Bad credit loans
Money when you need it most
Bad credit prevents you from borrowing money. Bad credit loans let you obtain money, even with a bad credit rating.
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The consequences of bad credit
Bad credit doesn’t only affect your ability to borrow from the bank. It can also prevent you from getting a job, buying a car, or renting an apartment. Landlords, employers, dealers, and others often perform credit checks before making a decision.
What is “bad credit”?
Your credit corresponds to the status of your credit report. This is based primarily on your credit rating or your “FICO score,” which is a number between 300 and 900. Your credit rating is used by banks, lenders, and others to measure the risks to which they expose themselves by granting you a loan. The closer your credit rating is to 300, the worse your credit is.
The benefits of a bad credit loan
If you need money fast but your credit rating is low, banks and certain lenders will consider you to be high-risk and reject your application. By contrast, bad credit loans let you obtain a fast money loan despite your bad credit rating. They help you pay your bills quickly and thereby avoid penalties.
FREQUENTLY ASKED QUESTIONS…
What is a short-term loan?
A short-term loan is a service that lets you obtain emergency funds quickly. This fast loan must be repaid within two years or according to the terms indicated in the contract.