The best alternative providers for short-term loan connection services.
Since 1998, BadCreditLoans.com has been an online source for quick cash loans. Rather than offer loans itself, BadCreditLoans.com connects you with a lender in its network that fits your needs. Its network lenders have terms between 3 to 36 months and offer loans between $500 and $5,000.
BadCreditLoans.com isn’t a direct lender. This means the information you enter on the site is shared to affiliates after you’ve completed your loan. However, it can make the process easier by showing you a lender that fits with the criteria you outline on your application.
This process is normal, and all of the similar lenders listed below work in a similar way.
- Easy-to-meet eligibility criteria.
- Loans can be used for a variety of purposes.
- Large loan amount of up to$5,000.
- No minimum monthly income required.
- Consumer information on scams.
- Follows a Responsibility Pledge.
- Must have a phone number, email address and checking account.
- Your personal information may be shared with third parties.
Like BadCreditLoans.com, CashUSA connects you with potential lenders by scanning your application and connecting you with relevant lenders in its affiliate network. Its loan terms are longer than those from BadCreditLoans.com, ranging from 90 days to 72 months. It also has a significantly higher lending limit at $10,000.
The lenders in CashUSA’s network require borrowers to have a minimum income of $1,000 after taxes. This can be a hard qualification to meet for many, and some lenders may not consider income from a spouse or other household member when underwriting your loan request.
CashUSA offers free resources in its education center that covers debt, credit, finances and banking. These are meant to help borrowers learn about the borrowing process and how to effectively pay back loans. Its education center, along with the long loan terms and large loan amounts offered by its affiliates, sets CashUSA apart from the competition.
2. Slam Dunk Loans
Slam Dunk Loans has lenders in its network that offer short-term loans between $100 and $2,500. Its lenders require borrowers to be employed and have a minimum monthly income of $800.
Slam Dunk Loans has a lower minimum of $100 so you can borrow as little as you need. Other providers that have higher minimum loan amounts may force your hand, trapping you in a cycle of debt that can potentially impact your credit.
Unlike BadCreditLoans.com that can connect you with lenders offering loans between $500 and $5,000, Slam Dunk lenders offer less at $100 to $2,500. This can be great if you’re looking to borrow a small amount, but if you need more, it’s best to compare other providers.
HonestLoans is a lender-connection service with transparency that reflects its name. HonestLoans makes it clear that it isn’t a lender and may be able to redirect you to a lender that may be able to cover your financial needs. The site design is simple and easy to navigate.
Its application page includes links to disclosures regarding lead generation so you know how your information will be used and what to expect when you’re connected with a lender.
It only offers installment and personal loans between $400 and $2,500, so if you’re looking to borrow more, you’re better off checking out BadCreditLoans.com or another provider.
Unlike BadCreditLoans.com and several other providers on this list that offer financial education resources, HonestLoans has a very sparse website with only a handful of pages to inform potential borrowers. BadCreditLoans.com is much more comprehensive and has information on common scams and different types of loans you may be able to borrow.
LendYou is a connection service that helps borrowers find lenders offering installment loans up to$15,000. It is a member of the Online Lender’s Alliance and has a variety of loan types to work for every person’s individual needs.
LendYou doesn’t limit its connection services to just lenders of installment loans. You can apply for a payday loan as low as $100 or a personal loan as high as $15,000. However, personal loan options are only for people with fair or better credit.
Loan terms aren’t stated on the site. While you can apply for an installment loan, you won’t know the potential terms until you’re connected with a lender. This makes it harder to gauge how much you’ll need to budget for your repayments.
5. Swift Money Loan
Swift Money Loan is a connection service operated by Pomo One Marketing, a tribal lending operation. Its lending affiliates offer loans between $200 and $1,200. Unlike BadCreditLoans.com, Swift Money Loans lends through a tiered process. First-time borrowers are limited to a lower loan amount. As you repay your loans, you’re rewarded with higher loan amounts and better terms.
Because Swift Money Loan is run by a Native American tribe and has tribal lenders in its network, you may be able to find an installment loan in a state that may otherwise not allow them.
If you’re looking for a connection service that explains the borrowing process and how lead generation works, Swift may not be the right option for you. Its website only has the basic information you’ll need to start the loan process.
6. Cash Advance
In business since 1997, Cash Advance is a tribal connection service under control of the Ute Indian Tribe. Although some lenders in its network may offer longer loan terms of multiple months, many other terms more closely resemble payday loans.
Lenders with Cash Advance only offer loans up to $1,000, so it may not cover any larger expense you’re facing. Harder still is meeting the minimum monthly income requirement of $1,000. If neither of these suit you, look elsewhere for a loan.
Have a question? CashAdvance.com has an extensive FAQ section, information about scams and pages about state laws to help you make an informed decision. It also has affiliate lenders across the US so you can get a loan no matter where you live.
TriangleCash is a lender connection service that offers loans from $100 to $1,000 — significantly lower than BadCreditLoans.com’s high $5,000 limit.
TriangleCash has affiliates in a majority of US states, and its network includes both tribal and nontribal lenders. Plus, unlike many of its competitors, it lists its marketing partners so you know who has access to your personal information.
TriangleCash doesn’t display possible loan terms offered by its affiliates. It also doesn’t have a contact phone number listed, which means if you have a question, you’ll need to email and wait for a response.