how can i get a loan with bad credit and not so high interest rates?

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5 Responses to “how can i get a loan with bad credit and not so high interest rates?”

1. Damn_ I'm_good on: 9 November 2009 at 11:31 am

   Terrible credit and Low Interest rates are an oxymoron….

   You cant get one with the other….. its not possible…

   Anything else is most likely a SCAM to get you to pay "fees" for a loan you’ll never end up getting… avoid them like the plague…
2. bdancer222 on: 9 November 2009 at 11:31 am

   Terrible credit = high risk = high interest rates

   If your fiance doesn’t have a job, how will she pay back the loan?

   You are not going to find a decent interest rate. Perhaps you should re-reckon whatever you want to buy and wait till you have saved up for it.
3. jfl on: 9 November 2009 at 11:31 am

   The first thing that needs to be done is:

   Apply for minor credit cards ie: department stores
   gas cards
   home improvement cards

   These are usually simpler to get.
   Once you have them, please use wisely!
   Make certain you have the cash to pay bill on time.
   Do this often and continue to pay promptly.

   After six months to a year, check your credit rating again.
   Eventually this will give you a credit history.
   The better the credit rating the better the interest.

   I did this and after 18 months was able to apply and get a Home Depot card.
   My credit limit? Only $25,000.00!!!

   Was it worth the effort???
   You know the answer…

   I wish you well in making a fantastic financial life for yourselves.
4. JLB on: 9 November 2009 at 11:31 am

   Your answer that you will have to pay higher interest rates is right. The more risk you are to lend money to, the higher the interest rates. Also beware of the loan scammers. Before you provide any personal information, get a verifiable business name, address and phone number. Be cautious with email addresses from yahoo, hotmail, etc. And the huge tipoff for a scam is being questioned for upfront money. This is illegal in the United States and Canada. If this happens, it is a scam. Excellent luck.
5. Gary H on: 9 November 2009 at 11:31 am

   There are plenty of places that offer loans for people with terrible credit with no-hassle applications and simple requirements.

   Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and terrible credit lenders listed off and on.

   http://www.axalda.info/terrible-credit-loans.html