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.

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.
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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.
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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.
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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.
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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.
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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.
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5 Habits that Ruin Your Credit Score

July 16, 2019
It takes a long time to build good credit, but a short one to ruin it. One or two late payments on your monthly loan obligation or a simple swipe on your credit card can significantly damage your credit score. To keep your credit profile stellar and your credit score high, avoid these five habits.
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How to Survive Financially If You Lost Your Job

July 12, 2019
Job loss, especially if unexpected, is a very stressful experience. It often equates to losing your source of income and access to the medical, fringe, and other employee benefits that you used to enjoy. Unemployment also puts a strain on your finances and causes money problems. During these trying times, it’s tempting to make hasty […]
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6 Smart Ways to Prevent Bankruptcy

July 9, 2019
Bankruptcy not only leads to bad credit but also stays on your credit profile for seven to ten years. It severely damages your credit score and prevents you from getting approved for future financing. Thus, it’s financially smarter to look for alternative solutions to pay off debts instead of filing for bankruptcy. Check out these ways that can help you prevent bankruptcy from being your last financial option.
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How to Fix Your Bad Credit Report

July 5, 2019
A credit report reflects your creditworthiness and affects your borrowing power. The more outstanding your credit report is, the easier it will become for you to get approved for loans at low interest rates and favourable terms. If you have a bad credit report, however, it's not yet the end of the road for you. Read this article to learn how to fix your bad credit report now.
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