How Can We Help?
You may have more questions about personal loans for bad credit and wondering how they can help you. Read through some of the following questions and answers for clarification.
Is there a way I can repair my bad credit score?
Many times, the reason that a person has such a bad credit score is because of making payments late. By taking out a loan with bad credit and paying it back on time each month, it can help your credit history. Also, in most cases paying down your debt can help improve your credit rating.
If my credit status is poor, can I still be approved for online bad credit loans?
Even with a bad credit report you can still send in your online request. If your current situation is good and you have steady income, it is possible to get approval. A lender will review your inquiry form and get back to you with a quick credit decision.
What exactly is a bad credit rating?
Lenders go by FICO scores, which is a method of analyzing credit histories. If your score is beneath 620, it is called a poor credit rating. Besides payment history, it also takes into account the amount of debt the consumer has.