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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.
The bottom line. Bad credit personal loans come with high APRs and fees. Explore cheaper alternatives first. If you’re having trouble getting approved for other types of loans and need cash, a ...
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. Use a home equity ...
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.
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.
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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