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2014

Bad Credit Personal Loans Cap Raised Again, Personal-Loan.com Announces New Limit

Personal-Loan.com announced its plan to raise the cap on bad credit personal loans to up to $10,000

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ROCHESTER, N.Y., May 13, 2013 /PRNewswire-iReach/ -- At a time when lenders cringe to offer bad credit personal loans, Personal-Loan.com announced that it would raise the cap further and enable borrowers to obtain as much as $10,000 in personal loans. This move is a nearly 25% increase from the company's previous cap of $7,500. The initial cap, though high to begin with, was insufficient when borrowers were faced with emergency medical expenses or other high ticket item purchases.

In response to consumer demands, Personal-Loan.com announced its plan to raise the cap to a higher amount. "It is about time borrowers get a 'real' second chance. With nearly $10,000 at their disposal, the possibilities have increased exponentially," says Matthew an internal loans analyst with Personal-Loan.com.

In an effort to increase the bad credit personal loan cap, Personal-Loan.com worked on multiple levels. From fortifying relationships with existing lenders to developing new alliances, a powerful team of loan experts have been working on the initiative for nearly nine months. A special list of bad credit personal loan lenders worked closely with the team to revamp internal systems and make the process seamless for borrowers.

"Our goal is to help our site's users obtain the best possible solution for their short term financial needs. With nearly $10,000 available for bad credit personal loans, borrowers can now work on their borrowing needs with much ease. It would be pointless to offer a small cap loan at a time when financial needs could be unpredictable. We have worked very hard to create a solution that truly benefits consumers during times of financial emergencies. Furthermore, the packages are designed to benefit consumers, irrespective of their credit standing," says Lisa Stinson, CEO of Personal-Loan.com.

"I was suddenly diagnosed with a medical emergency and needed extra cash not just to fund some aspects of key procedures but also a cushion amount that I could fall back on during the period of recovery. Due to previous credit issues, I was unable to get approval from most lenders, but fortunately Personal-Loan.com helped me tremendously. With nearly $10,000 at my disposable, I can focus on my recovery without worrying about short term bills. Kudos to the Personal-Loan.com team," says Anna Smith, who recently applied for a bad credit personal loan at Personal-Loan.com.

About Personal-Loan.com

Founded nearly fifteen years back, Personal-Loan.com focuses on providing short term bad credit personal loans to a wide range of individual and business customers. During the past fifteen years, the company has empowered tens of thousands of individuals and has facilitated millions of dollars in personal and business loans. A wide range of lenders empower the Personal-Loan.com loan network and help customers with their borrowing needs.

The process of obtaining a personal loan is relatively simple. The customer simply fills out a short application form and the system takes care of the rest. Multiple lenders offer quotes and make an effort to help consumers.

For more information and to request a quote, visit http://www.personal-loan.com/get-a-personal-loan.html.

Media Contact: Lisa Stinson, Personal-Loan.com inc, (872) 222-9076, info@personal-loan.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Personal-Loan.com inc



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