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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.
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.
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 ...
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.
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 ...
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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