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.

Getting a Debt Consolidation Loan When You Have Bad Credit

November 15, 2019
A debt consolidation loan helps you sort out your overwhelming multiple debts into one single account. This makes it easier for you to manage repayments and save more on interest and associated loan fees. While this type of financing favours those who have good credit scores, you can still qualify even with bad credit. Read the article to find out how.
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How Does Manual Underwriting for Loans Work?

October 31, 2019
Manual underwriting for loans increases your loan approval chances, especially if you have a low credit rating or irregular income. Lenders usually conduct this procedure if you fail the automated underwriting process but still believe that you are capable of repaying your debt.
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What are the Advantages of a Bad Credit Loan?

October 22, 2019
A bad credit loan has several advantages aside from the high approval rate despite having a terrible credit history. It offers quick access to funds, flexible repayment options and a chance at improving your bad credit rating. Before taking out one, however, you should make sure that you can afford the repayment and the lender you're dealing with is reputable.
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You’re a Victim of Predatory Bad Credit Loans, Now What?

October 10, 2019
Ideally, bad credit loans are designed to help you get a second chance at financing. In practice, they are used by many lenders to exploit and extract money from desperate borrowers. Read on to understand how predatory lending happens and what can you do if you've fallen victim to it.
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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.
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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.
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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.
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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.
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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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