Second Chance Loans
If you were declined it may be due to submitting incorrect information on the loan application form, this could include an incorrect postal code, telephone or identification number. If you are unsure of your employers postal code or telephone number we suggest that you Google the information. A second chance loan allows you to correct your mistakes and get your loan approved instantly, Simply re-apply by using the button below.
Why you need second chance loans?
One of the reasons your loan may not be considered for approval by banks, credit unions, or other financial institutions is your bad credit.
Bad credit can be a stumbling block when you need a quick loan to get you out of a jam.
Over 53% of Americans have experienced rejection in their loan application because of their negative credit report.
When you take a good look at some of the stats out there, you begin to wonder what your chances are with a loan application if you have bad credit and also have a financial emergency.
Here is the best part
If your loan application was rejected in the past because of your bad credit or perhaps you’re worried that your bad credit will ruin your chances of getting approved, worry no more as second chance loans are here to make you happy
What can second chance loans be used for?
You can use second chance loans for a lot of reasons, however, it depends on the type of loan that was approved for you.
Some of the things you can use the second loan for are;
- Medical bills
- Emergency expenses
- Car repairs
- Huge purchases
- Debt consolidation
Here is the deal
You can pay second chance loans over a lengthy period and this allows you to make installment payments.
By paying in installment and not one huge amount, you have successfully made it easier for yourself to repay the loan.
Once you make any payments on your loan, your lender will alert the credit bureaus of your payment and this, in turn, helps to ensure you have good credit.
Private Loan Shop second chance loans allow those with bad credit who can’t access loans from the traditional financial institutions to thrive.
Conclusion
At Private Loan Shop, our second chance loans are structured with flexible payments to make life easy for you.
Click the Apply for Loan button to get started today.