answersLogoWhite

0

If one has bad credit then it is difficult to secure any sort of loan. The best way is to be honest about the situation and to approach some of the small loan cooperatives that exist.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Who can obtain a unsecured bad credit loan?

If one has bad credit then one can obtain an unsecured loan from U Switch where one can compare loans as well as checking on Go Compare and the About Banking websites. If one has bad credit it can be more difficult to obtain a loan, as lenders will see one as high risk to lend to which can result in a more expensive loan.


Can you get an unsecured loan with bad credit?

It is very difficult to get an unsecured loan with bad credit. This is because of the nature of the loan. When a person gets an unsecured loan, it means there is no collateral to back the loan up with.


If your credit score is 520 and have bad credit can you get an unsecured loan?

nope


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 can one get an unsecured loan with a bad credit?

According to the "Money" website, there are a comparison of unsecured loan with a bad credit. For example 'UK Credit', with a minimum loan of 1,000 British pound and a maximum loan of 5,000 British pound. The credit is considered a bad credit due to high interest rates, beware of the bad credit.


What are the requirements of an unsecured loan with bad credit?

There really are not too many requirements for someone that has bad credit and is looking to get an unsecured loan. One of the requirements is to not have recently filed for bankruptcy.


What do I need to qualify for a first time business loan?

A good credit history is a good way to qualify for a business loan. There are also unsecured loans for bad credit that can be obtain by showing proof of collateral.


Which company offer bad credit loan with unsecured credit?

Some of the places that offer a loan with unsecured credit can do so by browsing the websites for such companies as Amigo Loans, Achieve Credit as well as Aspire Money.


How does one obtain an unsecured personal loan?

Banks like CIBC provide unsecured personal loans for people that have a bad credit history. The main advantage of an unsecured loan is you can avoid paperwork and you get fast approvals, the only problem is you're not backed up by any security.


How can one prevent bad credit from an unsecured personal loan?

The number one way to prevent bad credit from an unsecured loan is to pay off the loan as quickly as possible. Make sure payments are always on time and in the full amount. Once the loan is paid off in full your credit rating should increase.


How would I get an unsecured loan?

Well, if you are in need of money, and your credit score is low, you aren't going to get an unsecured loan. You should try to get a bad credit loan, if you need it but the interest rates will be high. Just ask your local bank what you qualify for.


Where can companies obtain bad credit business loans?

Businesses with bad credit can obtain loans at several locations. Merchant Loans, Unsecured Business Funding, and Fast Up Front all offer unsecured loans for shaky companies.