Bad Credit Loans Blog

How to Compare Different Types of Secured Bad Credit Loans

How to Compare Different Types of Secured Bad Credit Loans

  When you have bad credit, you could have problems when accessing financing. Nonetheless, if you’re in this position, you still have a range of options to choose from; we’re referring to bad credit loans. While you may choose from unsecured and secured loans, you may benefit from lower interest rates and convenient terms if you are willing to offer security. Lenders might be open to negotiation considering that the risk is significantly diminished with the inclusion of security. So, we assembled the main points you should know on the topic of bad credit loans. Let’s proceed! Types of Secured […]

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Top Mistakes You Should Avoid When Getting Personal Loans

  When you’re in need of extra funds, personal loans can provide financial relief. They are often used to cover urgent, unexpected expenses or to consolidate debt. But, taking the time to choose your personal loan can pay off. On the other hand, making a rushed decision could equal havoc for your finances. That being said, today we’ll talk about the top mistakes one should avoid making when it comes to taking out personal loans. Here they are!   Borrowing Money Instead of Saving Although the alternative of personal loans is certainly reassuring, you should first establish whether you actually […]

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What Are Your Loan Options If Your Business Is Declining?

  When you run a business, one of the most challenging things to do is to maintain consistent growth. As a result, it’s only normal that most businesses go through cash flow fluctuations. Nonetheless, if you notice that the numbers are continually declining, this might imply your business is declining, as well. Keep on reading this article to find out about the business loans that could help you in this respect!   How Do You Know Your Business is Declining? It’s true that each business experiences downturns, every now and then. That being said, how do you differentiate between decline […]

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Tips and Tricks to Getting the Best Car Loans  

  Car loans can be acquired in a variety of places and just like any other type of loans, there are good and bad car loans. Without some investigation, people are bound to end up with a loan from the latter category. However, with a few tricks, you can easily get on the safe side. Let’s take a look at some of the things you can do to ensure you’ll get proper car loans you won’t overpay on. Check out the following list to find out how to get good car loans:   Don’t Go Straight to the Dealer It […]

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How to Stay Away From Low Doc Loans Hoaxes

  Loans are a great way to get back on track. You borrow a good amount of money, you show your collateral, you give them proof that you can actually pay back the loan – and then you go forward with the monthly payments until you are done with the loan. However, that is just the ideal case. For other people, there’s the option of low doc loans.   Why Low Doc Loans? Sometimes, we do not have the necessary documentation; and if we do, it may not put us in a very good light – even if we do […]

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Can You Use Unsecured Loans to Buy a House?

  Mortgages are usually taken out with loans that are secured on the house itself. That’s our main financial tool when it comes to this. However, unsecured loans can be used to the same end. It is a lot more difficult to fund a house with an unsecured loan than with a secured one, for reasons that we will outline in the remainder of this article. But to answer your question first: yes, it is possible to get a mortgage with unsecured loans. The difficulty of getting them, though, is the other side of the coin.   Why Is It […]

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The Main Disadvantages of Short Term Loans  

  Short term loans, as far as you’re concerned, are harmless. What can go wrong if you borrow a relatively small sum of money with a short term? Well, a bunch of things, actually. While it is true that short term loans are a lot less dangerous than those with long term, they are not completely devoid of risks. Therefore, before you go to the bank and ask for one, you better become acquainted with the disadvantages it will come with. This way, you will spare yourself of some unpleasant consequences. There are 3 main pitfalls when it comes to […]

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How to Get Bad Credit Personal Loans from Credit Unions

  Avoid the traps of these payday loans and go for bad credit personal loans. It’s saddening to see so many Australians restricted by their bad credits, but seeing the thrive of the so-called “Payday” loans makes us sick. A payday loan is simply put, a shakedown. Personal loans have small interest rates in defined periods. Meanwhile, the fees for payday loans start from about 15% annual, and the ceiling seems almost non-existent, reaching up to 400%! This means that you’d have to pay $60 for $400, and this is only if you pay on-time. Paying late leads to additional […]

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The Requirements You Need to Meet for Low Doc Loans

  So, you’re self-employed and need a personal loan? Well, conventional loans require you to submit payslips, tax returns, and other proof of income, but don’t let that bring your hopes down. Low doc loans allow you to get loans without all that paperwork. It doesn’t matter if you’re self-employed or unemployed. They require you to sign an income declaration form that will constitute the basis of a lender’s assessment. There’s a high chance you get asked about your assets and liabilities. As the lender relies solely on your own declaration, they usually charge higher interest rates to offset the […]

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Why It’s So Difficult to Refinance Bad Credit Loans

  With mortgage rates going under, there has never been a better time to refinance. However, while refinancing seems like an easy trick for some people, it’s not that easy for others – namely those looking for bad credit loans. Those who have bad credit have always struggled with getting a simple loan; refinancing is something they can only dream of. There are so many obstacles that need to be overcome that it almost makes them want to quit the attempt altogether.   How Bad Credit Affects Refinancing The average “bad credit” will usually differ from one lender to another. […]

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