Have you been rejected by the bank or another lender for a loan or a credit card?
It can be extremely stressful, especially if you’re in an emergency – we’ve all been there too and know what you’re going through.
So-called “second chance loans” give you another shot at borrowing without the hoops and red tape of the big traditional lenders. We work with a large network of direct lenders who fairly assess all applications and won’t reject you automatically, just because you have bad credit.
Submit your details and we’ll attempt to connect you right away – everyone deserves a second chance!
Want to know more? Then let’s take a closer look.
What Are 2nd Chance Loans?
They are all about giving you a second chance at borrowing money when the banks and other big lenders have been unhelpful.
The lenders in our network will not automatically reject you based on a poor credit score and can offer you a realistic loan amount based on your financial situation.
So, if you can’t find any banks that offer such loans, try our fast and simple online service instead!
Warning: Websites that make bold promises like “no credit checks” or “instant/guaranteed approval” are just using misleading marketing language.
We like to be honest with our users and believe you will be 100% satisfied with our leading online service.
So, while no instant approval is possible, we will attempt to connect you with a lender in a matter of minutes after you’ve submitted our web form.
If you proceed to complete a lender’s application, you will know onscreen if you have been accepted.
What’s more, lenders aim to deposit funds on the next working day!
We understand that the internet can seem a bit like the wild west, especially when it comes to borrowing money.
However, all of our network partners are accredited lenders in the United States and subject to federal and state law regarding payday and other forms of lending.
If you’re searching for “second chance loan companies near me” or “second chance installment loans near me”, you can simply apply online and will be covered by the regulations of the state you live in!
You will only find legitimate direct lenders via our service, with no false promises or hidden fees. If you are connected with a lender you will be able to review a digital copy of the terms and conditions before signing the contract!
Last Chance Payday Loans
The last chance loan is simply another term for 2nd chance loans. These are aimed at those who aren’t being approved for loans and credit from traditional lenders and don’t have any options left.
While there is no specific loan product called a “last chance loan,” our network of lenders offers payday loans with no collateral that can meet the needs of people looking for that last chance.
Because banks that give such loans are few and far between, our online lender connection service is a much-needed lifeline!
Myth: Second Chance Payday Loans Are Expensive
The fact that you’ve been rejected elsewhere doesn’t mean you’re going to be charged an excessive interest rate.
All of our lenders are regulated at the federal and state level, and some states have limits on the amount your loan could cost.
Lenders also recognize that charging too much in fees just increases the risk to both parties.
You will only be charged one single fee if you repay the loan on the agreed-upon date and this will be revealed to you when the lender makes their offer.
You will also receive a full copy of the loan terms and conditions prior to signing the contract, which outlines the interest rate, the repayment date (or dates if there are more than one monthly payments), the loan amount offered, potential late fees and charges, whether you can renew or extend your loan and all of the lender’s other policies.
Note: You are not obliged to accept a loan that has been offered to you, and you can walk away at any time prior to making loan decision and signing the contract.
You can also re-apply at any time in the future.
The Best Choice
If you’re looking for quick cash with no collateral, ElcLoans is your number one choice.
We streamline the application process by forwarding your details to multiple lenders, who will fairly assess your loan application even if you have bad credit score.
Submit your second chance payday loan request for $100 to $1,000 today and if approved, you could see the money as fast as the next business day!