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Can I get a loan with a bad credit?

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    #16
    It is really hard to get a loan if you have a bad credit. In addition, your options are limited. However, there is a chance for you to obtain one good deal if you are paying your debt promptly for the last 2 years.

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      #17
      You can get a bad credit loan as there are many bad credit loan providing companies. But the major drawback is that this is an unsecured personal loan and the interest rate is usually much higher than normal. So if now you are having a bad credit problem then after taking these loans it will become a greater problem to repay them. So it's better for you to manage your money properly and avoid unnecessary expenses.

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        #18
        Try to avoid borrowing

        If you must borrow, however, you probably can get a loan (at high interest) from Lending Club or a creditcard for bad credit (just google credit card for bad credit).

        That being said, I'd still recommend steering clear of loans, if you can.

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          #19
          Depends how bad your credit is. In most cases you will be able to find some banks that specialize in bad credit clients, but most likely you will not be able to get a huge amount of credit. Your credit limit will generally be very small and most likely will have a high APR (banks are trying to protect themselves as you have a poor payment history).

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            #20
            Sign up for a pre-paid credit card, or do financing on your next low-cost house appliance to build easy credit back. For the time being, just stay away from loans.

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              #21
              In today's world, it has become quite difficult to get a loan with a bad credit. Of late, the lenders are thoroughly checking the creditworthiness of the borrowers before allowing them to get a loan. So, if you have a bad credit, then you should take steps in order to improve it. You should pay off your debts on time, avoid making partial or late payments, remove illegitimate negative items from your credit report, etc. in order to improve your scores.

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                #22
                Originally posted by tfci.lflores
                Yes, title loans are perfect for people with bad credit. Of course, you do need to be careful with these because they have tricky rates. I've applied for a title loan, they made the process easy and it also helped build back my credit score.
                That's a horrible idea. Don't EVER take a title loan. They typically have interest rates in the neighborhood of 300%! It is right up there with payday loans and tax refund anticipation loans.

                Stay far, far away from them.
                Steve

                * Despite the high cost of living, it remains very popular.
                * Why should I pay for my daughter's education when she already knows everything?
                * There are no shortcuts to anywhere worth going.

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