Bad Credit Blog

Welcome to the #1 Bad Credit Blog, you'll find heaps of information on different types of bad credit loans. Tips, tricks and guide to getting bad credit finance. Best of all you'll find tips here that will give you the tools to get out of bad credit.

How to Refinance Bad Credit Loans

September 13, 2019
It's a smart financial move to refinance bad credit if the interest rate on the new loan is lower. It can also help you reduce monthly repayments. Before applying to refinance, ensure that you have an improved credit record and good credit score. This will increase your chances of approval and help you get the best deal.
Read More

A Borrower’s Guide to Unsecured Bad Credit Personal Loans

September 10, 2019
Bad credit can make it difficult for you to get approved for a loan, but it doesn't completely shut down your chances. With unsecured bad credit personal loans, you can get financing without pledging any collateral. While the interest rates are higher than standard loans, some lenders provide reasonable rates. It is essential to check the lenders' reputation and the terms and conditions of the loan before taking out one.
Read More

What Affects Your Credit Score?

September 4, 2019
The credit score is a very important requirement in loan applications. It determines your creditworthiness and capacity to repay the loan. To calculate your credit score, FICO and credit scoring agencies look into your debt payment history, credit utilisation, outstanding balances, credit mix and trended credit data.
Read More

How to Consolidate Your Debt if You Have Bad Credit

August 27, 2019
You can consolidate your debts into one single account despite having a bad credit record by getting a bad credit debt consolidation loan. Aside from helping you effectively manage your debt repayments, this financing also helps you save more money on loan interest and other fees.
Read More

Bad Credit Loan or Credit Card: Which One Should You Get?

August 21, 2019
Want to borrow money for expenses you can’t afford but stuck with a bad credit record? A bad credit loan and a credit card can both help you pay for expenses that you can’t afford. However, each has different features and payment fees that may or may not be ideal for your financial situation. Find out which one is more advantageous for you in this article.
Read More

Yes, It’s Possible to Get a Car Loan With Bad Credit

August 13, 2019
It's not easy to get a car loan with bad credit. However, it's not impossible with options like getting a Bad Credit Car Loan, seeking a co-signer and applying for a car loan in a credit union. However, even if you get the lender's nod, you may need to pay higher interest because you are a high-risk borrower. It is best to improve your credit score first before applying for a car loan.
Read More

How to Get Approved for Short-Term Bad Credit Loans

August 7, 2019
One of the surefire ways to get financing despite having a bad credit history is securing bad credit loans. This type of debt financing helps you get funds fast even with a poor credit background and with little documentation. Bad credit loan lenders usually offer a limited amount of money that’s payable within an agreed period. The repayment can be long-term, which lasts for three years or more, or short-term, which is around less than a year or two.
Read More

What Are Credit Bureaus and How Do They Affect Your Loan Application?

August 2, 2019
Credit bureaus develop your credit report, which greatly influences your creditworthiness and borrowing power. Although they cannot approve or deny your loan application, the data they present in your credit report is used by lenders as a basis for granting or denying you the funds you need. The report also influences your loan interest rate and terms, if you're approved for financing.
Read More

How to Get a Home Loan If Your Spouse Has Bad Credit

July 25, 2019
Just got hitched and planning to get a home loan to buy your marriage nest? Despite having a high credit rating, you may not get approved for a home loan if your spouse has bad credit. And if you do get the lender’s nod, you’re likely to get one with a higher interest rate and unfavourable loan terms. Know your options in this article.
Read More

How a Credit Card Affects Your Credit Score

July 18, 2019
Getting a secured credit card is typically the first step to building credit. Aside from introducing first-time users to the concept of credit, it also builds their credit score with responsible use. As they use the card without getting close to its spending limit and make on-time payments, their activities are reported to the credit bureaus. Over time, their creditworthiness is established.
Read More
Prev Page  |   Next Page