Bad Credit Loans
What is a bad credit loan?
Bad credit personal loans are for borrowers with low credit scores. Interest rates can be higher, payments are repaid in monthly installments. This bad credit loan is unsecured, you don’t have to pledge your car or your possessions. Your credit score, credit report, debt, income and banking history are determining factors in approval. There is no cost to apply with this lender.
Does a low credit score affect ability to get approved for a loan?
If you have a low credit score, 300 to 629, FICO you may or may not qualify for a personal loan, it could lower the likelihood of approval. This bad credit loan may be higher interest rate. Learn all you can before you apply.
Bad Credit Credit Card
You might want to apply for a bad credit credit card, depending on your circumstances. This card does not require a security deposit, Bad Credit Credit Cards