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Viva Payday Loans > Secured Loans – Best Online Loans in the USA

Secured Loans – Best Online Loans in the USA

Did you know that your credit plays a minor role in the outcome of a loan application with secured loans? It’s true! Loans and lousy credit scores dont often go hand in hand, or do they? If you need to borrow money online, but your credit score is causing you sleepless nights, you are not alone. Bad credit can happen to anyone, but quite frankly, life happens and doesnt wait for credit scores to improve instantaneously.

That’s why it’s such a relief to know that credit scores don’t have to get in the way anymore when you need to borrow money. Nowadays, the loan market has many bad credit loans specifically geared for people with bad credit scores. All you need is the collateral to offer against the loan, and the money is as good as yours.  

Collateral could be in the form of your house, car, jewellery, or costly equipment as long as their value covers the cost of the loan, which is good news for those who believe they have limited options when they need to borrow money. You are probably wondering if there are restrictions on how the funds from secured loans can be used?

Here’s the thing – there are no restrictions. Traditionally loans are used for family emergencies or unforeseen expenses. However, secured loans can consolidate your debt, pay for a wedding, home renovations, vehicle repairs, and even moving home. All you need to apply for secured loan is the necessary collateral and meet the eligibility requirements. It seems like your life just got easier with a lot more financial breathing space, doesn’t it? That’s because, with secured loans, it has!

In the sections below, you will learn everything to know about secured personal loans for people with bad credit available through

What are Secured Loans for Bad Credit & How Do They Work?

Secured loans are easy loans online for people with bad credit. They are easier to obtain than other loan types due to the lender’s reduced risk. Why? Because secured loans require collateral for approval, and if you default on the loan, the lender is legally entitled to seize and sell the collateral to cover costs. Another reason secured loans are advantageous for borrowers with poor credit is that the collateral reduces the importance of the credit check during the approval process.

Bad credit secured loans are available through the portal in amounts ranging from $200 to $5,000, and interest rates vary by the lender (and state) but typically range from 5.99 per cent to 35.99 per cent. If you’re considering a secured loan, you can use the following types of collateral: jewellery, automobiles (car, boat, motorcycle), and high-value art.

The monetary value of your asset must be equal to or greater than the loan request amount. Several advantages of secured payday loans for people with bad credit include the ability to borrow slightly more than with unsecured loans, and the interest rate may be slightly lower.

With a secured loan, payday lenders have a legal claim against the assets provided as collateral for the loan. Liens may remain active until a loan is fully repaid. At that point, the lien is released, and the borrower regains ownership of the collateral. The prospect of losing your possessions serves as a motivator to repay the loan and avoid foreclosure.

Secured Loans for people with bad credit at Viva Payday Loans:

  • Amount: $200 to $5,000
  • Term: 2 to 24 months to pay
  • Interest: 5.99% to 35.99%

Borrowing money online and obtaining a payday advance with bad credit is a much simpler process than you might believe. The first step is to submit an online application form and wait for a lender to contact you with an offer. Following that, you simply need to sign the loan agreement and wait for the funds to appear in your bank account.

All that remains is for you to maintain a healthy account balance. Ascertain that you understand the terms and conditions of your loan and the anticipated repayment period in order to make timely and complete payments.

Viva Payday Loans can provide you with access to the most secure and dependable small loans online. Our brokerage specializes in secured personal loans ranging from $100 to $5,000 with a repayment period of two to twenty-four months.

Types of Secured Loans

You can find different types of secured loans at Viva Payday Loans.

Secured Loans Definition

Secured loans are loans that require you to provide an asset as collateral for the loan. The collateral is used as security to offset the risk of the loan. For example, when applying for a loan to buy a car, your new vehicle becomes collateral or security.

It’s vital to remember that if you default or fail to make repayments in secured loans, the lender can repossess the collateral to recover the loan as a last result. This makes secured loans less risky for lenders, and you’ll find that they’re quickly approved.

Secured Loans Meaning

You can use any valuable item as security, including your home, equipment, stocks, bonds, jewellery, machinery, or art. The secured loans meaning is that lenders will offer better deals in terms of interest rates and the amount you can borrow. At Viva Payday Loans, we’ll connect to lenders who offer secured loans from $100 to $5,000 with repayment periods of 2 to 24 months and interest rates ranging from 5.99% to 35.99%.

Secured Loans For Bad Credit 

At Viva Payday Loans, a bad credit score is nothing more than a hiccup to fulfilling your financial needs. Our lenders concentrate on the current facts and not your financial past. They look at your current income and monthly expenses to determine affordability.

Secured loans for bad credit are easy to get. The collateral significantly reduces the risk for the lender regardless of your credit score. Secured loans for bad credit tend to be more affordable, meaning you can quickly repay and improve your credit score!

Secured Loans for Poor Credit

Let’s say you have fair to poor credit, does that mean a loan is harder to get? The lenders on our panel specialise in secured loans for poor credit. They’re more interested in your ability to pay now than what happened in your past. Of course, you will need to prove the affordability of the loan and show that you are earning a regular income.

Secured Loans For Bad Credit Instant Decision

There’s nothing more frustrating than waiting long hours or days to know whether your loan request is approved, especially with financial urgencies breathing down your neck. At Viva Payday Loans, we guarantee secured loans for bad credit instant decisions.

Simply fill our user-friendly online application form in a few minutes and know the fate of your secured loans application within 2 minutes from the moment you click the submit button.

Secured Loans For Bad Credit Near Me

Viva Payday Loans is your best bet if you’ve been searching for secured loans for bad credit near me. Instead of looking for storefronts to access secured loans for bad credit, you get the ultimate convenience of borrowing money online from anywhere in the US!

You have more than one option to access secured loans for bad credit near me. Either download the Viva Payday loans app or use our website and follow the simple steps to apply. Secured loans for bad credit have never been nearer!

Secured Loans No Credit Check

Secured loans no credit check features secured loans approved without a credit check! They’re an excellent option if you don’t want lenders poking into your credit history. Secured loans no credit checks are designed for everyday Americans with an inadequate, poor, or non-existent credit history.

They feature small amounts ranging from $100 to $2,000 and are perfect for you if you need some bridging cash to get you through or pay for small expenses. With security, you can even get lenders who offer up to $5,000.

Secured Loans Online

The best lenders in America have joined the digital revolution in the world of loans. Through Viva Payday Loans, you can borrow secured loans online from the comfort of your home, car, or office. We feature an easy-to-follow online application process where everything takes place online, from application and approval to funding.

Plus, using our user-friendly platform is entirely free. You can easily borrow secured loans online, ranging from $100 to $5,000 from your phone or computer at no extra cost!

Secured Loans Vs. Unsecured loans

Unlike secured loans, unsecured loans don’t require any of your assets as collateral to get approved. Only your merits and affordability influence the lending decision. Lenders will look at your income, monthly expenses, and credit history to determine how well you handle your finances.

When comparing secured loans vs. unsecured loans, you’ll realize that the latter features higher interest rates and limited amounts. This is because, without security, the risk to the lender is more substantial. That’s not to say you can get away with defaulting on unsecured loans. You can face prosecution and get a bad credit history that will limit your future borrowing options.

Secured Loans for Unemployed

Even without formal employment, there’s no discrimination at Viva Payday Loans. Our lenders welcome all eligible Americans and offer secured loans for unemployed borrowers. All you need is to show proof of an alternate form of income and that you receive at least $1,000 in your account every month.

We’ll freely match you with lenders who accept all forms of income. This can include allowances, benefits, pension, rental income, child support, dividends, trust proceeds, part-time and freelance earnings.

Secured Loans Without Proof of Income

Even without formal proof of income, like a payslip, you can still qualify for secured loans without proof of income. At Viva Payday Loans, we’ll connect you to lenders who accept different documents as forms of income proof. These include tax returns, bank statements, or profit and loss statements.

Secured Loans with Collateral

Additionally, secured loans with collateral make it easy to get approved even without proof of income. The collateral reduces the risk to the lender, and ultimately, you’ll be motivated to repay to avoid losing your asset. Ensure you only take out amounts you can afford to repay quickly to prevent risks to your asset and penalty fees.

Secured Loans for College Students

With secured loans for college students, you can borrow a significant amount to help you advance your education, pay tuition fees, buy books or cover college expenses. As a college student, you’re likely unemployed or have no credit history.

However, that won’t matter among lenders at Viva Payday Loans. You can qualify for secured loans for college students as long as you prove affordability through some form of consistent income like regular aid, family allowance, or trust proceeds.

Secured Loans for Building Credit

You can find easy to repay secured loans for building credit among lenders at Viva Payday Loans. They aim to help you improve your credit score if you have a bad or poor credit history or to help you build a credit score if you have a non-existent credit history.

If you’ve never opened a bank account or borrowed, you may have no credit history, and secured loans for building credit are excellent for you. They’ll make or improve your credit score and help you qualify for higher loan amounts and better deals.

Secured Loans for Home Improvements

Home improvement projects can be a costly affair. With secured loans for home improvements, you can get a substantial amount to help you cover the costs of your desired improvements.

At Viva Payday Loans, you can borrow secured loans for home improvements from $100 to $5,000 for those renovations you wish to make to your home. You’ll get repayment periods of 2 to 24 months with interest rates between 5.99% and 35.99%.

Features of Secured  Loans

While Viva Payday Loans is a broker, we present loans from lenders that share similar characteristics. As a result, when you apply for a loan through our portal, the following features are included:

Flexible Repayment Schedules

There is no need to worry about readjusting your finances to accommodate the lenders strict repayment schedules. Lenders want you to be able to afford your secured loan and are not interested in putting you in financial distress. As a result, they will inquire as to when you will be paid. Weekly repayments are possible if you are paid weekly. Similarly, if you are paid biweekly or monthly, you can tailor your repayment schedule to your paydays.

The Loan Terms

When a lender refers to a loan term, they are referring to the number of weeks or months necessary to repay the loan in its entirety. If you require a secured one-month loans due to poor credit, the loan term will most likely be between seven and thirty days, and the maximum loan amount will almost certainly be $1,000. If you borrow a larger loan amount, up to $5,000, the terms of a secured loan can range from two to twenty-four months.

Loan Costs

The total fees that a lender may charge you for a bad credit loan are set by the Consumer Financial Protection Bureau (CFPB) and vary by state. The first cost to consider is the interest charged. Short-term loans, up to 30 days, can carry an interest rate of up to 400 per cent. Interest rates on longer loan terms and larger loan amounts typically range from 5.99 per cent to 35.99 per cent.

Additionally, there is a monthly service fee to consider. Depending on the loan amount, some lenders charge a percentage or a flat fee. The most frequently charged fee is $15, but lenders may charge fees ranging from $10 to $30. Finally, hidden fees are something to keep in mind when applying for a secured loan. Fees that are not disclosed can include early settlement and late payment penalties.

Reputable Lenders with Credibility for Secured Loans

Without a doubt, you want to enter a financial agreement with a lender that treats its customers well, is readily available to answer questions, and is completely transparent about its fees. At Viva Payday Loans, lenders on our panel provide detailed loan agreements that include all fees associated with providing secured loans online for people with bad credit.

When you submit an application for a secured loan through our portal, you will be connected directly to the lender and will have access to all of their contact information. Youre also welcome to research them online – reading online reviews can provide you with all the information you need about a lender.

Next Day Payment

The majority of people who borrow money online are in a financial pinch. Emergencies and unanticipated expenses do not wait, and you should not either! At, bad credit will not prevent you from applying for secured loans online. After your application is approved, you can expect your loan to be deposited into your bank account within 24 hours.

Examples of Secured Loans Near Me

Here’s what to expect when you apply for secured loans with bad credit:

Lender Interest APR Loan Amount Payout
Avant 9.95% to 35.99% $2,000 to $35,000 24 hours
LendUp 30 – 180% $100 – $500 24 hours

The above table includes examples – the figures and rates can change without notice.

Advantages & Disadvantages of  Secured Loans

Online short term loans and signature loans have the following benefits and drawbacks:

Advantages of Secured Loans

Flexible Repayment Options

Secured personal loans obtained through our website can be tailored to your specific financial situation. This means that the lender will review your information and then consult with you to determine the most advantageous repayment option. You may repay the loan on a monthly, weekly, or even bi-weekly basis.

Reasonable Loan Limits and Terms

Some borrowers are disappointed to learn that they can only obtain one-month loans or $100 loans to tide them over until their next payday. When you use our loan-finding website, youll have access to loans ranging from $200 to $5,000 with repayment terms ranging from two to twenty-four months.

Five Minute Application

Applying for secured loans with bad credit is a simple and quick process. You will spend approximately five minutes completing the online application form and learn whether your loan has been approved or denied within two minutes.

Affordability Takes Priority over Credit Score

Individuals with poor credit are eligible for secured loans. As such, various criteria are used to determine whether you are a suitable loan candidate. When it comes to secured personal or payday loans, the lender is more concerned with your income-to-debt ratio than with your credit history.

Money in Your Account by the Following Day

Secured loans for people with bad credit are available through Viva Payday Loans and provide borrowers with instant cash. Loans are typically paid within 24 hours.

Disadvantages of Secured Loans

High Costs

Certain seven- to thirty-day loans carry substantial interest rates of up to 400 per cent.

Are You Eligible for a Bad Credit Secured Loan?

You’ve established that easy loans are available through, but the question remains: do you qualify? If you meet the following criteria, you can apply for a secured loan with bad credit immediately.

  • Minimum age requirement of 18 years
  • Only citizens and permanent residents of the United States of America
  • Government-issued ID
  • Possess proof of address, i.e., rental agreement 
  • A legitimate bank account

How to Apply for Bad Credit Secured Loans

Whether you require bad credit personal loans, no credit check loans, one month loans, $100 loans, installment loans or any other type of short term loan, the process is identical at Viva Payday Loans. Follow the below steps.

Step 1: Arrange Your Paperwork

The following supporting documents are standard requirements when applying for a loan: Proof of address (utility bill), bank statements, copies of ID, and pay stubs. You will need to have all of these documents ready to forward on request. It’s best to get these documents together before filling out the online request form at 

Step 2: Take Five Minutes to Fill out the Application Form Online

Click Apply Now and complete the quick and easy online application form with your loan and personal information. Once you hit Send, it takes two minutes to hear whether a lender will be able to help you. You will be notified immediately even if the lender cannot help you. Applicants who qualify will be sent directly to the lenders online portal for assistance.

Step 3: Review the Agreement and Collect the Money

After being transferred to the lender’s website, you will be presented with the bad credit personal loan information. This should indicate the maximum amount the lender is willing to lend you (which may be less than your initial request), the interest rate, and any associated fees.

It’s critical to read the entire proposed agreement thoroughly to ensure that you don’t miss anything fundamental in terms of conditions, interest rates, or anticipated payment schedule. If you are satisfied with what you read, all that remains is for you to add your digital signature to the document and ensure it is returned to the lender. There is only one thing left to do – sit back and await payment. Lenders typically deliver on their promises within 24 hours.


Can You Have More Than One Secured Loan?

You can, but this depends on the lender’s rules and if they will allow you to have multiple loans with them. Ordinarily, you will be required to have paid off part of your original loan before you can qualify for another loan with the lender. In addition, lenders will review your payment frequency and review your debt-to-income ratio (DTI) when you apply. Applying for multiple loans boils down to affordability. Borrowing more money than you require will increase your monthly payments and the total cost of your loan. It could also leave you in the never-ending cycle of debt-funded capital, making it difficult to pay off your debts.

Can I Appeal if My Loan Application is Rejected?

Before going down the appeal route, its best to understand the reasons why your loan application was rejected in the first place. Often the reasons are pretty simple, and with a few tweaks and patience on your part, fixable. Firstly check your credit report for any errors. Common mistakes include incorrect information regarding address, late payments, unpaid bills. Perhaps you dont have enough equity in the assets you are using as collateral for the loan. Or, your debt-to-income ratio may be too high to allow for additional borrowing. Not having proof of income or applying for too much money or the wrong loan can also be valid reasons for a loan application to be rejected.

Do All Loans Have the Same Loan Periods?

Each loan will have a specific loan period determined by the type of loan and the amount borrowed. Short-term loans have varying loan periods that range from 7 – 30 days or 2-24 months. For example, $100 loans usually fall into the 7-30 day bracket, with larger payday loans of $5000 typically having more extended loan periods of up to two years.

What is Collateral, and How is it Used?

Collateral is a collective term that refers to assets with a resale value used as security against a loan if a borrower defaults on their loan payments. This provides lenders with a legal claim to seize these assets to defray loan costs. The use of collateral is the reason why secured loans are much easier to obtain with a bad credit history.

Who Can Act as a Guarantor?

You can ask a family member, friend, or colleague to be a guarantor on your loan application. However, a guarantor needs to be a US Citizen or have residency rights in the USA. They will also need a good credit score and demonstrate that they can pay the loan if you are unable to. It’s important to note that if you default on the loan repayment or miss a payment, this will affect the guarantor’s credit score.

What Type of Loan Should I Apply for if I Only Need $1000?

Payday loans for people with poor credit are available in amounts up to $1,000 or $2,000, depending on the lender. Small loans of around $1000 are typically repaid over a period of 7 to 60 days. Who can act as a guarantor on a secured loan?

How Long Will I Have to Repay My Secured Personal Loan?

Your loan period begins once the loan amount has been deposited into your bank account. Your first payment will be made via automatic debit 30 days after that date. Following that, you will have between two and twenty-four months to repay the loan, depending on the amount borrowed.

Are Individuals Who Have Filed For Bankruptcy Eligible for Secured Loans?

If you are in the midst of a bankruptcy proceeding, you cannot apply for any type of personal loan without first obtaining official court approval. If, however, your bankruptcy has been finalized, you may apply for a secure personal loan.

Is a Secured Loan for Bad Credit Harmful to My Credit Score?

No, secured loans for bad credit are not detrimental to your credit score unless you default on your loan agreement or miss payments. If you maintain a positive balance on your account, your loan may even help you improve your credit score.