Why the Better Business Bureau is Important

By James Kent


Many folks have had to deal with hard times in this recessionary economy. As bills mount and income falls, sometimes a household, or even an individual, needs a rather large infusion of cash to keep their heads above the financially turbulent waters. Also, the so-called credit crunch has caused many traditional lenders to withhold large personal loans from any but the best-heeled clients. However, many financially troubled borrowers with poor credit ratings are not aware that the Internet offers the services of many non-bank lenders who will accept applications online and are eager to do business with them.

The Better Business Bureau helps you find Non-Bank Lenders. If you are troubled by a poor credit rating and have the need of large loan to get you back on your financial feet, you need to be put in touch with a reputable lender willing to make such a loan in spite of your credit rating. You can find these reputable lenders by checking out the Better Business Bureau (BBB) website business directories. For one thing, the BBB provides a good place to start your shopping for such a lender.

The Better Business Bureau responds to complaints from consumers against any company. A company does not need to be a BBB member for the Bureau to open a file and follow up on a complaint. The advantage that companies have in voluntarily joining the BBB is that they get profiles which rate the company higher if there are no complaints. A company that does not have any complaints against it but is not a member of the BBB will not show up on the website. A company that has nothing but complaints against it will show up as a problem company. But a company that joins the BBB and does not have any complaints will get a high rating.

One of the biggest advantages for consumers who use the Better Business Bureau is that they can see the details of how the company responds to complaints. The website will list exactly how many complaints have been filed, the nature of each complaint and how the company responded. If you see a company with a lot of complaints that have gone unresolved, then that is not the kind of company you want to do business with. The BBB acts as a warning to consumers to avoid certain companies that have developed a reputation for being dishonest.

Be aware that unsecured non-bank loans for folks with bad credit can impart pretty hefty interest rates and fees. But, the economy of today has flooded the markets with many borrowers and lenders which offers a lot of opportunity to shop around and find the best terms, rates, and repayment conditions.




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