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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.
Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
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.
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 ...
Cons. No co-borrowers or co-signers. Loan origination fee of up to 10 percent. High maximum APR. How to get a loan with bad credit. Getting approved for a personal loan with bad credit may be ...
No-credit-check loans do not require a review of your credit score, which can make them convenient if you have bad credit. But they can be risky and often have extremely high interest rates and ...
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