answersLogoWhite

0


Best Answer

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%.

User Avatar

Wiki User

โˆ™ 2013-03-05 08:17:56
This answer is:
User Avatar
Study guides

What is rhetorical device

Who was the father of rationalism

What is a cash advance

What is discretionary spending within a budget

โžก๏ธ
See all cards
2.11
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
9 Reviews

Add your answer:

Earn +20 pts
Q: What is the APR for a bad credit loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does having bad credit affect your APR for a new car or home?

Bad credit will affect your APR on any new loan. Most banks use a tiered credit system to determine APR.


What is a good APR?

It depends on what you are getting credit for. A home loan with an APR less than 5.5% is good. A credit card with an APR of 15% or less is good.


Where can you get a bad credit loan?

Yes, you can get Bad Credit Loan.


Get bad credit loan in Ontario?

Yes, you can get Bad Credit Loan.


What bank you can go to get a bad credit loan you and your wife have bad credit?

Yes, you can get Bad Credit Loan.


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

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.


If you have bad credit and get an auto loan with a person that has good credit would your APR significantly go down?

ANSWER The APR would NOT go down because the co-signer is just a safety net just in case you default on the payment. You might have to obtain credit repair services.


Where can I find a bad credit home loan?

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


How does having bad credit affect my mortgage payments?

If you have bad credit you will not only have a hard time getting a loan, but you will be charged a higher APR. As a result, your mortgage payment will be higher than if you had good credit. If you already have a home mortgage, having bad credit will not affect it. If you have bad credit and go to get a mortgage, you run a risk of being denied a loan until bad debts are taken care of and even then you may have a higher rate.


Where can one find an unsecured loan with bad credit?

One can find an unsecured loan for those with a poor credit history online, companies that can provide these are, UK Credit, Provident, Amigo and Aspire Money. One must be careful with this type of the, the APR will be generally high.


Is the APR of a student loan determined by the credit of the borrower or that of the cosigner?

The cosigner I believe but check with the loan issuers it's in the details.


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.

People also asked