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The term bad loan refers to loans where the borrower has not been making payments as originally agreed upon by the lender. Bad loans are often never repaid.
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∙ 10y ago
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Is it possible to get a loan with bad credit?
Some agencies will accept high risk people with bad credit to receive a loan. It is still possible to receive a loan despite having bad credit.
How can one go about rectifying bad credit on an unsecured loan?
By having an unsecured loan, a person can rectify their bad credit by paying everything on time. Having an unsecured loan usually comes with risks because of high interest rates, but they allow people to rectify bad credit.
How does a bad credit loan affect a person?
Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.
If you have a bad payday loan can you still receive a car title loan?
yes if you are lucky enough. I guess nationwide car loan executives are very smart enough to give you car title loan even if you are having bad payday loan.
What are the alternatives available to you when applying for a cash loan when you have a bad credit record?
One alternatives available to you when applying for a cash loan when you have a bad credit record is having a co-signer. Also one can get a Peer to Peer loan.
Can you get a loan for college having no co-signer and also having bad credit?
You could get a federal student loan.
Is it possible to get a loan with bad credit?
Some agencies will accept high risk people with bad credit to receive a loan. It is still possible to receive a loan despite having bad credit.
How can one go about rectifying bad credit on an unsecured loan?
By having an unsecured loan, a person can rectify their bad credit by paying everything on time. Having an unsecured loan usually comes with risks because of high interest rates, but they allow people to rectify bad credit.
How does a bad credit loan affect a person?
Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.
If you have a bad payday loan can you still receive a car title loan?
yes if you are lucky enough. I guess nationwide car loan executives are very smart enough to give you car title loan even if you are having bad payday loan.
How do I get a home loan if I have bad credit?
You can apply through banks and financial services despite having bad credit
What are the alternatives available to you when applying for a cash loan when you have a bad credit record?
One alternatives available to you when applying for a cash loan when you have a bad credit record is having a co-signer. Also one can get a Peer to Peer loan.
How could the FHA help with a bad credit home loan?
The FHA can help with a bad credit home loan by allowing one to get a mortgage despite having bad credit. They are loans insured by the federal government.
Does a bad loan affect the cosigner?
Yes. That is the whole purpose of having a co-signer. They are liable for repaying the loan if the primary borrower defaults.
Will having bad credit make it difficult for you to get a home loan?
A bad credit rating will make it difficult for you to get a home loan. Lenders don't want to lend money to people with low credit scores.
Where can someone with bad credit apply for a home loan mortgage?
Having bad credit does not stop a person from applying wherever they wish to for a home loan mortgage. It does, however, make it significantly less likely that they will be approved.
Where can you get a unsecured personal loan with bad credit?
Yes, you can get Bad Credit Loan. A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined.
