Get loans for bad credit risks from 1 Hour Direct Loans. You can get money fast from 1 Hour Direct. 1 Hour Direct, like the other unsecured bad credit signature loan lenders that are recommended here, offer you the opportunity to get money fast. They can usually provide you with cash almost instantly. Typically, and of course, this varies lender-to-lender, they can get cash into your bank account the very next business day.
Like other lending networks, 1 Hour Direct works with a series of lenders. So what sets 1 Hour Direct apart from the other lending companies is the amount of time that you have to repay the loan? Some of the lenders in the 1 Hour Direct network of lending institutions are willing to offer a repayment period of three months. In some instances, lenders in this lending network may even be willing to allow you to borrow the money even longer than that.
Summary:
Advantages of 1 Hour Direct Loans
- Get cash without any collateral
- Get money overnight, sometimes in as little as 1 Hour
- Potentially longer repayment schedule than payday loans
Disadvantages of 1 Hour Direct Loans
- Potentially High Fees
- Typically Limited to $1500 for 1st Loan
1 Hour Direct works with a large network of lenders who offer loans for bad credit risks. These lenders understand that you need to get cash fast. They can help you to get money quickly, usually within one business day. Having a large network of lenders will help you to be able to obtain the best pricing on your loan. Usually, pricing is the biggest issue regarding loans for poor credit risks. All you have to do is enter some very basic information and the 1 Hour Direct system will scour their network in search of the right loan for your particular circumstances.
Short-term Unsecured Loans
One of the best things that this network offers is a longer repayment period. Many of the unsecured loans for bad credit lenders require that you repay your loan in a very short period. Usually the loans are due to be fully repaid within 31 days. Furthermore, those lenders usually require that you make interest payments every time you get paid. So they usually require payments within two weeks. Many of the lenders in the 1 Hour Direct network allow you a much longer repayment period. Most of the lenders will give more time to repay your loan than other lenders. Having more time to repay the loan means that you have more time to get back on your feet, financially. Obviously, that can be a great help.
How Much Money Can You Borrow?
As we’ve indicated already, the lenders in the 1 Hour Direct network can help you to get cash fast. They offer direct loans servicing those people who are seeking a few hundred dollars to help them to make ends meet. You can get loans through lenders in this network from as little as $100 to possibly as much as $1500. But these lenders work with those people who have a difficult time obtaining cash any other way. So these loans for poor credit risks are expensive. You can read more about that in the “How Expensive Are These Loans?” section below.
What Can You Use The Money For?
Obtaining a loan through this lender can help you to get money fast, but what can you use the money for? Loans through 1 Hour Direct may be used for any reason at all. Most people think of these loans for poor credit risks as a way to pay off short term issues, like rent or utilities. Some people might think of these as consolidation loans for bad credit risks. While you could use the money to help to pay off other debts, we do not advocate using these loans as debt consolidation loans. Bad credit risks should not use this money to try to pay off other debts. The reason for that is simple. The cost of these types of loans is prohibitive. More on that later. Therefore, you should not think of these financing instruments as car loans for bad credit risks, or student loans for bad credit risk, or even home equity loans for bad credit risks. You can probably get better terms for those types of loans elsewhere. These types of loans will allow you to get money fast, but the terms are expensive, so they should be your last option.
Warning: These Loans Are Expensive
Sure using this lending network will allow you to get money fast, but you need to be mindful of the expenses that are associated with these types of loans. Fees and interest rates that are charged by these lenders. 1 Hour Direct offers direct loans, in the same market as payday loan lenders, like My Cash Now. Payday loan lenders charge considerable interest and fees for their loans. If you go to mycashnow.com, you can see a table which depicts just how much money they would be charging for the privilege of borrowing money from them.
They explain it to you in actual dollars spent as well the annual percentage rate of interest that you will have to pay. They even let you see how much you will have to pay based upon how long you borrow the money for. That particular lender, My Cash Now, limits the amount of time that they let you borrow money for. They only allow you to borrow money for 31 days. But when you look at their chart, you will get a good idea as to how expensive these types of loans can be. While the lenders in the 1 Hour Direct network might be able to offer you better terms than mycashnow.com can, the money that you borrow through that network is still probably very likely going to be quite expensive. When you submit a loan request through their website, they will search through their network to find you the best loans for bad credit that they possibly can.
1 Hour Direct Review Summary
Thus, when you look to these lenders for bad credit risk in order to help you to get money fast, remember that these lenders offer direct loans servicing those who are seeking loans for poor credit. These individuals probably are unable to get loans elsewhere. You should not consider this unsecured loans for bad credit network (or mycashnow.com or any other of these types of networks) before you have exhausted every other possible avenue to get money fast. Thus, while we recommend 1 Hour Direct as a resource for those seeking loans for poor credit risks, we strongly suggest that you do everything that you can to get your financial house in order so as to avoid these types of pricey loans. However, if you have exhausted all other possible, and need to get cash fast, 1Hour Direct is a good option.
