answersLogoWhite
Loans
Personal and Payday Loans
Money Management

Is it good to have a loan when you have bad credit?


Top Answer
User Avatar
Wiki User
Answered 2011-07-14 19:25:39

It will be hard to get a loan when you have bad credit. However, if you already have a loan and have bad credit on other things such as credit cards, then keeping your payments current on your loan can help improve your bad credit over time.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

User Avatar
M M
Answered 2020-12-22 18:10:12

This site provides an easy and convenient way for people to be matched with a personal loan from up to $5,000.

cutt.ly/ihMcXnu

012
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Related Questions


It depends on how bad the credit and how good the job.


Yes, you can get Bad Credit Loan.


If you have bad credit and no money you should not be looking at a loan. Get your life straightened out first. Cars are not required, good credit is.



Most likely the loan company won't accept it because to need a cosigner on a loan means that there is bad credit all ready. Two bad credit reports don't equal one good one. If you have bad credit it isn't a good idea anyway because you could end up with the loan and this will impact your credit report in a negative way.


no you do have to have a cosigner with good credit in order to get a student loan.


The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.


You be able to get an auto loan if you have bad credit depending on the loan provider. Some loan agencies claim to fame is not checking your credit score. You may have to search many places and find a good loaner.



You can find a bad credit home loan at homecredit.com



Loan companies are generally hesitant to offer loans to individuals with bad credit because people with bad credit usually make late payments if they make payments at all. If one wants a loan one should prove themselves with good credit.


One can apply for a loan with bad credit online or by phone. Free Credit Score has applications for someone who needs a loan with bad credit to get one.


If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.


If you are looking for money over a shorter period of time, even you have a bad credit score. Fresh Instant loans give you a quick bad credit loan whenever you need.


If a person has bad credit they are less likely to be approved for a loan and if they are approved their interest rates will likely be higher than someone with good credit. Banks consider people with bad credit high risk.


One generally doesn't receive bad credit for getting a bank loan. A bank loan can be denied though, if one has bad credit. Bad credit can occur if one does not pay credit card bills on time.



One can find an equity loan for bad credit in a wide variety of places. An equity loan for bad credit can be attained at a local bank or visiting sites such as Alpine Credit.


If someone has got a bad credit record and wants a loan linked to their first mortgage then they will need to convince a bank that they do have a good and realistic chance that the loan will be paid back. As it stands they are probably a bad credit risk so they will find getting the loan hard.


It depends on how desperately you need the loan. If you are desperate for the loan, then you should take the bad credit loan, as it may be your only option. However, if you can, it is better to slowly rebuild your credit.


The interest rate for a bad credit debt consolidation loan differs from a regular small bank loan because the interest rate for the bad credit debt consolidation loan would be higher. The rate would be higher due to the fact that the one receiving the loan would pose a risk because they have bad credit and obviously had not been good with payments or something in the past. The regular small bank loan would be for those who have good credit, so the interest rate would be normal or lower.


The main qualifications for obtaining tenant loan with bad credit is to have bad credit in the first place. One can improve later from this by fixing their credit as they accept and pay off the loan.


This provides an easy and convenient way for people to be matched with a personal loan from up to $5,000. cutt.ly/ihMcXnu


If a customer's credit is really bad, then they may not be able to get a loan. If a customer's credit rating is poor, they may be able to get a loan at an APR of 12% - 15%.



Copyright ยฉ 2021 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.