Bad Credit Personal Loans Network of New Lenders Launched by Loans.Net

SAN DIEGO, Nov. 16, 2012 /PRNewswire-iReach/ -- When the financial and real estate markets collapsed in 2008, over fifteen million individuals lost employment and some states faced unemployment rates as high as 25%. The financial meltdown caused undesirable ripple effects and millions were left in a situation where they could not meet financial obligations. These were individuals with stellar credit ratings but were now forced to resign to the fact that their credit scores would never be the same again.                  

Today, almost one in three individuals has serious credit issues, an inevitable deal breaker when applying for personal loans. Unfortunately, these individuals were left without recourse even when faced with emergency financial problems. What was worse, banks and local lenders refused to pay attention to them due to the perceived risk associated with poor credit history.

Loans.net, which specializes in offering loans for a variety of needs, recently launched a new interface focused on providing short term bad credit loans. Almost ten years in the making, the site boasts of a large database of lenders who specialize in catering to individuals with poor credit. "Our lenders understand that even responsible individuals could face credit issues and have special programs in place for short term bad credit loans," says Yonni Rossa, CEO of Loans.net, a service that offers a wide portfolio of bad credit personal loans.

A bad credit unsecured loan is a special kind of loan structured for individuals with poor credit. While lenders can vary in the interest they charge, typically these loans are designed with affordability as a primary criterion.

"With a 50% increase in its lender database and fast bad credit loans of up to $7,500 customers have a win-win situation," explains Rossa.

Loans.net is a virtual shopping mall for bad credit personal loans. The system uses sophisticated calculations to help loan applicants match with a lender who specializes in offering unsecured bad credit loans.

For further information on Loans.net and its various programs for bad credit personal loans, visit www.loans.net

If you would like more information about this topic, or to schedule an interview with Yonni Rossa, please call Yonni at 646-257-4131 or e-mail him at yonni@loans.net

Media Contact: Yonni Rossa, I.D.S International inc, 646-257-4131, yonni@loans.net

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