You do escape the lengthy application process it normally takes to purchase, and the extremely
tough credit qualifications — which of course can make the difference between getting a deal, or not.
Because of the rough economy that has placed many Americans in a
tough financial situation, and because traditional lenders such as banks and
credit unions have tightened up their
qualifications for borrowers, many private lenders have stepped forth in response to this growing market of bad
credit borrowers who need a large unsecured bad
credit personal loan.