"Great Help with quick response" - Sandra M.
"No improvement need u guys were the best of the best!!!" - Angel B.
"This process was very quick and easy. After filling out the initial application, which took about two minutes, I was matched with multiple loan offers in about an hour. I didn't have to wait on site, they sent me email notifications whenever I had a loan offer. When i accepted a loan offer, a representative from the financial institution contacted me within 15 minutes, and i literally had my check within 8 hours. This could not possibly be any easier. I highly recommend this service." - Gabriel T.
Below are the different types of loan programs we have available.
Based on the information you provide our system will match you to the best fit lender. Our matching process take mere seconds, and the application process only takes the average user a few minutes to complete.
Depending on the lender that we match you to, you can have your money in less than 24 hours. Most of our lenders can directly deposit your funds into your bank account.
Use our simple loan calculator to calculate your monthly payment!
For over 12 years the team at BetterLoanChoice has been helping people with good and bad credit get approved for personal loans. Our system is fast, safe and secure. Our lending partners provide loans that can be used for anything! Student Loans, Business Loans, Debt Consolidation, RVs, Plastic Surgery and anything else you may have a need for. In many cases, our lenders can get you the cash in less than 24 hours. Even if you have bad credit, we have lenders that may be able to help get you a loan. Apply now to find out!
Below you can find some common answers to questions we get every day. If you do not see an answer to your question here you can always chat with one of our representatives (if online), call our toll free number or email customer service. More questions and answers can be found on our dedicated FAQ page.
We at BetterLoanChoice.com, do not offer loans. Instead, we attempt to match you with participating lenders who offer loans. These lenders can offer unsecured or secured personal loans, including auto loans, loans after bankruptcy, medical loans, vacation loans, motorcycle loans, and loans for other needs. Based on certain criteria - based on the information you provide, we may direct you to different types of participating lenders including peer to peer lenders, traditional lenders, short-term lenders and cash advance lenders.
Some, but not all, of our participating lenders can set up automatic loan payments for you. These payments would come directly from your bank account. The benefit of an automatic payment arrangement is that, as long as the money to cover the payment is in your bank account, your payment will be made whether or not you remember to make it, which may help to keep you from defaulting and from incurring late payment fees, depending on the terms and conditions established by your lender.
We ask you to tell us your credit score because we do not run a credit check on you. A credit check or obtaining a credit report, may affect your credit score and is a specific request made to one (or all) of the 3 major credit bureaus. We at BetterLoanChoice.com do not pull your credit report. Your lender may do so with your permission.
We match applicants with participating lenders who offer loans of up to $25,000 to applicants who meet those lenders’ specific credit requirements. Apply now to find out the maximum amount any participating lenders with whom you are matched might offer to you. Our application is secure, easy, and fast!
Yes! While not all applicants qualify, some of our participating lenders offer programs that do not require a credit check, so even if you have less than perfect credit, you may still qualify for certain types of loans. Generally, if you have really bad credit, a credit score less than 500, we will be unable to match you to a traditional or peer to peer lender. You will most likely be matched with a short-term or cash advance/payday lender. If you do obtain a loan, make sure to pay on time and to follow the rules that your lender provides to you – your failure to do so may harm your credit since the information could be given to the credit reporting agencies.
Our services provided by BetterLoanChoice.com are completely free to you. We are paid directly by our participating lenders and through other offers on our website, including the offer to participate in a free 7 day trial for credit monitoring. We benefit financially when you are approved for a loan by one of our participating lenders or when you read or click on certain information on our website. For example, if you go to Legal Zoom by clicking on the ad that we run on this website, we may receive a "conversion fee." This is just one example of how we might benefit from you using our website. Once you are approved for a loan, the approving lender will notify you of the rate and of any fees and costs associated with the loan you are being offered.
The Truth About Advance-Fee Loan Scams
Advance-fee loan sharks are preying on unwary consumers, taking their money for the promise of a loan or credit, and leaving them in hot water. The scam artists often impersonate legitimate lenders to entice consumers into falling for their bogus offer.
According to law enforcement agencies in the U.S. ads and promotions for advance-fee loans suggest — or even “guarantee” — that there’s a high likelihood that a loan will be approved, regardless of the applicant’s credit history. But to take advantage of the offer, the consumer has to pay a fee. The catch? The scam artist takes off with your fee, and the loan never materializes.
Many advance-fee loans are promoted online or in the classified sections of daily and weekly newspapers and magazines. Often, the scams feature toll-free 800, 866, or 877 numbers. The loans also are promoted through direct mail, radio, and cable TV spots. The fact that an ad is in a legitimate media outlet — like the local newspaper or radio station — doesn't guarantee that the company placing it is trustworthy.
Legitimate offers of credit do not require an up-front payment. Although legitimate lenders may charge application, appraisal, or credit report fees, the fees generally are taken from the amount borrowed. And the fees usually are paid to the lender or broker after the loan is approved. Legitimate lenders may guarantee firm offers of credit to “credit-worthy” consumers, but first, they evaluate the consumer’s creditworthiness and confirm the information in the application. Canadian law enforcers caution that it is highly unlikely that legitimate Canadian lenders would take a risk on U.S. citizens whose credit problems preclude them from getting a loan in the U.S.
Often, advance-fee loan sharks claim that their fees will go to a third party for credit insurance or a related service. Sometimes, they even email or fax materials using stolen or forged logos and letterheads from legitimate companies. The materials are fakes, according to enforcement officials, and the contracts the scam artists ask consumers to sign are worthless. Adding insult to injury, some scammers have used the information they collect from consumers to commit identity theft.
Often, advance-fee loan scammers direct applicants to send the fees via Western Union money transfers payable to an individual, rather than a business. They ask applicants to use a “password code” with their Western Union payment, which allows the scammers to hide their identity.
U.S. law enforcement says consumers can avoid being taken by advance-fee loan sharks. Here’s how:
Don’t pay for the promise of a loan. It’s illegal for companies doing business by phone in the U.S. to promise you a loan and ask you to pay for it before they deliver.
Ignore any ad — or hang up on any caller — that guarantees a loan in exchange for a fee in advance.
Remember that legitimate lenders never guarantee or say that you will receive a loan before you apply, or before they have checked out your credit status or contacted your references, especially if you have bad credit or no credit record.
Don’t give your credit card, bank account, or Social Security number on the telephone, by fax, or via the Internet unless you are familiar with the company and know why the information is necessary.
Don’t make a payment to an individual for a loan; no legitimate lending organization would make such a request.
Don’t wire money or send money orders for a loan through Western Union or similar companies. You have little recourse if there’s a problem with a wire transaction. Legitimate lenders don’t pressure you to wire funds.
If you are not absolutely sure who you are dealing with, get the company’s number in the phone book or from directory assistance, and call it to make sure you’re dealing with the company you think you are. Some scam artists have pretended to be the Better Business Bureau or another legitimate organization.
If you think you’ve been a victim of an advance-fee loan scam, report it to the FTC online at www.ftc.gov or by phone, toll-free, at 1-877-FTC-HELP (1-877-382-4357).
Finding Low-Cost Help for Credit Problems
It’s a good idea to try to solve your debt problems with your creditors as soon as you realize you won’t be able to make your payments. If you can’t resolve your credit problems yourself or need additional help, you may want to contact a credit counseling service. There are nonprofit organizations in every state that counsel and educate individuals and families on debt problems, budgeting and using credit wisely. There is little or no cost for these services. Universities, military bases, credit unions, and housing authorities also may offer low- or no-cost credit counseling programs. Check the white pages of your telephone directory for a service near you.
The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
- Source: Federal Trade Commission
BetterLoanChoice.com is not a lender and does not offer loans. BetterLoanChoice.com will not contact you regarding a lending decision. It is the responsibility of each lender to contact you. If someone contacts you on behalf of BetterLoanChoice.com by email, please make sure that the email is from an @betterloanchoice.com email address, such as email@example.com. No one from BetterLoanChoice.com will contact you by phone unless you directly request it. BetterLoanChoice.com representatives do not call customers to offer loan products. If you have any questions or concerns, please contact us at firstname.lastname@example.org.
Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower’s expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult the federal, state, and local governments to learn more about the risks involved with cash advances, local laws and regulations governing cash advances, possible loan alternatives and recent developments in their state. Consumers with credit difficulties should seek credit counseling, which we do not provide.
When you are matched with one of our payday lenders, you can expect your APR to range from 353.23% to above 700%.
When you are matched with one of our short-term lenders, you can expect your APR to range from 199.44% to 448.76%.
Please take time to understand the ramifications - set by the terms and conditions of your lender - if you fail to make timely payments. For example, if you fail to pay your loan on a timely basis, your lender may report your delinquency to a credit reporting agency. If the lender reports your delinquency, your credit score may decrease. If your credit score decreases, your cost to borrow in the future may become more expensive and, depending your level of debt and other factors, you may be unable to borrow money from any lender in the future. Please be aware of the implications of failing to make timely payments. You should ask your lender - if you are approved - specific questions regarding ramifications about timely paying back your loan.
The following is a representative of our network of participating lenders: If you are unable to repay your loan in a timely manner, you may be assessed one or all of the following, according to the terms of lenders - late fees, administrative fees, non-payment fees, insufficient fund fees, court costs, and legal fees. In addition, unpaid fees may accumulate interest. The lender you are matched to will disclose all potential fees. Fees may range from $25 to $2,000 based on applicable state law maximums.
If you are unable to repay your loan, collections efforts will be undertaken in accordance with the terms of your lender but may begin immediately. Collections practices vary by lender, and all lenders are subject to the Fair Debt Collection Practices Act. For example, debt collection efforts may include the following: telephone calls to your home or place of employment between the hours of 8:00 a.m. and 9:00 p.m., voicemail messages, notices by mail, and door to door. However, debt collectors may not harass you, make false statements, threaten arrest, or engage in any other unfair practices.
Depending on the lender you are matched to and in accordance with state regulations, you may be able to renew your loan. Your loan agreement may give you the option to renew your loan manually or automatically. In some cases there may be administrative fees associated with renewals. Renewal fees may range from $20 to $100 depending on the size of your loan and your matched lender's terms. Review the section titled Financial Implications if your renewal is connected to your inability to repay the original loan. Again, please become familiar with the terms and practices of your lender.