Have you applied for a bad credit loan recently? I was just talking about how these lender matching sites and the way the lenders do business is confusing to me. I don’t understand why they do what they do, and it keeps changing. It’s almost like the market is having growing pains. If you’ve ever used one of those lender matching services, have you noticed how many emails you’ve been bombarded with?
They won’t offer you a loan right away, but instead you’ll spend hours filling out short applications, reading emails, fielding phone calls geared towards products that help people with bad credit and much more. It’s an absolute mess, and then when someone does offer you a loan, you’ll be lucky to be speaking with someone you can understand. They will offer you more than you want, request money up front, talk about loan amounts and repayment schedules you’ve never imagined and much more.
Trust me, I’ve been there and done that. If you’re not familiar with a company that offers bad credit loans, don’t stick your neck out there with these sites that act like lenders. Yes, that’s right, some of the lender matching sites don’t want you to know that they aren’t direct lenders. I’m not exactly sure what is going on with some of these sites.
Something out there just isn’t right with the payday loan market. When you search for loans with bad credit, you should be presented with companies. I did notice that the lender matching services keep your information and store it for next time, too.
What’s the point in that if they are just going to send you tons of emails about loan offers that don’t pan out and put you on a call list for all these companies that supposedly have loans to offer you.