12MonthsBadCreditLoans Review

Relatively new in the market, but already making buzz. When it comes to monthly payday loans, they are regarded as a reliable funding source. Fast application process, instant approval and repayment request option is available with this lender. We give them 9.6 out of 10.

Service profile:

12 Months Bad Credit Loans in recent months has been successful in terms of attracting a good number of people to apply for a payday loan. With 24/7 online service, it does not ask for credit status. A borrower even with a bad credit can simply fill out the form with personal, employment and banking details on 12MonthsBadCreditLoans, and ask for a loan amount up to $ 1000. Generally, they verify the details and approve instantly. That means the loan amount is credited to applicant’s bank account within one day of application. During the weekend and holidays, at 12MonthsBadCreditLoans, it takes the next business day to get the cash. They also offer a repayment request option, which is easy to opt if you need to extend your payment time. On the payday, the loan amount is debited from the same account with convenience. With a 256-bit encryption technology, they seem to be setting high standards of confidentiality while it comes to the applicants’ information.

Loan Application Information

Terms of Repayment:

12MonthsBadCreditLoans provides a maximum loan amount of $1,000 for a maximum period of 30 days. However, if you think you cannot payback by the time, you can apply for repayment. Repayment time of the payday loan, or simply extending the payment day, at 12MonthsBadCreditLoans is possible with ease. When your payday is less than a week, you can apply for repayment, which would spare you time until the subsequent pay date. The amount would be debited from your account on the subsequent payday automatically. You can request extension for maximum twice with the same loan, which should be less than 10 weeks in total. 12MonthsBadCreditLoans charges $30 for every $100 borrowed and the APR generally ranges between 365.00% and 1564.28%. All the fees charged are in accordance with the national and state regulations. In case of insufficient payment funds in your bank account, you are charged a NSF fee of $20 on each returned payment. If you forget your payment due date, you can seek assistance from the 12MonthsBadCreditLoans customer service team.

In terms of customer satisfaction, 12MonthsBadCreditLoans seems to be on par with other major payday loan lenders in the US market. The interest rate is definitely competitive, and at any point of time, it can be trusted with its services. In the FAQ section thy have addressed the important questions borrowers generally have. Apart from that, they are readily available at support@12monthsbadcreditloans.com for support and feedbacks.