Bad-Credit Line of Credit

How does a bad-credit line of credit work?

Opening a personal line of credit for bad credit can give you access to money whenever you need it up to a set maximum credit limit. Once you’re approved, you’ll have access to a certain amount of funds that you can borrow from as needed.

Can I get a line of credit with a poor credit score?

Direct lenders at 90 Second Loans can offer lines of credit to bad credit borrowers because our lenders consider other factors in addition to your credit score.

For instance, we look at your employment history, whether you have a steady income, and your overall debts when deciding whether you’ll be able to repay what you borrow.

Can I get a line of credit online?

Yes! Potential borrowers with bad credit can apply for a personal line of credit through 90 Second Loans. 

Unsecured vs. secured lines of credit

Like personal loans, a line of credit can either be secured or unsecured. With a secured line of credit, you provide some type of asset as collateral like a car or home. 

Unsecured lines of credit are not backed by any type of collateral, which means you won’t lose an item of value if you can’t repay the loan. 

What can I use a bad-credit line of credit for?

Whatever you need! Having an open line of credit gives you access to extra money whenever you need it. Make a large purchase, consolidate bills, or take a vacation.

Benefits of opening a line of credit with bad credit

There are many benefits to a line of credit. Here are some:

Quick funding

When you apply for a bad-credit line of credit, you won’t have to wait several business days or weeks to access your funds. Get approved and get your funds as soon as the next business day.

Flexibility

Let’s you borrow money when you need it.

Only pay interest on what you borrow

Pay interest only when you use the money.

Good credit not needed

You do not need good credit to get a personal line of credit. Do not let your credit past hold you back. Even if you have no credit you still can apply.

How does having a line of credit affect your credit score?

If you apply online it will not affect your credit score to see your loan amount and the rate and terms of the loan. There is no obligation. If you change your mind you simply close out the window.

What you’ll need to apply for a line of credit

• Must be 18 years old or older
• Must be a United States citizen or legal resident
• Checking account
• Steady monthly income
• Valid email address
• Working telephone number

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How to get a line of credit with bad credit