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Free Advice On $255 Payday Loans Online Same Day

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Tyrone McLaughl… 23-02-21 10:44 view405 Comment0

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Personal Loan Alternatives Backed by Backed

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Alternatives to Personal Loans Backed by Credit
Backed loans are no longer believed to be in the market. Compare a Backed personal loan with other lenders.
By Annie Millerbernd Lead Writer • Personal loans, "buy now, pay later" loans, cash advance apps Annie Millerbernd is a trusted NerdWallet expert in personal loans. Prior to joining NerdWallet in the year 2019, she worked as an investigative reporter in California and Texas, and as a digital content specialist at USAA. Annie's work has been mentioned by the press and was featured by The Associated Press, USA Today and MarketWatch. She's also been featured by New York magazine and was featured on NerdWallet's "Smart Money" podcast as well as on local TV and radio. She's based at Austin, Texas.





October 16 Oct 16, Oct 16, 2020


Written by Kim Lowe Lead Assigning Editor Consumer lending Kim Lowe leads the personal loans editorial team. The editor came to NerdWallet in the last 15 years, after of managing the content of MSN.com which included food, health and travel. Kim began her career as a writer for magazines covering mortgages food, restaurant and supermarket industries. Kim received her bachelor's degree in journalism from The University of Iowa and a Master of Business Administration from the University of Washington.







A majority of the products featured here are from our partners who pay us. This impacts the types of products we feature and where and how the product appears on the page. However, it does not influence our evaluations. Our opinions are entirely our own. Here's a list and .



Backed, a bank which offered co-signed, low-rate personal loans it appears to not be offering unsecured personal loans. The lender has no longer an online presence, and NerdWallet is not able to reach the business. It is possible to find an individual loan at credit unions, banks and .
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personal loan alternatives to Backed
Online lenders
The online lenders can tailor their individual loans to different types of borrowers. They offer loans to those with good, fair or poor credit and permit borrowing for almost any purpose. Some provide joint personal loans, which are similar to co-signed loans. A comparison of offers can help you get the best rate and also find the loan that has the most benefits.
Here's how a typical online loan looks like:
Credit scores ranging from low to excellent are accepted.
APR range: 6% to 36%.
Loan amounts: $1,000 to $100,000.

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Credit unions
Credit unions are a good first option for members who have bad or fair credit. They look beyond your credit profile and evaluate the status of your relationship with the credit union in order to make the loan decision.
A national credit union, permits members to co-sign their personal loans. Membership is available to anyone who wants to join.
Here's what a typical union loan looks like:
Credit scores that range from poor to excellent can be accepted.
APR range between 7% and 18 percent.
Amounts of loans: $500 to $50,000.

>> MORE:
Compare personal loans
Here are three lenders that you could think about as alternatives to Backed. They all offer co-signed or joint loans. NerdWallet suggests using multiple lenders to compare rates.
The ratings of NerdWallet are based on the opinions of our team of editors. The scoring formula takes into account factors we consider to be consumer-friendly, including the impact on credit score rate and fees, customer service and responsible lending practices.


NerdWallet's ratings are determined by the editorial staff. The scoring formula takes into account factors we consider to be a good choice for consumers, such as impact to credit score rate and fees, the customer experience and responsible lending practices.


NerdWallet's ratings are determined by the editorial staff. The scoring formula takes into account aspects we believe are beneficial to the consumer, including the impact on credit score, fees and rates, customer experience and ethical lending practices.


Est. APR 8.49-35.97 percent

Est. APR 7.99-29.99 Percentage

Est. APR 18.00-35.99%

The loan term is between 2 and 7 years

A loan term ranging from 2 to 5 years

A loan term ranging from 2 to 5 years

Loan amount $1,000-$50,000

Loan amount $5,000-$50,000

Loan amount $1,500-$20,000

Min. credit score 560

Min. credit score of 620

Min. credit score, not e






Banks
The main feature of a Backed personal loan was the ability to co-sign with a person, that is uncommon among bank lenders. One bank allows borrowers to add co-signers to improve their likelihood of approval or obtain a lower rate.
Here's how a typical bank loan will look like:
Good-to-excellent credit borrowers and existing customers preferred.
Variation in APR: 5 to 29%.
The loan amount is $1,000 up to $100,000.

>> MORE:



About the writer: Annie Millerbernd is a personal loans writer. Her writing has been featured on The Associated Press and USA Today.







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