SAN ANTONIO, Oct. 7, 2013 /PRNewswire-iReach/ -- Poor credit can seem like a noose around your neck, particularly if you, like many Americans, are dealing with it for the first time. The number of borrowers with credit scores below 600 has climbed to 25 percent since the Great Recession due to the loss of jobs and paychecks, late payments on mortgages, auto loans and delinquent credit cards. That means 1 out of 4 individuals are shut out of the traditional credit markets. To make it worse, many banks have raised their credit score requirements and families are struggling to find the money they need to make ends meet.
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But, one loan matching website, http://www.aaapaydayloan.com/loans-for-poor-credit.html, is continuing to do their part to provide those in need with loans for poor credit. While it's true the loans do cost more due to higher interest rates, many borrowers see them as money savers since they offer alternatives to overdraft fees, bounced checks, disconnections fees and do not require collateral like cars, house or other assets for approval. Basically all the borrower needs to qualify is a job with a consistent paycheck and an active checking account.
"These are extraordinary times," stated AAAPaydayloan.com CEO, Mr. Craig Stewart, "Many Americans are experiencing financial difficulties for the first time in their lives." The Great Recession has certainly taken its toll on consumers and even though the economy is improving it is a slow process as many are still unemployed and under employed. Even when job seekers find a new job it may take awhile to catch up on past due bills and to rebuild credit. So those with bad credit may need a personal loan to help them get back on their feet.
"We're here to help those who cannot obtain conventional loans from the mainstream banks. While we don't loan money ourselves, we have assembled a large network of reputable lenders who are willing to loan to borrowers with credit issues," continued Mr. Stewart, "With one easy and secure online application, a prospective borrower can access hundreds of flexible lenders and receive multiple loan offers. Then all the borrower has to do is choose the best offer. Generally, the cash is in their checking accounts within 24 hours of approval."
According Mr. Stewart, AAAPaydayloan.com is constantly evaluating and adding new lenders and loan programs for borrowers with bad credit. "Our mission is to match our customers with innovative and reputable lenders who can provide them the money they need at the best available terms and rates," said the spokesmen.
To learn more or to apply for a loan, go to http://www.aaapaydayloan.com/.
Media Contact: Craig Stewart, I.D.S International inc, (646) 257-4131, info@aaapaydayloan.com
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SOURCE AAApaydayloan.com
