Bad Credit Personal Loans With No Credit Check - The Future of Lending in the U.S?

PersonalLoansForBadCredit.net announces it will strive to help individuals with poor credit get unsecured personal loans and beat the struggle against the credit check. The company makes the announcement in light of new research casting doubt on the usefulness of traditional credit scoring.

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Our aim is to help every American with poor credit that is in need of some extra money get a short term or long term loan. This continues to be our goal and we are united with our network of lenders in achieving this outcome.

Atlanta, GA (PRWEB) July 16, 2012

PesonalLoansForBadCredit.net, the top U.S loan matching specialist for bad credit unsecured personal loans, has announced it will assist American consumers obtain the fairest loan rates and the fastest payouts from the most reputable lenders - all without any form of credit checking.

The announcement coincides with new research from the PRBC Credit Reporting Agency showing a running total of 25% of the U.S. population cannot be successfully measured by the traditional credit scoring process. This has led to many consumers failing credit scores and struggling to find companies that agree to arrange borrowing on their behalf.

A company spokesperson from PersonalLoansForBadCredit addressed this in a statement.

“Personalloansforbadcredit.net has always been adamant that credit scoring forms no part of its quick, secure and non-invasive online application process. These statistics from the PRBC confirm what we have known all along – credit scoring punishes people who need the most help and fastest access to cheap borrowing.”

He continued, “We have built our entire operation around to trying to redress this imbalance in the industry. The result is the PersonalLoansForBadCredit.net website, complete with a short online form that is immediately screened by a network of lenders who specialized in helping those most in need. We hope that other loan matching companies and lenders realize that the traditional scoring process should not form a part of screening for people with adverse credit.”

A review of the Personalloansforbadcredit.net confirmed that, upon completion of the brief, free and confidential online application form, approval is received by the borrower within one hour in most cases

Notably, the company has one of the highest rates of approvals online personal lending companies for less-than-perfect credit. PersonalLoansForBadCredit attributes this directly to its lack of reliance on conventional application scoring methodology, choosing instead to work with lenders who share its ethos and work exclusively for borrowers in tough situations.

“We have put together a network of lenders who are committed to offering competitively rated personal loans for bad credit borrowers without penalizing them for having missed a few repayments in the past, or for earning below-average income. This is a big part of why we have such a high approval rate and are able to help many get loans against the odds. The last few years have shaken up the financial world and we feel that there is a moral responsibility to give hardworking Americans who have suffered hardship a break. We invite them to experience a breath of fresh air with our easy-breezy secure online application and promise an answer to their loan request within 60 minutes. The cash follows shortly after.”

“Our aim is to help every American with poor credit that is in need of some extra money get a short term or long term loan. This continues to be our goal and we are united with our network of lenders in achieving this outcome.”

To apply for a loan with a guaranteed one hour turnaround time, go to: http://www.PersonalLoansForBadCredit.net


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