PHOENIX, Nov. 14, 2012 /PRNewswire/ -- PersonalLoansForBadCredit.net, the leading online comparison service for poor credit loans, announces that it has introduced a number of new lenders into its network. The service is independent and connects consumers completing the easy 2-minute online application to a circle of reputable lenders.
According to the information provided by an applicant into the site, its system scours its extensive database to choose the best suited lenders. Each company has its own range of unsecured personal loans, products and interest rates and consumers are given a range to choose from. It is free to use and totally confidential, secure and private to complete the two-minute online application.
A spokesperson for PersonalLoansForBadCredit.net made the announcement.
"We have decided to widen the net of our database by working on establishing new relationships with respected bad credit lenders. The result is our new network, now with scores more companies competitively priced products and the ability to approve and pay out loans within 1 – 24 hours."
On being asked if a consumer's credit history needs to be disclosed, the spokesperson was keen to dismiss this as a requirement.
"A borrower need not declare any such information with us in our application form. A consumer's previous credit scores are irrelevant to us and our affiliated lenders. We assume that every applicant in fact has the type of credit background that would not stand up well to credit scoring. That's why we simply do not force applicants to undergo scoring, which can be detrimental to their approval."
The spokesperson continued by stressing that PersonalLoansForBadCredit is an independent aggregator.
"We are not lenders and we cannot give any promises that applications will be approved for a fast cash loan. However, our lenders enjoy some of the highest rates of approval around and can deliver some of the widest options for loans online."
"One of the best aspects of our service is that we put the prospective borrower into the driving seat by giving them the choice. They can conduct as many free searches via our site as they wish until they find the right combination of lender, rate and loan amount they are seeking."
To apply online or learn more, go to: http://www.personalloansforbadcredit.net/faq/