Although you’re applying for a bad credit loan, which otherwise means no credit verification, this doesn’t mean you don’t have to supply your potential lender with any information. You’ll be asked to provide your relevant information, as well as your employment history and necessary bank information in order to set up the automatic deposit. Once your form is fully completed and you’ve provided the necessary information, a potential lender will be capable of reviewing your application within minutes. If and when approved, you’ll be redirected automatically to a new page where your contract will be displayed for your signature. It is highly recommended that you take the required time to fully read and review your contract, including the fine print.
Now, it is important to keep in mind that actual time between acceptance and deposit is variable. Generally speaking, a lender can send you the funds within one to two days, which is pretty fast. Only certain lenders have the capability of transferring your loan within 24 hours and this is an exception to the rule. It is highly recommended that you apply for your loan early on during the day and during business hours. This way, you’ll avoid the banks closing times.
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