Lending For Bad Credit

Lending For Bad Credit at a Glance

How the Marketplace Works

1. Two-Minute Request Form

Borrowers supply basic identity, income, and banking details. LFBC states this will not affect your credit score because only a soft credit inquiry is performed at this stage.

2. Lead Distribution to Lenders and Aggregators

Your data may be sold “multiple times,” potentially generating offers—and marketing outreach—from several lenders or even other lead brokers.

3. Lender-Specific Application

Selecting an offer redirects you to a partner’s site. At that point the lender can run a hard pull, verify documents and present final rates, fees and repayment dates. LFBC itself does not set or guarantee any loan terms.

4. Disbursement & Repayment

Approved funds can post as early as the next business day, but timing ultimately depends on the chosen lender and your bank’s ACH cutoff. Repayments are usually monthly ACH debits; missed payments trigger new finance charges and potential legal action by the lender, not LFBC.

Eligibility, Rates & Terms

• Loan Size & Purpose: LFBC’s network supports tiny cash advances (≈ $100) through mid-sized personal loans (up to $40k). Most marketplace users reportedly receive short-term offers below $1,000.
• APR & Fees: Site disclosures cap marketplace APRs at 35.99 %—the legal ceiling for many consumer-loan states—yet tribal lenders in the network may charge higher rates exempt from state usury laws.
• Repayment Windows: Loan terms run 2 to 180 months according to the Google/Bing ad disclosure, far longer than typical payday-loan cycles.
• Credit Criteria: LFBC advertises “all credit considered” and cites no minimum FICO. Marketplace partners may still check Teletrack, DataX or the three bureaus to assess risk.
• State Availability: Requests are blocked for CT, NH, VT and WA; availability elsewhere can change anytime.

Compliance, Transparency & Consumer Risks

LFBC lists membership in the Online Lenders Alliance (OLA), an industry body with best-practice standards, and posts clear Advertiser Disclosures noting it is not a lender, broker or agent. Nonetheless, the BBB warns that debt-relief and bad-credit niches attract a high volume of scams; always verify licensing and read Truth-in-Lending disclosures on the lender’s site.

Step-by-Step Application Tips

1. Check your credit (free soft-pull apps or annual credit report) so you recognize a fair offer.
2. Use the LFBC form; verify the “no impact on score” notice on the first page. lendingforbadcredit.com (https://www.lendingforbadcredit.com/)
3. Scan the redirect URL—make sure it lands on a HTTPS site of a lender you recognize.
4. Compare APR + fees across at least three matched lenders; note any origination or late-payment charges.
5. Confirm state compliance and whether the lender is state-licensed or tribal. Tribal loans can carry higher rates and weaker consumer protections.
6. Read e-sign docs closely; verify repayment schedule and total cost before clicking “Accept.”
7. Set up autopay only after confirming account security and the lender’s customer-service reputation.

Bottom Line

LendingForBadCredit.com can be useful for borrowers who need very small loans, have scores deep in sub-prime territory, or want to cast a broad net quickly. However, its limited transparency and lead-seller model demand vigilant comparison-shopping. Treat LFBC as an entry point—collect offers, then verify each lender’s license, fee schedule and reputation before committing.