High risk loans, as the very name suggests, are loans that involved higher risk to creditors due to the borrower’s bad credit history or lack of collateral. It is a very popular loan, because many online lenders realize the demand of the market in providing this type of services. High risk loans might be slightly more expensive than other types of loans. After all, lenders must compensate for the risk involved in such a lending.
High risk loans are unsecured loans. This may be a little misleading. When you apply for a payday loan, it is secured against your income. Of course, you may not receive income and the lender has a problem. But since online cash advances and payday loans are secured against your income, they are in a sense secured loans. High risk loans may be more expensive but they are not expensive than majority of payday loans that you can avail online. Typically, you pay about %15-%25 of the amount you borrow. Most lenders lend cash advances up to $1500.
Lenders in our network don’t conduct a clasic credit check, allowing people with bad credit to have a shot at borrowing money in the most conveniient way – over the Internet.
Easy application process
We are a large network of lenders that offer high risk loans at competitive prices. You can apply for a loan quickly, using a short application form available on this website. Your application is processed in real time, which usually takes several minutes for the whole process to be completed fast. Upon approval, you receive cash by money deposit directly into your checking or savings account. You can apply even if you have no banck account at all.
High approval rate
In order to be eligible for a high risk loan, you must meet two basic criteria: you must have an income (it can be employment income, any types of benefits, self emploment), you must be of legal age.
Once you have submitted your application for a high risk loan, you can count for a quick response. Our network has a very high approval rate and one of the best response times.
Most applicants receive cash in less than 24 hours. There is no faxing involved, which is another great convenience of online borrowing.