How to Get a Personal Loan EVEN with Bad Credit

Smart Money
Personal Loan Featured Image

Personal loans are never an easy decision.  We have aligned a partnership with a company called EVEN Financial.   Together, we’ll be able to provide you the absolute best personal loan rate amongst the web’s best personal loan providers.

Score a Loan…even with Bad/Poor Credit!

When loans are needed to pay certain things like Medical Bills or other significant life events, it’s nice to have a good credit score.  But what about for people with bad credit?  Are there loans out there for them?  Well, it depends on the loan provider of course.  Credit scores are provided to show if you could pay off debt previously.  People who have never even tried a credit card or loan will likely have a bad credit score.  It’s the chicken or the egg theory but with a credit score.

Surveys for Money

Check Your Credit Score First

There are a few ways to get a credit score.  We’ve partnered up with Credit Sesame to provide you a free score with a sign-up.  You’ll need some personal information like a Social Security number, as this is how most bankers and institutions identify your previous records.  Here are the general rules when it comes to how good your credit is:

  • 400 – Poor
  • 500 – Poor
  • 600 – OK
  • 700 – Great
  • 800 – Awesome

Once You’ve Found Out Your Score: …And it’s Poor

So you’ve found out you don’t have that high of a credit score.  It’s OK.  There are so many ways of improving your score, but one thing is for sure: It will take time to rebound.  Some have claimed to increase credit scores rather quickly, and it’s certainly possible, but you’ll need to pay off debt.  Think of debt being the goal in hockey.  If you’ve paid off the debt or “scored on the goalie,” you’ll receive a point.

If you need a loan now, there are a few options.  One we recommend is using a service called EVEN.  By applying through EVEN you’ll be sending your application out to several personal loan providers like Best Egg,, Payoff, and Lending Club (a few others).  In doing this, you’ll open up more opportunities and spend little time and effort applying to institutions.

EVEN MoneyHax
We’ve partnered up with EVEN

Still Not Approved?  Try Credit Counseling!

Many people have had debt and credit issues, so no worries!  There are many credit and debt counseling companies that will help you get on the right track in not only improving your credit score but overall financial outlook.  Try our partner (Consolidated Credit) for more information there.

Get out of debt fast!

Why a personal loan may be of your interest

Loans are borrowing money.  Plain and simple.  However, for life’s many choices and burdens you’ll likely encounter expenses that far exceed what you may currently have in your bank account.  For example, when you finance a car, you may not have the upfront costs to pay for the car outright.  A loan may be a good option.  Here are some other examples of significant expenses:

  1. Home Downpayment
  2. Car Loans
  3. Student Financing
  4. Home Improvements
  5. Wedding and large events

What are your options for a lender

Receiving a loan does require a few things.  For one, you’ll need to have a decent credit score.  That means, over time you have been responsible when paying back approved loans before, or you have paid credit card balances on time.  Credit scores are essential in financing, and if you are new to the concept, try a secured credit card first to get your credit score up.  If you have decent credit, you are ready to apply. However, there are no restrictions on credit requirements for an application.  Visit our partner page at EVEN Financial for more info.

What does EVEN do and how does it help me?

EVEN has worked with the web’s top lenders including, for example,, a well respected and funded operator.  With several other reputable options, place your information on our EVEN partner page, and this will be sent to the loan operators, you’ll then have them compete against each other for the best loan rate that fits your needs!  What a fantastic concept and deal!

EVEN Financial Partner Page

Remember, when you submit your information, you’ll be fielding offers, but the deal isn’t official until you sign.  Your credit score may be affected, but you won’t be obligated to pay until the deal is done on both ends…so no worries in collecting more offers. 

Surveys for Money

Leave a Reply

Your email address will not be published. Required fields are marked *

Time to Subscribe to MoneyHax...