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.

Common Signs of a Bad Credit Loan Scam

July 2, 2019
A bad credit loan is typically your last financing resort if you have a poor credit score. For an interest rate that’s higher than standard consumer loans, it lends you money even though you have a history of debt mismanagement and are likely to mess up your loan obligation yet again. On the other hand, […]
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How Long Does It Take to Fix a Bad Credit?

June 28, 2019
The length of time it takes to fix your bad credit score depends on the severity of debt mismanagement and how gravely they’ve damaged your score. Sometimes, it not only takes months but years to rebuild creditworthiness. The sooner you start fixing your bad credit score, the sooner you can rebuild and improve your credit […]
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What Are the Causes of Bad Credit Rating?

June 25, 2019
Can’t get approved for a loan because of your bad credit rating? It’s always bound to happen because “bad credit” is a red flag for lenders. It says that you have been irresponsible with your money and debt obligations in the past. It also warns them that you’re likely to default on the repayments. How […]
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5 Easy Steps to Get Out of a Bad Car Loan

June 21, 2019
Whether it’s due to buyer’s remorse or being upside down on your loan, nothing can be more exasperating than having a bad car loan. It hurts your finances and brings financial worries that quickly saps all your energy. How did you even get yourself in such a mess? Things started well, or so you thought. […]
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What Are My Options If I Have An Insufficient Credit History?

June 18, 2019
Bad credit is not the only reason for loan rejection. Lenders can also turn you down if you have an insufficient credit history. An insufficient credit history means having none or not enough record in the credit reporting bureaus to generate a credit score. This happens when you have not used a credit card or […]
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What Loans Are Hard to Apply For With a Low Credit Score?

June 14, 2019
Generally, all unsecured loans are hard to apply for when you have a low credit score. An unsecured loan is any type of financing that does not need collateral, which is a valuable property that you as the borrower give to the lender in case of loan default. The collateral is first appraised by the […]
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What Interest Rates are Typical for Bad Credit Car Loans?

June 13, 2019
Bad credit car loans have higher interest rates than standard car loans, typically around 10% to 18.12% or higher. The average credit score is around 620 to 679, although many lenders still consider this score range on the poor side. A low credit score generally falls between 580 to 619. Anything below this range is […]
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How to Get Car Financing With a Low Credit Score

June 7, 2019
Getting approved for car financing is not easy if you have a low credit score. Most lenders will reject your loan application, citing creditworthiness issues. Even if you finally find one that gives the thumbs up, you’ll still be likely charged with high interest rate and unfavourable loan terms. To help increase your chances of […]
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“Can I Get a Car Loan When I Am Unemployed?”

June 4, 2019
Whether it’s bad luck or bad decision that left you carless and jobless, you can get a car loan even when unemployed. Qualifying for a Car Loan When applying for a car loan or any other types of financing, lenders usually require your most recent pay stubs. This is because they want to make sure […]
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What Are The Best Loans For People Who Have Bad Credit?

May 31, 2019
Most people who have bad credit often find themselves in a situation where they need quick cash for an emergency situation but struggle to find a lender who is willing to loan them money. Their poor credit scores, whether a result of poor financial decisions in the past or plain bad luck, have sadly wreaked […]
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