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.

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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How to Get a Car Loan if Your Credit Is Terrible

May 30, 2019
Your credit score is important when applying for a car loan and any other type of financing. It helps lenders assess how much risk they would assume when granting you the money. If your credit score is terrible, most lenders will refuse to approve your application. Nevertheless, you can still secure a car loan even […]
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How to Lease or Finance a Car With Bad Credit

May 28, 2019
Are you in need of a new vehicle but don’t have enough savings in the bank to make an outright car purchase? Get a car lease or loan. Although having bad credit limits your chances of getting approved for a car lease or loan, it is possible. Car Leasing vs Car Financing Car leasing is an […]
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How to Get Out of a Bad Car Loan

May 24, 2019
Trapped in a bad car loan? You had a good start when you bought the vehicle three years ago. You went to a local dealership, applied for a $25,000 car loan that’s payable in five years and got approved without paying any upfront cost. Shortly after driving your car off the lot, you started making […]
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How Soon Can You Refinance a Car Loan With Bad Credit?

May 22, 2019
To refinance a car loan is to get a new loan from a new lender to pay off the balance of your existing car financing. There are plenty of reasons for doing this, including scoring a lower interest rate, reducing your monthly payments, saving in interest charges, removing a co-signer and shortening or extending the […]
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Is It Possible to Get a Car Loan With Bad Credit?

May 20, 2019
Is bad credit score getting in the way of your car financing applications? Don’t lose hope. You can still get a car loan with bad credit. A good credit score is a valuable asset when applying for a car loan. It greatly increases your odds for approval and helps you negotiate favourable loan terms and […]
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