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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.
A bad credit personal loan is a loan for borrowers with FICO scores below 580 — though some lenders consider credit scores into the low-600s bad. They can provide funds if you need a loan but ...
You can find loans for borrowers with bad credit through community banks, credit unions and online lenders. Predatory or misleading loans can be disguised as bad credit loans.
Online personal loan lenders may offer the most options for bad credit borrowers. Some companies use more lenient criteria than traditional banks for approval, such as your job and education history.
Key takeaways. A bad credit loan is a type of personal loan that caters to borrowers with credit scores below 670. If handled properly, bad credit loans can boost your credit score by adding to ...
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 ...
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