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Best for. Individuals with poor credit scores who can access this option through their bank or credit union. Car title loans. Car title loans let you borrow between 25 and 50 percent of your ...
Bad credit loans are available through online lenders, select community banks and credit unions. ... Some bad credit loans can be predatory with unreasonably high interest rates and extremely ...
However, these types of bad-credit loans often have to be paid off very quickly and have APRs as high as 650 percent. This leads many borrowers to take on more debt than they can repay.
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 ...
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.
Loans for bad credit often come with high rates and fees. Watch out for lenders that contact you consistently, promise approval or charge rates above 35.99 percent, they're likely a scam.
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