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However, like other bad credit loans, your credit score dictates how low your rates and fees will be. Learn more: Check out Bankrate's review of peer-to-peer lender Prosper 3.
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Bad credit loans come with higher interest rates than other types of personal loans. Rates may be similar to those of credit cards , which averaged 20.66 percent in May. But credit card interest ...
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Key takeaways. Bad credit lenders may approve borrowers with credit scores in the upper 500s or lower. Loans for bad credit usually come with high annual percentage rates (APRs) and high costs.
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