Relocation Assistance Loans for Bad Credit Near Me

What are relocation loans for bad credit?

Relocation loans for bad credit are specifically designed lending solutions for borrowers that may not have the most impressive credit history, but need to finance a move. 

Relocating is often an exciting time, whether you’re moving down the street or across the country - a fresh start is usually a welcomed event. Moving can come with a host of expenses though, making it an equally stressful time if you do not have the savings to fully fund all of those expenses. This laundry list of expenses can quickly pile up between packing supplies, replacing items or furniture that need to be left behind, a deposit or downpayment, movers or a moving truck, travel expenses for long distance moves, and so much more. 

Depending on how far you are moving and how much stuff you will need to transport, just the physical move itself could end up costing hundreds or even thousands of dollars. All of these expenses can be financed with a relocation loan, even if you have bad credit. While most lenders do prefer to work with borrowers that hold a good credit score, some lenders do specialize in finding solutions for bad credit borrowers, especially if there are other aspects of your financial profile that shine brighter than your credit score. This can be a combination of high income, low debt-to-income ratio, length of job history, or other financial factors. Lenders may also offer secured loan solutions for bad credit borrowers that need to finance a relocation. 

How do you find the best relocation loans for bad credit?

At Acorn Finance you can check personal loan offers with no credit impact. If you’re just starting to entertain the idea of a relocation loan or you’re ready to commit, we can help you find the relocation loan offers that best align with your financial goals and budget. The search for a loan can be exhausting and stressful - but with Acorn, it does not have to be. Finding the best relocation loans for bad credit can be as simple as filling out our prequalification form and comparing your personalized offers side by side. 

Are relocation loans for Bad Credit worth it?

Often, when considering any bad credit loan, it’s because we do not have many other options available. Bad credit borrowers are typically subject to the highest interest rates, ultimately making your move more expensive than it would be if it was self-funded or if you had better credit. 

While you may be able to get a no credit check moving loan, the options are likely even less desirable. Pawn shop loans, payday loans, and vehicle title loans are all ways that you can get a moving loan with no credit check, but they often come with predatory interest rates, lower loan amounts, and shorter repayment periods. Always read all of the fine print before committing to a no credit check moving loan.  

Knowing the pros and cons of personal relocation loans for bad credit can help you decide if relocation financing is worth it in your particular situation.