Low Interest Personal Loans for Bad Credit, Loans.net Launches Loans for All Program (LFAP) Loans For All Program (LFAP) aims to help individuals with credit issues obtain low interest personal loans for bad credit
INDIANAPOLIS, May 16, 2013 /PRNewswire-iReach/ -- Sometimes credit scores nosedive due to unavoidable circumstances, such as a medical illness or a sudden pink slip. Unfortunately, when these individuals apply for a loan, they either face rejection or are asked to pay incredibly high interest rates. For those individuals who are facing credit challenges, there is new hope. Loans.net approached the situation with much ingenuity and developed a new system that offers low interest personal loans for bad credit.
The company announced its initiative Loans For All Program (LFAP) as a potential panacea for credit-challenged borrowers. The goal of the program is to offer low interest rate personal loans at terms that closely mimic the benefits offered to individuals with good credit. Under the auspices of the program, the borrower would need to fill out a short application and the system would handle the rest of the process.
"We have developed a very powerful program to help practically everyone in need of a personal loan. Borrowers can expect to pay low interest rates, irrespective of their credit standing. To lower interest rates irrespective of the borrower's credit status, we worked hard to develop a network of hundreds of lenders. In addition to the lender's capabilities, we negotiated special rates and packages for our site's users to ensure credit issues would not be a barrier," says Yonni Rossa, CEO and founder of Loans.net.
The program is recognized by the acronym LFAP and is truly meant to serve individuals with credit issues as well. Amy, a customer who benefited from her application on Loans.net, shared her experience:
"I lost my job last year and although I did my best to keep up, the bills did get out of control and I finally could not continue making payments. The choice was food or credit, and I opted for survival. This year, I was able to find another job but was turned down for personal loans on practically every single site I explored. Fortunately, a friend recommended Loans.net. I was able to submit the application within thirty seconds and was amazed to obtain a truly low interest personal loan. It was almost as if I had no credit issues. I am genuinely satisfied with my experience."
Loans.net was launched fifteen years ago. The company provides customized loan programs for individuals with credit issues. Founded by Rossa, Loans.net has developed an extensive network of hundreds of lenders who specialize in providing loan programs. Over the past decade or so, the site has been instrumental in serving tens of thousands of individuals and has facilitated millions of dollars in loans. In addition to personal loans, the site is backed by a dedicated team of customer service professionals and a knowledge base of thousands of articles and how to guides.
Media Contact: Yonni Rossa Loans Network Ltd, 646-257-4131, Yonni@loans.net
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