How and When Do You Need a Bad Credit Loan?

Most of us have experienced a time in our lives when we were deemed to have “bad credit”. This can be for a variety of reasons; young adults who have yet to establish credit accounts, single parents who struggle financially, divorce, or simply being unskilled in managing finances. It is a universal stigma; we are our credit scores. So, how do we approach obtaining a loan when we are...

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Bad Credit Loans for Bad Payers: Nothing Is Impossible

In the last years, the advent of the economic crisis has been felt a lot and certainly unemployment and job instability of many families has caused many financial difficulties. It could bring the credit system to a high number of bad payers, maybe without work or with a not provable income, and the difficulties of applying for a loan rose dramatically. However, if you are in these situations...

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Pros and Cons of Bad Credit Loans – How Soon Will The Loan Be Approved

Bad credit loans are designed for people that have a poor credit history or a limited credit history. Bad credit can be caused by a number of reasons. Some have defaulted on or failed to repay previous loans on time. Others have had a County Court Judgement (CCJ) issued against them. People who have a limited credit history may have never applied for a loan or credit card before. Both types...

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Bad Credit Loans to Improve Your Poor or Limited Credit History

Consumers with a poor credit rating can find it difficult and more expensive to borrow money. Lenders see them as a risk. The lack of a credit history can also be a barrier. Having no credit history means that lenders lack the information required to assess the applicant’s borrowing habits, an indicator of how the applicant will handle their finances once a loan has been issued. As a...

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How to Make Your Credit Score Better

Having a bad credit will not last you forever while a blemish credit is costly and at the same time stressful. Below are some of the things one can do to improve on his or her credit score. First you need to get a copy of your credit reports. This will help you to exactly know what you are working on. Your credit report entails the list of credit accounts that are hurting your credit score....

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Short Term Borrowing Options

Taking out a short term unsecured loan is a quick and easy way to cover an emergency expense or cash flow problem. But what types of loans are available to you, and what are the pros and cons of each? Read on for a quick guide to your loan options. Bad Credit Short Term Loans The advantages of bad credit short term loans are fast pay outs, and a simple process of applying. However, interest...

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Renting with Bad Credit

One of the unfortunate side effects of having a bad credit record, is the difficulties it can pose in trying to rent a property. Landlords understandably want to know that their rent will be paid, and so a poor credit record or a CCJ can affect your ability to rent. However, it doesn’t have to be a disaster. If you are having problems renting, the following advice can help you secure a...

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How to Find a Bad Credit Loan

Taking out a loan is a big decision to make, especially if you already have existing debts or a low income. So it’s really important that you choose a loan wisely. However, choosing a loan can also be a minefield if you suffer from a poor credit record. Your choices will be narrower still, due to most lenders being reluctant to lend to subprime borrowers since the credit crisis....

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Repairing Your Credit Score

It’s well known that having a bad credit record is detrimental to being able to find an affordable loan. As far as lenders are concerned, your credit record is a good indicator of your financial health. As such, lenders, who take a risk by lending to those who may default means that the APR rate of loans is typically very high. Repairing your credit score then, will go a long way to...

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