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Searching for the best personal loans for bad credit requires you to be realistic and seeing what's available. Bad credit loans guaranteed approval sound foolproof but aren't as easy to get as they...
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.
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 ...
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 ...
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