5 Best Loan Matching Services of 2022

Quite often, you might find yourself in need of some quick cash. Sadly, securing a loan from conventional financial institutions with bad credit can be challenging.
Quite often, you might find yourself in need of some quick cash. However, there are platforms where you can get instant cash loans even with a poor credit score.

Unlike conventional loans, these short-term loans are easily accessible, and you can apply online and get approval without a credit check.

Below are some of the 5 best loan matching services of 2022.

5 Best Loan Matching Services of 2022

1. Viva Payday Loans

Viva Payday Loans is the leading loan pairing platform in the United States. Borrowers can secure instant payday loans at vivapaydayloans.com, with loans ranging from $200 to $5,000 and payment plans between 3 to 24 months.

The application process is simple (it takes just about two minutes to get a response on whether your loan application has been approved or not) and can be done online.

Upon approval, the platform matches you directly to lenders who can offer you a personal loan regardless of your credit history. The lender will ask for additional information, such as proof of income, address, and bank statements.

After going through the loan terms and signing the agreement, the lender will deposit the loan amount to your bank account. Loan repayment is through automatic monthly docking.

On the Viva Payday Platform, you can qualify for a loan even if you’re jobless, a welfare recipient, you have poor credit or no credit at all. Different lenders give loans at different interest rates. However, most lenders on the site offer loans at interest rates that range from 5.99-35.99%.

Pros

• The application and approval process takes less than three minutes.

• Loan amounts range between 200 to 5000 dollars.

• Same day payouts.

Cons

• Viva Payday Loans is not available in all states.

2. Heart Paydays

This U.S based platform offers loan pairing services to borrowers interested in taking out loans to sort out their financial emergencies. It takes less than five minutes to fill out a loan application online and secure a loan on Heart Paydays.

Heart Paydays is very inclusive as it offers an opportunity to those disregarded by other lenders. Once your loan is approved, it takes between one and twenty-four hours for the money to reflect in your account.

Heart Paydays offers loans even to those with bad credit scores or the unemployed. The loan matching service’s primary focus is connecting borrowers who need payday loans, usually ranging from 200 to 2,000 dollars payable within sixty days. If you need more, there’s a 5,000 loan with a repayment plan of 2 years.

Heart Paydays’ focuses on temporary loans with low Annual Percentage Rates (APR). Lenders offer competitive rates on this platform, with the highest APR being 35.99%.

Pros

• No paperwork or phone calls.

• Money transfer into your account takes 1 to 24 hours.

Cons

• Some lenders have high fees.

3. Credit Clock

Credit Clock pairs borrowers with reputable lenders, offering emergency loans, bad credit payday loans, and payday loans. All individuals are welcome to apply, even those with bad credit scores.

Credit Clock is ideal for borrowers who need quick financial assistance as this loan matching service responds to your loan status quickly. However, please note that you must meet the minimum income requirement to continue the loan application process.

Some of the loan eligibility criteria include US citizenship, and you must have attained at least the age of 18. Some lenders require you to present proof of income and residency in the process.

Pros

• Disbursement of funds in 24 hours or less.

• Those with poor credit can apply.

• Fast approval process.

• U.S permanent residents above 18 years are eligible.

Cons

• You must meet a minimum income requirement of $1,000 before proceeding with the application.

4. Money Lender Squad

This is an excellent option for individuals in need of a payday loan. Many borrowers prefer the money Lender Squad because it features low-interest rates with no warrantor to citizens of the United States.

Those with bad credit can also apply for loans, but with a loan term of 60 days to 24 months. This loan matching service also accepts borrowers rejected by other cash advance platforms.

Money Lender Squad only considers whether you can repay the loan, so your credit score isn’t their primary concern. Money Lender Squad includes an online form that borrowers must fill out and submit.

The entire process is electronic, and you’ll only have to wait for a couple of minutes to receive feedback. Once Money Lender has matched you with a lender, reputable loan providers will reach out to you and present you with the loan terms.

Pros

• Extended loan period.

• Effective customer service.

• Straightforward and quick application process.

• No guarantor is required.

Cons

• High-interest rates on poor credit scores.

5. Very Merry Loans

Like the others we’ve discussed, Very Merry Loans connects successful applicants with leading lenders in the U.S. Those with bad credits are also eligible to apply for payday loans through this loan matching site.

The loan matching service matches loan applicants within a few minutes, so you rest assured of feedback in a couple of minutes. Once approved for a loan, you will receive your loan amount in 24 hours.

You must be a U.S. citizen above 18 years to be eligible. There’s also a minimum income requirement of $1,000 monthly, and some lenders usually need proof of identification or residency, so considering these will save you from disappointments.

Very Merry Loans has a straightforward lending technology that presents applications to a panel of well-known and vetted lenders to formally and formerly offer loan requests.

Besides, this loan matching service offers loans between $200 and $5,000, so feel free to apply any loan amount within the stated range.

The loan repayment terms range from 7 to 31 days and more extended periods of 24 months. Make sure you have gone through the loan terms before signing to avoid any surprises.

Pros

• Extended loan term for considerable loan amounts.

• An average APR from 5.99% to 35.59%.

• Poor credit and unemployed applicants are eligible.

Cons

• High-interest rates for short-term loans.

• You must be a U.S citizen to apply.

Bottom Line

Minor mishaps can lead to significant financial stress, so it would help to seek financial assistance from reputable loan matches services.

However, you can still choose from any of the listed services as they’ll also connect you to reputable lenders in no time. Viva Payday Loans is one of the best you can opt for.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes