals will have to look to other financial institutions. Interestingly, Wells Fargo continues to offer unsecured personal loans to customers and new borrowers.

Bank of America Bad Credit Personal Loan Alternatives

Even though Bank of America does not offer bad credit unsecured personal loans it does not mean that they are not options available. In fact, most financial institutions will offer some type of unsecured personal loan. This does not mean that individuals with very low credit score will be able to borrow money from these institutions. If you have a credit score that is well below 500 and you do not have any access to cash it will likely be difficult to take out a personal loan from any financial institution.

With this in mind it never hurts to improve a credit score to a level above 700. One of the easiest ways to do this is to make certain all bills are paid on time and in full. Even if you have a significant amount of debt you can still improve a credit score by paying down this debt and making sure all your bills are fulfilled. Unfortunately, many people with bad credit also have a very low income. By having this low income that makes it nearly impossible to pay for all of the bills.

Below are some of the financial institutions that offer unsecured personal loans at the present time:

  • Wells Fargo
  • TD Bank
  • Capital One
  • Discover Bank
  • First Merchants Bank
  • CitiBank
  • US Bank
  • SunTrust
  • Regions Bank
  • Comerica
  • Zions Bank

If you are having trouble finding a bank in your area please feel free to contact me through the comments below. You may also contact me through my Google plus profile as I tend to check that at least a couple times a day. I will do my best to find a financial institution in your area that offers some type of loan help. Make a mental note that there are many financial institutions that offer unsecured personal loans but they do not have financial products for individuals who have seen their credit score plummet over the last several months and years.

Improving a Bad Credit Score to Borrow Money

One of the best things you can do to make your financial life much easier it improve a credit score. Unfortunately, most people with very bad credit cannot even think about their credit score as they are living paycheck to paycheck. Not only are they living paycheck to paycheck they may be living two or three paychecks out as they have taken out cash advance payday loans in hopes of keeping the electricity on where the car paid for.

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The best thing you can do is come up with a strict weekly or monthly budget that will help you spend less than you make. If you are making a very small amount of money you may want to consider taking out a second job or third job just to get the bills paid. Unfortunately, many people do not want to do this as they continue to drown in debt. When coming up with this weekly or monthly budget it is also very important to stick to the budget. It is one thing to create a budget and a completely different thing to stick to it and improve a credit score over time.

By paying each and every bill on time and in full one’s credit score will naturally increase. This tells financial institutions that you are more than willing to make the necessary sacrifices to fulfill the commitment of these bills. This does not mean that you will have a credit score over 800 that will allow you to take out $500,000 mortgage. What it does mean is that you will be a borrower of money who is trusted by some of the bigger names in the banking industry.

Once again, if you are struggling to find banks or lenders that can help you in a bad credit situation please feel free to contact me. Also, please use the many free resources available online that have been created by authoritative figures. When searching for bad credit loans on the Internet make certain that you read the fine print and understand who is writing this content. Sometimes, the individual writing the content also owns a bad credit loan company that is trying to make money. You can figure this out quickly by seeing which search results have a picture beside the author.

If the author does not have a picture that means that Google authorship has not been installed on the website or for that particular article. This does not mean that they are not an expert or an authority in their field but it does mean that individuals should do some research on this author. The easiest way to find reputable material is to use the FTC or FDIC website. In fact, any government website is very useful for those who are looking to do research on bad credit situations.

Bad Credit Lenders in Florida

Many residents in the state of Florida recognize cash advance payday loans are available. There are some states that have created laws that prohibit bad credit cash advance loans. Florida is not one of these states and bad credit individuals have the opportunity to take out $1500 short-term loans. This can be good and it can be very bad. It can be good for anyone who simply needs a few extra hundred dollars to avoid having their electricity turned off or having their car repossessed. These individuals can get the money ahead of time to pay it back with fees when they receive their next paycheck.

It is very important to note that borrowers must know with 100% certainty that they will have this money in their bank account with their next paycheck. If they cannot honestly say this there is no reason to take out a bad credit cash advance loan. The high fees and cash advance loans will only cause problems for those who borrow money in the near future. It can be very bad for this exact reason. Individuals will see fees as high as $10 to $15 for every $100 they borrowed. It is important to note that the Florida state government has capped the fees are $15 or every $100 borrowed but this is still a lot of money for those who are struggling with their finances. If you are seeking Bank of America bad credit personal loan alternatives do plenty of extra research on cash advance loans before taking one out.

If you miss a payment on a bad credit payday loan the fees will reset and you will have to pay even more with your next paycheck. This is what makes bad credit payday loans so predatory in nature. Rather than taking out a bad credit cash advance payday loan it may be wise to seek unsecured personal loans throughout the state. Below are some of the larger financial institutions that have headquarters in the state of Florida:

  • Everbank
  • BankUnited
  • Raymond James
  • Capital Bank
  • Ocean Bank
  • Capital City Bank
  • USAmeriBank
  • TotalBank
  • CenterState Bank of Florida
  • Seacoast National Bank
  • 1st United Bank
  • Citizens First Bank

Note that these are not the only names that offer loans in the state of Florida that they are some of the bigger names. Feel free to do research on other financial institutions that may have a presence in the state of Florida but have headquarters elsewhere. This will make it much easier to make a major financial decision in the very near future.…

Raleigh NC Banks with Bad Credit Personal Loans

Over the last several years many hard-working Americans have struggled to pay bills. This is very unfortunate as it often means that these borrowers of money have seen their credit score drop. Some may actively seek out Raleigh NC banks that offer bad credit personal loans. Taking the time to research many options is always a wise choice for someone who is looking to borrow money with a credit score that is well below 650.

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Banks Offer Bad Credit Unsecured Loans Today

Although many people may think that financial institutions and banks do not offer bad credit unsecured personal loans there are opportunities. In fact, you may find some of the bigger names offering unsecured personal loans. Some of these names include Wells Fargo, Capital One Bank and Discover Bank. Always recognize that bad credit unsecured personal loans come with a very high interest rate. Some borrowers of money may see interest rates in excess of 30%.

If you are paying on an interest rate over 30% it could take a very long time to pay down the interest and principal. This is why it is never suggested that individuals with a good credit score even consider unsecured personal loans. Most unsecured personal loans have a high interest rate because the borrowers have proven they are not good with their money. If you pay all your bills on time and in full and your credit score is above 700 you should likely seek alternatives to bad credit unsecured personal.

That said, there are a number of hard-working Americans that simply do not have the credit score to borrow money without it being unsecured or high interest. Unfortunately, some Americans had even considered taking out a cash advance payday loan or a high interest rate installment loan. Before making any final decisions when it comes to borrowing money I would strongly suggest looking at all opportunities available even if that means scaling back and getting rid of the vehicle or renting a cheap apartment.

Raleigh NC Banks with Bad Credit Personal Loans

It is important to remember that cash advance payday loans are not available in the state of North Carolina. In North Carolina many hard-working individuals have made certain the cash advance payday loans are legal within the state’s borders. Even though this is the case, there are still opportunities to take out money through bad credit loans. Note that the interest rate that is applied to a bad credit unsecured personal loan is nowhere near as high as the interest and fees that are applied to cash advance payday.

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Below are some of the financial institutions that have a presence in the Raleigh, North Carolina area:

  • Springleaf Financial
  • SunTrust
  • Bank of America
  • BB&T
  • Harrington Bank
  • River Community Bank
  • KS Bank
  • Four Oaks Bank
  • Latino Community Credit Union
  • Generations Community Credit Union
  • Capital Bank
  • Community One Bank

Note that these are just some of the bigger names that came up in search when looking for types of loans. Recognize that there are many local community banks and credit unions that will likely be very helpful for those looking to get a low interest rate on money borrowed. If you are looking for the absolute lowest interest rate on personal loans or credit cards I would strongly suggest doing research on local credit unions or community banks. Some only offer products to residents of Wake County and the surrounding counties.

Local Community Bank Personal Loans

One of the great things about a bad credit unsecured personal loan through a local community bank is that the borrowers will be able to build a relationship with said bank. When it comes to borrowing money with Bank of America, Chase, Citibank or Wells Fargo you will likely be known as a number rather than a person. In fact, when having any type of issue you will have to call an 800 number and go through operators rather than being able to go to the local bank in talk with the branch manager. Some Raleigh NC banks that offer bad credit personal loans might be these local community banks.

North Carolina has many local community banks in the state as NC is one of the banking capitals of the country. In fact, besides New York some of the largest financial institutions are headquartered in the state of North Carolina. Charlotte North Carolina is the home of Bank of America and several other popular names. BB&T bank is headquartered in Winston-Salem and there are several financial institutions headquartered in Raleigh.

With all of these banks having headquarters within the borders of North Carolina it should not be overly difficult to find banks that offer bad credit personal loans. If you are having trouble finding unsecured personal loans in your area of North Carolina please feel free to comment below and I will do the research to help you with your endeavor. Please recognize that not all banks are going to offer unsecured personal loans to low credit score borrowers.

Bank of America stopped offering bad credit unsecured personal loans because they had too many bad credit loans on their books. Do not be surprised to see other banks do this if they had any type of financial problems. Looking at the stock chart of a particular bank will likely tell you if a financial institution is struggling at the present time. Most banks are doing very well in 2013 as the overall economy has improved.

Small Towns Near Raleigh, NC

Just because a financial institution or bank is not in the city limits of Raleigh, North Carolina it does not mean that the bank is not worthy of your time. In fact, I would highly suggest looking at some of the smaller banks on the outskirts of town or in some of the small cities. If you are willing to expand your search you may find a financial institution is willing to offer unsecured personal loans and attractive interest rates. Do not expect to get an interest rate below 10% on any type of bad credit loan in 2013 or beyond.

Below is a list of some of the local towns and cities that surround Raleigh North Carolina:

  • Garner, NC
  • Cary, NC
  • Apex, NC
  • Clayton, NC
  • Holly Springs, NC
  • Fuquay-Varina, NC
  • Wake Forest, NC
  • Durham, NC
  • Smithfield, NC
  • Chapel Hill, NC
  • Carrboro, NC
  • Dunn, NC
  • Sanford, NC
  • Wilson, NC
  • Henderson, NC

If you are willing to drive up to one hour outside of Raleigh you will likely find some unique banking opportunities. The small-town banks may have some exotic loan products that could end up helping you save a significant amount of cash in the near future. Unfortunately, some individuals limit their search to only banks in the city and they miss out on opportunities to borrow up to $1500 and sometimes even $5000.

Anything over $5000 will likely not be available to those with a credit score under 650. If you hope to borrow up to $50,000 to apply to a home loan or credit card debt you will likely need a credit score above 720 or above 740. To achieve a credit score this high it will likely take paying down high interest-rate debts over the course of time. If you currently pay on several bad credit credit cards and unsecured personal loans you may find that it takes years to improve a credit score to this level.

Improving a Bad Credit Score to Borrow Money

One of the biggest problems with today’s society is individuals feel as if they should make purchases on money they have not earned. The credit card industry has exploded over the last several years with individuals using credit cards just to stay above water. This can cause major financial concerns in the future as these unsecured debts can build up very quickly. It is also true that many individuals will see the interest rate on a credit card increase as their debt load also increases.

This is very unfortunate as it may cause some hard-working Americans to remain in debt all the way into their senior years. Some Americans reach 70 years old and possibly even 75 years old before they dig themselves out of debt because of high interest rates. When making minimum payments on credit cards or unsecured personal loans most people will not be able to dig themselves out of debt for several decades. In fact, the Obama administration forced credit card companies to tell people just how long it would take to pay off debts if they made just the minimum payments.

Coming up with a very strong weekly and monthly budget is always suggested for anyone who has been struggling with cash. Writing down each and every purchase is also very helpful. Unfortunately, some people do not write down their purchases nor do they look at their credit card statements each and every month. This can cause huge problems down the road as they may be paying monthly bills that they did not even know existed. This has been very common with people who have magazine or newspaper subscriptions.

Some people have been paying my magazine subscription for several years even though they are not receiving this magazine. This is all too common when families decide to move. If you do not look  at your credit card statements you have no idea that you’re paying for a specific magazine subscription that is going to address that you have not lived at in multiple years.…

Banner Bank Secured Credit Card

Many people living in Idaho, Washington and Oregon have actively looked for a Banner Bank secured credit card as a way to borrow a little bit of extra cash.  Before looking at any secured credit card options it is always a good idea to step back and analyze a financial situation.  Rather than borrowing money on credit it is sometimes better to stick to a budget.  If that is not possible there are many credit card options including a Banner Bank secured credit card.  Below is plenty of valuable information about the bank and their credit card offers.

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Banks Offer Credit Cards to Customers

Throughout the last few decades Americans have become accustomed to spending money on credit cards.  Unfortunately, some people have abused the system and they can no longer qualify for a low interest rate, high rewards credit card.  The only borrowers that will be able to qualify for high rewards credit cards are those who have made very good financial decisions.  This means they have kept their balances low on all their personal loans and credit cards, they have paid off a lot of their mortgage and they have eliminated any types of student loans.

Most very good credit borrowers have also found a way to avoid installment loans and payday loans.  These types of high interest loans can definitely harm a credit score if borrowers do not pay them off quickly.  In fact, any high interest rate cash advance loan should be avoided at all costs.  All that being said, a secured credit card might be a way to rebuild credit over the course of time.  Some will successfully use a Banner Bank secured credit card to get back on their feet when it comes to financial issues.

Note that a secured credit card will mean borrowers need to put up some type of collateral.  This is very easy if said borrower already has several accounts with that particular bank.  Having a checking account, home loan account and savings account with Banner Bank may make it much easier to qualify for a credit card.  In fact, having multiple accounts will likely mean borrowers do not even need to apply for a secured credit card.  Some will be in such good financial standing that they can simply apply for the Banner Bank Platinum Rewards Visa Credit Card.

Banner Bank Secured Credit Card or Visa Rewards Card

Finding the best credit card for a financial situation was very difficult in the past but that has changed over the last several years.  With the advancements of the Internet it is now quite easy to compare and contrast different types of charge cards or credit cards.  The current offer from Banner Bank is a Visa Platinum Rewards Credit Card.  Below is the information from their website:

“Banner Bank Platinum Rewards Visa® Credit Card

Why should you carry a Banner Bank Platinum Rewards Credit Card? The Banner Bank Platinum Rewards Card offers you:

Low fixed interest rates**

No penalty interest rates. So even if you miss a payment, you won’t be penalized with an outrageous rise in your interest rate

No annual fee, no balance transfer fee and no cash advance fee

24-hour customer service

Qualifying purchases earn points in the Visa Extras Rewards program that you can redeem for airline tickets, gift certificates, or cash back

Online Access: Get easy online access to your credit card activity right inside your Banner Online Banking account, so there are no additional passwords to remember. With an online account, you can:

Check your credit card balance

Review your transactions

See your current and past statements

Make payments online

Paperless Credit Card Account Statements: To sign-up, simply login to your online personal Banner credit card account, go to ‘Statements’ > select ‘Delivery Options’ > choose ‘Paperless’ > read the agreement and then click ‘I Agree’ to turn off paper statements. A few benefits of going paperless include:

Reduced risk of fraud

Faster delivery

Less mail clutter

Less waste”

Also note there are PDF files for the agreements on a 9.99%, 11.99% and 13.99% credit card.  There is also a PDF for the Visa Rewards Credit Card application here.  The application has plenty of information on the rewards including a balance transfer option with interest rates at 7.24% for the lifetime of the credit card.  There are air travel, merchandise and cash with Visa extras available.  I would strongly suggest reading over the entire credit card application before printing it out and mailing it in.  Customers will also be able to print it out and bring it to their local branch.

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For those who may be unaware, a credit history and credit score will determine the interest rate that is applied to a Banner Bank secured credit card.  Once again, please remember that the above credit card is not necessarily a secured credit card.  Those with a poor credit score may need to apply for the secured credit card option but this card can be a simply rewards credit card.  Most bad credit credit cards have interest rates that are well above 12%.  This is very unfortunate but borrowers who have made poor financial decisions in the recent past are going to be punished.  Coming up with a smart plan to pay down debts might be a smart idea before applying for a Banner Bank credit card in 2013 and beyond.

Balance Transfer Credit Card Offers at 0% Interest

Finding a 0% balance transfer credit card is difficult for those who have secured credit cards or payday loans outstanding.  When debts are paid down credit card companies are more than happy to offer low interest rate balance transfers.  That changes quickly when a debt to income ratio increases.  If a borrower has $20,000 on five different credit cards it is highly unlikely credit card companies are going to mail out those great offers.  The rich get richer and the poor get poorer when it comes to borrowing money in the United States.  This is never more apparent than with the credit card industry.

Before assuming the Banner Bank secured credit card is the only way to build a credit score it never hurts to check the FDIC website to see what banks or credit unions are in a local area.  By doing a search for Idaho, Washington or Oregon potential borrowers are going to find quite a few options.  In fact, it would be highly suggested to look at five or more financial institutions that currently offer a credit card.  Not all banks will offer a balance transfer APR of 0% so check that before making any final judgement to hit the submit button on an application.

Unfortunately, some banks will not tell you the credit limit or the interest rate until the application is complete.  This is unfortunate because submitting an application could end up hurting a credit score.  Some may not think about this but every application submitted is documented by the credit bureaus.  As they document these applications it becomes quite apparent that people are looking for ways to gain access to quick cash.  Anyone who looks to be a little bit desperate could have their credit score damaged.  Once again, build up huge amounts of debt that have not been paid off is the quickest way to see a credit score drop.  Combine this with missing minimum payments and it may take years or even decades to improve a credit score.

With all of this in mind, think about submitting that 0% interest balance transfer credit card application.  Although things may seem great financially right now you never know when they could turn south.  Always have cash saved up and try to avoid putting money on credit cards through balance transfers.

Banner Bank Locations in the Northwest

As stated earlier, Banner Bank has a huge presence in the northwest.  In the state of Idaho there are locations in Boise, Meridian, Nampa, Lewiston and Twin Falls.  All of these locations will help customers who are looking to take out personal installment loans, home loans or even credit cards.  The locations in Oregon include Tualatin, Portland, Boardman, Hillsboro, Beaverton, Hermiston and Lake Oswego.  Make sure to use Google Maps to find a location near you.  The easiest way to do it is to type in “Banner Bank [your zipcode].”  All locations will be more than happy to assist when it comes to filling out any type of application.

Banner Bank has a huge presence in Washington states in place like Walla Walla, Seattle, Everett, Yakima, Bellevue, Richland and Sunnyside.  Sometimes potential borrowers may want to consider a larger location as this tends to be where the “high ups” will be working.  Although it is not necessary to work with a regional loan officer it never hurts to get someone with a little more experience and a lot more power.  This could make the application process much easier.  The more experience loan officer may also help you find other options to help build a credit score in 2013 and beyond.

The best way to get in touch with the most powerful loan officers is to call ahead.  These are very busy people so you are not going to be able to stroll into a bank location and talk to these individuals.  If you are willing to schedule a meeting ahead of time you will be able to take advantage of some of the better opportunities available from Banner Bank.  Note that the Banner Bank secured credit card is not the only option for borrowers in the Northwest.  Always look at some of the alternative.…

Central Pacific Bank Secured Credit Card

Residents of Hawaii are often looking for bank options.  Some will actively seek a Central Pacific Bank secured credit card.  Central Pacific Bank is one of the largest financial institutions in the United States and it’s headquarters are in Hawaii.  There is current a Visa secured credit card option from this bank but remember there are other credit card opportunities as well. It might be smart to look up several different secured and unsecured credit cards before making a final decision in 2013 and beyond.

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Secured Credit Cards Help Build a Strong Credit History

There are some borrowers of money who have made very poor financial decisions in the recent past which makes it very hard to get ahead when it comes to finances.  These individuals may need to seek out unique borrowing opportunities as normal unsecured credit cards have not solved any problems.  In fact, it is often the case that bad credit borrowers end up abusing unsecured credit cards because they have a line of credit that is money they have yet to earn.  Enter secured credit cards.

A secured credit card acts in the same was as an unsecured credit card but borrowers must put down collateral or a “down payment” before spending any money on the card.  This deposit is usually sent through a cashiers check or money order.  If that particular borrower is a customer of the bank they can use money in a bank account or checking account.  Each financial institution has different requirements when it comes to the amount of money that can be put down.  Some banks limit this amount to $1000 or $2000 while other banks increase the limit to $5000 or $10,000.

Central Pacific Bank Secured Credit Card

When looking to apply for the Central Pacific Bank secured credit card always remember to consider every single option before hitting apply now or submitting an application at a bank location.  There are several different credit card options available from Central Pacific Bank so do not feel as if a secured credit card is the only way to build credit and borrow cash.  Here is much more information on the secured credit card for the Central Pacific Bank website:

“Secured Visa® Card

If you need to improve or re-establish your credit history1 , here’s a great way to begin that process. With the Secured Visa Card, you’ll enjoy the convenience of credit including the option to carry a balance while earning interest on your savings account.

BUILD YOUR CREDIT

Provides an excellent opportunity for someone starting a credit history or for someone who has been turned down for a credit card.

Simply open a secured savings account that is pledged as security for your credit card account.

Merchants and retailers won’t know your card is secured when you use it to make purchases.

Cardmember Benefits

Visa credit card also come with a variety of important features, including: extended warranty coverage, free collision damage insurance and zero fraud liability.2 See Consumer Card Features and Benefits for a complete listing of all card benefits.

Special Offers

Receive up to a $5,000 credit limit.

Purchase APR

Variable APR currently 20.99%. See Terms and Conditions for complete details.

Annual Fee

$35 Annual Fee

Minimum Requirements

Applicant must be 18 years of age, have a U.S. address and a Social Security number. A minimum security deposit of $300 is required ($5,000 maximum).”

Note that the variable APR is currently 20.99%. This is a very high interest rate on any amount of money borrowed. Those looking for bad credit installment loans and bad credit unsecured personal loans may find interest rates at more attractive levels.  As most bad credit borrowers know, finding low interest rates on any amount of money borrowed can be quite difficult.  That said, there should be a few bank options in the state of Hawaii.

Bank Alternatives in Hawaii

There are currently nine financial institutions with headquarters in the state of Hawaii with one of these banks being Central Pacific Bank.  Just because a bank is not headquartered in the state of Hawaii it does not mean there are not branches on the islands.  In fact, there are many banks that have headquarters in California and other states that have quite the presence in Hawaii.  Here are some bank alternatives that are headquartered in the state:

  • First Hawaiian Bank
  • Bank of Hawaii
  • Territorial Savings Bank
  • Hawaii National Bank
  • Pacific Rim Bank
  • Ohana Pacific Bank

Also note that those seeking secured credit cards in 2013 and beyond can do plenty of research online. Almost all banks will be willing to let potential customers contact them about a credit card. Unlike a checking account or home loan it is not necessary to be in a local area to take out a credit card. Actually, most credit card applications are done online now.  Even the credit cards that are preapproved ask potential customers to go online and fill out the information.  This makes it easier to apply for a secured credit card in Hawaii.

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Before going through many application steps it might be smart to have all information ready.  Many of these credit card applications do not have a save now and complete later feature.  This is unfortunate, but it is simply the way it is right now.  Do not think that credit card applications are long.  You may be surprised at just how short some of these applications are.  Some of the basic information like name and address as as well as annual income are part of the application.

How to Use a Central Pacific Bank Secured Credit Card

Unlike regular credit cards it is often the case that a secured credit card has a much lower credit limit.  Some borrowers of unsecured credit cards have received limits as high as $15,000 to $25,000.  This is highly unlikely with a Central Pacific Bank secured credit card.  In fact, the maximum amount has been set at $5000.  This is a good thing for many borrowers.  Rather than spending a ton of money that has not been earned it is much smarter to spend money that you actually have.

A secured credit card is basically like an allowance from when you were little.  The amount of money that can be spent on the credit card is the deposit that is given upon signing up.  Basically, if you put $3000 down you will have a $3000 credit limit on that specific secured credit card.  If you max out the card and do not pay off the amount the lender will already have the money so they will be out nothing.  This is completely different than an unsecured credit card.

If an individual has a $10,000 credit limit on an unsecured credit card and they max out the card there is nothing the credit card company can do to get this money.  They can send letters or hurt a credit score but they took a risk when they offered this unsecured debt. I would never suggest anyone do this as it will kill a credit history.  If someone defaults on a $10,000 line of credit it will take a very long time to build a credit score back to a respectable level.  This mean it could take years or even decades to have the opportunity to buy a new car or home.  When making any type of major purchase banks and lenders will look at a credit score and credit history.

After a credit score has been knocked or hit it might take a secured credit card to help rebuild that credit.  Some financial advisors will suggest putting the smallest down payment possible on a secured credit card.  Starting with $500 or $1000 might be a good choice.  Using the Central Pacific Bank secured credit card simply for gas, groceries and drug store purchases will mean the bills will not rack up quickly.  Note that this can be very hard to do for anyone who has used a credit card to make every single purchase in the recent past.

Getting Low Interest Rates on Credit Cards

The only possible way to get extremely low interest rates on a credit card is to prove to be a solid and responsible borrower of money.  Unfortunately, anyone seeking a secured credit card or a bad credit installment loan is probably considered an irresponsible borrower of money.  Paying down all high interest rate debts and keeping balances low on credit cards is a great way to increase the odds of getting low interest rates on personal loans, home loans or credit cards.

It takes more than just this though.  Borrowers will also need to have paid off a car loan, personal loan or even home loan in the last few years to be a truly good borrower of money.  If individuals have student loans they have paid over time this is another good sign that they have been a responsible borrower.  In more words or less, people need to get bills but pay them as quickly as possible.  Sometimes life gets tough and it is very hard to pay these bills but things will eventually turn around and the debts should be addressed as soon as possible.…

Fayetteville NC Banks with Bad Credit Personal Loans

In the state of North Carolina residents will find that there are many options available when it comes to credit unions, local community banks, regional banks and national banks. With Bank of America and Wells Fargo having a huge presence in Charlotte there are opportunities to borrow money. Some will seek out Fayetteville NC banks with bad credit personal loans. Finding access to $500, $1500 or $5000 have gotten a little bit easier as the overall economy has improved since the credit crisis.

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Fayetteville NC Banks with Bad Credit Personal Loans

With Fort Bragg and Pope Air Force Base being located in Fayetteville, North Carolina it comes as little surprise that there are many banks and financial institutions in the area. These military members need somewhere to house their money. Some of these same individuals will also look to borrow money to pay for a car, truck, motorcycle, van or SUV. Before making any type of major purchase it never hurts to consider financing options.

As stated earlier, there are a ton of well known banks that have a presence in the state of North Carolina. Whether you are looking for options from Regions Bank, SunTrust, BB&T or First Citizens Bank there are branch locations. It is sometimes best to physically go to a branch location to discuss the options that are currently available. If you have improve a credit score to a level above 660 over the past few months or years there is a good chance you could gain access to some very large loan amounts. Here are some options in Fayetteville, NC:

  • Capital Bank
  • Fayetteville Postal Credit Union
  • State Employees Credit Union
  • Bragg Mutual Federal Credit Union

Note that these are not the only banks in the area. It also might not hurt to check out Raleigh NC bad credit loans. Raleigh, North Carolina was the home to RBC Bank before it was bought out by PNC. With a ton of local ties to the banking industry Fayetteville, NC residents are not going to find it difficult to gain access to different banks. The difficulty may be qualifying for a personal loan or a bad credit installment loan.

Low Credit Score Car Installment Loans in Fayetteville

For some reason bad credit score car installment loans are very popular in military towns. It is amazing to see just how many lenders are willing to offer low credit score borrowers money. Remember that some lenders have tightened their practices after the credit crisis but there are still many that will be more than happy to help you come up with $10,000 or $15,000 to make that new car or truck purchase. If you plan on buying a brand new Ford F150 or Chevy Silverado you are going to need to get a very large loan. Some of these newer trucks can cost $40,000.

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Before making this financial commitment it might be best to step back and look at the big picture. If you buy a car or truck that is this expensive you are going to be paying $500 a month over the course of the next five years. If you have no money to put down it is going to make it quite difficult to pay this amount of cash. Although the military offers some great incentives to those who enlist it is still not a wise choice to spend all that money before you even get it in your bank account.

This is something to think about as there are plenty of opportunities to buy used cars in Fayetteville, NC. There is a Craigslist subdomain that has hundreds of used cars listed every single day. By scouring the Craigslist Fayetteville, NC used cars section many potential car buyers will be able to find vehicles as low as $1000. This might be well worth the savings as the rest of that money can go into a checking account that is building interest.

Finding low interest rate loans have become a little bit easier with technology. When searching on Google or any search engine remember to do plenty of homework on a company. Just because that company ranks highly in Google search it does not mean it will be the best company for your needs. Keep this in mind moving forward. Read the fine print and understand what alternatives are available when it comes to online loans or loans at a bank branch location.…

PNC Bank Bad Credit Personal Installment Loans

Even though the overall economy has drastically improved over the last several years it is still true that many people have bad credit. When looking for loan opportunities some may seek installment loans. Those on the east coast may actively look for PNC Bank bad credit personal installment loans in hopes of gaining access to up to $5000 cash. Unfortunately, many times this bad credit money borrowing could come with very high interest rates.

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PNC Bank Buys RBC Bank

Recently, PNC Bank purchased RBC Bank to expand their presence throughout the Southeast. RBC was headquartered in Raleigh, North Carolina so this expands PNC Bank into the South in states such as South Carolina, North Carolina, Georgia and Florida. Most banks are more than willing to expand into other areas as they know they will be able to make more money with loan opportunities. That being said, it does not mean that PNC Bank is willing to offer every bad credit borrowers easy cash.

PNC Bank has a huge presence in the Eastern United States with its headquarters being in Pittsburgh, Pennsylvania. When looking at the map of PNC Bank locations it is quite obvious there is a large presence in South Florida near Miami and Atlanta, Georgia. With the purchase of RBC Bank it should come as no surprise that they also have a large presence in the central part of North Carolina as well. No matter where you are on the East Coast it is likely the case that there are PNC Bank opportunities.

In the coming months it will be very interesting to see just how many borrowers look for bad credit personal installment loans. Unfortunately, some of these borrowers may end up paying a very high interest rate because they have made poor financial decisions in the recent past. If you have let bills add up and your debt to income ratio has increased there is a very good chance that you will see high interest rates on any amount of money that you borrow.

PNC Bank Bad Credit Personal Installment Loans

When looking on the PNC website there are many opportunities to borrow money. Take the time and effort to research these opportunities before deciding on any type of loan in the very near future. Here is some of the valuable information that is provided by PNC.com:

Personal Line of Credit
Personal Installment Loan

Type
Line of credit that you can draw against as the need arises
Installment loan with a fixed term

APR

Variable Rate, based on Wall Street Journal Prime Rate
Fixed Rate

Monthly Payment
Variable, based on a percentage of the outstanding balance
Fixed, based on initial disbursement

Access to Funds
As needed, by check or online transfer
One-time, lump sum

Loan Amounts
Min: $1,500

Max: $25,000
Min: $1,000

Max: $100,000

If you are struggling to find a bad credit personal installment loan please feel free to contact me below and I’ll try to find information in your local area. Even if you do not live on the east coast near PNC banks you still may be able to submit an application online. This has become much more common as we continue to advance with the Internet. Some banks work solely online as it makes the expenses much lower.

When thinking about it, most banks spend their money on a physical location. Having to pay bank tellers or loan officers in these physical locations as well as paying the rent for the building. By avoiding these costs and expenses some banks may be able to save a significant amount of cash in the long run. Take this into consideration when looking for personal installment loans as there are online opportunities that are not a bad choice.

Cash Advance Payday Loans vs Personal Installment Loans

It is very important to recognize that there is a huge difference in personal installment loans and cash advance payday loans. A personal installment loan will be paid back over the course of time through monthly installments. This means individuals will take out up to $5000 or $10,000 cash. They will then pay it back with monthly payments of principal and interest. This is much better than having to pay this loan amount back quickly. That is the big difference when it comes to a cash advance payday loan.

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When people take out cash advance payday loan they will likely take out a 10 day loan or a 14 day loan. The next time you receive a paycheck you will have to pay the loan off in full. This can be very difficult for individuals as time is of the essence. If you have borrowed $500 and you have to pay it back in two weeks you better have a very large paycheck. Unfortunately, many of the individuals who are taking out payday loans do not necessarily have a large paycheck.

Over the last several years payday loans have become extremely popular in many states. This is how a payday loan works: individuals will borrow up to $1500 cash while also having to pay fees. These loans must be paid back in 10 days or 14 days depending on the contract. Often times, fees will be between $10 and $15 for every $100 borrowed. As you can imagine, these fees can add up very quickly if you are borrowing a significant amount of money. Another issue is the fact that these fees reset each time a customer receives a paycheck and does not pay the loan off in full.

This means if you borrow $500 you will have to pay back $550 with your next paycheck. If you are not able to fulfill this commitment the fees will reset and you will have to pay another $50 with your next paycheck. This means you end up paying $600 for the $500 you borrowed just one month ago. When calculating out the APR some of these cash advance payday loans have an interest rate in excess of 300%.

Take this into consideration before making any type of bad credit payday loan decision. In all reality, individuals should try to avoid payday loans at all costs. The only reason somebody may consider a payday loan is if they are 100% certain they will have the money with their next paycheck. Unfortunately, the majority of payday loan borrowers can not be 100% certain that they will have this money in their bank account. This is the reason they are considered a very bad credit borrower.

Personal Installment Loans in Pittsburgh, Pennsylvania

As mentioned earlier, PNC Bank is headquartered in Pittsburgh, Pennsylvania so it should come as no surprise that the largest presence is in this city and state. When looking for ways to borrow money with bad credit recognize PNC Bank is not the only financial institution. In fact, I would strongly consider looking at some of the local community banks and credit unions in and around Pittsburgh, Pennsylvania. As I have stated many times in previous documents it is often true that some of the bigger banks do not want to get to know you by name.

Small local community banks and credit unions are more than happy to get to know your name as it helps them build better customer service. This is extremely important when it comes to building a strong financial institution. The bigger names have a significant amount of deposits that allow them to offer products that some of these small financial institutions do not. Small financial institutions make their money by creating strong relationships with borrowers.

If you are looking for a community bank in Pittsburgh, Pennsylvania I would strongly suggest using the FDIC search tool. The FDIC search tool will allow individuals to find every financial institution within the state’s borders but is also insured by the FDIC. This is very important for individuals who want to build a growing relationship with a bank or financial institution. Make a mental note that not all financial institutions offer bad credit personal installment loans.

In fact, there are a few FDIC financial institutions that are only investment banks and do not offer loan products at all. You will quickly figure this out by going to the websites of some of these financial institutions. Below are some of the cities in and around Pittsburgh, Pennsylvania:

  • Dormont, PA
  • Brentwood, PA
  • Wilkinsburg, PA
  • Munhall, PA
  • Swissvale, PA
  • Mount Lebanon, PA
  • Baldwin, PA
  • Bethel Park, PA
  • West Mifflin, PA
  • North Versailles, PA
  • Franklin Park, PA
  • Plum, PA
  • Lower Burrell, PA
  • New Kensington, PA
  • Economy, PA

If you live in or near any of these areas please understand that there are multiple options available when it comes to borrowing money with a personal installment loan. While PNC Bank might be the best option there are other options in this area as well.

Improve a Credit Score to Lower Interest Rates

One thing that is very common when it comes to bad credit personal installment loans is the fact that the interest rates are high. Some individuals will see interest rates as high as 30% on the money they borrow. This is very unfortunate as they could be paying this loan back over the course of several years and several decades. Paying both principal and interest on these bad credit personal installment loans will be difficult as the interest builds up very quickly.

The best way to improve a credit score is to make 100% certain the bills are paid on time and in full. Unfortunately, people with a low income find it is very difficult to make certain these bills are paid. Even if you have a low income is smart to create a weekly or monthly budget to get these bills paid. Another idea would be to get a second or third job just to make certain that a financial life is a little bit easier down the road.…

TD Bank Second Chance Checking Account Alternatives

In the last few years many people have made poor financial decisions which have led to the closing of a bank or checking account.  Unfortunately, after this happens, it can be difficult to open a new checking account.  Some of those living in the Northeast may seek TD Bank second chance checking account alternatives.  It is important to note that at the present time TD Bank does not offer a second chance checking account.  If you have bad credit or have made poor financial decisions you will have to look elsewhere when it comes to a new checking account.

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What is a Second Chance Checking Account?

For anyone who has had a checking account for their entire adult career it is sometimes difficult to think how hard life can be without one.  If individuals have made bad financial decisions they could lose the luxuries of a checking account.  One of the quickest ways to do this is to overdraw an account repeatedly.  If you are constantly fighting a losing battle of taking out more funds than that in your bank account there is a possibility that you could lose this account.  Unfortunately, some of these individuals may have a very low income.  With the low income and a high amount of bills it is hard to pay all of these obligations.

Rather than assuming that there were no opportunities available it is always hard to do research.  When looking for second chance checking accounts remember that there are many available in each and every state.  In fact, there are usually several credit unions locally that can help with a second chance checking account.  When seeking alternatives to TD Bank make sure to keep an open mind.  Do not assume banks like Bank of America, Wells Fargo, J.P. Morgan Chase or Citigroup are the only options.

When looking to open a new checking account most financial institutions will use the ChexSystem.  Basically, this system checks to make certain that an individual will stay current with their checking account.  There are many more aspects of the system but I will not go into detail.  Just know that you want to pass this system to take out a new checking account.  If you fail to pass the ChexSystems you will likely need to seek a second chance checking account from a financial institution.

TD Bank Second Chance Checking Account Alternatives

At the present time TD Bank does not offer second chance checking accounts.  This is very important to remember when looking for a bank of choice.  Even though TD Bank does not offer these opportunities it does not mean they’re not out there.  I would strongly suggest doing plenty of research online to see what opportunities are available in your area.  TD Bank has a very strong presence in the Northeast. TD Bank has locations in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Vermont, Virginia, and Washington, D.C. If you’re in any of these states there are alternatives available.

Below is a list of some of the financial institutions that may be able to help when it comes to getting a second chance checking account:

  • Dollar Bank
  • FinTrust Bank
  • Philadelphia Federal Credit Union
  • National City Bank
  • PNC Bank

How Much Does a Second Chance Checking Account Cost?

Before assuming that a second chance checking account will be completely free it is important to do homework.  Most financial institutions charge for a second chance checking account.  With this in mind look for institutions or banks that have free second chance checking.  If you have been into WalMart location in the last several years of likely seen banks that offer second chance check.  In some parts of the country these are WoodForest National Bank locations. Do research on the WalMart banks in your area.

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Also note that some of the bank names you know maybe willing to offer bad credit products.  If you have made very poor financial decisions with bill payments in the last several years you may need to look for second chance checking account options.  This is very unfortunate as it will cost money down the road but at least you will be able to direct deposit paycheck.  It almost seems like second nature to most people to direct deposit paycheck so I can be very difficult when this option is not allowed.

It is also difficult to think about not being able to pay bills through a checking account.  Most people in the United States have some type of automatic withdrawal.  This is not available for individuals who have lost the ability to have a bank account.  Rather than going through a very stressful financial life it never hurts to address these problems quickly.  One way to address these problems is to pay all debts.

Paying off Bad Credit Personal Loans

One of the biggest issues when it comes to paying off debts is the interest rate that is applied.  There is often a very high interest rate applied to bad credit loans which makes it harder to pay off these debt obligations.  If you are currently paying on a credit card or loan with an interest rate about 20% it makes it very hard decrease the balance.  It never hurts to use a financial calculator to better understand ways to pay down debts.

If you have a bad credit loan from TD Bank, Wells Fargo, Citi or any other financial institution it never hurts to pay off a significant amount of the balance.  Rather than worrying about low credit interest rates it might be best to take advantage of budgeting and paying off high interest rate debts.  This has been proven to help those who want to get out of debt. Unfortunately, some Americans continue to worry about taking out more money to make purchases.

If you go out to eat multiple times a week you are likely spending too much money.  Simply writing down each and every dollar that is spent will help you better understand where your money is going.  Most people do not want to do this as it’s a hard pill to swallow.  Most smart phones have some type of app that will allow you to take notes.  Use these notetaking apps to document where money is going.  If you have an iPhone or an Android phone there are plenty of opportunities available.

In fact, Google Keep was recently released and it is very helpful to those looking to take notes easily.  Even if you go into a convenience store or gas station to make a chewing gum purchase it should be documented.  Although this is only a few dollars here and there they can add up very quickly.  When writing this number down you’ll recognize that sometimes you don’t need that $4 coffee.  There are likely many other opportunities in which you can get cheaper coffee.

Checking Accounts in Philadelphia, Pennsylvania

As I mentioned earlier TD Bank has a large presence in the Northeast.  If you are currently looking for a second chance checking account or a conventional checking account in Philadelphia, Pennsylvania there are a few options.  Take the time to use Google Maps or the FDIC search tool to find banks.  By finding multiple options most individuals will find that their financial life is much easier.

It never hurts to have multiple options when it comes to finances.  There are many American adults who have several checking accounts.  I would never suggest creating a half-dozen checking accounts but more than one is not a bad decision.  Below are some of the local towns and cities near Philadelphia Pennsylvania:

  • Camden, NJ
  • Gloucester City, NJ
  • Yeadon, PA
  • Collingswood, NJ
  • Darby, PA
  • Pennsauken, NJ
  • Lansdowne, PA
  • Audubon, NJ
  • Drexel Hill, PA
  • Bellmawr, NJ
  • Cherry Hill, NJ
  • Ardmore, PA
  • Haddonfield, NJ
  • Woodbury, NJ
  • Springfield, PA

If you live in one of these areas there is a good chance that you’ll be able to find a TD Bank location or another financial institution that offers checking accounts.  If you’re having trouble finding a financial institution that offers a checking account please feel free to comment below and I will help you find a bank.  You may also want to comment on my Google plus profile as I often check this social medium multiple times a day.

As with any major financial decision is always a good idea to sleep on the decision before this made.  Unfortunately, some people jump into the first offer and they miss out on opportunities to get better checking account.  Document the fees and costs that will come along with a second chance checking account before signing on the dotted line.  This will make one’s money decisions a little bit easier in the future.…

Union Bank Bad Credit Personal Installment Loans

Union Bank is one of the largest financial institutions in the state of California and it offers many opportunities when it comes to borrowing cash. This bank used to be named Union Bank of California before changing in recent years. When looking for bad credit personal installment loans or unsecured personal loans it is always a wise decision to check your credit score and make certain that there are no major issues. When seeking Union Bank bad credit personal installment loans remember to do extensive research before making any final decisions.

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Bad Credit Personal Installment Loan Interest Rates

If you are looking to borrow $500, $750 or $1000 you may consider small personal loans or installment loans. Make a mental note that anyone with bad credit will find it extremely difficult to get low interest rates on these types of loans. This is very unfortunate as it can cause major financial problems down the road. In fact, some people have seen their credit score drastically decline by taking out bad credit unsecured personal loans.

With this in mind it may be a wise choice to come up with a strong weekly or monthly budget to determine just how much money can be spent. If you have a very low income and you are struggling to understand what opportunities are available please contact a financial advisor or someone who better understands how to manage money. Having low income and high amounts of debt can be a huge problem for individuals looking to get ahead.

This is something that has become very common over the last several years. In fact, there are some people that have had to file bankruptcy due to the fact that they continue to take out bad credit personal installment loans. When looking for unsecured personal loans recognize that the interest rate is very high and it could cause financial problems. Note that Union Bank offers many personal loan products but do not feel as if they will give someone with a credit score under 600 a significant amount of money.

Union Bank Bad Credit Personal Installment Loans

As mentioned earlier, there are several opportunities to borrow money with Union Bank. That said, please do not feel as if bad credit borrowers can walk in and take out $5000 or $10,000 in cash. Below are some of the available resources explaining what opportunities are available at Union Bank:

You Have a Dream — Let Us Help You Finance It

Union Bank’s Personal Line of Credit provides you with cash when you need it. Use the credit line as you see fit, when you see fit — and you don’t have to own a home or property to qualify. 1

A personal line of credit is a financial cushion that may provide you with a better rate than most major credit cards. You’ll have convenient access to cash when you need it and won’t be charged when you don’t use it.

Fixed- and variable-rate options: Benefit from changes in the market by choosing when to fix your rate or stay with the variable rate.

Instant cash: Write checks for as little as $500 — or for as much as your available credit limit of $5,000 to $250,000.

Revolving credit: Have access to your line again and again as you pay back the money you borrow.

Discounts: Discounts available on fixed-rate options when you choose automatic payments from your Union Bank checking or savings account.

In the next few years it will be interesting to see just how many banks start to offer bad credit unsecured personal installment loans. After the credit crisis many of these financial institutions were not willing to offer poor credit types of loans. In fact, Bank of America is one of the largest financial institutions that stopped offering this line of credit. Make a mental note of this when going into any financial institution looking to borrow money with a very low credit score.

Union Bank would be considered one of the more popular banks in the state of California but recognize it is not the only option. I would strongly suggest avoiding payday loans or cash advance loans as these types of loans have very high interest rates that could cause major financial problems down the road. The interest rate on some of these bad credit payday loans exceeds 300%. The payday loan companies explain it as fees but you are getting charged high interest for a 10 day or two week period.

Personal Installment Loans vs Payday Loans

When looking at bad credit payday loans versus personal installment loans it is important to recognize there are some major differences. The biggest difference is the fact that bad credit payday loans will have to be paid back in 10 days or in two weeks. The reason they are called payday loans is because individuals will have to pay the loans off with their next paycheck. This is very unfortunate for someone who has a very low income and really can’t afford these high fees.

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Fees will be applied to the amount of money borrowed through bad credit payday loans. Individuals will likely pay between $10 and $15 for every $100 borrowed. This means that for every $500 borrowed you’ll pay an extra $50 in the form of fees. When looking at the interest rate on this money you can see that it is clearly very high. This is unfortunate as most people do not understand they are paying interest rates in excess of 300%.

A bad credit personal installment loan is much different in that borrowers will likely take out more money than a payday loan and they will pay it back over the course of time. In fact, some borrowers have the opportunity to pay it back over 84 months or 72 months. This will drastically decrease the monthly payment because there is so much time to pay the loan off. That said, there are often high interest rates that are applied to this amount of money. Expect to see interest rates as high as 18% or more on some of these bad credit personal installment loans.

Credit Union and Community Bank Installment Loans

If you are looking to save money on low interest rates you may want to consider credit unions or community banks when it comes to installment loans. Most of these financial institutions have very strict guidelines when it comes to the interest rate that can be applied. This is very useful for individuals that have a high interest rate on the money they are borrowing. In fact, some credit unions will only charge up to 15% on a credit card or personal loan. Do plenty of research and understand what interest rates will be applied to money borrowed from a credit union or small community bank.

Something else that is very beneficial is the fact that community banks will get to know you by name. When taking out a bad credit personal installment loan with Union Bank or Discover Bank or Capital One Bank you will instantly become a number. Rather than becoming a number you will be a person at some of the small local community banks. Make a mental note that some of these local community banks only offer financial products to individuals who have residency in a different county.

If you do not have residency in the county in which the credit union or community bank is headquartered there is a good chance that you will not be able to open up a bank account with this specific financial institution. This is very sad for individuals who want to get the lowest possible interest rates on personal loans. Always do your research before giving up hope. There are some community banks that will allow individuals of neighboring counties to take advantage of the low interest rates on personal loans, home loans and credit cards.

Personal Loans in San Diego and Los Angeles, California

When looking for Union Bank bad credit unsecured personal loans there is a very good chance that individuals will be living in the state of California. Some of these individuals may live in or around San Diego or Los Angeles. Luckily, there a number of great financial institutions that are in these areas. Below are some of the local towns to San Diego:

  • Coronado, CA
  • National City, CA
  • Chula Vista, CA
  • Lemon Grove, CA
  • Bonita, CA
  • La Mesa, CA
  • La Presa, CA
  • Spring Valley, CA
  • Imperial Beach, CA
  • El Cajon, CA
  • Rancho San Diego, CA
  • Santee, CA
  • Bostonia, CA
  • Tijuana, Mexico
  • Lakeside, CA

If you live in one of these areas there are opportunities to borrow money even if you have bad credit. If you have seen your credit score decline drastically over the last several months or years it may be more difficult to take out a loan but there are still lenders. Do research on the FDIC website before assuming there are no options available in April 2020 and beyond. If you live in Los Angeles there are also plenty of opportunities. Here are some of the small towns and around Los Angeles:

  • East Los Angeles, CA
  • Huntington Park, CA
  • Maywood, CA
  • Walnut Park, CA
  • Commerce, CA
  • Bell, CA
  • Glendale, CA
  • South Pasadena, CA
  • Monterey Park, CA
  • South Gate, CA
  • Cudahy, CA
  • West Hollywood, CA
  • Alhambra, CA
  • Bell Gardens, CA
  • Westmont, CA

As stated earlier, just because you do not live in the city limits it does not mean that there will not be loan opportunities. Take advantage of personal installment loans with low interest rates if they are possible. Unfortunately, some people do not do this and they end up missing out on opportunities to borrow up to $25,000 cash. I would strongly suggest anyone with bad credit look for borrowing opportunities even when they don’t really need the money.

All of that being said, make sure to create a strong weekly or monthly budget and understand where money is going. If you have more money going out than coming in it would be a wise choice to either get a second job or consider cutting back. One of the easiest ways to cut back is to eat out less or simply not go to movies as much. You may be surprised to find how much money you spend just by going to the movies once a week or even twice a month.

By looking at this budget and analyzing your financial information there is a very good chance that you will improve your financial history. This will make it much easier to take unsecured personal loans in the very near future. This will also make it much easier to buy a home and pay down the monthly mortgage.…