Approved on a blackboard.

Need 15000 Dollars Now?

If you need 15000 dollars with no collateral, what you need is a personal loan. Luckily, we make it easy for you to get a quote for just that. It takes just a minute to get your answer and you can do it all online. Ready to get started? Let’s Go!

Let’s Get Started!

How To Get $15,000 Now

Even with bad credit, you may be able to secure a high dollar amount loan from one of our lenders. This is the great thing about working with a lending network such as ours. More lenders means more chances to get an approval. When you have bad credit, this is particularly important because some lenders are more stringent with credit requirements than others. Let’s take a look at how you go about getting the $15,000 that you need.

Quote process to get $15000

Step One: Fill Out Your Quote Form

Take just a minute or two and fill out your quote form, located at the top of this page. Be sure to enter your information in accurately and double check it. The form will ask for your contact information, income information and will also ask for your bank details. It does this because your lender, if approved, will wire the money directly into your account. This gives you quick access to your loan funds.

Step Two: Submit Your Quote

When you are done entering your money, simply submit your 15,000 dollar loan request. Agree to the terms and hit submit and the whole process gets under way. If you are to be approved, you will know quickly. Within just a few minutes in most cases. You will then be presented with a loan offer.

Step Three: Review Your Offer

Now, it is time to review the details of your $15,000 loan offer. Your lender is required to provide you with all of the details of the loan. Be sure to note the interest rate and the amount of your payment. Also take note of the loan length or term. Finally, review the total cost of credit. This is the dollar amount that it will cost you to finance your loan if you carry it to term.

Step Four: Accept Your Offer

If you like the details of your loan, simply accept the offer. If you do not like the terms, simply walk away with no obligation.If you accepted, your lender may need to contact you for additional information or clarification. In any case, the lender will work to get you your loan money just as soon as possible.

Step Five: Get Your Money

When everything is completed, your lender will electronically deposit the money you need straight into your account. You can then use it for whatever you like.

Secured Verse Unsecured Loans

There is a big difference in secured and unsecured loans.Take a look at the basics.

Secured Loans

With a secured loan, the lender has a stake in the property being financed. This means that if you were to default on the loan, the lender could seize the property and sell it to recoup all or part of their losses. A common example of a secured loan is an auto loan. Default on an auto loan and the lender can take your vehicle and sell it.

Unsecured Loans

With unsecured loans, the lender has no interest in whatever you buy with the money. Default on the loan and they have no rights to seize any property, although they can sue you for the money and put negative marks on your credit report. If you are looking for a $15000 loan with no collateral, your loan will be an unsecured loan.

Alternatives To A Loan

Before you make the decision to commit to a loan, especially a high amount like a 15000 dollar loan, you need to look at your situation and your alternatives. Is a loan the right thing for you and are there other sources of money.

Do You Need The Money

First, you need to look at whether or not a loan is the right thing for you. What will you be using the money for? The last thing that you would want to do is to get in debt for a vacation or something frivolous but there are many situations where a $15,000 loan is advisable.

One great reason to take out a loan is to consolidate other debt. Many people will take out a large personal loan and use it t pay off high interest credit cards. The result is often a lower overall payment and quicker reduction in debt.

Another good use for a loan might be to pay for a wedding. This money might not go for anything tangible but might help create memories that are priceless.

Are There Other Ways To Get Money

Now, let’s look at whether there are other sources of money. When you are talking about high dollar amounts, there are probably few other options of money, but you should still look for alternatives.

One alternative to a loan could be your 401K. If you have one, you could borrow against it with very low payments and interest that is paid back to you.

Can You Afford The Loan

Finally, you need to look at whether or not you can afford to take out the loans. Look at what the monthly payments would be on a $15000 loan and see if they fit into your budget.

Will you be able to meet the obligations of your loan and make your payment on time. A payment for a large loan with bad credit will probably come with a higher than normal interest rate.

Other Bad Credit Loan Considerations

Bad credit loans come with their own unique characteristics and details. Because of this, you might have some questions. We are here to help.

  • What can I use the money for?
    Whatever you want. Use it for a wedding, to start a business, buy a four wheeler, get out of debt, etc. Be wary of loan fees however and make sure that the cost is worth the benefit of the loan.
  • How hard is it to get approved with bad credit?
    This depends on how bad your credit is. We can not guarantee that you will get approved but it does not cost you anything to find out.
  • Is it hard to get a loan without collateral?
    Unsecured loans with no collateral are a bit riskier for a lender. They have less ability to recoup their investment if the loan is defaulted on. As such, they may be a bit harder to get than a secured loan with collateral.
Posted by

James Car is a finance, loan and budget expert based in the United States. After attending Brookhaven college, he went on to become a successful entrepreneur. He now enjoys writing articles that help people save and make the most of their money.