Every lender sets a unique requirements (including credit rating thresholds) for loan approval and rates

Every lender sets a unique requirements (including credit rating thresholds) for loan approval and rates

The most you can easily borrow with a PAL is simply $1,000. However the rate of interest is capped at 28%, making PALs an even more option that is affordable pay day loans as well as some online unsecured loans for bad credit. Other certification needs: demands change from lender to lender, but can include deposit that is direct, on time re payment history along with other loans through the credit union, and verification of employment. Continue reading “Every lender sets a unique requirements (including credit rating thresholds) for loan approval and rates”