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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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 Dummies Guide to No Credit Check Loans

  When you apply for a loan, the first thing the lender does is to check your credit file, in an attempt to see your creditworthiness. To that end, the lender checks your credit transactions, defaults, missed payments, and so on. Still, the truth is that many Australians cope with bad credit history, which could seriously limit your options. In this situation, looking for no credit check loans might do the trick. Introducing No Credit Check Loans If you already know that your credit score isn’t the best, you should be happy to learn that there are no credit check […]

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Top Signs of a Bad Credit Loan Scam

  A bad credit loan seems like an opportunity sent from the heavens for those who have a less than stellar credit score. The reason was that no bank would generally give you a loan if you had the tendency to conveniently skip on your payments. This is how bad credit loans came into the mix. In exchange for higher interest rates, they would conveniently ignore your credit score and offer you a loan. However, sharks also know where to look for prey – and what better place than amidst a group of desperate people? Especially the ones that get […]

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Top Low Doc Loans Myths Busted

  We’re all victims of the misinformation of the information age. With so many sources to check and with so many messages becoming global, what information we can trust, and which we can’t. Low doc loans are typically mythicised on the Internet. It’s easy to start believing alleged facts about them when most information out there is wrong. Let’s cover some of the most common low doc loans myths that people throw around:   Low Doc Loans are Dead Let’s start with this one. Some Australians believe that the Global Financial Crisis (GFC) destroyed these types of loans. This stems from […]

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What You Should Know About Bad Credit and Bad Credit Loans

Not everything goes the way we want it. This is especially true when it comes to finances. Many Australians struggle with cash, thus becoming unable to cover monthly repayments in a timely fashion. Others default loans because interest rates become unsustainable. You know the drill. As your credit score spirals down into the ground, you put yourself in a position in which it’s almost impossible to get another loan. Did you know that there is still hope for you? It comes in the form of bad credit loans. As their name implies, these loans are given by lenders who don’t […]

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Are Low Doc Loans a Lifeline for the Self-Employed?

  To summaries the answer in just 3 words: Yes, they are! Growing businesses is hard. Especially when so many money lenders are rigid with their income verification processes. For this reason, low doc loans are the lifeline of the self-employed, although the unemployed, seasonal workers, or those with next-to-no credit history (such as new immigrants) can apply as well. Low doc loans are, simply put, loans that require little to no documentation or credit history. Naturally, this means a higher risk in the eyes of established lenders such as banks. Freelancers and self-employed people have a hard time proving […]

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How to Get Approved for a Bad Credit Loan

  Your credit isn’t looking so pretty? Getting a loan isn’t entirely out of the question! A bad credit loan might be just what you need. Maybe you got the wind knocked out of you, or perhaps you’re struggling to build credit for the first time. Either way, it can be difficult to get a loan if your score isn’t good. Poor credit constitutes a major obstacle, not an unmovable wall. Lenders will view you as a high-risk customer who is more likely to default. Getting a bad credit loan is often better than seeking a payday loan with the […]

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Types of Loans for People with Bad Credit

  If you are struggling to make ends meet and also have bad credit, you mustn’t despair because you can request loans for people with bad credit. You can be self-employed, you can have unpaid defaults or other credit problems, but these loans can help you. We will present multiple types of loans for people with bad credit as well as their advantages and disadvantages. So, let’s get started!   What Are Loans for People with Bad Credit and What Are the Advantages?   Basically, these are services made specifically for those who have a low credit rating due to […]

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The Dangers of Bad Credit Loans

  Every single financial service ever created has a dark side. If people would understand that before indulging in acquiring them, there would be much less debt in the world. One such service that individuals are taking for granted is represented by bad credit loans. Financial services share yet another similarity: they all look inoffensive. Bad credit loans all the more so. You’re probably wondering what can happen if these are handed out to people with low credit score. Well, a lot of things can happen, and now we’re talking about the less pleasant effects of the bad credit loan. […]

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